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GTCR Announces Acquisition of Sage Payment Solutions http://www.prnewswire.com/news-releases/gtcr-announces-acquisition-of-sage-payment-solutions-300467918.html In conjunction with the transaction, SPS and Sage entered into a strategic alliance to facilitate ongoing cooperation serving merchants and partners. Under the terms of this alliance, SPS will be the preferred provider of merchant processing services to Sage clients in the United States. SPS and Sage will work to provide a superior payments experience to mutual customers through seamless technology integration and exceptional service. SPS and Sage have pledged to work together to maintain the integration of technology and systems. Sage will retain a financial interest in SPS in addition to the strategic alliance and other commercial agreements between the parties.

Wow! We've been wondering who and when. Thanks for posting this @MiahGreen

LOL - SPS and Sage will work to provide a superior payments experience to mutual customers through seamless technology integration **and exceptional service**.

As stated in Miah's post, SPS will be the preferred provider to Sage clients in the US. What I also understand from who I work with from SPS, this investment will be followed by additional investments into the SPS product to expand its functionality. Apparently this is not an investment Sage wanted to make. My source believes this is all good for SPS to better compete.

Ha Ha! I can promise **exceptional service** for everyone that works with the ""NEW"" SPS through me/ VIP.

I am surprised that Sage has not sent out a statement to the channel of the advantages of this transaction and a sample statement we can send to our customers. (No, I'm not really surprised, but they should have.)

@MiahGreen It would be interesting if sometime you would lay out the steps an end user would have to take if they want to continue using their own merchant. I seem to keep running into existing user who for some reason seem married to their merchants. When they hear they have to drop their provider the integration becomes a very difficult or no sale.

Steps + costs

@WayneSchulz Most customers have little understanding of who they are working with and their obligations to the agreement. The most common statement I hear is they do this through their bank, and I have to explain that the bank uses a processor. Seldom do they have such a great deal that they can't change. They also are not normally locked into anything. The biggest reason is they just don't want to bother changing.

@WayneSchulz TPP or ""Third Party Processing"" is usually only used for clients that have been declined for an SPS merchant account. That said, I've been able to get approvals for every client that has requested TPP. I'd be happy to assist with any questions you or the group may have regarding TPP. Please reach out to me directly @ 208-503-0561 or miah@vipintegratedpayments.com