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Article: BSERV PURCHASE FILLS REAL-WORLD CARD GAP.(BServ Inc.)(Commerciant LP)(Brief article)

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Cardline
Article date:
May 8, 2009
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BServ Inc., which offers wire funds transfers and online-transaction services, is expanding into the mobile-payment market, reports American Banker, a CardLine sister publication. The privately held, San Francisco-based company, which does business as BankServ, said Monday it has acquired the assets of Commerciant LP, a Houston-based developer of a handheld card- acceptance device and processing technology, for an undisclosed price. BServ handles credit card and automated clearinghouse payments for 3,300 biller-direct Internet bill-payment clients, along with remote-deposit transactions, for 25,000 users of its DepositNow imaging technology, says David F. Kvederis, BServ ...

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