Bluefin, an Atlanta, GA-based company providing integrated payments in PCI-validated encryption and tokenization technologies that protect payments and sensitive data, acquired TECS Payment Systems, a Vienna, Austria-based provider of omnichannel payment solutions to acquirers, payment service providers and POS system providers.
The amount of the deal was not disclosed.
Together, Bluefin and TECS will serve 34,000 connected merchants and nearly 300 global partners in 55 countries. The strategic combination expands the global footprint of both organizations. Bluefin and its customers gain omnichannel payments and smartPOS capabilities that will integrate with the company’s existing payments and data security suite. TECS and its customers will benefit from the addition of data security solutions that address growing needs of larger organizations, as well as additional resource investment in the innovative TECS product and solution suite. TECS will be integrated into the Bluefin team and continue its Austria-based operations, managed locally by TECS CEO and founder Fazlollah Rostamian.
Led by CEO and founder Fazlollah Rostamian, TECS provides a platform that supports international card payments, fleet cards, account-based payments and digital wallets processed through in-person, mobile, unattended and e-commerce channels. SmartPOS devices are offered from Sunmi and Newland through the company’s own AppStore and Terminal Management Systems (TMS). Gateway features include multi-currency processing, a robust fraud system, a gift card/loyalty program and a proprietary 3D Secure (3DS) solution integrated with the card brands.
Led by CEO John M. Perry, Bluefin specializes in encrypted and tokenized integrated payments through their PCI-validated point-to-point encryption (P2PE) solutions for point-of-sale (POS) transactions and ShieldConex data security platform for the tokenization of payments, Personally Identifiable Information (PII) and Protected Health Information (PHI) entered online.
FinSMEs
01/11/2022