FortisPay Buys Swype To Expand AP, ERP Capabilities
Fortis Payment Systems (FortisPay), which works in payment technologies for businesses and developers, announced that it had bought Swype at Work and also entered into partnership with that company’s affiliate, Net at Work, an IT service management company, a press release says.
With the new agreement, the companies will expand more in North America’s B2B market and offer new customized solutions for customers.
FortisPay boasts its commerce platform, Zeamster, which can help deliver multichannel experiences, cloud EMV with point-to-point encryption, a full recurring commerce functionality, integrated invoicing and cost optimization.
With Swype, Zeamster will be able to more fully expand, bringing those services to more business technology markets and helping to boost payment processes and overall business efficiencies.
FortisPay CEO Jimmy Nafso said the new agreement would be good for both companies.
“Today’s announcement signals our further commitment to providing businesses, developers, and VARs with flexible payment solutions that are tailored to the way they work,” said Nafso. “The Swype acquisition is as equally important as the partnership with Net at Work. Net at Work has the industry’s most respected team of ERP and eCommerce specialists and will help us extend our value proposition to new markets.”
Alex Solomon, Net at Work’s co-president, said the new partnership would help due to FortisPay's experience.
“This is a particularly exciting development for Net at Work and our customers. FortisPay is the preeminent payment company in the SMB space serving all types of middle-market companies, they understand partner enablement and are a perfect complement to our broad ERP and eCommerce expertise,” he said, according to the release. “Partnering with FortisPay gives our customers the benefit of their 20 years of payment experience and their customers the benefit of our extensive ERP and eCommerce expertise, allowing both to unleash the power of their business.”
For companies in the AP and ERP spaces, the important thing is to keep up with digital trends to meet customer needs and also stay above fraudsters' schemes. PYMNTS writes that the key benefits of transferring operations to the cloud include faster returns on investment, faster implementation and cheaper entry costs.