Billing System Corporation (TSE:3623) concluded a contract to acquire credit card payment agency business for EC site operators from Loyalty Marketing, Inc. for ¥330 million on September 11, 2015. Loyalty Marketing, Inc. will split the credit card payment agency business for EC site operators into a new company named as QCS Co., Ltd. on November 2, 2015. The Board of Directors of Billing System Corporation passed a resolution for the transaction on September 11, 2015 and the transaction is expected to complete on November 2, 2015. The advisory costs are estimated to be ¥5 million. Billing System Corporation (TSE:3623) cancelled the acquisition of credit card payment agency business for EC site operators from Loyalty Marketing, Inc. on September 11, 2016.