Atlantic-Pacific Processing Systems acquires Clique Payments

By Pavithra R

Atlantic-Pacific Processing Systems (APPS), a fintech holding company providing technology and financial services solutions, has announced the acquisition of cloud-based software company Clique Payments. Terms of the acquisition were not disclosed.

Clique is a leading provider of integration solutions that connects accounting and enterprise resource planning solutions with payment, blockchain, supply chain and reconciliation solutions to help digitize and automate back-office processes with simplicity for small and mid-sized businesses (SMBs).

Through the acquisition, APPS will expand its suite of enterprise resource planning and accounting payments integrations to include QuickBooks, FreshBooks, Xero, Sage and more, while supporting all major payment processing providers and more than 20 top payment gateways.

“Clique’s reseller-focus is highly complementary. The acquisition is also a really good fit with our APPSos platform for merchant lifecycle management and will enable independent software vendors, independent sales organizations, payment facilitators and bank sponsorship clients to expand their offerings while helping their clients streamline operations. We are very excited about the acquisition and welcome Clique to the APPS family,” said APPS President and CEO Abe Maghaguian.

Clique’s software-as-a-service platform provides a variety of solutions with integrated payments acceptance for accounting and ERP software. The platform also supports branded invoice creation with email and text delivery, recurring billing, convenience fees, tokenization and more. APPS’ semi-integrated cloud POS terminal with connections to all major payment processing providers and gateways, as well as the company’s proprietary custom-designed payment facilitation program and platform, are also supported. ISVs wanting to offer card-present payment solutions using the payfac model have integrated access to everything they need from a single source.

“Acquiring Clique gives ISVs, ISOs and their merchant customers easy access to a comprehensive suite of products and services, including highly desirable payments integration application programming interfaces, user interfaces and plugins to top accounting and ERP platforms. We look forward to rolling out Clique capabilities to clients and others looking to expand their offerings through this time-tested platform,” said APPS CIO Brent Gephart.