Payment processing services provider CardConnect announced last week its acquisition of SmartPay, an online billing tool developed by Onsharp, which builds, designs and supports web-based technology solutions.
“We’ve built an extremely powerful enterprise-level billing system,” Onsharp President Joe Sandin said. “With CardConnect’s large merchant base and national sales force, we hope to extend SmartPay’s reach and continue to provide online billing solutions to some of the country’s most well-known brands.”
The SmartPay billing tool allows a business’s customers to receive, view and pay bills online, and the tool will be particularly beneficial for businesses that rely on invoicing and are searching for a way to streamline their operations.
“As we’ve continued to add tools to the CardConnect suite of products, we knew that online billing and invoice presentment was an essential offering for the 50,000 merchants we serve,” CardConnect President Jeff Shanahan said. “Now with the ability to send electronic invoices, we’re helping businesses to simplify their payment acceptance and automate the Accounts Receivables process as much as possible.”
CardConnect plans to release the SmartPay product to its sales force, as well as existing and future merchants, in coming weeks.