P+P advises Payworks on sale to Visa

Payworks is a software provider for payment gateways and optimizes the direct payment link, i.e. face-to-face payment connectivity. The company was founded in Munich in 2012; according to its own reports, it has over 100 employees in Munich, New York, London and Posen (Poland).

After the purchase, Visa wants to integrate the Payworks technology with its own payment infrastructure. Under the name CyberSource, the American company already provides a software platform for processing credit card payments. Using CyberSource's combination of the market-leading e-commerce and mobile payment functions with Payworks' cloud-based architecture, Visa's retailer and buyer customers can carry out face-to-face transactions through a single integration for many POS terminal types.

P+P Pöllath + Partners advised Payworks on all legal matters with the following team:

• Dr. Michael Inhester (partner, lead, M&A, venture capital, Munich)
• Daniel Wiedmann (associated partner, anti-trust law, Frankfurt
• Adalbert Makos (senior associate, M&A, venture capital)
• Andreas Kühnert (senior associate, M&A, venture capital)