Abanco International Sells Merchant Account Portfolio

ROSEMONT, Illinois--Abanco International, LLC, a trusted provider in electronic commerce and payment services has officially completed the sales of its merchant portfolio to Cynergy Data. This deal transfers the merchant accounts asset, including the related sales and service support along with the Abanco payment gateway, to Cynergy Data, New York.

This transaction did not include the sale of Abanco's Mobile Data Technology (MDT) products and services. Abanco intends to continue the marketing, development and integration of this wireless connectivity solution. MDT is an all-in-one payment processing application that has been successfully deployed by several airlines.

About Abanco International, LLC

Abanco International, LLC, headquartered in Rosemont, Ill., delivers highly customized, vertical specific solutions to meet the needs of industries such as healthcare, airline, golf and others. These innovative solutions leverage Abanco's core data transaction processing infrastructure resulting in unique applications such as an airline carrier's "Food for Sale" in flight retail environment. Abanco International, LLC is privately held. Company and product information are available at www.abanco.com.

Contacts

Abanco International, LLC
Julie Acciardo (Marketing Manager), 847-227-2362
jacciardo@abanco.com