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In July 2013, Vantiv announced an agreement to acquire privately held Element Payment Services. [17] Element is a provider of fully integrated PCI DSS compliant payment processing solutions for merchants and business management software providers. [18] On May 12, 2014, Vantiv confirmed a $1.65 billion acquisition of Mercury Payment Systems LLC ...
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The vast majority of transactions made when a customer uses a card to make a payment in a store use ISO 8583 at some point in the communication chain, as do transactions made at ATMs. In particular, the Mastercard , Visa and Verve networks base their authorization communications on the ISO 8583 standard, as do many other institutions and networks.
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Net Element International to Acquire Unified Payments, a Leading Provider of Payment Services Recognized by Inc. Magazine as the Fastest-Growing Company in the U.S. in 2012 Proposed Acquisition ...