Access Group Bolsters Payments Business With Pay360 Acquisition

The Access Group has confirmed the acquisition of Pay360 in the U.K.

The group’s payment arm, Access PaySuite, has purchased Pay360 in a deal that will strengthen its payment processing capabilities, the company stated in a press release.

Although the release did not state the value of the deal, in September, Pay360’s previous owner Capita stated that it expected to receive £156 million for the payments processing business.

“Pay360 joining Access PaySuite is further evidence of our commitment to invest in innovative payment solutions that give businesses and organizations the confidence that they have a credible, secure and scalable payments partner,” Andrea Dunlop, managing director of Access PaySuite commented in Thursday’s statement.

“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,” she added.

Joining Dunlop, Stephen Ferry, managing director of Pay360, said that joining Access “provides a strong platform for the company to grow and prosper further. With complementary products and a shared vision, the acquisition will enable the enlarged payments division to really drive forward innovation and customer excellence.”

With a broad product portfolio, U.K.-based Access Group develops software that spans Enterprise Resource Planning (ERP) and Customer Relationship Management (CRM) systems, accounting, business management, and many other domains.

As well as payment acceptance, Access also provides payroll solutions, a field it has expanded its presence in thanks to a range of acquisitions including the Payroll Service Company (PSC) in 2019 and CoreHR in 2020.

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