Castles Technology Buys Spire Payments

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Global payment solutions provider Castles Technology has acquired Spire Payments, a provider of electronic funds transfer at point of sale (EFTPOS) systems, the company announced in a Thursday (Oct. 1) press release.

With the acquisition, the company said, Castles Technology is now even more prepared to meet payment needs including in-store acceptance and value-added solutions.

The move “represents an important strategic move for the future of our businesses, as we continue to evolve and innovate to provide merchants acquirers with future-forward payments solutions,” Castles Technology Group CCO Jean-Philippe Niedergang said in the announcement.

He said the acquisition would add more choice for customers alongside new technical and security capabilities.

“Adding Spire Payments solutions and services, to Castles Technology product portfolio (Linux, Android, MiniPos, ECRPos, TMS, Market Place) provides a major platform for us to significantly expand our business reach into EMEA markets,” he said.

Castles Technology customers will benefit from having a local presence and more access to the new technology.

Headquartered in Taiwan, Castles Technology has regional offices in North America, Spain, Italy, Japan, China and Singapore to support global markets.

Demand for new kinds of payments, particularly digital and contactless in light of the pandemic, have been increasing for months now. Nandan Sheth, senior vice president and head of global digital commerce at Fiserv, recently spoke with PYMNTS about the permanence of the new changes to the payments ecosystem.

He said the broadest challenge would come from companies trying to implement omnichannel experiences – according to Sheth, companies will have to provide efficient experiences across virtual and physical platforms.

And, he said that the path forward would have to incorporate those left behind, including the 40 million Americans enrolled in the Supplemental Nutrition Assistance Program (SNAP) or the Special Supplemental Nutrition

Castles Technology Announces the Acquisition of Spire Payments

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PARIS–(BUSINESS WIRE)–Oct 1, 2020–

Castles Technology, one of the top global payment solutions providers which offers services to more than 50 countries around the globe, today announced completion of the acquisition of the business and assets of Spire Payments, the leading European based EFTPOS terminal solutions provider.

With the acquisition of the business and assets of Spire Payments, Castles Technology is now even better positioned to deliver market-leading payment solutions that simplify and enhance merchants’ businesses, from in-store acceptance services to value-added solutions.

Jean-Philippe Niedergang, Group CCO Castles Technology, says: “I am delighted to welcome Spire Payments’ customers and new colleagues to the Castles Technology family. This acquisition represents an important strategic move for the future of our businesses, as we continue to evolve and innovate to provide merchants acquirers with future-forward payments solutions.”

“This acquisition delivers a perfect match between the two companies, with complementary strengths bringing a new fresh approach to the payment market. Our collaboration will give customers unmatched choice, new technical capabilities, and enhanced security solutions to power their businesses forwards. Adding Spire Payments solutions and services, to Castles Technology product portfolio (Linux, Android, MiniPos, ECRPos, TMS, Market Place) provides a major platform for us to significantly expand our business reach into EMEA markets.”

Graham Lilleystone, Global Director of Operations at Spire Payments UK, said: “Joining Castles Technology was a natural, strategic fit for Spire Payments, as we already have a common customer-first philosophy, culture and innovative spirit.”

Sami Abugharbieh, Managing Director – Middle East, Africa and Southeast Asia at Spire Payments, added “We are excited to align with Castles Technology and focus on the evolution of our next generation solutions. This connection will allow us to better serve our customers, enhance our existing partner relationships and ensure we grow successfully, together.”

Castles Technology will