IN BRIEF: PayPoint acquires open banking firm AperiData
PayPoint Inc - Welwyn Garden City, England-based payment services company - On Wednesday, completes acquisition of open banking firm AperiData in bid to bolster PayPoint's open banking offering. The investment follows an earlier EUR1 million strategic investment in AperiData, the Chester, England-based open banking provider and credit reference agency. "Combining AperiData's expertise in transaction categorisation and financial analysis with PayPoint's payments platform will enable us to better support payment collection and arrears management for clients across multiple sectors, including financial services, social housing, local government, utilities and charities," says Simon Coles, managing director for Digital Payments and Open Banking at PayPoint. The acquisition follows joint development and deployment of the two companies' Financial Information System Customer Support Tool. PayPoint says AperiData will "continue to scale its solutions and expand its reach across the UK." Read More