“Founded in 2003 to provide reliable and secure payment technologies, Payment Logistics has a large breadth of partnerships that process a significant volume of transactions across thousands of businesses on an annual basis,” Fortis said in a Tuesday (Nov. 15) news release.
Under the terms of the deal, Payment Logistics founder Dustin Niglio will continue to lead his team under the Fortis umbrella.
“The teams will work quickly to unify the two platforms, expanding offerings for all clients and partners while continuing to deliver the high-quality segment-specific experiences that both organizations are known for,” the release stated.
Fortis CEO Greg Cohen said in the release that the acquisition strengthens his company’s tools and infrastructure while improving its “ability to enhance the merchant and customer experience with embedded payments.”
As part of Fortis, the La Jolla, California-based Payment Logistics team will continue to innovate and offer payment solutions designed for the specialty retail and hospitality markets, powered by Fortis’ enablement, payment facilitation and engagement engine, according to the release.
Fortis said at the time that its payment solutions for the lodging industry offer hotels enhanced security, chargeback management and transparent pricing.
As with companies in other industries, hotels have sped up their innovations in products, automation and payments, Fortis Chief Operating Officer Ashley Usher wrote in a PYMNTS eBook earlier this year.
“From hotels to doctors’ offices, contactless payments through online and mobile orders enabled customers to check out safely and allowed business owners to see revenue and the activities of their day in a format of their choosing while easing the burden of this transition — brought on by market acceleration and product innovation — on partners and merchants,” she said.
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