The business consolidation will be beneficial for both firms, as the new entity will be in a better position to offer services with secure gateway solutions leveraging technologies of both companies, claims Capital Payments.

Capital Payments president and CEO John M Perry said payment processing technologies have advanced and modern day businesses need a much higher level of security as well as a variety of options to keep up with the growing consumer demand for electronic payment processing.

"With Bluefin’s proprietary gateway, we can offer our current and future partners and merchants a sophisticated, easy to use, all-in-one payment processing solution with standard products, such as debit, credit and ACH (Automated Clearing House), with the added benefit of more secure capabilities," Perry added.

The company said that its Bluefin gateway is being integrated into Capital Payments’ product line, while it is going to release the latest version of its mobile offering through the gateway later this summer.

Capital Payments offers debit/credit card acceptance, ACH processing, recurring billing, and PCI Compliance, among others in the US and Canada.

Bluefin Payment Systems specializes in providing secure payment gateway solutions to including end-to-end encryption for POS transactions, transparent redirection, hosted pay page, store and convert processes and PCI consulting for large companies.