Optimal Payments (OPAY.L) has signed an agreement to provide gateway services to Vantiv (VNTV), a US provider of payment processing and related technology solutions. This should expand Optimal’s opportunities in the US and provide a partner for the anticipated opening of the US online gaming market.
Optimal has signed an agreement with Vantiv to provide gateway payment processing services to Vantiv’s US customer base. In the US, Vantiv is the third largest merchant acquirer by volume and the largest PIN debit acquirer, also by volume. For a gateway service, Optimal earns a fixed fee per transaction.
This agreement gives Vantiv access to Optimal customers who need a merchant acquirer in the US, and conversely will give Optimal access to Vantiv’s merchantcustomer base in the US. Vantiv could also be a key partner in the imminent opening up of the US online gaming market.
Separately, Optimal has announced a five-year agreement with MasterCard to promote its prepaid card in Europe. Optimal was recently approved as an issuer ofMasterCard pre-paid cards for its Net+ card. This agreement should help drive awareness and acceptance of the Net+ card within Europe.
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