The software license allows EVO to expand its ability through its proprietary processing platforms to support the software community, including point-of-sale, mobile and e-commerce developers, with the tools necessary to develop a broader suite of multi-channel, multi-service solutions needed to serve EVOs worldwide base of merchant customers. In connection with the transaction, IP Commerces core payments team, including senior members of the sales, operations and technology groups, have decided to join EVO.
Along with the license, EVO also obtained certain assets of IP Commerces technology infrastructure. EVO will launch the platform in Q4 2013 and has already begun recruiting software companies.
EVO Payments International offers a range of payment products and solutions to merchants, Independent Sales Organizations (ISOs), financial institutions, government organizations and multinational corporations located throughout the US, Canada and Europe. The company currently services almost 275,000 merchant customer businesses of all sizes, in various industries, focusing on small- to mid-sized merchants. EVOs annual processing volume has reached more than USD 30 billion in 2012.
In recent news, EVO Payments International has completed the acquisition of Deutsche Card Services, formerly a wholly owned subsidiary of financial institution Deutsche Bank. Deutsche Card Services will conduct business under the name EVO Payments International GmbH.
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