Transaction Services Group buys UK payments processor Harlands

Acquisition is the second in six months as New Zealand-based TSG buys its way into UK and European markets.

New Zealand-based recurring payments systems provider Transaction Services Group (TSG), owner of Debitsuccess, has bought a second UK payments provider, Harlands Group.

TSG bought UK-based DFC last September as it seeks to expand to manage subscription payments in overseas markets.

TSG chief executive Craig Marshall said the acquisition will see TSG collect approximately NZ$2 billion of collections a year from two million customers worldwide via its companies – Debitsuccess and FFA Paysmart in Australasia, and UK based DFC and Harlands Group.

Marshall earlier told direct launches are also planned into India and the US before the end of the year.

Harlands Group is a Haywards Heath, West Sussex-based provider of business process outsourcing with expertise in direct debit and collections management. It implements a range of outsourcing solutions for many UK and European gym chains as Debitsuccess does downunder.

Both Harlands Group and DFC will continue to operate as independent entities, TSG said.

Marshall said the "subscription economy" is revolutionising the way organisations collect recurring payments, driven by customer demand for convenience and flexibility.