US Bank Acquires Genpass
US Bank announced this afternoon that it has purchased Genpass, making US Bank the second largest third-party ATM processor in the US.
"This transaction makes U.S. Bank a leader in every major payment processing business and creates a foundation for future growth," said Pamela Joseph, vice chairman of U.S. Bancorp, who leads the company's payment services businesses."U.S. Bank has a long history of innovation and growth in the payment services industry and the acquisition of Genpass affirms our commitment to grow all aspects of the payments business. U.S. Bank brings scale, capital, expertise, and new products to the Genpass customer base, while maintaining the highest commitments to quality."
Add your comment... (note that all comments are reviewed before they're published)