Splitit (OTCMKTS:STTTF) Stock On Watchlist After Partnership With APPS

At this point Splitit (OTCMKTS:STTTF) is the only white label service which allows users to pay through installments by the credit on their payment cards. Yesterday, the company announced that it had partnered with Atlantic Pacific Processing Systems NV Corp for the purpose of providing a integrated card-based instalment payments product.

Trading Data

On Thursday, STTTF stock fell 0.95% to $0.0830 with 5.25K shares, compared to its average volume 20.57K shares. The stock moved within a range of $0.0763 – 0.0831 after opening trade at $0.0831.

Splitit and APPS Announce Partnership to Simplify ISO & ISV Installment Payments

Atlantic Pacific Processing Systems is a leading payments solutions provider in the North American market. By way of this partnership a number of buy now pay later options are going to be created which could be accessed by merchants. The options would be a part of the white label acquiring program for Payment Facilitators, ISOs and ISVs which would be offered by Atlantic Pacific Processing Systems.

Splitit has come up with its own installments as a service platform and that would be integrated with the suite of white label tools which are going to be offered by Atlantic Pacific Processing Systems to merchants. Atlantic Pacific Processing Systems is looking to provide merchants of all sizes with the customized payment processing solutions which could meet all their needs. It is a partnership which could prove to be valuable for both companies as the payments space continues to grow.