Acquiring

Worldpay To Acquire SecureNet Payment Systems

Worldpay, a global provider of payments technology and services for merchants, partners and developers announced Tuesday (Nov. 11) that it has acquired SecureNet Payment Systems. This move, which is expected to be finalized in December, will position Worldpay to bring its client base integrated payments and multi-channel commerce technology from SecureNet.

“We are excited about this next chapter with Worldpay as it provides a unique opportunity for us to bring a truly differentiated proposition to more partners and more merchants and to continue to drive technical innovation in the industry,” Brent Warrington, CEO of SecureNet, said in a company news release. “On behalf of the entire SecureNet team, allow me to be the first to say just how excited we are to join forces with Worldpay.”

SecureNet is a multi-channel commerce technology company known for pioneering the payment industry’s only cloud-based solution that integrates POS, mobile and e-commerce payments processing, inventory management and data analytics for merchants, according to the news release.

“We can uniquely accelerate the delivery of an integrated, omni-channel payments environment to the market by combining SecureNet’s innovative software integration with Worldpay’s direct acquirer distribution advantages and partnership management strengths gained by our recent acquisition of Century Payments,” Tony Catalfano, CEO of Worldpay US said in the news release. “As the US leader in modern money, this also gives us a differentiated ability to offer actionable, SKU-level data insights to our customers to help them grow their businesses.”

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New PYMNTS Report: Preventing Financial Crimes Playbook – July 2020 

Call it the great tug-of-war. Fraudsters are teaming up to form elaborate rings that work in sync to launch account takeovers. Chris Tremont, EVP at Radius Bank, tells PYMNTS that financial institutions (FIs) can beat such highly organized fraudsters at their own game. In the July 2020 Preventing Financial Crimes Playbook, Tremont lays out how.

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