Financial Transaction Services acquires Princeton Payment Solutions

Under the terms of the agreement, Princeton Payment Solutions will continue to operate under its original name. In addition, FTS will be able to upgrade its offering in the payment processing marketplace.

PPS is a gateway (TPP) which allows the ERP community to process credit card payments by providing it with the necessary tools. The PPS toolset enables a range of services including SAP and Oracle certified payment card interfaces, tokenization, encryption services, back office reconciliation and chargeback tracking capabilities. PPS is aimed at supporting the ERP Community regarding payment environments. CardConnect is PPS’s latest card payment interface.

FTS is a provider of electronic transaction processing services for merchants, independent sales organizations (ISOs), financial institutions, business and government institutions. FTS delivers a range of services for credit and debit cards, gift cards, electronic check conversation, verification and guarantee as well as terminal services and online payment gateway solutions. FTS is backed by First Data, a US-based electronic commerce and payment processing company.