Point acquires TS3 services

Point, the European provider of electronic payment solutions, has acquired secure

transaction specialist TS3 Services.

Point said the merger would strengthen its UK position, with TS3’s solutions and expertise complementing those of Comidea, Point’s existing UK business.

Johan Tjärnberg, CEO, Point said: “TS3 has a strong reputation as a trusted and innovative service provider in the UK market, with a management and operational team that brings additional capabilities and strengths to Point.”

Bill Tennent, managing director of TS3 commented: “Becoming part of Europe’s leading and fastest growing payments service provider will allow us to develop our market position more quickly and from a stronger, international base which will clearly benefit both our current and future customers. Our solutions and skill set complement those of the other parts of the Point group and we look forward to contributing to the Group’s continued success.”