WorldPay noted that the acquisition will boost its strategic partnership model and offer advanced sales tools and analytics.
This transaction is the result of a long-standing relationship between WorldPay and Century Payments. As the businesses integrate, this deal will open up the future prospect of new and innovative services for customers in both the firms, according to WorldPay.
Commenting on the acquisition, WorldPay US CEO Tony Catalfano said that the acquisition of Century Payments is a vital milestone in the company’s continued US growth strategy.
"Combining these two world-class businesses allows us to leverage the considerable strengths of both organizations to the benefit of our clients and further strengthens both our competitive positioning and overall value proposition," Catalfano added.
Financial Technology Partners and FTP Securities acted as the exclusive financial and strategic advisor to Century Payments.
In March this year, the company purchased global card payments service company YESpay, for an undisclosed sum, in a bid to boost its online and mobile payment capabilities in the UK.
Headquartered in London, WorldPay processes over eight billion transactions annually worth over £3bn, manages offices in the UK, Europe, US and Asia, and is able to accept payments in 120 currencies.
Headquartered in Frisco, Texas, Century Payments operates as an electronic payments company and processes nearly $12bn worth of transactions in annually.
