BridgePay Network Solutions Acquires TGate Payments

— July 16, 2012

BridgePay Network Solutions, a new gateway company in the electronic payments industry agreed to acquire TGate Payments, a payment technology company. BridgePay envisions a strategic fit with its technology and security tools combined with TGate’s processing platform and existing integrations with major acquirers and software companies.

“BridgePay is committed to creating new standards of excellence with regard to PCI and PA-DSS security, processing efficiency and diverse payment solutions," said BridgePay CEO Rick Taylor in a release."The purchase of TGate allows us to take our technology and integrate it into a fullyfunctioning payment company that offers connectivity to more than 50 endpoints. BridgePay was also attracted to the dedicated and knowledgeable staff of TGate, who are being retained and will continue to provide best in class service.”

Taylor also discusses some other critical benefits that will result from this new partnership; “The TGate acquisition made so much sense for expediting our roadmap and we feel there is unlimited potential in the marketplace for our gateway network. Our goal is to support an abundance of product offerings (e.g. multi-currency, ACH, Check 21, Level III, IVR, mobile commerce, digital wallet) while offering the encryption and tokenization embedded products to remove the POS system from the scope of PCI compliance.”

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