Austin Ventures Forms Payment Processing Platform

Austin Ventures has formed Century Payments Inc., a Dallas-based acquisition platform focused on the payment processing market. The company will be run by Robert Wechsler, an AV executive-in-residence who previously was an executive vice president and head of global sales and services for Chase Paymentech Solutions. AV is committing up to $50 million to the company, which already has made three acquisitions.

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