The new acquisition strengthens Fortis' leadership in embedded
ERP payments.
PLANO,
Texas, July 24, 2024 /PRNewswire/ -- Fortis,
a payments technology leader for software providers, ERP customers,
and scaling businesses, today announced its acquisition of
MerchantE's NetSuite payments division, marking a significant
milestone in the evolution of embedded payment solutions. This
strategic addition will help customers enhance the efficiency of
their payment operations and accelerate the deployment of new,
embedded financial and commerce enabling services.
The acquisition strengthens Fortis' position as a leader in
embedded ERP payments while reinforcing its commitment to ensuring
dependable, hassle-free commerce experiences for customers. Since
2004, MerchantE has been a pioneer, driving payments acceptance
within the NetSuite ERP ecosystem. Now with Fortis, the legacy is
continued. MAPP Advisors, a fintech advisory firm, advised
MerchantE on this transaction.
Current and future Fortis users can expect seamless activation
and enhancements with zero programming or implementation costs.
This means businesses can start processing payments or add new
features when available immediately, with transactions
automatically posting back to the general ledger for simplified use
and accounting. Transactions are automatically reconciled, keeping
all payment data in one place, making things efficient for end
users.
"As we transition to the Fortis platform, I am truly excited at
what this will mean for our customers and future customers. Our
legacy users can expect the same great service plus new, enhanced
features. We are excited to be a part of the next chapter of
embedded ERP payment processing," says Jeremy Collins, Vice President of Business
Development and NetSuite Channel, Fortis.
Future forward, Fortis is committed to enhancing the current and
future user payment experience with a host of exceptional features,
including:
- Expanded payment options and next-day funding capabilities for
greater flexibility
- Advanced Interchange Optimization including Level 2 and 3
processing
- Click-to-pay invoicing and Accounts Receivable
enhancements
- Compliant Surcharging and routing preference capabilities
- eCommerce and Shopping Cart integrations for omni-channel
integrated support
- Security and reliability including full PCI and SOC
Compliance
"We are thrilled to continue the legacy established by
MerchantE. As a leader in ERP and B2B payments, we look forward to
expanding our investment in the NetSuite ecosystem with a robust
pipeline of feature enhancements," says Greg Cohen, CEO, Fortis.
Press Contact
Oliver
Stephenson
Oliver.stephenson@fortispay.com
About Fortis
Fortis is the leader in embedded payments for software providers,
processing billions of dollars annually by delivering
comprehensive payment solutions and commerce enablement to software
partners and developers. The company's mission is to forge a
holistic commerce experience, guiding businesses to reach uncharted
growth and scale. As the solution of choice for the future of
payments, Fortis moves commerce closer to invisible with a
proprietary platform that supports and strengthens the commerce and
payments capabilities of software partners. For more information,
visit fortispay.com.
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Oracle, Java, MySQL and NetSuite are
registered trademarks of Oracle Corporation. NetSuite was the first
cloud company—ushering in the new era of cloud computing.
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SOURCE Fortis Payment Systems