ACI Worldwide has announced that it is set to acquire PAY.ON, an e-commerce payment gateway business based in Munich, Germany. PAY.ON’s white label global payment gateway features connectivity to more than 300 alternative payment methods and has relationships with merchant acquirers in more than 160 countries. With 2014’s acquisition of ReD, ACI Worldwide hopes to combine the two solutions with existing in-house technologies and products to create a robust omni-channel payment gateway.
Commenting on the deal, Phil Heasley, president and CEO, ACI Worldwide said,
“Combined with our market leading fraud and risk management solutions, we now offer the most comprehensive global omni-channel retail and e-commerce platform, allowing us to capitalise on the rapid growth in the retail merchant sector.”
With e-commerce among the fastest growing payment transaction types in Europe and around the world, combining the strong range of payment methods and acquiring relationships of PAY.ON and the payments risk management technology of ReD, ACI Worldwide will have one of the most competitive solutions in the marketplace today.
Overview by Tristan Hugo-Webb, Associate Director, Global Payments Advisory Service at Mercator Advisory Group
Read the full story here
