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Paysafe completes acquisition of Merchants’ Choice Payment Solutions
Aug 23, 2017
Paysafe Group plc (LSE: PAYS.L, "Paysafe" or the "Group"), a leading global provider of payment solutions, announces today that it has completed the previously announced acquisition of substantially all the assets of Delta Card Services Inc., the holding company for Merchants’ Choice Payment Solutions (“MCPS”), a payment processor based in the Houston suburb of Shenandoah, Texas.
Todd Linden, MCPS CEO, will join Paysafe as CEO of Payment Processing North America while Giovanni Diano, MCPS CFO, has been named as CFO of Payment Processing.
Paysafe Group plc
Andrew Griffin, SVP Market Intelligence and Investor Relations
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BMO Capital Markets (Lead Financial Advisers)
Jonathan Dubroff / Nicolas Brunet
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Brunswick Group LLP
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Paysafe is a leading global provider of end to end payment solutions. Our core purpose is to enable businesses and consumers to connect and transact seamlessly through our industry-leading capabilities in payment processing, digital wallets and online cash solutions. Delivered through an integrated platform, our solutions are geared towards mobile-initiated transactions, real-time analytics and the convergence between bricks-and-mortar and online payments. With over 20 years of online payment experience, a combined transactional volume of US$48 billion in 2016 and over 2,300 staff located in 12 global locations, Paysafe connects businesses and consumers across 200 payment types in over 40 currencies around the world. Paysafe Group plc shares trade on the London Stock Exchange under the symbol (PAYS.L). For more information, visit: www.paysafe.com.