SECPay is a processor of real-time card payments for goods and services purchased over the internet and offers more than 3,500 web merchants a gateway into their choice of any UK acquiring bank for authorizing debit and credit card transactions.

The acquisition should prove a valuable addition to PayPoint’s existing payment service provider subsidiary Metacharge, which works with selected acquirers only.

SECPay enhances our position in the rapidly growing internet payments market and complements our recent acquisition of Metacharge, said Dominic Taylor, chief executive of PayPoint. We now have a full range of payment processing services to offer internet merchants and a significantly larger merchant base.