Denver, CO, 06/11/2014 (Stocksntrade) – KeyCorp (NYSE:KEY) recently announced that SuperPay Australia Pty Ltd has now acquired it. The latter is a 100% -owned owned Nordic Capital. These new owners bring very demonstrable expertise in effectively building a much larger scale payment-services business. This could be by acquisition of businesses/ capability sets, and the establishment of various new partnerships with the customers. They will also help in entering various new geographical markets or even by attracting the best available people will add to the company’s growth.
For instance, Nordic Capital has for some time, been investing into the current payments sector for the past decade and most notably via Point, which is one of the largest payment-service providers in Europe. This very significant change now heralds the start of a very exciting time for KeyCorp (NYSE:KEY) as it also provides very industry specific resources for the company to fulfill the ambition to provide a much broader & deeper set of payment-services capabilities to this industry.
The Ideal Approach
This change in ownership also fundamentally accords with KEY’s current “services- first” approach for delivering much better outcomes for customers, staff & the key partners. The company has also established a reputation for innovation and high quality service as well as reliability and the customer-orientation that is second to none. Along with Nordic Capital’s backing, the company will also continue to uphold all the principles in its next-stage of growth which will benefit the company’s customers, as well as their customers beyond.
In separate news, recently, the company announced that it has now introduced into the market of completely new range of payment-terminals. These are compliant will all the local payment-security mandates and are based on an open and secure operating system. They also offer great flexibility in application-development that is very superior to traditional hardware offerings.