CT-Payment announces the acquisition of CPSN-RPVQc

With this acquisition, CT-Payment re-enforces its leading position in the Canadian payment processing industry.

REPENTIGNY, QC, Feb. 3 /CNW Telbec/ - Denis Savard, CT-Payment's CEO and founding President, the largest independent payment processing company in Canada, is proud to announce the acquisition of CPSN-RPVQc, a Quebec-based company specialized in providing payment solutions to independent merchants (ISO) and, at the same time, the nomination of Mr. Robert Rioux, founding President of CPSN-RPVQc, as Vice-president, Business Development of CT-Payment.

"This transaction is an opportunity to integrate CPSN's products and services to CT-Payment's portfolio and to join together complementary competencies and expertise in the credit and debit card payment solutions. This alliance will strongly benefit the clientele of both organizations", says Mr. Denis Savard.

Mr. Robert Rioux indicates that "… for CPSN's clients, this transaction means that they will now be integrated to CT-Payment's network with the benefit of an optimized service and the reliability of CT-Payment's transactional network."

Therefore, CPSN-RPVQc will no longer work as an Independent Sales Organization (ISO) but its expertise in this field will allow CT-Payment to better serve all its clientele. The synergy this alliance brings will provide multiple benefits to all CT-Payment's ISO, large merchants or independent merchants:

  1. Access to a new and exclusive POS terminal, EMV certified, called Evolution. It allows payment with credit and debit cards, and will soon be offered with a « contactless » option. It integrates all communication protocols (dial-up, IP, GPRS, Wi-Fi) and works in stand-alone or semi-integrated modes.
  2. Access to a new transaction management tool for merchants, through a personalized secured website.
  3. Access to new products, such as the "Virtual Terminal", ideal for micro-enterprises and those making sales over the phone.
  4. Access to a gift-card program integrated to the Evolution terminal, that can be managed remotely or directly by a merchant.
  5. Access to a loyalty program with in-store redeemable points through the Evolution terminal.
  6. And all the advantages for merchants of using a payment processor independent from financial institutions, allowing CT-Payment's partners and clients to be more competitive on the market.

About CT-Payment Inc.,
Born from Central Tax Inc., CT-Payment Inc evolves mainly in the credit and debit card payment processing solutions, and in the field of electronic payment and management of property tax accounts. Because of its independence from Canadian financial institutions and acquirers, CT-Payment aims at changing the rules on the Canadian electronic payment market in favour of merchants and retailers. For more information, visit: www.ct-payment.com

SOURCE CT-Payment Inc.

For further information:

André Desjardins
Director, Marketing and Communications
534, Notre-Dame St., Suite 240
Repentigny, QC J6A 2T8
Telephone: 514.316.8293 / 877.341.8293
Fax: 450.657.7943

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CT-Payment Inc.

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