First Data, a US-based payment technology solutions company, has wrapped up the takeover of BluePay from TA Associates and BluePay management.
BluePay offers technology-enabled payment processing for merchants in the US and Canada. The company was one of First Data’s largest distribution partners with a focus on software-enabled payments and Card-Not-Present transactions.
BluePay processes around $19bn of annual sales volume for over 77,000 merchants and is integrated into more than 450 software platforms.
BluePay also provides software integration solutions that complement those offered through First Data’s CardConnect business.
Commenting on the acquisition, First Data chairman and CEO Frank Bisignano said: “The addition of BluePay’s integrated Card-Not-Present solutions to CardConnect’s cutting-edge ISV product suite affords First Data a unique and comprehensive offering in the high-growth integrated payments space.
“Importantly, this acquisition will also allow us to enhance our service offerings to our JV alliances and other distribution partners.”
Bala Janakiraman CEO of BluePay will continue to manage BluePay operations.