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PAYA Group completes acquisition of ITS

PAYA Group today announced completion of its acquisition of 100% of the shares of Interactive Transaction Solutions Limited (ITS) based in Chichester. ITS provides processing of commercial card data for over 3,000 customers and was previously owned by both American Express and Ingenico.

Commenting on the share acquisition, Bill Thomson Group CEO stated ‘ITS is the largest acquisition we have made to date, it broadens our portfolio of services and introduces a new segment of customers that need tailored payment services and support to meet their needs. The ITS newly refreshed technology capabilities are complementary to our existing in-house systems built over the past 12 years. ITS immediately becomes our largest trading business within the Paya Group, importantly it is profitable and this is another great step in building an unparalleled payments business with the customer proposition at its heart.’