Under the terms of the deal, Equens and CEDICAM, the payment processing and systems division of Credit Agricole, will work on exploring “the possibility of aligning their payment platforms to become a major payment services provider in Europe”, according to a press release. The companies plan to achieve this by combining volumes and developing synergies to lower unit processing costs. Negociations are expected to close in 2010.
CEDICAM operates in the electronic banking, payment and card processing domains.
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