Bluefin acquires TECS to integrate payments and data security solutions | Techno Glob


Atlanta and Vienna–(Business Wire– Bluefin, the recognized integrated payment leader in PCI-certified encryption and tokenization technologies that protect payments and sensitive data, today announced the acquisition of TECS Payment Systems, which provides best-in-class payment solutions for acquirers, payment service providers and POS systems. provider

Consumer demand for omnichannel payment options has grown at a staggering rate. According to Insider Intelligence, e-commerce is expected to reach sales $6.169 trillion in 2023, from $3.351 trillion In 2019, mobile payments are projected to grow from $1.97 trillion in 2021 to $11.83 trillion in 2028, reports Fortune Business Insights. Merchants need payment acceptance and processing technologies—whether personal contactless, digital wallets, mobile or online—that ensure data privacy and security.

Together, Bluefin and TECS will serve 34,000 connected merchants and nearly 300 global partners in 55 countries. The strategic combination expands the global footprint of both organizations. Bluefin and its customers gain omni-channel payments and SmartPOS capabilities that will integrate with the company’s existing payment and data security suite. TECS and its customers will benefit from the addition of data security solutions that meet the growing needs of large organizations, as well as additional resource investment in the innovative TECS product and solution suite.

Bluefin CEO John M. “We are delighted to welcome TECS employees, customers and partners to Bluefin,” said Perry. “This combination brings together two companies that continue to focus on meeting merchant needs for next-generation payment processing and management as well as secure exchange of PHI and PII data with PCI-certified encryption and tokenization.”

The TECS platform supports international card payments, fleet cards, account-based payments and digital wallets processed through personal, mobile, contactless and e-commerce channels. SmartPOS devices from Sunmi and Newland are offered through the company’s own AppStore and Terminal Management Systems (TMS). Gateway features include multi-currency processing, a robust fraud system, a gift card/loyalty program and a proprietary 3D Secure (3DS) solution integrated with card brands.

Bluefin specializes in PCI-certified point-to-point encryption (P2PE) solutions for point-of-sale (POS) transactions and ShieldConex® data security platform for payment tokenization, integrated payments encrypted and tokenized by personally identifiable information (PII). ) and protected health information (PHI) entered online.

“There was a natural synergy between TECS and Bluefin solutions and teams,” said Fazlollah Rostamian, founder and CEO of TECS. “We’re excited about what the power of our combined resources will mean for our customers and the many ways we can help businesses deliver the payment experience their customers demand.”

TECS will be integrated into the Bluefin team and will continue its Austria-based operations, managed locally by TECS CEO and founder Fazlollah Rostamian.

About Bluefin

Bluefin is a recognized integrated payments leader in encryption and tokenization technologies to protect payments and sensitive data. Bluefin’s product suite includes solutions for contactless face-to-face, call center, mobile, ecommerce, and contactless payments and data in the healthcare, higher education, government, and nonprofit industries. The company’s 200 global partners serve 20,000 enterprise and software clients operating in 47 countries. For more information, visit https://www.bluefin.com/.

About TECS

Founded in 2000, TECS provides omnichannel payment solutions for acquirers, payment service providers, POS system providers, independent software vendors and other merchant groups worldwide based on an open cloud-based payment platform. The TECS payment platform is integrated with over 100 technology partners, acquirers, processors and payment providers worldwide, including Fiserv, Global Payments, Worldline, EVO Payments and more, and provides 14,000 merchants in 17 countries with their in-store, unattended, mobile, and e-commerce solutions. . For more information, visit https://www.tecs.at/.



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