InterPayments Acquires SurchX
InterPrivate Acquisition Corp. (IPV)
Company Research
Source: PR Newswire
NEW YORK, March 6, 2020 /PRNewswire/ -- InterPrivate LLC announced today the acquisition of SurchX, a market leading payments technology platform, by a newly formed affiliate, InterPayments LLC. Founded in 2017, SurchX developed technology solutions allowing retailers and other merchants to recover the maximum amount of their credit card processing fees via surcharging while maintaining strict compliance with today's complex regulatory environment. With the completion of the acquisition, InterPayments will be the only company in the space with advanced application programming interface (API) software, multiple shopping cart integrations, interactive voice response (IVR)/call center integration, and chrome browser extensions. The company's platform integrates with multiple gateways which allows it to connect with most payment processors and remain payment processor agnostic. The underlying, proprietary database is updated frequently, calculating both interchange and fixed-price surcha
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