Till Payments acquires Zoisk platform, ZIPS

Fintech start-up Till Payments has bought payment processing business unit ZIPS from hospitality tech platform Ziosk. 

The ZIPS acquisition will allow Till Payments partners greater choice when it comes to payments solutions, providing flexibility and enhanced capabilities the company claims. 

According to Shad Haddad, CEO at Till Payments, "Our newly established partnership with Ziosk will serve to strengthen our existing offering to businesses in the hospitality industry.

"The pandemic has completely overhauled the sector and there is now a critical need for payments and technology solutions that can address the operational and staffing issues facing the industry today.” 

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As the hospitality sector recovers from the pandemic, Haddad believes the adoption of disruptive technologies will assist in mitigating the worst of the long term impacts. 

“Coupled with the smart, disruptive, customer experience enhancing technology of Ziosk, Till’s solution will tackle those challenges head on and we’re confident that we’ll be able to provide the urgent support that the industry needs,” he said. 

Ziosk CEO Jack Baum describes the strategic partnership as a “true win-win-win”, as the platforms worth together to decrease costs and improve revenue and profitability. 

According to Rhonda Levene, president and COO at Ziosk, “This partnership supports their focus on game changing payment processing and allows Ziosk to stay dedicated to our evolving hospitality technology platform and bringing those innovations to market.”  

As part of the acquision, the complete ZIPS portfolio of partners and employees have moved across to Till, bringing the company’s North American team to 35.  

Kevin Brown has been appointed as US Head of Strategy, having worked as chief of fintech strategies at Ziosk.  

Tom Tucker, regional director – North America at Till said, “We’re thrilled to welcome Kevin and the rest of the ZIPS team to our Till Force. Our commitment to developing a fairer, simpler, feature-rich payments solution complements the ethos of ZIPS.

"Together, we have no doubt that we’ll be making a huge impact on the profitability, sustainability and global market expansion efforts of our ISV partners as we continue to innovate within the broader payments landscape.”