TORONTO, Nov. 01, 2022 (GLOBE NEWSWIRE) — Quisitive Technology Solutions, Inc. (“Quisitive” or the “Company”) (TSXV: QUIS, OTCQX: QUISF), a premier Microsoft solutions provider and payments solutions provider, announced it is rebranding its cloud-enabled payments solution platform, formerly known as LedgerPay, as PayiQ.
Quisitive has unveiled a new name and logo for its payment processing and Payments Intelligence™ platform. As the Company progresses towards full commercialization of the platform, the new brand identity defines PayiQ as a leading innovator in the payments space. The brand evokes intelligence and innovation, bringing to life the vision for Quisitive’s cloud-enabled payments solution.
Simultaneous with the brand launch, Quisitive has developed a new website pay-iq.com which details the platform’s value for merchants and resellers alike. PayiQ’s cloud-enabled architecture allows for greater value by developing and deploying innovative payments solutions that remove friction and enable unique data insights for consumer engagement.
Quisitive’s merchant services group, BankCard USA, is a critical component of the Quisitive Payments Solutions vision. The Company will integrate BankCard USA employees into the Quisitive umbrella as Quisitive team members. Following these integration efforts and slated for summer 2023, BankCard USA will then transition its go-to-market service offerings to the PayiQ brand, completing the full suite of payments solutions delivered to the market under the PayiQ name.
Jana Schmidt, President of Quisitive Global Payments Solutions, said of the rebrand, “The transition to the PayiQ brand is well aligned to our go-to-market strategy and plans for acceleration in 2023. The name and the brand imagery evoke the energy this solution is bringing to the industry and is synergistic with the Quisitive brand.”
Quisitive (TSXV: QUIS, OTCQX: QUISF) is a premier, global Microsoft partner that harnesses the Microsoft cloud platform and complementary technologies, including custom solutions and first-party offerings, to generate transformational impact for enterprise customers. Our Cloud Solutions business focuses on helping enterprises move, operate, and innovate in the three Microsoft clouds. Our Payments Solutions division leverages the PayiQ platform powered by Microsoft Azure to transform the payment processing industry into an entirely new source of customer engagement and consumer value. Quisitive serves clients globally from seventeen employee hubs across the world. For more information, visit www.Quisitive.com and follow @BeQuisitive.
Quisitive Investor Contact
Matt Glover and John Yi
Gateway Investor Relations
Cautionary Note Regarding Forward Looking Information
This news release contains certain “forward‐looking information” and “forward‐looking statements” (collectively, “forward‐ looking statements”) within the meaning of applicable Canadian securities legislation regarding Quisitive and its business. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward‐looking statements. Forward‐ looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward‐looking statements. These forward-looking statements include, but are not limited to, statements relating to: the full commercialization and success of PayiQ, the integration of BankCard USA employees into Quisitive, and the transition of BankCard USA’s go-to-market service offerings to the PayiQ brand. The risks and uncertainties that may affect forward-looking statements, or the material factors or assumptions used to develop such forward-looking information, are described under the heading “Risks Factors” in the Company’s annual information form dated June 23, 2022, which are available under the Company’s issuer profile on SEDAR at www.sedar.com. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.
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