Capital Payments, LLC Acquires Applied Merchant Systems, Inc.
Capital Payments announced today that it has acquired both Applied Merchant Systems and
PayQuake (combined: “AMS”) from its founders and shareholders. Based in Chicago, IL. AMS
is an electronic payments services company specializing in credit card and check processing, and
other payment related services for small and medium-sized businesses, corporate merchants,
ecommerce merchants, and trade associations.
Melville, NY (PRWEB) November 11, 2009 -- Capital Payments announced today that it has acquired both
Applied Merchant Systems and PayQuake (combined: “AMS”) from its founders and shareholders. Based in
Chicago, IL. AMS is an electronic payments services company specializing in credit card and check processing,
and other payment related services for small and medium-sized businesses, corporate merchants, ecommerce
merchants, and trade associations.
Headquartered in Melville, NY, Capital Payments, LLC has built a unique distribution model working with
Trusted Advisors such as CPAs and Attorneys. Capital Payments was founded by industry veterans who
understand the challenges faced by businesses and bring decades of experience in delivering leading-edge
payment processing solutions and financial services to serve the ever evolving needs of U.S. based businesses.
The acquisition of AMS supports Capital Payments’ core strategy to grow through both strategic acquisition and
strong organic growth. AMS services over 12,000 merchants throughout the United States and will extend
Capital Payments’ platform as the leading national provider of payment solutions to the Trusted Advisor
community and their small business clients who rely on their advisory services.
“We are excited to add AMS and PayQuake to the Capital Payments’ family”, states Todd S. Whiton, President
and CEO of Capital Payments. “The AMS business has been built by partnering its considerable technology
resources, including a comprehensive end-to-end merchant boarding and reporting s