Access PaySuite, a division of The Access Group, has entered into a binding agreement to acquire Pay360, one of the UK’s leading providers of credit card and payments facilitation services to UK public and private sector.
Pay360, part of Capita, has been providing secure payment services to a range of customers across the public and private sectors for more than 20 years. With significant experience in the public sector, the acquisition represents major growth potential for Access PaySuite as consumers increasingly demand digitised services.
Following approval of the acquisition by the Capita Plc shareholders and the FCA, the deal will strengthen Access PaySuite’s payments processing capabilities by adding card payments and Payment Facilitation (PayFac) to its existing payments solutions.
Commenting on the acquisition, Andrea Dunlop, managing director of Access PaySuite, said: “The addition of Pay360 into Access PaySuite is further evidence of our commitment to invest in innovative payment solutions that give businesses and organisations the confidence that they have a credible, secure and scalable payments partner.
As well as expanding our expertise and capability to enter new markets, Pay360 complements the Access Group’s existing footprint, and our customers across the public and private sector can take advantage of our enhanced, best-of-breed payments solutions.
The Access Group has a long and proud track record of investing in the companies we acquire. Bringing great people, as well as great technology, into Access PaySuite was a major consideration for us. I am confident that there is a great cultural fit between the two companies, and we’re committed to improving customer success and product development to become the payments provider of choice for current and future customers.”
For more information on Access PaySuite and Pay360.
