Pineapple Payments announces acquisition of 1st Payment Systems

Monday 18 January 2021 13:16 CET | News

Pineapple Payments, a payments technology company has announced that it acquired 1st Payment Systems.

1st Payment creates payment programs for associations and Integrated Software Vendors (ISVs) in the Powersports and healthcare industries. Pineapple’s technology now becomes a focus of this strategic partnership, giving 1st Payment the ability to introduce new solutions and enabling both companies to deepen relationships with new and existing association partners. Terms were not disclosed.

Both Pineapple Payments and 1st Payment share a solution-focused approach to payments that mutually benefit association and ISV channel partners in its key market segments. The companies are working together to leverage Pineapple’s proprietary Transax platform, including its suite of APIs.

Pineapple Payments provides payment processing, proprietary technology, and omnichannel payment acceptance solutions for merchants of all shapes and sizes. Its core payment platform, Transax, and suite of payments tools are distributed by resellers nationwide, including some of the largest payment processing companies and Independent Sales Organizations. Pineapple offers both API based and solutions for everything from Hosted Payment Pages and Recurring Billing to online Invoice Management and integrations with QuickBooks and Salesforce.

A payments company that private labels payment processing and omnichannel payment solutions for ISV and SMB merchants, 1st Payment uses a direct sales channel focused on tight vertical markets and high-volume businesses, including Powersports, automotive, dental, and healthcare.

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Keywords: Pineapple Payments, acquisition, 1st Payment Systems, payment technology, omnichannel, payment processing, online payments
Categories: Payments & Commerce
Countries: United States
This article is part of category

Payments & Commerce