Spire Payments acquires Thyron and makes its debut in the Mobile Payment Market

March 4, 2013

Spire Payments is delighted to announce the acquisition of Thyron Payment Systems, a recognised leader in the mobile payments market.  The purchase, which concluded today, sees Spire Payments solidifying its position as the third largest player in Europe by providing a market leading Chip and Pin / PCI SRED certified mobile point of sale (MPOS) solution alongside the new range of Spire Payments terminals, due to be rolled-out in Q2 of 2013.

Under the terms of the agreement, Thyron will become a wholly owned subsidiary of Spire Payments UK Limited, and will become the focal point for Spire’s strategy on mobile payment technology and products.  Kazem Aminaee, CEO and President of Spire Payments, says of the move; “This is further proof of our commitment to deliver Spire’s product roadmap and business strategy.  At our industry launch event last September, I promised our customers that Spire Payments would bring a new range of terminals to market in 2013, including a product that would address the evolving MPOS market.  We are now following through on this commitment.”

Thyron was founded in 1989 and was most recently led by Michael Ault as Managing Director. Thyron has consistently been at the forefront of payment services technology with many ‘first to market’ products, such as the first contactless integrated GPRS mobile terminal and the first PCI 2.0 PINPad with SRED certified encryption.  Thyron’s latest product, the PosMate ® Smart, provides the only MPOS solution for the micro merchant truly deployed in the field and compliant with latest Visa recommendation for Mobile Payment applications. The device enables small enterprises such as plumbers, builders, gardeners and mechanics to accept card payments by integrating easily with Smartphones and tablets and is secure due to the PosMate’s®  PCI and EMV certification.  The solution has been adopted and largely deployed by the major UK PSPs and acquirers.

Aminaee adds; “The Thyron team are a highly focused and talented group of individuals with particular strength in the vital mobile sector, which will perfectly complement the existing skill sets we have within Spire Payments.  We welcome all Thyron customers to Spire Payments and look forward to a long and successful relationship.”

Michael Ault, Managing Director of Thyron confirmed; “The combination of Spire Payments and Thyron expertise and know-how in the payments space creates significant possibilities in terms of products and services.  This is truly exciting for the industry.”

Aminaee concludes; “It’s a wonderful start to 2013 and means Spire Payments is able to hit the ground running in terms of delivering a tried and tested EMV-compliant MPOS solution to our existing customers.  Expect more exciting acquisitions in the coming year; this is just the first of many.”

About Spire Payments

Spire Payments is one of the original pioneers to develop world-class secure electronic payment solutions.  Spire Payments continues to deliver excellent customer value by supplying a comprehensive range of fixed, portable and mobile payment terminals, as well as PIN pads and unattended terminals for integration with cash register systems and self-service kiosks.

As a true alternative in the payment terminals sector, Spire engenders trust and confidence due to its reliable payment terminals and secure, flexible solutions.

Currently with offices in the UK, Spain, Prague, Dubai and Hong Kong, and with some of Europe’s top financial and retail organisations among its customers, the Spire Payments team has been at the forefront of electronic payments for the past 30 years.

For more information please see www.spirepayments.com

Media Contacts:

SkyParlour PR

Kimberley Waldron

Director & Co Founder

Tel: 0161 817 8709

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Or,

Matthew Pears

Account Manager

Tel: 0161 817 8711

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Spokesperson

Kazem Aminaee CEO and President Spire Payments Limited

Kazem has held multiple executive positions over the last 20 years in the Electronic Payments and Smart Card industries, including Chief Marketing Officer and Head of Product Development of Ingenico Group and Senior Vice President, Financial Services EMEA, of Gemalto which makes him one of the most well-rounded and experienced executives in the payments space. Prior to Spire, Kazem held the position of President of Hypercom EMEA where he planned and implemented strategies that more than tripled revenues over a four-year period. Fluent in three languages, Kazem holds a Master‘s Degree in Engineering from the University of Orsay in France.

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