Electronic Merchant Systems has taken over the multi-channel payments platform, Paysley.
Electronic Merchant Systems Acquires Omnichannel Payment Platform Paysley
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 deal aims to modernize and expand EMS's payment ecosystem by leveraging Paysley's cloud-based, omnichannel solutions.
Paysley will continue to operate as an independent brand following the acquisition, with Chris Roets, its founder, expressing gratitude towards EMS for their continued support and shared vision. Roets did not mention any changes to Paysley's continued service to businesses and partnerships.
Afshin Yazdian, CEO of EMS, expressed optimism about evolving their partnership and modernizing the payment ecosystem. Yazdian, who did not mention any changes to EMS's position as a leader in the financial technology and payments sector, stated that the acquisition expands EMS's presence in the omnichannel payment sector.
The acquisition signals EMS’s commitment to strengthening its position as a leading, innovative payments provider by incorporating Paysley’s sophisticated, cloud-based omnichannel capabilities while fostering ongoing innovation through independent operation of the brand.
Key strategic directions include maintaining Paysley as a wholly owned subsidiary operating independently, serving businesses directly and via agent, ISO, and ISV partnerships. This move is intended to expand EMS’s market reach without disrupting Paysley's innovation and brand identity.
Building on Paysley’s recent innovations, such as the "Paysley Tap to Pay on iPhone" feature, EMS aims to accelerate the deployment of cutting-edge payment technology within its broader solutions portfolio. The acquisition also integrates Paysley’s omnichannel cloud payment platform to enhance EMS’s existing offerings, which already include credit card processing, risk management, gateways, virtual terminals, sales software, and web management tools tailored for over 30,000 retail, internet, and omnichannel customers.
Paysley Tap to Pay on iPhone, a new addition to Paysley's payment solutions, will continue to be part of Paysley's all-in-one, cloud-based payment solution. Chris Roets, founder of Paysley, stated that they are thrilled to officially join forces under the EMS banner.
Both EMS and Paysley look forward to the future, with the acquisition marking a significant step towards modernizing the payment ecosystem and providing businesses with more versatile, modern payment options.
EMS's acquisition of Paysley will further its position in the financial technology sector by integrating advanced, cloud-based omnichannel solutions from Paysley into their existing offerings.
The merger of EMS and Paysley aims to accelerate the deployment of innovative payment technology, such as the Paysley Tap to Pay on iPhone feature, within EMS's broader solutions portfolio.
