ACI Acquires PAY.ON for $200 Million
Nov. 5, 2015
Florida-based payment processor ACI Worldwide late yesterday announced it has agreed to acquire German payments provider PAY.ON for $200 million in cash and stock. The Munich-based company provides a white-labelled e-commerce gateway for PSPs and acquirers around the world. ACI said PAY.ON’s e-commerce solution strengthens its card-not-present offering and will enable the processor to deliver a seamless omnichannel experience for merchants around the world.
“PAY.ON brings world-class e-commerce payment and CNP capabilities to ACI,” said Phil Heasley, president and CEO of ACI Worldwide. “Its SaaS-based business model, coupled with its strength in alternative payments and cross-border capabilities, allow us to expand our e-commerce platform broadly into new geographic regions.”
By nabbing PAY.ON yesterday and e-commerce antifraud technology provider ReD in July of 2014 (another $200 million purchase), ACI has acknowledged the growing importance of e-commerce to traditional payment providers.
“We’re excited to become part of the ACI team, and are pleased that our e-commerce gateway technology will play a strategic role in fulfilling ACI’s Universal Payments vision of enabling a complete set of end-to-end payment services,” said Markus Rinderer, CEO and co-founder of PAY.ON.