Australia-based Pin Payments has acquired the subscription payment management service of cloud-based credit vault provider Spreedly.
Pin Payments was formerly a customer of the North Carolina-based company, but decided to purchase this asset from Spreedly to shift its focus to other products.
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The transition will be gradual, Spreedly said in a blog post, with Pin Payments taking over the subscription service at the end of September.
Read the full blog post here.