Payments solutions provider Clear2Pay has
acquired US-based ISTS Worldwide.
ISTS provides retail payment technology for
card transactions and test automation.
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According to Michel Akkermans, chairman and
CEO of Clear2Pay, the acquisition follows a growing interest in new
payments technology among Clear2Pay’s clients.
Akkermans said: “In working with large
financial institutions, we recognise the renewed interest in
payments as the prime customer touch point.
“This leads to a huge demand in
payments-specific technology and skills in product development and
project management. With ISTS, we can both offer a pool of card and
payments expertise in the US and India, as well as the experience
of onsite/off shore project management and delivery.
“This onsite/offshore delivery model will be
leveraged inside the Clear2Pay group and will enable us to support
our customers in bringing robust future proof technology, and thus
their payment products, to market in a much shorter time
frame”.
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By GlobalDataThe acquisition of ISTS increases Clear2Pay’s
distribution and reach in the card sector.
