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Devinix, Inc. acquires easyDebit ePayment GmbH

10-24-2005 04:31 PM CET | IT, New Media & Software

Press release from: easyDebit ePayment GmbH

Devinix, Inc. has entered into an agreement to acquirer privately held easyDebit ePayment GmbH, a German based payment service provider specializing in domestic payment processing and risk management within the Germany market.

Under the terms of the agreement, Devinix will acquire easyDebit’s entire suite of payment processing services and portfolio (including direct debit, credit cards, invoice, prepayment, cash on delivery, and cash in advance), its risk management suite of services (such as credit review, scoring, address check, fraud protection, and blacklisting) and its account receivable management services (dunning, payment registration, invoice production, and collection services).

With the acquisition of easyDebit’s payment services, Devinix plans to accelerate its merchant services business by expanding its customer base within the German market. The combination of Devinix’s global payment platform with easyDebit’s German payment service will allow immediate access to global services for easyDebit clients.

“easyDebit’s payment service is a popular and market-proven German product that perfectly complements Devinix’s existing global payment service platform,” said James Byler, CEO of Devinix. “We’re thrilled not only to add the easyDebit technology, service and portfolio of market leading clients into the Devinix fold, but more importantly the addition of the easyDebit team to lead our efforts within the German market. This acquisition has accelerated Devinix’s position as the leader in global payments.”

André Boeder, easyDebit Managing Director agrees. “By joining Devinix, we can offer our clients a wider range of services on an international basis. What makes easyDebit unique is our ability to process popular alternative payments within Europe. With the Devinix partnership we can now extend that value to include North America and Asia Pacific. The easyDebit-Devinix joint-venture is definitely unique in its global approach.”

About Devinix, Inc.

Devinix, headquartered in San Diego, California, is the world’s only true Global Payment Service Provider. Leveraging its payment service expertise in North America, Europe, Asia Pacific, and Latin America, Devinix provides multi-national merchants a single point of contact for all multi-currency transactions. The company’s comprehensive Internet-based global payment service platform processes payments originating from various channels, such as the Internet, Call Centers, Point-of-Sale (POS) terminals, mobile POS, and mobile phones. The platform provides multilingual, end-to-end payment services that unify multicurrency and international payment methods into a single secure and easy-to-use solution. Additional services include reconciliation, reporting, risk management, tax calculation in 100 countries, subscription, cash disbursement and dynamic currency conversions.


About easyDebit ePayment GmbH

easyDebit ePayment, headquartered in Walldorf / Heidelberg, Germany, is a leading German Payment Service Provider. easyDebit offers a wide range of e-commerce services including credit card and alternative payment processing, account receivable services, risk management services as well as e-fulfillment services in Germany and Europe. easyDebit is a proven provider of best-in-breed commerce automation solutions backed by exceptional customer support.

More information is available at www.easydebit.de.

Contact:
easyDebit ePayment GmbH
SAP Partnerport
Altrottstr. 31
69190 Walldorf
Germany

Phone: ++49 6227-73-3630
Email: info@easydebit.de


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