EVO Payments International, a US-based payment service provider, has signed an agreement to acquire Deutsche Postbank’s merchant acquiring business POS Transact.
In addition, EVO plans to sign a long-term strategic marketing agreement with Deutsche Postbank, under which both the companies would offer a wide range of card acquiring and related products on an exclusive basis to the bank’s merchant customers.
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EVO Payments CEO James G. Kelly said, "Following our acquisition of Deutsche Card Services from Deutsche Bank, this acquisition represents a further investment by EVO to deliver powerful payment solutions to the German and broader European markets by partnering with a leading financial institution in the region."
Postbank management board member Susanne Kloess said: "With EVO Payments we are convinced to have found a very experienced and reliable partner for our existing and future card acceptance business.
"Our clients will benefit from EVO’s state-of-the-art payment solutions portfolio complementing Postbank’s core strengths in Retail and Transaction Banking."
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