21 October 2017
visit www.atos.net

Retail Decisions acquires Paymentplus

01 March 2002  |  4113 views  |  0 Retail Decisions acquires Paymentplus

Retail Decisions has acquired the business and assets of Paymentplus, a US-based card-not-present processing software provider, for $2.25 million in cash.

Paymentplus provides credit card and electronic cheque authorisation capability for card-not-present retailers. Its LiveProcessor processing engine delivers live credit card and electronic cheque transaction interfaces to third party transaction processors.

Pre-audit management accounts for the year ended 31 December 2001 show revenues of $1.75 million, an operating loss of $148,000 and net assets of $282,000.

As part of the transaction, Jeff Foster, vice president of marketing and sales, and Matt Wixson, chief technology officer, will be joining Retail Decisions' US subsidiary.

Retail Decisions has been working with Paymentplus since September 2000 and its ebitGuard platform is already integrated with Paymentplus' LiveProcessor software.

Carl Clump, chief executive of Retail Decisions, states: "This acquisition is a further demonstration of Retail Decisions' intention to strengthen its position in North America, the world's largest payment card market."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Retail Decisions establishes e-payments consulting division

Retail Decisions establishes e-payments consulting division

21 February 2002  |  3588 views  |  0 comments
Mosaic fights card payment fraud with Retail Decisions

Mosaic fights card payment fraud with Retail Decisions

16 January 2002  |  3313 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.atos.net visit www.fivedegrees.nl

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
9105 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8728 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7840 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7325 views comments | 10 tweets | 22 linkedin
Eight banks form joint venture to launch blockchain trade platformEight banks form joint venture to launch b...
6945 views comments | 14 tweets | 23 linkedin

Featured job

Competitive base + commission + benefits
New York City, NY - USA

Find your next job