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January 9, 2019

Paya buys payment solutions provider First Billing Services

Integrated payment and commerce solutions provider Paya has acquired First Billing Services (FBS), a provider of electronic bill presentment and payment solutions based in Ohio.

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Set up in 2011, FBS caters to more than 600 utility as well as municipal government clients.

Under the agreement, Paya will offer capital to support the technology services of FBS.

Moreover, Paya will integrate the online billing and software applications of the acquired entity into its commerce platform Paya Connect.

FBS founder and CEO Pat Dorsey said: “Joining Paya will allow us to better serve our existing customers and expand the customised solutions available to them.

“We’re proud to have created a one-stop, integrated, billing and payments platform for our customers.”

The deal is said to be part of Paya’s plan to back firms having integrated payment and software capabilities in high-growth vertical markets.

Paya CEO Jeff Hack said: “The deep expertise, technology and proven success that the FBS team has achieved with utilities and governments complements the work Paya has already completed to enable the most flexible, vertically tailored and integrated commerce solutions.

“We’re delighted to welcome our FBS colleagues and support FBS’s growth plans while also making these capabilities available to all Paya partners.”

Free Report
img

Prepare for changes in the Payments market

 The Payments market has seen drastic changes in the past few years, with this only expected to continue. What does your company need to do to prepare for what’s to come? GlobalData’s Payment Trends for 2022 report explores the key trends in technology, consumer habits, and regulations shaping the market. We also identify the leading companies in this changing market, giving you a competitive market outlook. This report covers the impact of:
  • ESG
  • E-commerce
  • Mobile payments
  • Alternative payment rails (Real-Time Payments, Blockchain, BNPL)
  • Fraud & Cybersecurity
  • Regulations
Download the report now to learn essential strategies to maximize your growth in the face of rapid change.
by GlobalData
Enter your details here to receive your free Report.

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