Atlantic-Pacific Processing Systems NV, Corp. (APPS), a Fintech holding company offering technology and financial services, has reportedly acquired Cloud-enabled software firm Clique Payments, Inc.
The acquisition should allow APPS to further expand its enterprise resource planning and accounting payments integrations solutions to include QuickBooks, FreshBooks, Xero, Sage and other software apps. It will also be offering support for various payment processing services and over 20 major payment gateways. The terms of the deal were not shared publicly.
Abe Maghaguian, President and CEO at APPS, stated:
“Clique’s reseller-focus is highly complementary. The acquisition is also a really good fit with our APPSos platform for merchant lifecycle management and will enable independent software vendors, independent sales organizations, payment facilitators and bank sponsorship clients to expand their offerings while helping their clients streamline operations. We are very excited about the acquisition and welcome Clique to the APPS family.”
Clique’s software-as-a-service (SaaS) platform offers a set of solutions that comes with integrated payments acceptance for accounting and ERP software. Clients are able to access a front-office point-of-sale system that allows merchants to handle different types of transactions, such as fully integrated EMV, along with swipe and key-entered payments synched with back-office accounting software in real time.
Additionally, the platform supports invoice creation with email and text delivery, recurring billing, convenience fees, tokenization and various other features.
APPS’ “semi-integrated” Cloud POS terminal comes with connections to widely-used payment processing providers and gateways. The firm’s payment facilitation program and platform are supported as well. ISVs who would like to provide card present payment services using the payfac model have managed to integrate access to solutions they require (all from a single source).
APPS CIO Brent Gephart remarked:
“Acquiring Clique gives ISVs, ISOs and their merchant customers easy access to a comprehensive suite of products and services, including highly desirable payments integration application programming interfaces, user interfaces and plugins to top accounting and ERP platforms. We look forward to rolling out Clique capabilities to clients and others looking to expand their offerings through this time-tested platform,.”