Flexible Electronics News

Ingenico Group to Acquire Paymark

Paymark is a New Zealand leader in payment processing.

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By: DAVID SAVASTANO

Editor, Ink World Magazine

Ingenico Group announced the signing of an agreement in order to acquire Paymark, a leading New Zealand payment network, for a global consideration of NZD 190 million ($140 million).   Based in Auckland and employing more than 150 people in New Zealand, Paymark has been processing secure transactions on behalf of banks and acquirers for more than 25 years. With over 1 billion transactions processed annually, the Paymark network is connected to all major card issuers and merchant acquirers and ...

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