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6 Things To Know About ScanSource's Proposed Acquisition Of POS Portal

ScanSource says it plans to purchase payment devices distributor POS Portal for $144.9 million. Here are six things solution providers need to know about the deal.

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Partners Can Expect To Benefit

While large retailers have the ability to transition to EMV relatively quickly, millions of smaller companies have not yet made the jump.

By acquiring POS Portal and investing a substantial amount of capital in expanding its payments channel capabilities, ScanSource expects businesses will be able to make the EMV switch faster because of POS Portal's reputation as a trusted payments partner that can provide and service intricately configured payment devices.

That, in turn, would also benefit solution providers.

"Peak [UpTime] is delighted to see ScanSource furthering its portfolio with the acquisition of POS Portal," said Gordon Martin, president of ScanSource partner Peak UpTime. "As digital transformation continues to drive integrated systems and corresponding security requirements, having a secure payments alternative with ScanSource adds value for solution providers. As a leader in point-of-sale, ScanSource continues to strengthen its portfolio, and has the unique ability to bridge with secure networks and compute options."

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