Payment processing company Electronic Merchant Systems expands its services by acquiring Paysley, an omnichannel platform.
Electronic Merchant Systems Acquires Paysley, Bolstering Omnichannel Payment Solutions
Electronic Merchant Systems (EMS), a leading player in the financial technology and payments sector, has completed the acquisition of Paysley, an innovative omnichannel payment platform. The financial terms of the deal were not disclosed.
Paysley, known for serving businesses directly and through agent, ISO, and ISV partnerships, is set to bring its frictionless payment technology to EMS. This collaboration, according to Chris Roets, founder of Paysley, has the potential to make a strong impact.
Roets expressed enthusiasm about joining forces with EMS, while Afshin Yazdian, CEO and Executive Chairman of EMS, expressed excitement about working with Paysley. Yazdian anticipates what they will build together, aiming to broaden and modernize EMS's portfolio for over 125,000 retail and e-commerce clients, as well as more than 1,000 independent sales organizations.
The acquisition is expected to enhance EMS's payment solutions offerings. Paysley will continue to operate as an independent brand, maintaining its direct service to businesses and partnership channels. The company's all-in-one, cloud-based payment solution, designed to serve businesses, will be integrated with EMS’s infrastructure.
Recently, Paysley announced the launch of Paysley Tap to Pay on iPhone, a part of its all-in-one, cloud-based payment solution. This innovation will be integrated into EMS's offerings, expanding their omnichannel payment offerings and bolstering cloud-based and contactless payment capabilities across digital and physical environments.
EMS's aggressive growth and acquisition strategy will remain in place, incorporating scalable, seamless payment solutions responsive to shifting consumer preferences for speed and security following the pandemic. This strategy is expected to lead to broader economic benefits and potential growth in tech employment, especially in key hubs like Raleigh.
The future roadmap for EMS and Paysley centers on blending Paysley’s nimble, app-free payment technology within EMS’s extensive payment processing ecosystem. This integration will enable merchants to accept seamless, secure payments through varied channels and devices, driving EMS’s long-term leadership in omnichannel payment solutions.
Paysley's team is deeply grateful for EMS's continued support and shared vision. The partnership between EMS and Paysley is expected to evolve and modernize the payment ecosystem, positioning them towards a fully integrated platform that combines payment acquiring, processing, and analytics, meeting evolving merchant needs and driving future fintech innovation. The collaboration between EMS and Paysley has already begun, with Paysley now a wholly owned subsidiary of EMS corporation.
[1] Electronic Merchant Systems Press Release, [link to press release] [2] Paysley Press Release, [link to press release] [3] Electronic Merchant Systems Acquires Paysley, [link to article] [4] Paysley Launches Tap to Pay on iPhone, [link to article]
The acquisition of Paysley by Electronic Merchant Systems, a leading entity within the financial technology and payments sector, will introduce their advanced frictionless payment technology into EMS's offerings, potentially making a significant impact on EMS's industry position.
EMS aims to broaden and modernize their portfolio with this collaboration, incorporating Paysley's all-in-one, cloud-based payment solution, designed to serve businesses, into their infrastructure, thus bolstering their omnichannel payment capabilities and enhancing finance solutions.
