Creditcall Explained

Creditcall Limited
Type:Private
Key People:Vijay Sondhi, Nick Starai, Matt Schmidgall, Jeremy Gumbley
Foundation:1996
Location:Bristol, UK
Area Served:UK, Europe, North America
Products:EMV, Contactless payment, Payment gateway, E-commerce, M-commerce, Vending, Parking, ATM
Homepage:www.nmi.com

Creditcall (now NMI)[1] is a payment service provider and payment gateway with offices in the United States and UK, providing credit card authorisation and settlement services to banks and processors in the United Kingdom, United States and Canada.

History

Creditcall Limited, originally Creditcall Communications Limited, was founded in 1996. Later, a North American subsidiary, Creditcall Corporation, was incorporated in 2005. The name Creditcall is derived from the name of Creditcall's first product, a telecommunications service that enabled callers to bill telephone calls to their credit or debit card.[2] Creditcall won 3i's Business Catapult Award in 1998 along with an initial investment in the company.[3]

In 2012 the management team completed a management buyout of the company backed by FF&P Private Equity and Bestport Ventures.[4]

On 21 April 2014 Creditcall was awarded the Queen's Award for Enterprise.[5] [6]

Acquisition

In March 2018, Creditcall was acquired[7] by US-based payments' technology company NMI. NMI is headquartered in Schaumburg, Illinois, with offices in Utah, New York, and Bristol, UK. NMI is backed by US private equity firms Insight Partners, Great Hill Partners and Francisco Partners.

External links

Notes and References

  1. Web site: 2018-02-20 . NMI Agrees to Acquire Creditcall to Expand EMV and Omnichannel Capabilities . 2023-02-10 . www.businesswire.com . en.
  2. Web site: Creditcall . Money 20/20 . 13 September 2016 . https://web.archive.org/web/20170708023543/https://www.money2020.com/companies/creditcall . 8 July 2017 . dead.
  3. Web site: Golin. ResponseSource Press Release Wire. 2019-10-27.
  4. Web site: CreditCall completes management buy-out. 2012-03-05. Finextra Research. en. 2019-10-27.
  5. Web site: Bristol businesses awarded Queen's Awards for Enterprise | Bristol Post . 2014-04-26 . https://web.archive.org/web/20140424063613/http://www.bristolpost.co.uk/Bristol-businesses-awarded-Queen-s-Awards/story-20988627-detail/story.html . 2014-04-24 . dead .
  6. Web site: List of 2014 Queen's Awards for Enterprise winners. Financial Times. en-GB. 2019-10-27.
  7. Web site: NMI Completes Acquisition of Creditcall. 2020-11-03 . nmi.com/ . 5 March 2018 . en-US.