Payments
AEVI, Mastercard simplifying omnichannel shopping
March 30, 2021
London-based AEVI, a payments integrator, and Mastercard Payment Gateway Services are working together to simplify the omnichannel shopping experience. By providing easy access to any payment technology and business solution, the partnership will help banks, acquirers, PSPs, ISOs and ISVs drive digital efficiency and innovation across their payment experiences, according to a press release.
"The commercial relationship and equity investment between Mastercard and AEVI will help accelerate AEVI's goal to become an industry-standard platform for face-to-face payment integration," AEVI CEO Mike Camerling said in the release. "AEVI will be better positioned to support all of its customers and to pursue more market opportunities and to do so more rapidly."
AEVI provides an open platform that is device and solution independent to integrate payments and data across all customer channels. This platform, combined with MPGS' encompassing digital gateway services will offer merchants a way to bring payments across multiple touchpoints in-store and online and straight to where the customer, Keith Douglas, EVP of MPGS said in the release.
"More than ever, we see the convergence of digital and physical payment channels as a key driver in enhancing customer experience," he said. "We'll look to lean into this collaboration and expanded relationship to support our shared merchant customers and partners in their efforts to grow and strengthen consumer relationships."
The companies will initially focus on Europe with further expansion opportunities to come. In addition to the commercial relationship, Mastercard will become a minority investor in AEVI, along with existing shareholders Diebold Nixdorf, HPE Growth Capital and Schroder Adveq, with Diebold Nixdorf remaining as the majority shareholder. Financial terms of the companies' investments were not disclosed.
"We are pleased to welcome Mastercard as a co-investor into AEVI, and for their interest in working jointly on this rapidly developing area," David Caldwell, SVP strategy & corporate development, Diebold Nixdorf said in the release. "Mastercard's global perspective will be an important contributor to AEVI's growing capabilities in meeting the needs of a wide range of its customers."
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Diebold Nixdorf
As a global technology leader and innovative services provider, Diebold Nixdorf delivers the solutions that enable financial institutions to improve efficiencies, protect assets and better serve consumers.
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