SafeCharge Enters New Verticals with 3V Acquisition (Jan. 2, 2015)
Dublin-based 3V Transaction Services Ltd., which specializes in issuing, processing and management of prepaid card programs, will be the foundation of a new issuing division of SafeCharge, which acquired the technology provider for €14.5 million (US$17.4 million). The deal is expected to close this month, according to SafeCharge, a U.K.-based provider of payments services, risk management and IT solutions for online businesses.
3V is part of SafeCharge’s plan to enter new product verticals and 3V enables the company to gain entry into the expanding prepaid card market, said SafeCharge CEO David Avgi. 3V also expands SafeCharge’s B2B product offering by adding a card issuance platform and alternate acquiring solutions, and a scalable platform with live projects in multiple countries, among other benefits, according to SafeCharge.
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