Prepaid card supplier Emerchants is moving into the North American market, with the acquisition of Store Financial Services.Emerchants will pay US$35 million for Store Financial, which is a provider of stored value programs, including shopping mall card programs and gift cards in the United States and Canada.The company said in a statement to the Australian Securities Exchange that Store Financial has been profitable since 2009 and the acquisition would be EBITDA accretive immediately.Emerchants reported revenue of A$10.6 million for the six months to December. It expects Store Financial to contribute A$33 million of revenue in the first 12 months.Over the past few years Emerchants has focused on building a business in the United Kingdom and Europe, where its business includes the supply of "winnings cards" to a number of gaming companies.The move into North America gives it access to the world's biggest prepaid card market; about US$715 billion is expected to be loaded onto prepaid cards in the US this year.Emerchants said Store Financial had made significant investments in digital and mobile delivery platforms, which Emerchants could use in its Australian and European operations.Emerchants is making a $58.5 million share placement to fund the acquisition and to hold cash on its balance sheet "for additional growth-oriented investment."The deal is expected to be completed early in June.