Fintech payment firm Valitor has purchased Chip & PIN Solutions, a provider of card based payments in the UK, in order to strengthen its direct merchant services solutions and improve the customer-centric service for merchants in the UK.
The latest acquisition comes less than two months after Valitor snapped up the UK-based payment specialist International Payment Services (IPS).
Now, Chip & PIN Solutions’ customers will get the advantage from unique merchant products, including the Mii-Promo marketing loyalty solution which is provided by Markadis, a Valitor-owned company.
For Valitor, the takeover brings in 7,000 merchants and clients such as Flybe, Virgin Trains, Domino’s Pizza and Weight Watchers.
Valitor CEO Vidar Thorkelsson said: “The acquisition of Chip & PIN Solutions is another highly strategic move for Valitor. It demonstrates our concrete commitment to become a major payments services provider for UK businesses.
“Chip & PIN Solutions has an outstanding reputation for providing high-quality service to over 7,000 customers including some FTSE 500 brands, and together with the excellent team at Chip & PIN Solutions we look forward to strengthening our market share and competitiveness in the UK payment services market.”