24 February 2018
Visit www.capgemini.com/worldreports

EVO Payments to buy merchant acquiring business of Deutsche Postbank

29 May 2015  |  2941 views  |  0 Source: EVO Payments

EVO Payments International (EVO), a leading card payment acquirer and payment service provider operating throughout the United States, Canada and Europe, announced today that it has reached agreement with Deutsche Postbank (Postbank) for the purchase of Postbank's merchant acquiring business, P.O.S. Transact (POS Transact).

In addition, EVO and Postbank will enter into a long-term strategic marketing agreement under which EVO and Postbank will make available to the bank's merchant customers a wide variety of card acquiring and related products on an exclusive basis.

James G. Kelly, CEO of EVO Payments International, said, "We are delighted to enter into a long-term partnership with Postbank to offer market-leading payment products and services to the bank's merchant customers. Following our acquisition of Deutsche Card Services from Deutsche Bank, this acquisition represents a further investment by EVO to deliver powerful payment solutions to the German and broader European markets by partnering with a leading financial institution in the region."

Susanne Kloess, Member of Postbank's Management Board: "With EVO Payments we are convinced to have found a very experienced and reliable partner for our existing and future card acceptance business. Our clients will benefit from EVO's state-of-the-art payment solutions portfolio complementing Postbank's core strengths in Retail and Transaction Banking."

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.nextgenbanking.co.ukVisit www.vasco.comvisit www.ebaday.com

Top topics

Most viewed Most shared
Ripple makes new connections to emerging marketsRipple makes new connections to emerging m...
11725 views comments | 16 tweets | 10 linkedin
hands typing furiouslySome Interesting Applications Of The Inter...
10308 views 3 | 9 tweets | 1 linkedin
Basel Committee outlines disruptive fintech scenariosBasel Committee outlines disruptive fintec...
8499 views comments | 15 tweets | 26 linkedin
Investment Association sets up fintech accelerator for asset managersInvestment Association sets up fintech acc...
8035 views comments | 19 tweets | 10 linkedin
R3 creates Legal Centre of Excellence for blockchain technolgyR3 creates Legal Centre of Excellence for...
7729 views comments | 10 tweets | 14 linkedin

Featured job

Competitive base + commission + benefits
UK or Germany

Find your next job