Stax Payments, an Orlando, FL-based payment technology provider, acquired Atlantic-Pacific Processing Systems (Apps), a Las Vegas, NV-based provider of a digital platform delivering real-time data.
The amount of the deal was not disclosed.
The acquisition of APPS marks a significant expansion of Stax’s technology stack, giving partners and merchants flexible, customizable options for their payment processing needs on one platform.
The APPS platform, which will be called Stax Processing, will, over time, serve as the foundational processing layer powering fintech offerings for ISVs, ISOs, and SMBs. The end-to-end ecosystem will include enhanced multi-channel offering, improved data reporting, and additional customization capabilities. This expansion of Stax’s functionality debuts during Q4 2023, with complete integration and additional planned developments throughout 2024.
Led by CEO Paulette Rowe, Stax Payments is a fintech company that empowers more than 30,000 small businesses, large businesses, and software platforms through payments API. Its platform provides merchants and SaaS businesses the ability to manage their payment ecosystem, analyze data, and simplify their customer experience through fully integrated solutions.
The company empowers more than 30,000 small businesses, large businesses, and software platforms through its payments API.
FinSMEs
18/10/2023