RESTON, Va., Jan. 30, 2018 /PRNewswire/ -- Sage Payment Solutions, Inc., a leading provider of integrated payment processing and business solutions in North America, announces that beginning today, the company will operate under the new brand name of Paya (pronounced pie-ya). The new corporate name for the longtime trusted solutions provider signals a tectonic shift in the company's vision and strategy in the fintech market.
"The Paya name represents the fresh and progressive company we are building for our employees, partners, and customers as we work to become the foremost technology platform helping companies run their businesses better," said Joe Kaplan, Paya CEO. "We are creating something special and compelling here. Our mission is to deliver new technologies to the market and offer innovative, integrated payment solutions that will help our customerssimplify business complexity and concentrate on growing their business."
Also being announced today is the company's significant investment to expand and grow its channel partner program with new, robust tools and assets to help attract, bring value to, and monetize new and existing opportunities. Paya's Partner Program targets participation from technology providers, referral organizations, and ISOs to leverage the program's assets and benefits of its omni-channel solutions platform.
"As a partner-centric organization, we recognize that channel partners, as well as merchants, struggle to keep up with the rapid pace of innovation in payment technologies," said Greg Cohen, Paya President. "It is on this premise that we are laser focused on delivering a customer-first experience, with the goal of helping our partners and their customers achieve and maintain a competitive edge in the market. Leveraging our integrated software experience, we have perfected a scalable model that will empower our partnersto deliver a seamless customer experience across emerging innovative platforms."
Paya provides a technology platform that enables merchants to streamline their business, optimize organizational efficiency, deliver consistent value, and accelerate growth. Unlike other solutions that offer a complex and fragmented set of technologies, Paya delivers a purpose-built solutions platform that works to reduce complexity and increase business intelligence, ensuring that companies can confidently and quickly adapt to changes in technology and in the marketplace. The highly compatible platform is designed to integrate effortlessly with today's technology and adapt to tomorrow's market.
In August 2017, Paya was divested from former parent company Sage Software to private equity firm GTCR. Since that time, the company has enhanced its executive team with the addition of seasoned, notable industry veterans who have helped create a new strategic direction in the company's transformation.
About Paya Paya, Inc., provides payment technologies and solutions to businesses of all sizes. Paya's highly adaptive platform enables businesses to get paid, make payments, and manage their money—simply and securely. With Paya's solutions, businesses can operate any way and anywhere their customers exist—on site, online, or on the go. Paya's comprehensive suite of solutions and services deliver easy-to-use payments technology for every stage of a business's growth. For more than 20 years, Paya has combined its substantial data capabilities with real-time reporting, providing unmatched visibility to cash flow and transaction data for its customers. Paya's seamless connection to business applications offers valuable business insights that enable customers to run their businesses smarter, so they can run them better. Paya is a GTCR private equity company headquartered in Reston, VA, with offices in Atlanta, GA, and Fort Walton Beach, FL. For more information on Paya, visit www.paya.com or follow us on Twitter @PayaHQ, LinkedIn at Paya.com and on Facebook at PayaHQ.