QUICK LINKS: Videos  |  Micromarkets |

Redemption Report




Buy a Classified Ad


Editorial Calendars


Circulation Data






Date Book


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
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

  • Vistar Parent PFG Rings New York Stock Exchange Opening Bell: Oct. 2
  • Samsung Pay Kicks Off Seven-City Tour At Austin City Limits Music Festival
  • Lavit Debuts Commercial Single-Serve Cold Beverage Dispenser
  • Three Square Market Receives Highest PCI Certification For Micromarkets
  • Arizona's Ace Vending Purchases $3.6 Million Facility

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