Private Equity Firm Acquires VCG

Nov. 21, 2011

RBS Equity Finance has acquired authentication company and payments processor Voice Commerce Group (VCG). The private equity group, a division of RBS Asset Management Limited, said the capital invested “will be used to bring innovative new products to the market and support the growth of existing services.” Financial terms of the deal were not disclosed. VCG, which pioneered the use of voice signature technology to authenticate mobile and Internet payments, also offers merchant acquiring services, ATM transaction processing and prepaid payment card issuance. The company’s founder and CEO, Nick Ogden, also founded online payments processor WorldPay in 1997. RBS Equity Finance said VCG is “positioned to take advantage of high growth markets including mobile payments, contactless technology and new verification technologies.”