ACI Worldwide (NASDAQ: ACIW), a global provider of electronic payment and banking solutions, acquired PAY.ON, a Munich, Germany-based provider of eCommerce payment gateway services, for €180m (approximately $200m).
ACI will use the existing credit facility to finance the transaction.
Led by Markus Rinderer, CEO and co-founder, PAY.ON delivers a SaaS-based, white label global payment gateway solution to payment services providers (PSPs) and acquirers globally. The product features connectivity to more than 300 alternative payment methods and card acquirers in more than 160 countries.
The acquisition aims to strengthen ACI’s UP Retailer Payments offering via PAY.ON’s solution. The combined ACI/PAY.ON solution provides merchants and PSPs the ability to deliver an omni-channel customer payment experience in any retailer modality – in store, mobile, online – with both on premise and SaaS delivery options.
Led by Phil Heasley, president and CEO, ACI Worldwide currently powers electronic payments and banking for more than 5,600 financial institutions, retailers, billers and processors around the world. Through a suite of software products and hosted services, the company delivers a broad range of solutions for payment processing; card and merchant management; online banking; mobile, branch and voice banking; fraud detection; trade finance; and electronic bill presentment and payment.