Pivotal Payments Completes Portfolio Acquisition from American National Payments
One of the fastest growing payment processors in North America adds over 2000 merchants and 300 million dollars in bankcard volume annually
MELVILLE, NY, March 31 /CNW Telbec/ - Pivotal Payments announced today the acquisition of a merchant portfolio from American National Payments of St. Louis, Mo. The acquisition adds over 2000 merchants to Pivotal Payments' North American portfolio and enhances its sales channels with the addition of an established ISO sales partner.
Pivotal Payments continues to be one of the fastest growing payment processors in North America and the acquisition of the American National Payments' portfolio is another in a series of acquisitions Pivotal Payments has completed over the last 5 years. This growth is an integral part of Pivotal's strategy to enhance its footprint throughout North America as a trusted, innovative and dynamic merchant services provider.
"Pivotal is excited with adding American National Payments to our portfolio," said Philip Fayer, president and CEO, Pivotal Payments. "The addition of ANP as an Executive ISO partner, combined with Pivotal's efficiencies and technology, will allow us to further expand and serve our clients' merchant processing needs. The ANP acquisition supplements our strong organic growth momentum."
"We are very happy to have concluded this transaction with Pivotal. ANP prides itself on its exceptional customer service and we are confident that our merchants will be in good hands with the Pivotal Payments team." said Michael Lineback, Owner of American National Payments.
About Pivotal Payments
Pivotal Payments is a leading provider and processor of merchant services such as credit and debit 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. With offices across North America, Pivotal Payments has grown to over 350 employees and over 1,000 agents and serves over 60,000 customers. The company processes over US$8 billion in annual transaction volume.
Company and product information are available at www.pivotalpayments.com
About American National Payments
American National Payments, a privately owned corporation founded in 2005 in St. Louis, Missouri, offers a comprehensive suite of payment processing solutions designed to help merchants, banks and associations process credit, debit and gift cards as well as offering check processing and payroll solutions. American National Payments has committed itself to powering business growth by creating, delivering, and supporting innovative, highly-reliable payment systems and providing top notch merchant support. In conjunction with a nationwide network of distribution partners ANP also embraces an active role in the community, participating in several philanthropic activities throughout the year.
Company and product information are available at http://www.americannationalpayments.com
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