Fortis expands into Canada, acquires SmartPay

By Delisha Fernandes

Fortis, a payment and commerce technology for software providers, marketplaces, and scaling businesses, announced that it now offers its solutions in Canada, its first expansion outside the United States.

The PayTech company expansion allows software platforms and businesses operating in the Canadian market to leverage the proprietary technology once available to only US clients. The Canadian roll-out supports omni-channel credit card processing and Interac Debit acceptance, with electronic funds transfer (EFT) coming soon as a fast follower for B2B and recurring payment clients.

Fortis also acquired embedded payment solution provider SmartPay, which has strong partnerships in the enterprise software and ERP ecosystems. SmartPay was founded to bring enhanced technology solutions to the small business community and brings its exceptional team, productive customer relationships, and rich capabilities.

The PayTech company has also launched a Secondary Amount feature to allow integrated software partners to assess and collect platform fees when processing payments through its solutions. The secondary Amount is available in the Fortis API suite. Software partners can designate a platform or fee to be assessed as part of a single transaction and deposited separately.

“We are extremely proud of the strides we have made in the past few months in Product,” said Kevin Shamoun, SVP of Product & Innovation, Fortis. “Our efforts will not only expand payment processing into new locations but also improve the interaction of data between merchant and ISV, enhancing the user experience.”

The SmartPay acquisition gives Fortis access to a skilled team of integrated payments professionals. It enables the company to leverage the strong relationships SmartPay built, strengthening Fortis’ ability to serve to scale client businesses in complex markets. “I could not be more excited about the opportunities SmartPay brings to our organisation,” said Greg Cohen, CEO of Fortis.