Neovia has acquired all of the assets of the payments processor for USD 50 million in cash, shares, vendor debt financing and warrants. The acquisition is set to combine the customer base, technology platforms and services of the two companies.
Neovia Financial provides merchants with the Netbanx processing service which enables them accept and settle card, direct-from-bank and cash payments, as well as with the Neteller payment account.
Optimal Payments provides credit-debit card and e-check (Direct Debit) services to retail/point of sale, internet, and mail-order/telephone-order (MOTO) to merchants in Canada, the US, Europe and the Caribbean.
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