QUICK LINKS: Vending Videos  |  Micromarkets  |

VT Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

Operators Date Book

Search:      

Bookmark this site




Issue Date: Vol. 52, No. 9, September 2012, Posted On: 8/21/2012


Global Payments Inc. To Acquire Accelerated Payment Technologies


Emily Jed
Emily@vendingtimes.net
TAGS: vending, vending machine, payment systems, Global Payments Inc., electronic transaction processing, Accelerated Payment Technologies

ATLANTA -- Global Payments Inc., a worldwide provider of electronic transaction processing solutions, announced an agreement to acquire Accelerated Payment Technologies.

APT provides payment solutions for small- to mid-size merchants producing a collective $8 billion in annual card volume. The company markets its products and services primarily through a network of 700 resellers covering 30 vertical markets.

Global Payments currently processes the majority of APT's transactions under its existing ISO processing relationship.

Under the terms of the agreement, Global Payments will pay $413 million in cash to acquire APT from Great Hill Partners, a Boston-based private-equity firm.

The transaction is expected to close during Global Payments' second 2013 fiscal quarter, pending regulatory approvals and customary closing conditions.


Topic: Vending Features

Articles:
  • HotShot Plans To Bring Japan's RTD Hot Coffee Craze To U.S.
  • Brightbox Offers Self-Serve Cellphone Charging Kiosks To Operators
  • NCVA Plans Annual Membership Meet For May 15-16 In Greensboro
  • BMO Harris Bank Adopts 'Cardless Cash' Technology
  • KAMC And OAMA Set 2015 Vending Meet At Cumberland Lake Park On June 26-27

Copyright © 2015 Vending Times Inc. All rights reserved. 
P: (516) 442-1850 | F: (516) 442-1849 | subscriptions@vendingtimes.net
55 Maple Ave. - Ste. 304, Rockville Centre, NY 11570