As a result of the acquisition, WorldPay will be able to provide its online merchants with access to card, alternative payment and fraud prevention services via a single technical connection. Envoy will further operate its current business model while the existing Envoy management team will join the WorldPay’s e-commerce business unit.
Envoy Services provides a single point access to local payment and collection services worldwide. The company covers alternative payment acceptance via a global network of over 200 local bank accounts and 40 alternative payment services as well as a fraud screening service.
Financial terms of the deal have not been disclosed yet. WorldPay is expected to close the acquisition deal in May 2011.
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