July 13, 2024

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Applications Acquires Conformance Technologies to Accelerate Compliance Innovation in New Marketplaces

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LAS VEGAS–(Company WIRE)–Atlantic-Pacific Processing Methods NV, Corp. (Apps), a fintech keeping firm giving software program-as-a-company (SaaS) methods for the monetary providers and banking sectors, has concluded acquisition of proprietary program developer of compliance alternatives Conformance Technologies, Inc. Conformance will proceed serving impartial income companies, merchant products and services companies, independent software package suppliers, payment facilitators and other fintech option providers with technology to automate compliance and underwriting procedures. Capital infusion by Apps will fuel expansion in new markets in which rigorous fascination for Conformance alternatives exists. Conformance will become a standalone wholly owned subsidiary of Apps, with founder Darrel Anderson continuing as president. Terms of the offer had been not disclosed.

“The good quality of Conformance’s proprietary and patented software technology made it a excellent in shape with our overall growth technique,” reported Apps President and CEO Abe Maghaguian. “Conformance technological innovation and people are best-notch, with decades of compliance and fraud checking expertise as perfectly as coding and implementation expertise,” explained Applications Founder and Chairman Wealthy Hickman. “We system to go away the company as is and merely infuse capital to fund new solution enhancement that drives revenue advancement in new marketplaces,” additional Hickman.

“The want for speedy real-time underwriting and ongoing, extreme fraud danger checking in the home finance loan, finance, investing sectors, as well as other promptly increasing SaaS designs, is driving our advancement initiatives,” mentioned Conformance President Darrel Anderson. “The whole Conformance staff is energized about the chance to make additional progressive technologies, and to open up up new marketplaces with expanded solution offerings,” included Anderson. “Collectively with Applications, we have a brilliant and prosperous upcoming in advance of us, and we are thrilled about the prospect of giving new and exceptional technologies of sizeable benefit.”

Conformance has created and deployed an modern and easy-to-use compliance and monitoring ToolKit platform for enterprises who will need speedy turnaround and comprehensive moment-by-moment data monitoring. The Conformance Compliance Functioning Program is a patent pending, finest-in-class SaaS tech stack featuring plug-and-perform modules, open up software programming interfaces (APIs) and multilanguage capabilities.

Conformance solutions consist of the patented PCI ToolKit which simplifies Payment Card Sector Details Security Typical (PCI DSS) service provider compliance, the Cyber Assault Readiness ToolKit which gives detailed and price tag-productive penetration and PAN-scanning expert services to merchants and the Details Incident Management Method which correctly responds to business enterprise details incursion incidents on behalf of merchants. Conformance also delivers the market-top, award-profitable and BRAM-qualified InConRadar device which performs ongoing net checking of merchant web sites for prohibited written content and suspicious business enterprise activities, and the industry’s most in depth underwriting resource, PreComm ToolKit which gathers and analyzes more than 60 unique underwriting info details to make risk assessments in as little as 30 seconds, whilst delivering continual account checking submit onboarding on an ongoing foundation.

About Atlantic Pacific Processing Devices (Apps)

Applications is a fintech keeping firm delivering SaaS answers for the economic services and banking sectors. The corporation is comprehensive-company acquirer providing protected connectivity for card existing transactions and online payment gateways for all e-commerce, mobile and virtual transactions. With a lot more than 15 years in the payments business, Applications has organically grown into a leading chief in our trade via core solutions for company, discounts, reporting, technologies and safety. The company is headquartered in Las Vegas, Nevada and has places of work in Fountain Valley, California and Louisville, Kentucky. For a lot more information and facts, remember to pay a visit to approcessing.com or electronic mail [email protected].

About Conformance Technologies, Inc.

Conformance Systems, Inc. is a rapid-growing provider of solutions built to successfully assess and observe threat and compliance for tiny and midsize enterprises, while reducing the effort and complexity encompassing these jobs. Practically 50 % a million little and midsize corporations depend on Conformance alternatives to secure their companies every day, both equally domestically and in 22 international locations all around the globe. Our alternatives are sold straight to partners, SaaS platforms and banks to assist them make greater, more rapidly conclusions about their clients, as nicely as the corporations in their consumer portfolios, in get to minimize threat, strengthen shopper practical experience and lessen expenses to increase ongoing income streams. Conformance Technologies is a privately held corporation headquartered in Reno, Nevada with added purchaser services centers in Orange County, California and San Antonio, Texas. Affiliate corporation Conformance CyberSecurity LLC gives PCI Protection Specifications Council (PCI SSC) Experienced Protection Assessor (QSA) providers. For extra data, remember to visit conformancetech.com.

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