Two companies from either side of the Atlantic are merging in hopes of becoming a stronger force in the development of prepaid card systems.

The companies, GiroVend of London and Debitek Inc. of Chattanooga, Tenn., have done most of their work in internal, closed-payment systems. For example, Debitek was a supplier to pilot projects at Chemical Bank in New York and CoreStates Bank in Philadelphia, in which employees were given cards for use in cafeterias and vending machines.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.