Enabling Technologies

Worldpay Acquires SecureNet to Drive its Shift to a Multichannel Payments Integrator

MEDICI

Worldpay is one of the leading global providers of payments technology and services to merchants, partners and developers. The company recently announced that it has officially closed its acquisition of SecureNet Payment Systems from the private equity firm Sterling Partners. SecureNet has been known to pioneer the payment industry with its cloud-based solution to seamlessly integrate point-of-sale, mobile and eCommerce payments processing, inventory management and data analytics for merchants.

Worldpay’s strategy behind the acquisition is to accelerate its strategic shift from a more traditional processor to a multichannel payments integrator that enables businesses to accept payments regardless of the way their customers want to pay.

Tony Catalfano, President and CEO of Worldpay US, said in an official press release: “The move away from traditional transaction processing to enabling consumer-driven purchasing experiences across channels is the future of commerce. As the leaders in modern money, Worldpay is bridging payments acceptance with consumer buying preferences to produce actionable data that business owners can use to drive more sales in their stores. And acquiring SecureNet’s market-leading payments technology platform will allow Worldpay customers to always make the sale, regardless of how their customers want to pay.”

With the acquisition, Worldpay also gains SecureNet’s extensive network of more than 100 referral and integrated partners, and relationships with more than 17,000 merchants. SecureNet has several patents pending for its technology and a strong track record of rapid innovation delivery.

Brent Warrington, CEO of SecureNet Payment Systems, said in an official press release: “Simplify and streamline the payments experience will remain our commitment as we become part of Worldpay. Today’s global consumers are savvy and demand an ever evolving retail experience. As Worldpay, we can deliver more value to more customers through more distribution channels that can fuel future growth and continued innovation for merchants, partners and developers.”

In 2013, Worldpay had acquired Century Payments, another recognized player in the payments industry.

MEDICI Team

MEDICI

MEDICI Team is a group of content writers, bloggers, journalists, researchers, and editors from the MEDICI who collaborate to create FinTech insights.

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