FIS to Buy Clear2Pay for €375 Million (Sept. 3, 2014)
Payment technology supplier FIS will acquire Brussels-based payments processing technologies and services provider Clear2Pay, a company with a strong client base of top financial institutions in Western Europe, Asia Pacific and the Americas. The deal will strengthen FIS’ global payments capabilities through the addition of new payments-managed services and payments processing utilities that will improve its abilities to deliver differentiated payments solutions, according to an announcement today. Jacksonville, Fla.-based FIS expects to close on the €375 million ($492.7 million) acquisition in the fourth quarter of this year. Today’s announcement follows last month’s announcement that Spanish-language media company Univision chose FIS to provide end-to-end prepaid services for the Paybefore Award-winning Univision MasterCard Prepaid Card.
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