Fortis Acquires Payment Logistics Expanding Its Embedded Payments Footprint & Technology Stack

NOVI, MI. (Nov. 15, 2022) – Fortis, the leader in embedded payments for software providers, today announced the company is expanding its suite of technology solutions by acquiring Payment Logistics, an industry-leading payment technology company based in La Jolla, California. Payment Logistics not only brings dozens of embedded payments partnerships but a myriad of cutting-edge solutions and a highly experienced team to the Fortis family.

Founded in 2003 to provide reliable and secure payment technologies, Payment Logistics has a large breadth of partnerships that process a significant volume of transactions across thousands of businesses on an annual basis. The team has created partnerships with leading developers, software providers and value-added resellers (VARs) to overcome payment integration challenges and deliver strategies that maximize the return on investment in commerce solutions. Payment Logistics founder, Dustin Niglio, will continue to lead the La Jolla team as part of the Fortis family.

“We started Payment Logistics 19 years ago with a vision to provide the technology retail and hospitality businesses need for a rapidly evolving electronic payment processing industry,” Niglio said. “Fortis is growing quickly and investing in innovation, so joining the Fortis team is the logical next step toward realizing our founding vision. I look forward to working with the combined team to accelerate transformation across the market.”

The teams will work quickly to unify the two platforms, expanding offerings for all clients and partners while continuing to deliver the high-quality segment specific experiences that both organizations are known for, further solidifying Fortis’ position as the leader in embedded payments for software providers in North America. As part of Fortis, the La Jolla based team will continue to innovate and offer payment solutions tailored to the specialty retail and hospitality markets with the power of Fortis’ enablement, payment facilitation and engagement engine.  

“Dustin and his team are one of the most innovative groups we’ve worked with to date, and we’re excited about what we can do as a combined force,” said Fortis CEO Greg Cohen. “The amazing relationships, unparalleled technologies and creative innovations the Payment Logistics team has built are a win for all of us. This acquisition strengthens our existing tools and infrastructure at Fortis, enabling us to amplify our tech stack for software partners and extend our suite of popular integrations for businesses. Additionally, it improves our ability to enhance the merchant and customer experience with embedded payments.”

With a growing product portfolio and market reach, Fortis is quickly becoming the payment solution of choice for software companies and business leaders who want to make commerce a competitive advantage. This latest acquisition will provide all of Fortis’ partners and clients with a new array of embedded payment options.

Leonis Partners, an advisory firm with expertise in guiding entrepreneur-led technology firms, served as strategic advisor to Payment Logistics for the transaction. Fortis partnered with Morgan Lewis for legal advisement.

###

About Fortis

Fortis is the leader in embedded payments for software providers, processing billions of dollars annually by delivering comprehensive payment solutions and commerce enablement to software partners and developers. The company’s mission is to forge a holistic commerce experience, guiding businesses to reach uncharted growth and scale. As the solution of choice for the future of payments, Fortis moves commerce closer to invisible with a proprietary platform that supports and strengthens the commerce and payments capabilities of software partners. For more information, visit fortispay.com.

About Payment Logistics

Founded in 2003, Payment Logistics is a full-service payment technology company that specializes in helping middle-market companies implement and calibrate the PayOps™ framework in their business. PayOps is a business framework that leverages modern embedded payment technology to reduce friction in commerce, implement payments best practices, streamline related back-office functions, and drive digital customer engagement. Learn more about Payment Logistics at paymentlogistics.com.

Fortis Accelerates Momentum Behind Embedded Payments with Massive Growth, Enhanced Services and New Leadership

NOVI, MI. (Oct. 13, 2022) – Fortis, a payment and commerce technology leader for software providers, marketplaces and scaling businesses, surpassed $20 billion in commerce transaction volume, an 80% increase over the previous year, as they continue to scale as a market leader in embedded payments. In addition to this milestone, the company is expanding its fully integrated service offerings and enhancing the leadership team. 

Looking forward, continued growth of the platform will be driven by Fortis’ new service offerings – an embedded omni-channel set of APIs for existing and new software partners, as well as the delivery of Fortis Capital for merchants – accompanied by a road map of new geographies and the addition of Mark Bishopp, former Amarylis CEO and an early pioneer in PayFac delivery, to spearhead all embedded payments initiatives.

While legacy providers and channels struggle with a challenging economic environment, Fortis’ focus on servicing software, ERP and platform providers has shown no signs of slowing down. Fortis’ enterprising growth plans include a newly available API stack with features and capabilities to simplify and streamline integrations, as well as the expansion of its embedded commerce suite with new service offerings such as Fortis Capital, quick invoicing and enhanced B2B functionalities. The API-first platform is more comprehensive with end-to-end onboarding from e-sign to auto configuration, enhanced transaction capabilities and profound reporting features, helping ERP, ISV, HMS and other software partners create better experiences for their customers. Further, Fortis Capital enables financing for small businesses and merchants, short-term loans for working capital for bills, payroll, purchase inventory and more, all with the ability to apply and receive funding in the same day across North America.

“The entire team has worked relentlessly to make our platform and business stronger, making the momentum and wins even more satisfying to see,” said Greg Cohen, CEO at Fortis. “The big winners, however, are our partners and customers as we enhance the platform and bring new embedded solutions to market. As we enter the next chapter, I couldn’t be more excited to welcome Mark Bishopp to the team to lead our efforts in this area and help continue our pace of growth. Having a veteran like Mark on the team speaks to not only who we are, but also where we’re going in helping software providers leverage commerce as a competitive advantage.”     

Bishopp will be leading Fortis’ progress in embedded payments as SVP of Embedded Commerce and Partnerships. As a former Bank of America executive and Amarylis CEO with 25 years of experience, Bishopp is well positioned to take the Fortis platform and embedded payments business to the next level. Bishopp is an industry renowned PayFac veteran with a history of leading high-performing teams and creating amazing solutions. Bishopp’s role will entail strategy, business development, market consultation and education efforts surrounding embedded payments.

“Fortis has created the platform today’s market has been asking for and it shows up in the growth numbers,” said Mark Bishopp, SVP Embedded Commerce and Partnerships. “I couldn’t be more excited to join this team of seasoned payments professionals and drive the capabilities software and ERP providers need for greater options and functionality. The guided solutions created by Fortis today and the road map for tomorrow makes this a very exciting time to be a trusted advisor in the industry.”

Momentum will continue into 2023 as the company focuses on building out new technology to support partners and merchants. To learn more about Fortis’ growth and offerings, visit fortispay.com.

###

About Fortis

Fortis delivers comprehensive payment solutions and commerce enablement to software partners and developers, processing billions of dollars annually. The company’s mission is to forge a holistic commerce experience, guiding businesses to reach uncharted growth and scale. As the solution of choice for the future of payments, Fortis moves commerce closer to invisible with a proprietary platform that supports and strengthens the commerce and payments capabilities of software partners. For more information, visit fortispay.com.

Fortis and Visual Matrix Team Up to Deliver a Comprehensive Integrated Payment Experience for Hospitality Operating Systems

Partnership gives Visual Matrix’s popular hotel property management system users the ability to seamlessly integrate payments for guests, eliminating the need for double entry in the back office.

NOVI, MI. (Sept. 21, 2022) – Fortis, a payment and commerce technology leader for software providers, marketplaces and scaling businesses, today announced its partnership with Visual Matrix, a leading hotel property management system. Both partners have deep lodging vertical expertise, making the partnership a great fit that will improve the guest and hotel operator experience by integrating Fortis’ award-winning commerce platform with Visual Matrix’s industry-leading hotel operating system.

“Our partnership with Fortis gives Visual Matrix users an opportunity to provide guests with more payment choices,” said Georgine Muntz, CEO at Visual Matrix. “The Fortis team understands the unique challenges of the hospitality industry and provides a platform that simplifies payments for guests and expands payment choices as new options emerge. This also helps to streamline hotel operations processes like reconciliation through integration with our software.”  

Best Western and other top hospitality brands use the Visual Matrix hotel operating system as it brings the diverse components of hospitality operations together in a single place, simplifying workflows to save time and money. Visual Matrix will leverage Fortis’ technology allowing guests the ability to pay using the method they prefer while also eliminating double entry recording of payments at the front desk.

“Like Fortis, the Visual Matrix team is driven by innovation to help hotel operators prepare for what’s next as guest expectations shift and the hospitality industry evolves,” said Greg Cohen, CEO at Fortis. “We’re thrilled to collaborate with an industry leader like Visual Matrix, seamlessly integrating the Fortis platform into their property management system to give hoteliers more options to maximize revenue and expand payment choices.”

Fortis provides custom payments solutions for the lodging industry, offering robust features like multiple payment options, enhanced security, enhanced chargeback management and transparent pricing. As the payment solution of choice for business leaders who are transforming commerce into a competitive advantage, Fortis remains committed to innovation that anticipates emerging demand for new payment options, including in the hospitality sector. 

Learn more about Fortis at fortispay.com. For more information about Visual Matrix, please visit visualmatrix.com/fortis.

###

About Fortis

Fortis delivers comprehensive payment solutions and commerce enablement to software partners and developers, processing billions of dollars annually. The company’s mission is to forge a holistic commerce experience, guiding businesses to reach uncharted growth and scale. As the solution of choice for the future of payments, Fortis moves commerce closer to invisible with a proprietary platform that supports and strengthens the commerce and payments capabilities of software partners. For more information, visit fortispay.com.

About Visual Matrix

More than 3,000 properties in 30+ countries worldwide choose the Visual Matrix hospitality operating system to optimize hotel operations and serve guests from reservation to return stay. Our system includes a game-changing PMS and an independent mobile operating platform (MOP) for use with Visual Matrix and most other PMS systems. Our PMS offers powerful features and key integrations that are easy to use, like revenue management with automated rate/discount tiering, a fully integrated channel manager, and a mobile app for tracking performance on the go. MOP automates routine tasks and streamlines communication to keep front desk, housekeeping, and maintenance staff focused on guests. It also includes a built-in panic button as an Emergency Safety Device to help keep hotel staff from harm. For more information, visit visualmatrix.com.

Fortis and Everyware® Partner to Deliver a Completely Integrated Payment Experience across Transaction Types

NOVI, MI. (July 26, 2022) – Fortis, a payment and commerce technology leader for software providers, marketplaces and scaling businesses, today announced its partnership with Everyware® opening integrated payment acceptance across platforms. The partnership will automate enrollment, provide faster cash collection and seamless commerce through various channels. Fortis’ clients will enjoy enhanced digital offerings while Everyware’s customers will have access to Fortis’ award-winning payment commerce platform, creating a seamless and integrated advantage for all partners and businesses.

“Fortis is now a fully integrated experience with Everyware, allowing our clients to enjoy the variety of convenient payment options they support,” said Larry Talley, founder and CEO of Everyware. “Being empowered to support payments in every channel and remove burdensome security requirements creates a winning formula for our clients. We’re excited to see what the partnership brings to our merchants.”

Everyware, a leading contactless payments and customer engagement solutions company, is leveraging Fortis technology to offer end-to-end acceptance solutions across expanded channels and segments. The two have enabled a seamless experience for enrollment and business intelligence, while integrating across many payment options with full tokenization and extending digital solutions to the point of sale for card-present transactions. Everyware and Fortis are supporting innumerous payment devices to accept EMV, contactless and emerging contactless payment tenders.

“With Everyware’s breadth of solutions Fortis is able to expand and enable commerce in new markets, as well as strengthen current offerings to software providers and their clients in key verticals,” said Greg Cohen, CEO at Fortis. “This partnership bolsters our capabilities in order to provide unique commerce experiences that meet specialized needs across different industries.”

Fortis has rapidly expanded its product portfolio and market reach and is quickly becoming the payment solution of choice for business leaders who want to make commerce a competitive advantage. Its partnership with Everyware promises additional offerings to clients that will change the way they conduct commerce in the future.

Learn more about Fortis at www.fortispay.com. For more information about Everyware, visit Everyware.com.

# # #

ABOUT FORTIS

Fortis delivers comprehensive payment solutions and commerce enablement to software partners and developers, processing billions of dollars annually. The company’s mission is to forge a holistic commerce experience, guiding businesses to reach uncharted growth and scale. As the solution of choice for the future of payments, Fortis moves commerce closer to invisible with a proprietary platform that supports and strengthens the commerce and payments capabilities of software partners. For more information, visit www.fortispay.com.

ABOUT EVERYWARE

Launched by Larry Talley and Scott Orlinsky in 2015, Everyware is a leading contactless payments and customer engagement solutions company. Everyware offers simple billing solutions for organizations in a wide variety of industries helping companies collect payments and connect with customers, especially through text messaging, the ultimate contactless technology. The company helps clients to boost revenue, reduce chargebacks and refunds, as well as improve customer service. There is no other highly secure, mobile communication platform and payment gateway on the market that combines these tools to meet the demand. It is the most straightforward, simple and scalable Pay by Text platform that has the capability to work alongside existing systems with easy integration.

Fortis Honored in The Strawhecker Group’s 2022 API Awards

Fortis wins API Set Award for the second year in a row

NOVI, MI. (June 16, 2022) – Fortis, an integrated commerce and payments technology leader, is proud to be honored by The Strawhecker Group (TSG) in its 2022 “Best of Breed” API Awards. The annual Best of Breed API Report, powered by TSG’s Gateway Enterprise Metrics (GEM) platform, ranks payment gateways’ overall API experience across two key assessments to provide insights and benchmarks on their developer integration experience.

Fortis received first place for API Set due to its robust performance across APIs offered, response codes, and versioning. The Fortis platform provides competitive APIs, descriptive and logical formatting, appropriately categorized response codes and offers revision history.

“TSG’s assessment of our API has helped the Fortis team visualize the developer journey, make impactful adjustments, and understand where we are versus the market,” says Greg Cohen, CEO at Fortis. “We are honored to win the API Set Award for the second year in a row.”

Fortis is determined to continue transforming its API set to further improve the overall experience for its software and platform partners. Fortis’ set of APIs unlock an arsenal of solutions that partners can take advantage of as they create their embedded commerce experiences. Seamless payment transaction enablement in any/all channels is at the core of the solution, but the unified API further empowers software partners with automated digital onboarding, robust reporting, easy implementation and quick testing all within the platform. This allows for a positive developer experience, as well as a smooth-running and high-performing platform.

Details about the “Best of Breed” API Awards and the list of winners are available here.

About Fortis

Fortis delivers comprehensive payment solutions and commerce enablement to software partners and developers, processing billions of dollars annually. The company’s mission is to forge a holistic commerce experience, guiding businesses to reach uncharted growth and scale. As the solution of choice for the future of payments, Fortis moves commerce closer to invisible with a proprietary platform that supports and strengthens the commerce and payments capabilities of software partners. For more information, visit www.fortispay.com.

About TSG

The Strawhecker Group (TSG) is a globally recognized analytics and consulting firm that supports the entire payments ecosystem, serving over 1,000 clients from Fortune 500 leaders to more than a dozen of the world’s most valuable brands. Trusted by industry leaders, TSG’s strategic services, market intelligence, and analytics merge to empower clients with actionable and accessible information. Please visit www.TheStrawGroup.com.

Fortis Achieves Oracle Validated Integration Expertise with Oracle Hospitality OPERA and Oracle Retail Xstore for Delivering Proven, Repeatable Payments Integration

Integration enhances seamless and secure payments experiences for Fortis’ hospitality and retail channels

NOVI, MI. (April 20, 2022) – Fortis, a commerce and payments technology leader and member of Oracle PartnerNetwork (OPN), today announced that it has achieved Oracle Validated Integration Expertise with Oracle Hospitality OPERA and Oracle Retail Xstore for its hospitality and retail channels. The integrated solution allows for a virtually seamless and secure payment experience while streamlining administrative processes and reducing costs.

Expertise is a core tenet of the modernized Oracle PartnerNetwork (OPN) program and allows Oracle partners to highlight their capabilities in a focused area. Ultimately, Expertise is designed to make it easy for customers to identify partners who can deliver quality solutions and minimize risk for their specific needs.

In order to achieve the Oracle Validated Integration Expertise, partners like Fortis must meet a series of qualifiers, including demonstrating that the integration performs as documented. Learn more about Expertise, including viewing the complete Expertise Catalog, at www.oracle.com/partnernetwork/expertise.

The integration of Fortis occurs via Oracle Payment Interface (OPI) and provides access to Oracle Hospitality OPERA and Oracle Retail Xstore. The Oracle Hospitality OPERA integration will strengthen Fortis’ competition for business among large hotel chains through creating a standardized experience for both merchants and customers. Through Oracle Retail Xstore, Fortis’ retailers will have the robust functionality they need to provide memorable service levels.

“Integrating with Oracle Payment Interface allows Fortis to expand what is already an amazing suite of solutions for the hospitality market,” said Greg Cohen, CEO and chairman of Fortis. “The team at Oracle has been fantastic and our enhanced integration will allow for even deeper embedded commerce experiences for our hotel, retail and hospitality partners and customers. We look forward to the added value these integrated solutions will provide as well as the extended access to industry-leading solutions through a relationship with Oracle.”

“Achieving Oracle Validated Integration Expertise gives our customers the confidence that the integration of Fortis is functionally sound and performs as tested,” said David Hicks, vice president, Worldwide ISV Cloud Business Development, Oracle. “For solutions deployed on premise, in the cloud, or both, Oracle Validated Integration applies a rigorous technical review process that helps to reduce deployment risk and improves the user experience of the partner’s integrated offering.”

About Fortis

Fortis delivers comprehensive payment solutions and commerce enablement to software partners and developers, processing billions of dollars annually. The company’s mission is to forge a holistic commerce experience, guiding businesses to reach uncharted growth and scale. As the solution of choice for the future of payments, Fortis moves commerce closer to invisible with a proprietary platform that supports and strengthens the commerce and payments capabilities of software partners. For more information, visit www.fortispay.com.

About Oracle Validated Integration Expertise

Oracle Validated Integration Expertise, available through Oracle PartnerNetwork (OPN), gives customers confidence that the integration of a complementary partner software product with an on premises Oracle Application has been validated and the products work together as designed. This can help customers reduce risk, improve system implementation cycles, and provide for smoother upgrades and simpler maintenance. Oracle Validated Integration applies a rigorous technical process to review partner integrations and partners who successfully earn an Oracle Validated Integration Expertise are authorized to use the “Oracle Validated Integration” badge.

About Oracle PartnerNetwork

Oracle PartnerNetwork (OPN) is Oracle’s partner program designed to enable partners to accelerate the transition to cloud and drive superior customer business outcomes. The OPN program allows partners to engage with Oracle through track(s) aligned to how they go to market: Cloud Build for partners that provide products or services built on or integrated with Oracle Cloud; Cloud Sell for partners that resell Oracle Cloud technology; Cloud Service for partners that implement, deploy and manage Oracle Cloud Services; and License & Hardware for partners that build, service or sell Oracle software licenses or hardware products. Customers can expedite their business objectives with OPN partners who have achieved Expertise in a product family or cloud service. To learn more visit: http://www.oracle.com/partnernetwork

###

Trademarks
Oracle, Java and MySQL are registered trademarks of Oracle Corporation.

Fortis and Lockstep Partner to Offer ERP-Integrated Solutions for Automating Collections, Accepting Online Payments and Improving Cash Flow

NOVI, MI., (March 9, 2022) – Fortis, a payment and commerce technology leader for software providers, marketplaces, developers and businesses, today announced its partnership with Lockstep, further strengthening its breadth of ERP accelerated payment offerings. The partnership gives customers full access to Lockstep® Receivables, an award-winning, ERP-integrated accounts receivable (AR) automation software that automates collections, enables online payment acceptance and improves cash flow. Lockstep customers can now access the world-class Fortis payments and commerce technology, which transforms commerce into a competitive advantage.

Through Lockstep, Fortis business and ERP clients can optimize their existing systems by accelerating cash collection, eliminating double data entry and gaining access to Level 3 discounted rates for B2B and/or B2G transactions, ultimately delivering a powerful, omnichannel processing environment with a fully compliant solution. The Fortis-Lockstep partnership helps organizations streamline the collection process significantly decreasing receivables and enhancing their cash positions.

The partnership provides an array of benefits with no installation, setup, training or support fees. Lockstep helps companies optimize collections with a customizable rules engine that automates multichannel outbound communications and assigns team activities to drive on-time payments. Lockstep clients can now have a secure and full-featured Fortis experience within their existing solutions, such as the self-service portal where customers and AR professionals can access statements and invoices, dispute resolution tools and receive a holistic overview of AR activities.

“We’re incredibly excited about the benefits and unlocked potential in the ERP space this partnership will deliver to both companies and our shared customers,” said Greg Cohen, CEO and chairman of Fortis. “Fortis and Lockstep have a shared vision of how automation and integration can strengthen efficiency, and we are equally committed to delivering best-in-class customer service and providing a one-stop solution for invoicing and payments. These shared values make for a seamless partnership.”

“Lockstep Receivables enables accounts receivable to automate their manual collections process and provide an online customer portal, so we are thrilled to partner with Fortis to further streamline the end-to-end experience,” said Matthew Shanahan, Chief Strategy Officer at Lockstep. “Our clients can improve cash flow by removing the friction of legacy payment processes. Fortis will be embedded into our online customer portal to enable a fully integrated online payment experience so that finance departments can get paid easier and faster.”

With the objective of becoming the payment solution of choice for business leaders who want to make commerce a competitive advantage, Fortis has rapidly expanded its product portfolio and extended its market reach. The partnership with Lockstep is a great example of how Fortis leverages software alliances and additional offerings to enhance the commerce experience for customers. Learn more about Fortis at www.fortispay.com.

Lockstep’s connected accounting solution supports over 4 million companies and the new partnership with Fortis will allow those businesses to expand and scale in an integrated and compliant manner. Lockstep integrates with over 85% of the world’s financial systems. For more information on Lockstep, visit www.lockstep.io.  

###

About Fortis

Fortis delivers comprehensive payment solutions and commerce enablement to software partners and developers, processing billions of dollars annually. The company’s mission is to forge a holistic commerce experience, guiding businesses to reach uncharted growth and scale. As the solution of choice for the future of payments, Fortis moves commerce closer to invisible with a proprietary platform that supports and strengthens the commerce and payments capabilities of software partners. For more information, visit www.fortispay.com.

About Lockstep 

Award-winning Lockstep® connects the world’s accounting teams to help them work better together. The pioneer in Connected Accounting, Lockstep develops tools and platforms for fintech developers and accounting teams to automate workflows between the accounting systems that are at the heart of all businesses. For developers, Lockstep API is the easy, modern platform for building fintech applications that work with their customers’ accounting systems. For accounting teams, Lockstep’s applications automate accounts receivable and accounts payable workflows improving efficiency and cash flow. Based in Seattle, Lockstep has won numerous awards including the 2022 BIG Innovation Award, 2021 Top Cash Management Solution by CFO Outlook and The Cloud Awards Most Promising Start-up. Visit www.lockstep.io for more information.