Omnichannel payment processing developer Creditcall has been acquired by fellow payments provider NMI.
Creditcall is a payments gateway for independent sales organizations, independent software vendors, value-added resellers and payment facilitators to process range of payment methods. The company offers EMV solutions, which is the global standard for chip card technology for debit and credit cards.
NMI provides payment technology to support its clients to process transactions in a secure manner. The platform is able to integrate with a client solution, and can help with a range of payment methods online and off.
Through the acquisition, Creditcall will open up Illinois-based NMI to a selection of new markets around the world. It will also help NMI expand its omnichannel and EMV capabilities to support all areas of retail including, e-commerce, mobile and unattended.
Following the acquisition, the joint company will be responsible for over $45bn in payment volume.
?We are excited to join forces with NMI as our solutions are highly complementary and will create a unique payment technology company,commented Lars Pedersen, chief executive officer of Creditcall. ?By combining our EMV technology and card-present expertise with NMI market-leading card-not-present white-label payment gateway platform, we will become a one-stop shop for omnichannel solutions for our partners and customers.p>
NMI is currently backed by Francisco Partners and Great Hill Partners. Last year, Bregal Sagemount sold its share IN NMI to Francisco Partners In undisclosed investment, and saw the firm pick up a majority stake.
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