Splitit and APPS Announce Partnership to Simplify ISO & ISV Installment Payments

Splitit (ASX:SPT, OTCQX:SPTTY), the only white-label service allowing customers to pay by installments using their existing credit on their payment card, and Atlantic-Pacific Processing Systems NV, Corp. (APPS), a leading North American payment solutions provider, today announced they have partnered to deliver an integrated card-based installment payments solution. The partnership will create many new buy now pay later (BNPL) options for merchants to access as part of APPS white-label acquiring programs for ISOs, ISVs and Payment Facilitators.

Splitit’s Installments-as-a-Service (IaaS) platform will be embedded into APPS’s suite of white-label booking, boarding tools, APIs and merchant-facing front-end acceptance tools. This will allow merchants to easily add one-click installments to their checkout, as well as provide a simple solution for ISOs, ISVs and Payment Facilitators to offer this service to their customers. APPS provides solutions to merchants of all sizes, including enterprise partners with worldwide names, philanthropic institutions and third-party software providers, as well as ISOs and ISVs that require customized payment processing solutions, designed to meet their needs.