Embedded payments company Fortis is expanding its technology offerings by purchasing California payment technology firm Payment Logistics.
“Founded in 2003 to provide reliable and secure payment technologies, Payment Logistics has a large breadth of partnerships that process a significant volume of transactions across thousands of businesses on an annual basis,” Fortis said in a Tuesday (Nov. 15) news release.
Under the terms of the deal, Payment Logistics founder Dustin Niglio will continue to lead his team under the Fortis umbrella.
“The teams will work quickly to unify the two platforms, expanding offerings for all clients and partners while continuing to deliver the high-quality segment-specific experiences that both organizations are known for,” the release stated.
Fortis CEO Greg Cohen said in the release that the acquisition strengthens his company’s tools and infrastructure while improving its “ability to enhance the merchant and customer experience with embedded payments.”
As part of Fortis, the La Jolla, California-based Payment Logistics team will continue to innovate and offer payment solutions designed for the specialty retail and hospitality markets, powered by Fortis’ enablement, payment facilitation and engagement engine, according to the release.
The acquisition follows Fortis’ partnership in September with hotel tech provider Visual Matrix, to allow hotel operators to provide their guests with more payment choices.
Fortis said at the time that its payment solutions for the lodging industry offer hotels enhanced security, chargeback management and transparent pricing.
As with companies in other industries, hotels have sped up their innovations in products, automation and payments, Fortis Chief Operating Officer Ashley Usher wrote in a PYMNTS eBook earlier this year.
“From hotels to doctors’ offices, contactless payments through online and mobile orders enabled customers to check out safely and allowed business owners to see revenue and the activities of their day in a format of their choosing while easing the burden of this transition — brought on by market acceleration and product innovation — on partners and merchants,” she said.
For all PYMNTS B2B coverage, subscribe to the daily B2B Newsletter.
How Consumers Pay Online With Stored Credentials
Convenience drives some consumers to store their payment credentials with merchants, while security concerns give other customers pause. For “How We Pay Digitally: Stored Credentials Edition,” a collaboration with Amazon Web Services, PYMNTS surveyed 2,102 U.S. consumers to analyze consumers’ dilemma and reveal how merchants can win over holdouts.
https://ift.tt/OaximfG
"payment" - Google News
November 16, 2022 at 03:52AM
https://ift.tt/7WSo2wI
Fortis Buys Payment Logistics to Expand Tech Offerings - PYMNTS.com
"payment" - Google News
https://ift.tt/KnutENY
https://ift.tt/pYLlVz6
Bagikan Berita Ini
0 Response to "Fortis Buys Payment Logistics to Expand Tech Offerings - PYMNTS.com"
Post a Comment