EVO Payments International and Deutsche Postbank reach agreement regarding the sale of P.O.S. Transact to EVO
New York and Bonn, May 29, 2015 – EVO Payments International (EVO), one of the leading providers in the field of payment transactions, acceptance and transaction processing for debit and credit cards, with business activity in the USA, Canada and Europe, today announced a successful agreement with Deutsche Postbank (Postbank) regarding the acquisition of Postbank's card acceptance company, P.O.S. Transact. Furthermore, EVO and Postbank will enter into a long-term marketing agreement to provide Postbank's business customers with an exclusive range of card acceptance solutions and related services.
James G. Kelly, CEO of EVO Payments International, said: "We are delighted to enter into a long-term partnership with Postbank and to offer its business customers access to market-leading payment solutions. After taking over Deutsche Card Services from Deutsche Bank, this acquisition represents a further investment by EVO to provide the German and European market with highly efficient payment solutions, partnering with leading regional financial institutions.”
Susanne Klöß, member of the board for Postbank: “We are confident that, in EVO Payments, we have found an experienced and reliable partner – regarding both our existing and future activities in the field of card acceptance. Our customers will benefit from EVO's portfolio of cutting-edge payment solutions that complement our central strength in the field of retail and transaction banking.”
About EVO Payments International, LLC
EVO Payments International, LLC is a leading payment service provider of merchant acquiring and processing solutions for merchants, Independent Sales Organizations (ISOs), financial institutions, government organizations, and multinational corporations located throughout the United States, Canada and Europe. A principal member of Visa and MasterCard, EVO offers an array of innovative, reliable and secure payment solutions, backed by an uncompromising commitment to exceeding the needs of its customers and partners. Visit www.EVOpayments.com for more information about the company and its services.