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EVO Payments buys Postbank merchant acquiring business

GERMANY | EVO Payments International (EVO) announced it has reached agreement with Deutsche Postbank (Postbank) for the purchase of Postbank’s merchant acquiring business, P.O.S. Transact (POS Transact). Both parties 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.

EVO Payments' European Expansion

EVO Payments is one of Europe's leading card acquirers and payment service providers operating throughout the United States, Canada and Europe. In 2013, EVO Payments International completed its acquisition of Deutsche Card Services, formerly a wholly owned subsidiary of Deutsche Bank. From then it conducted business under the name EVO Payments International GmbH, licensed by MasterCard and Visa to operate merchant acquiring services in 39 European markets.

Two strategic acquiring partnerships followed later that year with PKO Bank Polski (eService) and Banco Popular in Spain (Popular Payments). Back in April of 2014, EVO Payments International teamed up with PAY.ON to develop merchant acquiring solutions aimed for small and medium sized merchants. In September EVO announced a new partnership with Bank of Ireland to provide merchant acquiring services in the Republic of Ireland and Northern Ireland.

Deliver powerful payment solutions

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.”

Reliable partner

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.”

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About EVO Payments International

EVO Payments International GmbH (EVO) is the European subsidiary of the EVO Payments International group headquartered in New York, USA. As Principal Member of Visa and MasterCard EVO offers international solutions for debit and credit card acceptance and transaction processing for physical points of sale, e-commerce and mail-order retailing and ATMs.

In addition to card acceptance EVO provides a full suite of services including further non-cash payment methods, fraud prevention systems and other services which ensure easy, quick and secure handling of payments.

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Article sourced from Press Release by EVO Payments International, May 29th, 2015

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