Latest news with #Payroc
Yahoo
5 days ago
- Business
- Yahoo
Payroc Completes Acquisition of Agilisa Technologies
Strengthening competitive position in the Caribbean TINLEY PARK, Ill., Aug. 7, 2025 /PRNewswire/ -- Payroc today announced the acquisition of Agilisa Technologies, an API-centric payment gateway headquartered in Santo Domingo, Dominican Republic. This strategic move strengthens Payroc's position as a global leader in payment processing delivering unparalleled value to our merchants and partners. Agilisa enhances our technological gateway capabilities and further extends our presence in Latin America and the Caribbean. This acquisition unites Agilisa's innovative gateway that powers seamless, secure transactions to retail, e-commerce, and service providers with Payroc's robust processing network. The acquisition of Agilisa marks the third M&A transaction that Payroc's has announced in the past 30 days. Key Strategic Highlights Single-API Architecture: Agilisa Technologies' gateway platform will be merged into Payroc's existing API framework, allowing new and existing partners global coverage via one single connection eliminating the need for multiple integrations and accelerating developer time to market. Strategic Expansion of Influence: Harnessing the market presence cultivated by Agilisa across the Caribbean and Latin America, Payroc secures direct access to a network of hundreds of enterprise-level merchants, including marquee regional brands. This strategic alignment not only deepens Payroc's competitive footing, but also ushers in a new era of borderless commerce, enabling seamless, multi-currency transactions across more than a dozen markets. Talent and Innovation: Agilisa employees will fully integrate into Payroc's global organization. Their expertise will accelerate feature development for settlement, reporting, tokenization services, and point-of-sale integrations. Leadership PerspectiveThis acquisition reflects a shared vision to simplify and scale payments globally. Together, Agilisa and Payroc are positioned to deliver faster integrations, higher reliability, and expanded cross-border capabilities to merchants and partners alike. "Bringing Agilisa Technologies into Payroc enhances our gateway proposition with a single, powerful API that scales across borders," said Jim Oberman, CEO of Payroc. "Merchants and partners will benefit from reduced complexity, faster integration, and access to our full suite of value-added services." "Our team is eager to contribute to Payroc's vision," said Javier Sánchez, CEO of Agilisa Technologies. "Together, we'll preserve the agility and transparency our customers expect, while unlocking broader processing capabilities and global reach." About Payroc Payroc WorldAccess, LLC is a high-growth merchant acquirer, processor and payment integrations powerhouse that offers best-in-class sales enablement and payment processing technology on a global scale, delivering proprietary, innovative and full-service merchant acquiring solutions together with key card brand network payment sponsorship registrations. Payroc (through its subsidiaries) is a registered Visa third-party processor, a Visa independent sales organization, a Mastercard third-party and member service provider, a payment facilitator, an encryption support organization for Fifth Third Bank, National Association ("Fifth Third") and, in Canada, is registered with Peoples Trust Company, among many others. For more information, visit About Agilisa Technologies Agilisa Technologies is a Santo Domingo–based payment gateway company renowned for its developer-first approach, transparent pricing, and robust API tooling. Serving merchants, ISOs, and software integrators, Agilisa Technologies powers seamless, secure payment processing across retail, e-commerce, and service industries. Visit for more information. View original content to download multimedia: SOURCE Payroc
Yahoo
5 days ago
- Business
- Yahoo
Payroc to buy Agilisa Technologies
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Dive Brief: Payments processor Payroc WorldAccess has acquired payment gateway services provider Agilisa Technologies, according to a Thursday press release. A Payroc spokesperson declined to comment on the price paid. Payroc purchased the Dominican Republic company to expand its presence in Latin America, particularly in the Caribbean. The combination will integrate Agilisa's gateway with Payroc's worldwide processing network, the release said. As part of the deal, Santo Domingo-based Agilisa's employees will be absorbed into Payroc's workforce, per the press release. Dive Insight: With its Agilisa Technologies' purchase, Tinley Park, Illinois-based Payroc's acquisition spree continues apace. It was the third acquisition over the past month. Earlier this month, the company said it would acquire Bluesnap, a payments orchestration firm. The deal is aimed at letting Payroc provide embedded invoicing, subscription billing, automated reconciliation and other perks to its business customers. In late July, Payroc agreed to buy LedgerPay so it could offer end-to-end processing for every major card brand and debit network, in addition extending cloud-based payments services. With its Agilisa acquisition, Payroc aims to improve its integrations and reliability as well as expand its cross-border payments capabilities, the company said in the release. Agilisa serves about 1,300 merchant customers sand processes about 400,000 transaction per month, according to its website. Acquiring Agilisa will unlock 'a network of hundreds of enterprise-level merchants, including marquee regional brands,' Payroc contended in the release. 'Bringing Agilisa Technologies into Payroc enhances our gateway proposition with a single, powerful API that scales across borders,' Payroc CEO Jim Oberman said in the release. 'Merchants and partners will benefit from reduced complexity, faster integration, and access to our full suite of value-added services.' Beyond its three recent acquisitions, Payroc has grown over the past decade by buying other payments companies. Among its other purchases were Select Merchant Services, Integrity Payment Systems and iTransact Group. The company, which has grown into one of the largest nonbank processors, now handles nearly 800 million transactions annually for about 190,000 clients valued at $115 billion, according to its website. 'We'll always continue to acquire,' Payroc President Adam Oberman said in a 2021 interview. He is the son of Jim Oberman. 'We're never going to get out of the acquiring game.' Recommended Reading Payroc scoops up another peer Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-08-2025
- Business
- Yahoo
Payroc scoops up another peer
This story was originally published on Payments Dive. To receive daily news and insights, subscribe to our free daily Payments Dive newsletter. Payroc WorldAccess, the fast-expanding payments processor, said Friday that it has made another acquisition, this time buying BlueSnap, a payments orchestration firm that has focused on the middle market. Payroc is a payments technology company and acquirer that services merchants, enabling them to process credit and debit card payments as well as other types of transactions. This is the suburban Chicago-based company's second acquisition announcement this month, after saying last week that it would buy the cloud-based payments player LedgerPay. Buying BlueSnap, which also provides accounts receivables automation, will allow the combined entity to process card-not-present, electronic check and other payments in 47 countries and some 100 different currencies, according to a Friday press release about the transaction. It will also allow for use of embedded invoicing as well as subscription billing and automated reconciliation with real-time dashboards, the release said. A spokesperson for Tinley Park, Illinois-based Payroc didn't respond to a question about the purchase price for BlueSnap. The company said it expects the deal to close in the third quarter. 'Integrating BlueSnap's orchestration layer with Payroc's direct-connect network transforms our ability to serve merchants and [independent sales vendors] at scale,' Payroc CEO Jim Oberman said in the release. 'This transaction dramatically expands our global footprint and the breadth of capabilities we can bring to our customers and partners.' BlueSnap, based in the Boston area, had raised at least $80 million, and at one point had about 200 employees. Fintech venture capital firms Great Hill Partners and Parthenon Capital Partners contributed to investments of $50 million in 2014. BlueSnap was founded in 1998 by CEO Henry Helgeson, and he became the company's CEO last year, according to his LinkedIn profile. Ralph Dangelmaier led the company as CEO for about a decade before Helgeson, but then exited after the Federal Trade Commission took action against the company and Dangelmaier last year over 'processing payments for deceptive and fraudulent companies,' according to a May 2024 release from the federal agency. 'Joining Payroc gives BlueSnap's customers direct access to industry-leading acquiring relationships and a broader partner ecosystem,' Helgeson said in the release. BlueSnap has targeted a middle-market clientele, accepting payments from all over the world. The company focused on clients with between $2 million and $1 billion in annual revenue at one point, attracting the gift company Edible arrangements, software company Jamf and online genealogy company MyHeritage as customers. Payroc has been on an acquisition spree in recent years. The company said the acquisition of LedgerPay would allow it to provide end-to-end processing for all major card brands and debit networks, while also offering a suite of cloud-based payments services. Recommended Reading Payroc to buy LedgerPay
Finextra
31-07-2025
- Business
- Finextra
Payroc agrees to buy BlueSnap
North American merchant acquirer and payment technology provider Payroc has agreed to acquire payment orchestration and AR automation platform BlueSnap. Financial terms were not disclosed. 0 Payroc says the deal creates a unified acquiring powerhouse that offers both end-to-end global card acquiring and eBanking processing capabilities to merchants, ISVs, and embedded technology partners. It also extends Payroc's acquiring footprint across 47 countries and strengthens the North American-focused outfit's position in the EU and UK. 'Integrating BlueSnap's orchestration layer with Payroc's direct-connect network transforms our ability to serve merchants and ISVs at scale,' says Jim Oberman, CEO, Payroc. 'This transaction dramatically expands our global footprint and the breadth of capabilities we can bring to our customers and partners." The acquisition is expected to close in the third quarter, subject to regulatory approval. Last year, BlueSnap and its former CEO paid $10 million to settle with the Federal trade Commission for knowingly processing payments for "deceptive and fraudulent" companies.
Business Wire
31-07-2025
- Business
- Business Wire
Payroc Signs Definitive Agreement to Acquire BlueSnap
TINLEY PARK, Ill.--(BUSINESS WIRE)--Payroc WorldAccess, LLC a leading North American merchant acquirer and payment technology provider, today announced the signing of a definitive agreement to acquire BlueSnap, a Boston-based global payment orchestration and AR automation platform. This strategic acquisition unites Payroc's direct-connect acquiring infrastructure across the U.S., Canada, and Puerto Rico, and transforms Payroc's capabilities by adding BlueSnap's robust global and enterprise capabilities. The transaction is expected to close in Q3 2025 and is subject to regulatory approval and other customary items. Transaction Overview & Strategic Highlights The acquisition creates a unified acquiring powerhouse that offers both end-to-end global card acquiring and eBanking processing capabilities to merchants, ISVs, and embedded technology partners, including: Global CNP Leadership & Routing Optimization: Accept card-not-present, electronic check and alternative payments in 47 countries, 100+ currencies, and 36+ local methods through a single API. BlueSnap's intelligent routing and fraud prevention tools improve authorization rates and reduce cross-border costs. AR Automation & Cash Flow Efficiency: Accelerate receivables with embedded invoicing, subscription billing, and automated reconciliation. Real-time dashboards and out-of-the-box workflows simplify billing and collections. Enterprise-Grade Scale & Partner Ecosystem: Trusted by global enterprises and integrated with leading ISVs, ERP platforms, and embedded fintechs. Global Footprint & Compliance Excellence: Local acquiring, combined card and electronic check, dynamic and FX currency conversion, routing and interchange optimization, consolidated and detailed reporting, and managed clearing ensures cost-effective processing and regulatory compliance worldwide. Leadership Commentary 'Integrating BlueSnap's orchestration layer with Payroc's direct-connect network transforms our ability to serve merchants and ISVs at scale,' said Jim Oberman, Chief Executive Officer of Payroc. 'This transaction dramatically expands our global footprint and the breadth of capabilities we can bring to our customers and partners. More importantly, we are impressed with the BlueSnap team - our shared culture and vision aligns with Payroc's ongoing commitment to deliver a more efficient, intelligent, and global payments experience.' 'Joining Payroc gives BlueSnap's customers direct access to industry-leading acquiring relationships and a broader partner ecosystem,' said Henry Helgeson, Chief Executive Officer of BlueSnap. 'Together, we'll empower businesses to scale payments both domestically and globally, automate receivables, and innovate faster than ever.' Transaction Advisors Payroc was advised by Troutman Pepper, Locke, and White & Case LLP as legal counsel. BlueSnap was advised by TD Securities and William Blair as financial advisors, and Goodwin Procter LLP as legal counsel. About Payroc Payroc WorldAccess, LLC is a high-growth merchant acquirer, processor, and integrated payments provider offering advanced sales enablement and global payment processing technology. Payroc delivers proprietary, innovative, and full-service acquiring solutions supported by key card brand sponsorships and bank partnerships. Payroc, through its subsidiaries, is a registered Visa third-party processor, Visa ISO, Mastercard third-party and MSP, payment facilitator, and encryption support organization for Fifth Third Bank, National Association, and is registered in Canada with Peoples Trust Company and Oriental Bank in Puerto Rico, among others. Learn more at About BlueSnap BlueSnap is a global payment orchestration platform that helps businesses accept payments worldwide and optimize their revenue operations. With a single integration, BlueSnap supports online and mobile sales, marketplaces, subscriptions, invoice payments, and manual orders through a virtual terminal. The platform includes access to 100+ payment types, built-in fraud prevention, chargeback management, and automated accounts receivable tools. Learn more at
