Yapstone Acquisition Of Paymerica

It has been recently reported that Yapstone, Inc has taken over the total assets of the privately owned Paymerica which is the industry leader in electronic processing of the payment to the property management industry, LLC ('Paymerica'), which is an independent sales organization (ISO) which processes more than $ 1.2 billion every year. What Paymerica was handling, Yapstone got attracted to this deal, which is in business of credit & debit card processing & electronic check processing to different apartments, different rental properties & other real estate products due to utility business. Big giants by this acquisition Yapstone Inc is making stable feet in the high growth revenue segment in the midst of falling volumes in business even of those big. Which are recurring payments?

 Paymerica consist of two different businesses altogether, one being the ISO merchant segment whereas they are the providers of largest electronic payments from the utility industry. According to Yapstone, in the utility segment, with this takeover it has made Yapstone one of prominent, which is planning to recruit new ISO & brokers to market Yapstone's technology platform, to look after Yapstone’s SE sales processing services. It will retain all the staff including its founders as part of the deal. Paymerica’s co-founder Charles Yancey commented that they are really happy to join the Yapstone team due to their advanced technology it offers really good solution to our sale's group which gives them upper hand compared to other ISOs. Paymerica’s other co-founder David Bork added that Yapstone's recent growth stats & excellent leadership made them to think about tying up with them.

Thomas Villante, Yapstone’s Chairman commented that to expand its vertical market centric approach to the utilities market & increase the sales effort into the ISO market with this acquisition it has very cleared the roads for Yapstone. Golis, Paymerica which is an ISO for Nashville, which has it’s headquarter at Tenn. is an I-payment Inc says that Yapstone that is nation’s largest merchant acquirer is providing service to Chase paymentech, but it does have its own merchant setup & does its own merchant underwriting. Those new merchants who will be booked through the Paymerica channel will be boarded through the Chase paymentech Channel, further ads Golis. Master card Inc., which had introduced incentive interchange rates for those recurring payment merchants last year that would help develop an under-developed card market, commented Yapstone.

Between those two private companies, all the terms of the deal were not disclosed. Paymerica’s co-founders, Charles Yancey and David Bork whereas most of it’s of its employees will also be on Yapstone payroll, will be on the board. Yapstone, Inc. (Parent company of Dues payment) is the industry leader in payment processor of the property management industry. All the community banks are able to process the credit & debit cards processing smoothly due to the Yapstone’s technological services. Dues payment one, which is a culmination of 8 years & over quarter million lines of proprietary code is the most robust, unified payment & reporting engine. To cater the special needs of the property management industry, this reporting engine specifically designed for.

 Total fraud losses in the domestic market have gone down By 32 % year-on-year according to the industry source card watch, but in overseas market it has increased to remarkable height by 114 %. By always watching & preserving your card & card details, you should protect yourself, constantly updating yourself on the card balance to check that you are not victim of frauds, proper disposal of the transaction slips & by not disclosing your PIN to any of the person even if they persist on account of being from police or bank officials.                

            Setup a credit card processing merchant accounts to accept credit cards today!