QUICK LINKS: Videos  |  Micromarkets |

Redemption Report

|

Classifieds

|

Buy a Classified Ad

|

Editorial Calendars

|

Circulation Data

|

Downloads

|

Bookstore

|

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:
  • Former First Lady Laura Bush Will Headline NAMA's 2017 OneShow
  • SmartCEO Recognizes USA Technologies' Stephen Herbert With 2017 Future 50 Award
  • USA Technologies Inc. Unveils Next-Generation ePort With LTE Wireless Service
  • Vending Operators Advocate For Industry At Cook County Sweetened Beverage Tax Hearing
  • Connecticut Vending Operator Daniel Tomassetti Dies At 62

Copyright © 2017 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