NMI, which provides payments enablement technology for independent sales organizations (ISOs), independent software vendors (ISVs) and value-added resellers (VARs), said Tuesday (Feb. 20) that it has agreed to acquire Creditcall, a payments gateway and EMV solutions provider based in Bristol, England.
The combined entity, NMI said in a release, will account for more than $45 billion of payment volume globally, more than 165 processor integrations and 100-plus device certifications.
In the release, the company said the acquisition — where financial terms were not disclosed — “reflects the ongoing growth investment and commitment of NMI’s investors, Francisco Partners and Great Hill Partners.”
NMI said Creditcall will help expand its global presence and boost access into new markets. The acquisition will also help NMI differentiate itself from traditional payments gateway providers through the expansion of omnichannel and EMV capabilities, “creating a one-of-a-kind payment gateway platform” across retail, eCommerce, mobile and unattended channels.
In an additional detail tied to the deal, NMI said that its partners and Creditcall’s partners will be able to obtain all card-present and card-not-present payment technology from a single vendor and across a single platform for their merchants.
In a statement, Roy Banks, chief executive officer of NMI, said “the payment technology requirements of today’s merchants are more complex than ever — they need to accept and process payments in all sales channels and environments. The need for a single vendor and platform that seamlessly integrates and simplifies the complexities of card-present and card-not-present payments has never been greater, and the combination of NMI and Creditcall will finally deliver a true omnichannel solution.”