SignaPay, a payment solutions provider, has announced the acquisition of PayHub, a payments technology company that offers an online payment gateway that currently services over 2,100 businesses throughout the US.
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Founded by the Hyman brothers in 2011, PayHub was developed to provide an advanced virtual terminal and a recurring billing solution that evolved to a mobile and eCommerce solution with API features.
The acquisition provides SignaPay a unified payment solution for partners and merchants, as well as the resources to build collaborative relationships with software companies and developers.
PayHub supports online and recurring payments, offers a swiped mobile payment solution with an encrypted swiper and has a virtual terminal that handles swiped and keyed transactions with real-time reporting.
John Martillo, founder and CEO of SignaPay, said: "The payment industry is changing and the addition of PayHub expands our focus and allows SignaPay to build and expand new partnerships. Being quick to market with easy to integrate APIs is critical for developers and merchants."
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By GlobalData
