SecureNet Payment Systems, a Rockville, Maryland-based developer of payment processing technology, has received a $18m growth equity investment led by Sterling Partners.
The company intends to use the proceeds to further expand its eCommerce and strategic product initiatives and bolster its PCI compliance and fraud monitoring tool sets.
Led by CEO Brent Warrington, SecureNet connects merchants, financial institutions and their customers by providing an advanced payment technology to deliver an integrated payment solution for merchants of all sizes.
It processes over $12 billion in annual transaction volume and services 14,000 merchants.
FinSMEs
24/07/2012