Electronic Merchant Systems (EMS) has acquired Paysley, a payment platform known for its omnichannel capabilities.
Financial terms of the deal remain undisclosed.
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Paysley will now operate as a fully owned subsidiary of EMS, yet it will retain its operational independence and continue its direct business operations and partnerships with agents, ISOs, and ISVs.
Paysley’s platform features extend to multiple business operations such as invoicing, inventory control, in-person transactions, and digital marketing efforts.
It facilitates methods such as text-based invoicing, QR code integration, and secure mobile links.
The platform recently introduced the Paysley Tap to Pay feature for iPhone users, enhancing its cloud-based payment suite.
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By GlobalDataPaysley founder Chris Roets stated: “On behalf of everyone here at Paysley, we’re thrilled to officially join forces under the EMS banner. We’re deeply grateful to Afshin and the entire EMS team for their continued support and shared vision as we evolve our partnership and modernise the payment ecosystem.”
EMS chairman and CEO Afshin Yazdian said: “Working with Paysley has been an incredible journey. Their innovation and drive have already made a strong impact, and now that they’ve formally joined the EMS family, I can’t wait to see what we build together.”
In April, EMS also made investments in Payment Nerds and Pet Payments, two ventures initiated by Shawn Silver, who previously founded PaymentCloud.
Both companies have secured distribution agreements with EMS.
Payment Nerds is geared towards delivering an integrated payment platform to various sectors such as hospitality, retail, and e-commerce.
Meanwhile, Pet Payments is tailored to meet the payment service needs of the pet care industry, serving entities like veterinary clinics and pet grooming services.
EMS, a merchant services provider, offers payment processing solutions, including credit card processing, risk management, gateway services, and virtual terminals, as well as sales software and web management tools.
