Pivotal Payments Completes Its Second Acquisition of 2013

Leading North American Merchant Services Provider Adds $700 million in Annual Volume and Strengthens Partnerships

MELVILLE, NY, Oct. 3, 2013 /PRNewswire/ - Pivotal Payments, a leading North American merchant services provider, announces an acquisition that adds over $700 million in annual volume and 25 new sales partners. This acquisition will continue to fuel the company's long-term growth by increasing overall transaction count, processing volume and broadening its partnership base. The announcement follows a series of successfully completed acquisitions over the past ten years.

Pivotal Payments will assimilate the additional partners with its specialized partnership support team, expanding its sales distribution network which markets its omni-channel payment technologies.

"We are actively pursuing merger and acquisition opportunities in both the U.S. and Canada that align with our growth strategies," said Philip Fayer, president and CEO, Pivotal Payments. "We look forward to welcoming our new partners and merchants to Pivotal. Joining Pivotal allows them to benefit from our innovative payment options, while strengthening competitiveness in today's evolving sales environment."

Merchants belonging to the portfolio can access Pivotal Payments' omni-channel payment platform to better manage and administer complex payment systems, be it in store, online or through mobile and social channels. In addition, using the company's global merchant acquiring payment gateway, merchants will be able to consolidate their payment operations under a single provider. Pivotal Payments will offer its FX solutions including multi-currency processing (MCP) and dynamic currency conversion (DCC), allowing businesses to expand their global reach, improve profitability and provide a better overall customer experience.

About Pivotal Payments
Innovative, reliable and affordable, Pivotal Payments is a leading provider and processor of merchant services throughout North America. Pivotal Payments provides to both online and point of sale merchants a variety of services such as debit and credit card processing, electronic check conversion, merchant cash advance programs, loyalty/gift card programs and terminal management solutions. The company provides these services to small and mid-sized retail businesses, mail order/telephone order merchants, e-commerce, chain stores, franchises, restaurants and dealerships. Processing over US $10 billion in annual transactions, Pivotal Payments serves more than 60,000 customers. To learn more, visit http://www.pivotalpayments.com

SOURCE Pivotal Payments