AffiniPay acquires ClientPay, accelerates online payments adoption within large enterprises
By Pavithra R
AffiniPay, a Financial technology company transforming the way professionals get paid, has announced the acquisition of ClientPay, the award winning digital payment solution, to accelerate the adoption of online payments within large law firms.
Under the deal, ClientPay will join AffiniPay’s family of market-leading brands including LawPay, designed exclusively to serve attorneys. The union is expected to empower large legal and professional services firms to incorporate credit card, eCheck or digital wallet processing into their practices.
The adoption of electronic payment acceptance by large law firms has been gaining momentum, and 2020 saw an accelerated double-digit growth rate among enterprise firm adoption, due to the increased client demand for contactless payments and the acceleration of CIO/CFO workflow efficiency initiatives.
“At AffiniPay, we could not be more excited about bringing ClientPay into our portfolio to further our mission of transforming the way professionals are paid. Together we will be stronger, have better capabilities and will reach further than we could have on our own. This acquisition further strengthens our position in the enterprise market,” said AffiniPay CEO Tom West.
The union leads the legal payments market with:
- Secure integrations allowing for electronic invoice presentment and payments with industry’s enterprise matter management providers
- Custom solutions teams to provide integrations to serve the needs of large enterprises
- High level of PCI compliance payment options, with ClientPay’s customers being able to benefit from AffiniPay’s proactive PCI compliance team
- Enhanced security, access management, threat management, and privacy commitment to enterprise firms
- A dedicated team designed for the needs of professionals
The acquisition bolsters AffiniPay’s commitment to serving all professional services firms with solutions customized to fit their needs, spanning from the solo practitioner to the large legal and professional services organizations. ClientPay will also add critical large firm practice management technology partnerships to the AffiniPay and LawPay portfolio, adding to its ecosystem of over 70 integrated technology partners.
“It is with great honor and excitement to announce that ClientPay has joined the AffiniPay family. This next chapter for ClientPay will be one of significant growth, as we join forces with AffiniPay to expand upon our collaborative reach and closely aligned missions and values. We will continue to serve our customers at a world-class level while bringing new intuitive payment technology to make life easier for professional services firms. Collectively, we will be better together for our customers, our partners and the industry,” said Persolvent CEO Jay Bruber.
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May 26, 2023
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