Payscout, a US-based payment processing provider, has acquired payment processing solutions company Advanced Payment Systems (APS).
Prior to the merger deal, Payscout and APS had been referral and processing partners for several years.
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APS, which is based in Douglasville, Georgia, offers payment processing solutions and legitimate merchant accounts to the receivables management industry and serves more than 700 receivables management agencies and related businesses.
Its available services include acceptance of credit and debit cards, ACH transactions, check conversion, and Health Savings Account cards. The company also offers several web payment options.
The merger is expected to provide additional resources for APS to continue with current and upcoming projects across the ARM/Receivables Management Industry, and bolster Payscout’s ability to provide quality payment solutions that encompass all merchant risk verticals for its growing clientele.
Existing service programs will stay the same for APS customers and vendor partners, Payscout said.
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By GlobalDataPayscout CEO Cleveland Brown said: "With this acquisition, we will be able to combine the talents of our companies in order to benefit our clients and partners.
"Not only will our ability to service our clients be strengthened, but this pairing will also strengthen each company’s offerings," Brown noted.
APS vice president Jennifer Brummett said: "Payscout’s backing and support, plus the long time synergies between our executive teams will provide our merchants, sales offices, and partners increased benefit from our commitment to providing exemplary service."
