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:
  • NAMA Cancels Oct.'s Tech Talk, Reschedules For 2015; Dec.'s Seminar Is On
  • Vending Association Kicks Off Public Policy Conference On Capitol Hill, A Few Months Before Mint's Coin Report Is Due
  • Soft Drink Leaders Begin Drive To Cut Per Capita Caloric Intake
  • Avanti Will Spotlight Countertop Micromarket Kiosk At Atlantic Coast Exhibition
  • Canteen Acquires North Carolina's Classic Food Services

Copyright © 2014 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