Steve McLaughlin and FT Partners Steer Successful ProPay Sale

Based in San Francisco, Financial Technology Partners has extensive experience helping clients in the payments industry find strategic partners that provide stakeholders with optimal outcomes. As FT Partners’ founder and Managing Partner, Steve McLaughlin helped guide the November 2012 sale of ProPay to the electronic payment processing leader Total System Services, Inc. (TSYS).

ProPay occupies a unique market niche in providing mobile-based payment processing services to a wide range of clients, from single-owner startups to major corporate entities. The acquisition of ProPay by TSYS enabled the latter firm to position itself at the forefront of the burgeoning mobile payments market and to enhance its presence in the micromerchant and small business processing segment. In addition, the sale allowed TSYS to take advantage of the extensive strategic relationships and technology partnerships that ProPay has built up over the years.

Financial Technology Partners assisted ProPay exclusively throughout the acquisition process as a financial and strategic advisor. This recent transaction, completed under undisclosed terms, highlights the firm’s success in achieving tangible results for top-tier clients in the payments industry.

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