Global payments fintech disruptor, Till Payments, announced the acquisition of ZIPS, the payment processing business unit of the hospitality technology platform company, Ziosk.
This strengthens Till’s capabilities and fast tracks their expansion in North America.
The ZIPS business unit was absorbed into the Till business, for partners to access a single-entry gateway to global expansion and flexibility for its integrated payments solution.
The complete ZIPS portfolio of independent software vendor partners and referral partners across North America, along with all of its employees, have transitioned over to Till as part of the acquisition, growing the company’s North America team to thirty five people.
Till Payment makes management reshuffles
Moving from ZIPS, Kevin Brown has been appointed Head of Strategy for Till North America.
He will oversee their automation efforts, driving innovation in Integrated Payments and introducing Till’s payment solution to Independent Software Vendors (ISV) in the region.
He brings with him 17 years of experience in the payments sector.
Tom Tucker, the Regional Director for North America at Till welcomed this aspect.
“We’re thrilled to welcome the ZIPS team to our Till Force. Our commitment to developing a fairer, simpler, feature-rich payments solution complements the ethos of ZIPS.”
“We’ll make a big impact on the profitability, sustainability and global market expansion efforts of our ISV partners as we innovate within the broader payments landscape.”
A smart partnership to aid all stakeholders
The deal also establishes a long-term strategic partnership between Till and Ziosk.
Ziosk will leverage the Till’s offering in its network of hospitality locations in USA while Till will offer Ziosk Smart Screen payment terminals to their network of merchants.
Shadi Haddad, is the Chief Executive Officer at Till Payments.
Shadi believes that the hospitality sector is adopting disruptive technologies to mitigate economic effects and is calling out for the unique solution offered by Till and by Ziosk.
“Our partnership strengthens our existing offering to clients in the hospitality industry.”
“The pandemic has overhauled the sector and there is a critical need for payments and technology solutions to address the operational and staffing issues facing the industry.”
“Coupled with the smart, disruptive, customer experience enhancing technology of Ziosk, Till’s solution will tackle those challenges head on and we’re confident that we’ll be able to provide the urgent support that the industry needs,” he continued.
Rhonda Levene, the President and COO of Ziosk also offered additional insights, saying, “We are thrilled to be creating a long-term strategic relationship with Till Payments.”
“This partnership focuses on game changing payment processing for Ziosk to stay dedicated to our evolving hospitality platform and bringing those innovations to market.”
Jack Baum, the Chief Executive Officer of Ziosk applauded the initiative.
“This is a win for the merchants. Till and Ziosk as we collectively provide disruptive solutions that improve merchant profitability by decreasing costs and increasing revenue.”
The acquisition follows a massive year of growth for Till, who secured $90 million last year and is set to continue its global expansion across North America, the UK and Europe.