Visa acquires Payment Gateway Payworks
Munich, Germany & San Francisco, United States: Visa has acquired Payworks, a Munich-based provider of next-generation payment gateway software for the Point of Sale (POS).
Visa will bring Payworks’ cloud-based solution for in-store payment processing together with its CyberSource digital payment management platform to create a fully integrated payment acceptance solution for merchants and acquirers.
The joint offering will provide acquirers and payment service providers with a modern, fully white-labeled omnichannel payment management platform.
The combined capability will enable Visa’s clients to offer a unified payment experience whether their customers are paying in-store, in-app or online. The acquisition builds on a strategic partnership and investment Visa made in Pay...