Login or signup
36
HARDWARE

Planet Payment Expands Portfolio
 

The company recently announced a deal to acquire iPay’s Internet payment gateway.
Advertisement

Planet Payment has acquired New Castle, Del.-based e-commerce processing business, iPay, which specializes in facilitating credit and debit card payments for online merchants, or for any business that does not sell its goods or services face-to-face.

The $1 million acquisition includes iPay's Internet payment gateway and related technology, Web-based merchant transaction reporting module, credit card chargeback management systems, and associated hardware and equipment.

"The assets that we have acquired will enable Planet Payment to better meet the demands and e-commerce processing needs of customers worldwide with a more robust suite of products and services," Philip Beck, chairman and CEO of Planet Payment, said in a statement. "We are looking forward to working with the merchants and banks that are our new customers and can assure them that we are committed to achieving a seamless transition and continuity of payment services."

Last updated: Apr 22, 2008




Register on Inc.com today to get full access to:
All articles  |  Magazine archives | Comment and share features
EMAIL
PASSWORD
EMAIL
FIRST NAME
LAST NAME
EMAIL
PASSWORD

Or sign up using: