Vantiv acquires UK-based Worldpay for £7.7bn

Payment processor Vantiv has reportedly acquired UK-based Worldpay in a deal worth around £7.7bn.

Earlier in the week the company had said there was interest from Vantiv and JPMorgan Chase, according to various media reports.

Vantiv is a credit card processing service provider, helping businesses accept payments whether it’s through point-of-sale systems, ecommerce transactions or omni-channel retailing. The company helps businesses gain access to payments types like mobile and online payments.

Offerings also include tools to help companies protect against online card fraud and card data being stolen.

Following the acquisition, Vantiv will expand its international presence, the reports state.

Worldpay is also a payment processor and currently has offices in the UK, US, Europe and Asia supporting 120 currencies, to allow customers simple transactions. The company offers card machines, online payments, telephone payments and email payments.

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