Lynk Systems Merchant - PDF

Document Sample
Lynk Systems Merchant - PDF Powered By Docstoc
					Lynk Systems, Inc. Acquisition Completed by Royal Bank of Scotland
Lynk Becomes Part of the 6th Largest Bank in the World

ATLANTA, September 16, 2004 - Lynk Systems, Inc. (“Lynk”), a leader in electronic commerce and payment services,
today announced that its acquisition by the Royal Bank of Scotland (“RBS”) for $525 million has been completed.

“We are delighted for Lynk to join the RBS Group,” said Tony Surridge, Managing Director – RBS Retailer Card Services.
“The technical expertise and management team at Lynk are key to RBS growing it’s market share in the United States.
Lynk will further enable us to leverage potential synergies from Citizens’ US market presence.”

The RBS Group has become the third largest merchant acquirer in the world, bringing together two leading providers in
electronic payment processing. While Lynk leads the U.S. market in merchant processing; RBS’s Streamline is the market
leader in the U.K. and Europe.

"We look forward to the strategic integration of Lynk into the RBS family,” said Edward Uzialko, Lynk’s Founder and Chief
Executive Officer. “The combination of RBS’s financial strength, Citizens Bank’s broad geographic presence and Lynk’s
operating platform will be a powerful force in the merchant acquiring and ATM processing marketplace. That includes
maximizing the synergies and relationships we already have in place with other RBS entities, such as Citizens Bank, as well
as breaking new ground in the payment processing industry.”

About Lynk Systems, Inc.

Lynk employs 550 at its Atlanta headquarters and has a national network of 400+ sales employees. A single-source, full-
service provider of electronic payment processing services (including credit, debit, EBT, gift cards, customer loyalty cards,
checks and more), Lynk utilizes proprietary in-house technology providing control of costs, scalability and a superior
quality of service to its customers. Lynk is considered the 6th largest non-bank acquirer and the 9th largest merchant
acquirer in the U.S. market. In addition, Lynk is the 3rd largest processor of ATMs in the U.S.

Founded in 1991, Lynk has received numerous industry quality service awards and earned recognition as one of the
fastest-growing private companies in America.

About Royal Bank of Scotland Group, plc

The Royal Bank of Scotland Group plc is one of the world’s largest banking and financial services groups, with a market
capitalization of £49.8 billion at the end of June 2004. Headquartered in Edinburgh, the Group operates in the U.K. and
internationally through its two principal subsidiaries, The Royal Bank of Scotland plc (“the Royal Bank”), and National
Westminster Bank plc (“NatWest”). Both the Royal Bank and NatWest are major U.K. clearing banks whose origins go back
over 275 years. The Royal Bank of Scotland’s domestic interests includes Citizens Bank, one of the 10 largest commercial
holding banks in the United States. The Group has a large and diversified customer base and provides a wide range of
products and services to personal, commercial and large corporate and institutional customers. For further information,

Media Contacts
Norma J. Wayco,
Senior Vice President
Chief Marketing Officer
Lynk Systems, Inc.

Description: Lynk Systems Merchant document sample