Card novels 11-13-2002 Paymentech...

Card novels

11-13-2002

Paymentech purchases Scotiabank's Merchant Acquirer and Smart Card Point-of-Sale Business

ISSN: 08940797
Publication Date: 11-13-2002
Page: 1
Type: Periodical
Language: English

Paymentech Nov. 4 announced that it has purchased Scotiabank's Merchant Acquirer and Smart Card Point-of-Sale business effective October 31 2002 Scotiabank will report a clear gain of C$80 million, after tax, in its fourth quarter as a conclusion of this transaction. enthrall to certain performance standards, additional incomes will be earned by Scotiabank in to come periods. Under terms of the