American Express Co. agreed to acquire acompay, a digital payment automation platform, from ACOM Solutions Inc.
The transaction is expected to close in the second half of 2019. Financial terms of the deal were not disclosed in the news release.
Developed in 2016 as a digital payment automation solution for accounts payable departments, acompay integrates with enterprise resource planning or accounting systems and supports check, automated clearing house and card payments.
ACOM Solutions will continue to operate as it does now, supporting its core products including EZPay Suite, EZConnect, EZ Content Manager, Document Management and all other products not related to acompay.