Barclays to Sell Stake in Payment Acceptance Business to Brookfield

Barclays and private equity firm Brookfield Asset Management partnered to grow Barclays’ payment acceptance business and transform it into a standalone entity.The partnership brings together Barclays’ client relationships and payments experience in the United Kingdom and Brookfield’s expertise in payments, technology, operational transformation and corporate carve-outs, the companies said in a Thursday (April 17) press release.Together, the companies will focus on expanding the payment acceptance business’ ...