FortisPay acquires EpicPay and Change Merchant Systems
US payments technology firm FortisPay has acquired processing firm EpicPay International and solutions provider Change Merchant Systems (CMS).
FortisPay plans to create a unified platform combining all three solutions
FortisPay says its new buys will bring “incremental scale and new technology partnerships” and will enhance its offerings to developers.
It adds that both acquisitions will expand FortisPay’s presence in the not-for-profit market and further enhance its specialty hospitality business.
As the businesses integrate over the coming months, the firm says all clients will benefit from the newly added solutions and a high-touch engagement model.
The firm plans to amalgamate its new acquisitions to create a “unified technology platform […] regardless of the business model”.
“Expansion into new segments via technology has always been part of our strategy,” says Jimmy Nafso, president and COO of FortisPay.
“The capabilities that both EpicPay and CMS bring to the business are best-in-class.
“The full-service EpicPay platform with PayFac capabilities alongside CMS’s industry expertise will transform our business. I couldn’t be more excited to welcome them to the FortisPay family.”
Founded in 2001, EpicPay provides integrated payments technology to more than 13,000 clients. The firm claims to be one of the first companies to develop a Payment Facilitator platform in the United States and Canada.
CMS, launched in 2006, is an existing customer of the FortisPay proprietary platform, Zeamster.
Greg Cohen, chairman at FortisPay, says the combined companies can “transform the way software companies integrate not just payments, but a full commerce stack into their platforms.”
Related: Customers Bank plans blockchain-based payments with Tassat
