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IndustryUpdate

Visa forges alliance with Active Ingenico purchases SST

Active Network signed a multi-year agreement with Visa Ingenico Group acquired the payment activities of
to deliver Visa Checkout across its global activity and Ukrainian partner BKC. BKC's shareholders and Ingenico
event registration platforms. The agreement also entails reached an agreement for the sale of its Systems of
mutual investment in digital, cross-promotional market- Secure Transactions business unit to Ingenico, through
ing activities. "With the integration of Visa Checkout the acquisition of 100 percent of the shares of a newly
across Active's online and mobile properties, even more created legal entity. Oleg Zhukov, Director of SST, said,
consumers will have a safe, secure, and seamless way to "Becoming part of the [Ingenico] Group will increase
use their Visa card online," said Sam Shrauger, Senior our ability to serve Ukrainian banks and retailers with a
Vice President, Digital Solutions, Visa. complete payment offering."

ACQUISITIONS Vantiv to acquire Paymetric
Vantiv entered an agreement to acquire Paymetric, a
Fleetcor buys Cambridge Global Payments portfolio company of Francisco Partners. Headquartered
in Atlanta, Paymetric automates B2B payment work-
Fleetcor Technologies Inc. signed a definitive agreement flows and tokenizes payments data within enterprise
to acquire Cambridge Global Payments. Toronto-based systems. "By becoming part of Vantiv, we will be able to
Cambridge, founded in 1992, processes over $20 billion accelerate the development of our advanced payments
in business-to-business (B2B) cross-border payments integration and security solutions," said Asif Ramji,
annually, helping 13,000 business clients make interna- President and CEO of Paymetric.
tional payments to suppliers and employees. Fleetcor
expects the acquisition to drive growth in its B2B cross-
border market segment.