JP Morgan to acquire Renovite Technologies.

JP Morgan, a company across banking, markets and securities services, agreed to acquire Renovite Technologies, a company which develops and delivers the next generation of consumer payments solution for banks, processors, and merchants. Financial terms were not disclosed. “We are excited to acquire Renovite and accelerate our roadmap for helping our clients stay at the cutting-edge of payments innovation. This acquisition will help us achieve our goal to develop the next-generation payments processing platform globally,” Max Neukirchen, JP Morgan Global Head of Payments & Commerce Solutions.