Creditcall, an omni-channel payment gateway and EMV solutions provider, today announces it has signed a definitive agreement to be acquired by NMI, a leading provider of payments enablement technology for independent sales organisations (ISOs), independent software vendors (ISVs), value-added resellers (VARs) and Payment Facilitators.
“We are excited to join forces with NMI as our solutions are highly complementary and will create a unique payment technology company,” commented Lars Pedersen, chief executive officer of Creditcall. “By combining our EMV technology and card-present expertise with NMI’s market-leading card-not-present white-label payment gateway platform, we will become a one-stop-shop for omni-channel solutions for our partners and customers.”
The acquisition will bring together NMI’s nearly two decades of ecommerce and mcommerce expertise with Creditcall’s industry-leading support for EMV chip card, swipe and contactless enabled payment devices. It will also create the payment industry’s most versatile omni-channel payment gateway platform across North America and Europe. This will increase choice, accelerate time to market and remove payment complexities for integrators and their merchant customers.
With offices in Bristol UK and New York City, NY, USA, Creditcall has expanded over the past two decades from its core offering of payment functionality in parking, ticketing, transportation and vending and has moved into the world of retail and hospitality. The addition of NMI’s Pleasant Grove, UT, USA and Roselle, IL, USA offices will increase the total talent pool to more than 160 staff, providing support and payments solutions across multiple time zones and regions.
The combined company accounts for more than $45B of payment volume per annum, and customers and partners will benefit from more than 165 processor integrations and over 100 device certifications worldwide.
“The payment technology requirements of today’s merchants are more complex than ever—they need to accept and process payments in all sales channels and environments,” said Roy Banks, chief executive officer of NMI. “The need for a single vendor and platform that seamlessly integrates and simplifies the complexities of card-present and card-not-present payments has never been greater, and the combination of NMI and Creditcall will finally deliver a true omnichannel solution.”
Realising their investment from the sale of Creditcall, FPE Capital and Bestport Ventures, both with focus on UK technology businesses, invested in Creditcall back in 2012 to support the company’s development. NMI is backed by global private equity firms, Francisco Partners and Great Hill Partners, both of which specialise in investments in technology and technology-enabled businesses.
Creditcall, an omni-channel Payment Gateway and EMV Kernel provider, develops the most trusted and secure payment software that reliably drives transactions across multiple channels and verticals. Whether mobile, online, in-store, or self-service within retail, hospitality, parking, vending, transportation, or charities, Creditcall’s software is relied on and used by software developers worldwide for its ease of integration.
Based in the heart of Bristol and with offices in New York, Creditcall started as a simple telecommunications service back in 1996, enabling hotel customers to bill telephone calls to their credit or debit card. This service coined the “Creditcall” name. For more details, please visit www.creditcall.com.
NMI provides payments enablement technology that empowers ISOs, ISVs, VARs and payment facilitators to offer branded payment gateway services without building or maintaining their own technology. Our exceptional team of software engineers has created a security-focused, feature-rich, omni-channel payment gateway platform that partners can completely and transparently brand, removing NMI from their merchant customers’ view. Headquartered in Roselle, Illinois, NMI is the operating trade name of Network Merchants, LLC. For more information, please visit www.nmi.com.