CreditCall completes management buy-out with backing of FF&P Private Equity and Bestport Ventures

Building business

According to CreditCall, a payment technology and processing service provider, the change of ownership comes after years of continued growth during which the company expanded into new territories and market segments such as EMV software and mobile PoS (view press release).  The executive team reinvesting in the company, Peter Turner, Jeremy Gumbley and Sian Bosley, are now focusing on certain development opportunities they consider key such as a chip and PIN card acceptance solution for Blackberry and Android smartphones and EMV chip technology migration solutions in the US.

Peter Turner, CEO of Credit Call, says management chose to partner with FF&P and Bestport due to their approach to building business, and said “we are excited by the opportunity to increase revenue substantially in CreditCall’s current and emerging markets.” James Stoddart of Besport Ventures points out that “the market dynamics are exciting with the predicted total value of all mobile payment transactions expected to be in excess of $50 billion worldwide by 2014. CreditCall is ideally positioned to take advantage of the SME and Corporate segment of this market, as it helps turn mobile phones into PoS terminals.”

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