WorldPay Acquires U.K. Alternative Payment Provider
May 5, 2011
London-based payments processor WorldPay is set to acquire alternative online payment solutions provider Envoy Services Limited. Envoy, also headquartered in London, provides international e-commerce merchants alternative payment acceptance through a global network of over 200 local bank accounts and 40 alternative payment services as well as a leading fraud screening service. Floris de Kort, CEO of WorldPay’s e-commerce division, said: “Following this transaction, online merchants will, for the first time, be able to obtain world-class gateway, card, alternative payment, fraud prevention and other value-added services via one reliable technical connection from a payment service provider who will fully control development, customization, quality and stability—and it will be our joint customers who set the priorities.” WorldPay said the acquisition is expected to close this month and that terms of the transaction were not disclosed.