FRISCO, Texas--(EON: Enhanced Online News)--Century Payments, Inc., an industry leader in payment processing, announced today it has been purchased by WorldPay US, a global card payment acquiring business.
“Our clients will benefit from the combined competitive positioning and overall proposition. A true win-win for both parties.”
With this transition, WorldPay will strengthen its strategic partnership model and gain advanced sales tools and analytics. For customers in both businesses, this opens up the future prospect of new and innovative solutions as the businesses integrate.
“We needed to expand and worked hard to determine the ideal partner, WorldPay,” said Robert Wechsler, CEO and Co-Founder of Century Payments. “Through this acquisition, WorldPay can concentrate on their US growth strategy and leverage several of the considerable strengths Century Payments offers." Wechsler added, “Our clients will benefit from the combined competitive positioning and overall proposition. A true win-win for both parties.”
The transaction is the culmination of a long-standing relationship between WorldPay and Century Payments.
Financial Technology Partners LP and FTP Securities LLC (together, “FT Partners”) served as exclusive financial and strategic advisor to Century Payments.
About Century Payments
Century Payments, Inc. is a nationally recognized leader in the electronic payment processing industry, dedicated to developing the most progressive, dynamic programs to benefit merchants, partners and agents alike. Through white label alliance programs, Century is the fastest growing electronic payments company having boarded over 50,000 merchants in the last four years and processing close to $12 billion in annual volume. The company is headquartered in Frisco, Texas. Visit www.centurypayments.com for more information.
WorldPay US is the United States payment processing division of the WorldPay Group, a global card payment acquiring business which allows customers to accept card payments both at point-of-sale and over the Internet. Headquartered in London, England and operating in over 30 countries, the company offers services across the entire payment value chain, including transaction capturing, merchant acquiring and transaction processing. For more information, visit WorldPay.us.