Italy’s SIA Acquires Emmecom To Build European Payments Infrastructure
SIA, an Italian payments processor, announced it has acquired telecom firm Emmecom as part of its new launch of a network service for European banks and merchants. SIA will use Emmecom to develop a single technology infrastructure to operate in Europe. This technology aims to help manage multi-channel POS payments, which will ideally help simplify the process between merchants and EU banks.