Solutions by Text announced it has acquired Triple Play Pay, a payments platform, in a move aimed at combining its compliance-first messaging capabilities with payment orchestration technology to provide a unified, compliant payments experience for consumer finance businesses and their customers. Financial terms were not disclosed.
Solutions by Text said the acquisition extends its FinText payment capabilities and supports its push into embedded payments and conversational commerce, allowing organizations to manage compliant messaging and payments through a single platform.
The company highlighted recent payments adoption metrics tied to its FinText platform. Over the past year, it said customers that enabled Apple Pay and Google Pay are seeing 75% of approved transactions processed through those alternative payment methods. It also said approved TextPay transactions increased by nearly 400% as more consumer finance businesses initiate payment requests directly within messaging channels.
With Triple Play Pay, Solutions by Text said customers will gain added functionality, including access to payment services across ACH, debit, and credit card processing alongside mobile wallet acceptance. The company also pointed to faster onboarding through automated merchant account provisioning via Triple Play Pay’s registered payment facilitator program, which it said can enable go-live in days rather than weeks.
Additional capabilities cited include enhanced fraud and transaction monitoring, real-time reporting and analytics, and tools such as a virtual terminal and reconciliation functions. Solutions by Text also said the deal broadens omni-channel payment enablement through APIs, allowing organizations to accept payments beyond messaging by integrating systems of record, preferred payment portals, and other digital channels, while using the platform to orchestrate both messaging and payments.
Solutions by Text framed the transaction as a way to simplify payment complexity for financial institutions as consumers shift toward mobile wallets, peer-to-peer options, and other channels, and as tracking transaction timing and costs becomes more challenging.
KEY QUOTES:
“The acquisition of TPP marks a pivotal moment for SBT and the consumer finance businesses we serve. By unifying messaging and payments as one seamless platform, we are eliminating the need for fragmented tools, enabling consumers to engage and pay in one secure, trusted experience. This accelerates our vision of a frictionless journey, reduces time to value, and solidifies SBT’s position at the forefront of compliant engagement and payments innovation.”
David Baxter, Chief Executive Officer, Solutions by Text
“We are excited to join SBT and help lead the next era of payment innovation. By combining SBT’s leadership in compliance-first conversational commerce with our advanced payment infrastructure, we are creating a unified platform that delivers secure, frictionless payment experiences at scale.”
Ben Kauder, Founder, Triple Play Pay
