payment of taxesan Orlando, Florida-based payments technology provider, has acquired Atlantic-Pacific Processing Systems (Apps), a Las Vegas, Nevada-based provider of digital platforms that deliver real-time data.
The transaction amount was not disclosed.
The APPS acquisition represents a significant expansion of Stax’s technology stack, providing partners and merchants with flexible and customizable options for their payment processing needs on one platform.
Over time, the APPS platform, called Stax Processing, will serve as the foundational processing layer that powers fintech products for ISVs, ISOs, and SMBs. The end-to-end ecosystem includes enhanced multichannel products, improved data reporting, and additional customization features. This enhancement to his Stax will debut during the fourth quarter of 2023, with full integration and additional development planned during 2024.
Stax Payments, led by CEO Paulette Rowe, is a fintech company that powers more than 30,000 small and medium-sized businesses, large enterprises, and software platforms through payment APIs. Its platform provides merchants and their SaaS businesses with the ability to manage their payments ecosystem, analyze data, and simplify the customer experience through a fully integrated solution.
The company powers over 30,000 small and medium-sized businesses, large enterprises, and software platforms through its payment APIs.
financial small business
2023/10/18