Stone Pagamentos is the new owner in Brazil of the Elavon/Citibank merchant card acquiring joint venture. After five years in business, Elavon do Brasil ranked fifth largest among acquirers in Brazil based on the number of Visa and MasterCard transactions processed. Stone Pagamentos is majority-owned by private equity investor Arpex Capital. In Latin America, Elavon continues to acquire card payments from merchants in Mexico and Puerto Rico. Concardis, which ranked 36th largest among Europe’s merchant acquiring businesses in 2015, has purchased International Cash Processing (ICP) in Germa...