PayTech Trust Announces Merger with Advanced Merchant Group
CHANTILLY, VIRGINIA | July 15, 2022 – PayTech Trust a leading provider of integrated payment processing today acquired Advanced Merchant Group (AMG), a payment processing products and services company in Bucks County, PA.
“We feel strongly that joining forces with AMG will allow us to realize our strategic goals” stated Matt Clyne, CEO of PayTech Trust. “The long tenured AMG support staff will increase our ability to better support our merchants and will further help us scale PayTech Trust. This partnership is also expected to result in greater efficiencies and significantly increase our market share.”
The acquisition of AMG fits into PayTech Trust’s strategy to expand its professional resource teams who offer a wide selection of payment processing products and services, including mobile payments, e-commerce processing, and a secure payment gateway.
“Paytech Trust was the perfect merger partner for AMG. We had similar philosophies regarding customer service, response times, employee training and most important merchant retention,” said Michael Wiener, Owner of Advanced Merchant Group.
With this announcement, PayTech Trust continues to strengthen its position within integrated payments and enhance its go-to market strategy and solutions suite. Both companies have an extensive history of giving back to the community through numerous sponsorships and continue to support local and national charitable organizations throughout the year.
About Advanced Merchant Group (AMG): For nearly 20 years, AMG has taken great pride in delivering excellent merchant services and unrivaled customer services. AMG currently holds an A+ rating with the Better Business Bureau, were listed in the Inc. 5000, and were named Bucks County’s best merchant services company two years in a row.
About PayTech Trust (PTT): As one of the leading processors in the business, PTT securely transacts billions of online payments every year, delivering cost-efficient, reliable, and safe solutions for our merchants’ customers and partners that make payment processing easy. PTT payment and payroll professionals’ pride themselves on crafting unique, customized solutions for our merchants and partners. Learn more at PayTechTrust.com or follow @PayTechTrust on LinkedIn.
Click to view Press Release