Monday , September 16, 2019

In Separate Deals, Global Payments And Paysafe Bolster Their Integrated-Payments Efforts

In deals that further signify the importance to processors of integrated payments, Global Payments Inc. and Paysafe separately brokered pacts with point-of-sale software providers.

Atlanta-based Global Payments says Liquid Payments Inc., a Fort Lauderdale, Fla.-based developer, will use the company’s Heartland Payment Systems unit to process payments. Liquid Payments’ service is designed for health-care providers and medical-billing agents. It combines a traditional POS terminal with an e-commerce platform.

Earlier in August Global Payments announced it was buying AdvancedMD Inc., another medical-related software provider, for $700 million.

In other integrated-payments news, Montreal-based Paysafe announced it is providing payment services to users of Upper Hand Inc.’s cloud-based sports and fitness-management software in a new service called UP Payments.

“Our target marketplace businesses need more agile and comprehensive software to manage and grow their business,” Kevin MacCauley, Upper Hand founder and chief executive, said in a press release. “With our new payment solutions powered by Paysafe, Upper Hand can maximize further revenue streams while simultaneously giving our customers the best experience available.”

Upper Hand’s user base increased 125% in the past year and payments made through its platform increased more than 14 times, Paysafe says.

Paysafe is preparing for more growth. In June, the company closed on its acquisition of iPayment Holdings Inc., a deal Paysafe expects will significantly expand its customer base.

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