Altair buys US payments processing outfit Symmetrex
Altair Financial Services International Plc (Altair) has acquired US based Symmetrex, Inc. an international financial payments transaction processing company with global reach across the Americas, Asia and Europe.
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Working in association with MasterCard and Visa, Altair provides bespoke white labelled Prepaid Card programs offering enhanced functionality in a wide range of market segments.
"The acquisition of Symmetrex gives Altair the foundation and platform infrastructure necessary to provide high availability, robust financial applications," declares Lee Britton, Altair CEO. "Altair will not only benefit immediately from the low processing rates and quality of service but also it will allow us to utilise Symmetrex's expertise in the rapidly growing Prepaid Card market which is generating substantial revenues for us."
"We are extremely excited at the added dimension Altair brings to Symmetrex and we will be utilising Altair's resources and additional functionality to enhance our existing product range," said Mike Besner, SVP Business Development at Symmetrex.