BluePay, a Leading Chicago Merchant Account Provider, Acquires Eagle Point Financial
Top credit card processing company BluePay announces acquisition of Eagle Point Financial, providing further business opportunities for Eagle Point merchants and BluePay
CHICAGO – (08/08/11) - BluePay, a premier credit card processor, recently announced the acquisition of Eagle Point Financial, a credit card merchant with a large portfolio of high-end, boutique accounts and large volume restaurant accounts. The deal closed at the end of July and was acquired with the help of Preston Todd Advisors, leaders in M & A advisory services.
“We engaged Preston Todd Advisors because of their expertise in deal origination services in the payments and payment technology industries,” said John Rante, BluePay CEO. “Their targeted approach to identifying, qualifying and engaging potential acquisition candidates is unparalleled in the payments arena. I think it’s a testimony to Preston Todd’s ability to find unique under-the-radar opportunities for acquisition.”
Eagle Point merchants will now have access to the BluePay support team in addition to BluePay’s advanced security technologies and payment gateway, while key staff at Eagle Point will help BluePay bring in more large retail and enterprise level clients.
BluePay’s PCI secure credit card processing solutions include tokenization, which eliminates the need for storing sensitive data, and end-to-end encryption (E2EE), which encrypts credit card information from point of swipe to authorization. Other payment process products include ACH payments, mobile and wireless processing, secure hosted payment forms and more.
“BluePay offers advanced processing products with robust and enhanced security features,” said Rante. “Eagle Point staff can take advantage of BluePay secure, state-of-the-art technologies to go after large enterprise level accounts with PCI challenges. At BluePay, we are committed to maintaining the highest levels of data security to ensure merchants are fully protected as their business grows.”
About BluePay: Providing the highest level of data security in the industry, BluePay (http://www.bluepay.com) makes U.S. and Canadian credit card processing simple and fast. BluePay is a full-service, Tier 1 credit card processor based in Naperville, Illinois, with offices and data centers located across the U.S. The firm leverages extensive industry experience and a comprehensive suite of credit card merchant processing services to provide a complete system of credit card processing solutions with competitive rates. Follow BluePay on Twitter (http://twitter.com/BluePay) for company and credit card processing industry updates.