SignaPay, a Dallas-based independent sales organization, has acquired Equity Commerce LP, creating a combined entity with enhanced financial strength, multiple processing platforms and a number of sponsor banks.
It now offers access to First Data, TSYS, Paymentech and Elavon Canada through sponsor banks that include Harris, Wells Fargo and Esquire, Kevin Jones, SignaPay’s president, said in an Oct. 16 press release.
The acquisition also strengthens SignaPay’s credit and underwriting, loss prevention, client relations and customer support departments, Jones said in the release.
Equity Commerce Co-Founder and President Jeff Brown plans to move to Dallas to become vice president of operations and finance. He’ll help oversee 14,000 merchant customers processing nearly $2 billion in annual volume, the release said.