Aptys Solutions, a Texas-based company founded in March 2010, says it has signed up more than 1,000 commercial banks for its PayLOGICS payment processing system, representing a 16% share of the market.
Based on the latest data from the FDIC, a 16% share of all FDIC-insured banks would represent roughly 1,176 institutions.
We’d love to be your preferred source for news.
Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!
In a release announcing its penetration of the market, Aptys describes PayLOGICS as “the first and only unified platform to support all aspects of payment processing, including image exchange, ACH, wires, payment archiving, Federal Reserve messages, least cost routing, in-network exchange (INEX) and mobile payments.” Additional information is available at Aptys’ website.
At Finovate Spring in May 2011, co-founder Eric Dodson described his company as one that “allows a financial institution to redefine how they manage payments today.” The full seven-minute pitch from that event is available online.
Click here to read the complete article.
Add as Preferred Source