easycash, a Germany based payment service provider, has bought the German merchant Point of Sale (POS) portfolio of RBS WorldPay GmbH, the German domestic acquiring arm of the Royal Bank of Scotland. The portfolio consists of several merchant relationships.
Reportedly, through this acquisition, easycash actively enters into the credit card acquiring market and completes its choice of products in this area with a full offering of credit and debit card acquiring services. Moreover, this purchase will enable easycash to offer merchants credit card acceptance for MasterCard and VISA in future. The service provider for payment and loyalty solutions will also offer a comprehensive debit and credit card acquiring, in future.
Additionally, easycash will take over the 16 employees of RBS WorldPay GmbH’s German POS acquiring business.
Siegfried Heimgärtner, CEO of easycash GmbH, said: “The takeover of the German merchant Point of Sale (POS) portfolio of RBS WorldPay GmbH is an important milestone in the business development of easycash. By way of this, we are able to instantly enter the acquiring market for credit card acquiring as well. It enables us to offer the full range of all card-based payment forms with a one stop offering.”
