NMI To Acquire Payment Gateway Services Provider Creditcall

Payments enablement technology provider NMI has agreed to acquire Creditcall, a multichannel payment gateway and EMV standard solutions provider, to enhance its EMV payment capabilties.

With offices in Bristol, England, and New York, and customers throughout many regions of the world, Creditcall will give NMI a global presence and access to new markets.

This acquisition will continue to differentiate NMI from traditional payment gateway providers by further expanding its omnichannel and EMV capabilities, creating a one-of-a-kind payment gateway platform supporting all channels of commerce including retail, e-commerce, mobile and unattended.

NMI CEO Roy Banks said: “The payment technology requirements of today’s merchants are more complex than ever—they need to accept and process payments in all sales channels and environments.

“The need for a single vendor and platform that seamlessly integrates and simplifies the complexities of card-present and card-not-present payments has never been greater, and the combination of NMI and Creditcall will finally deliver a true omnichannel solution.”

The addition of Creditcall’s support for EMV chip card, swipe and contactless payment terminals, and processor certifications to the NMI platform, will make NMI the ideal payment technology partner for ISOs, ISVs and VARs who need a complete and unified payment solution for merchants conducting business in an omnichannel environment.

NMI and Creditcall partners will be able to obtain all card-present and card-not-present payment technology from a single vendor and platform for their merchants.

Creditcall CEO Lars Pedersen said: “We are excited to join forces with NMI as our solutions are highly complementary and will create a unique payment technology company.

“By combining our EMV technology and card-present expertise with NMI’s market-leading card-not-present white-label payment gateway platform, we will become a one-stop shop for omnichannel solutions for our partners and customers.”

The acquisition of Creditcall reflects the ongoing growth investment and commitment of NMI’s investors Francisco Partners and Great Hill Partners.

The combined company will account for more than $45bn of payment volume, and customers and partners will benefit from more than 165 processor integrations and 100-plus device certifications worldwide.

Source: Company Press Release