Altair Financial Services International Plc (Altair) has acquired US based
Symmetrex, Inc. an international financial payments transaction processing
company with global reach across the Americas, Asia and Europe.
Working in association with MasterCardÂ® and Visa, Altair provides bespoke
white labeled Prepaid Card programs offering enhanced functionality in a
wide range of market segments.
“The acquisition of Symmetrex gives Altair the foundation and platform
infrastructure necessary to provide high availability, robust financial
applications,” declares Lee Britton, Altair CEO. “Altair will not only
benefit immediately from the low processing rates and quality of service
also it will allow us to utilize Symmetrex’s expertise in the rapidly
growing Prepaid Card market which is generating substantial revenues for
“We are extremely excited at the added dimension Altair brings to Symmetrex
and we will be utilizing Altair’s resources and additional functionality to
enhance our existing product range,” said Mike Besner, SVP Business
Development at Symmetrex.
Symmetrex, Inc. processing products include:
– Fully secure Internet payment gateway with client plug-in;
– Fraud and audit system for processing transactions through payment
– Secure customer control center for sending/receiving files to/from report
– Card processing programs for prepaid, stored value, payroll and health
– Fee payment distribution system incorporating distributor and agent
About Altair Financial Services International Plc
Altair Financial Services International Plc, was incorporated in 2005 as a
global provider of Prepaid Card solutions with enhanced functionality. The
company is headquartered in London with banking and processing
UK, USA, Asia Pacific and throughout the Latin America and Caribbean
and issues Prepaid Cards on behalf of MasterCardÂ® and Visa. Altair’s
solutions are designed to be flexible enough to offer companies a bespoke
solution with almost any type of prepaid card functionality, including open
and closed loop programs.