DPI Acquires ABI
DPI Merchant Services (DPI) recently acquired American Bankcard International 2000, Inc., (ABI). DPI, one of the nation’s largest privately owned processors, acquired ABI to provide traditional “brick and mortar” retail merchants with its proprietary payment solutions, including e-commerce services, DPISecure and USMerchant.com.
Robert Troyer, CEOP and President of DPI said, “We are very excited about the ABI acquisition because it represents our first initiative outside the direct marketing industry.”
Dan Wolfe, President of ABI, will continue to manage the 50 employees of ABI and has been appointed as a director on DPI’s board. With the purchase of ABI, DPI acquires 3500 retail merchant accounts and sales offices in Houston, Tempe, Phoenix, Denver and San Diego. DPI estimates that its portfolio will exceed 10,000 merchant accounts with processing volume of 1.1 billion by the end of 2001.
“Structurally, we will keep our retail and direct marketing division separate so as to not lose focus on the different payment processing solutions needed to service both the retail and direct marketing industries, said Troyer.
For more information visit www.dpicorp.com or call 888-541-9800.© Copyright 2001; The Green Sheet, Inc.
