Viewpointe (New York), a provider of check image exchange and archive services, has completed the acquisition of PaymentsNation (Dallas), a payments solution provider. The transaction advances Viewpointe's goal of an end-to-end clearing and settlement offering to customers. In completing the deal Viewpointe announced a restructuring to reflect the newly added expertise in settlement and ACH, while positioning the company for further opportunities in the payments solutions space. The company is establishing three business units to focus on its key strengths of image archiving, clearing and settlement and emerging business:
Viewpointe Document Archive & Repository Services--This business unit will focus on the Viewpointe archiving business; Viewpointe operates one of the world's largest storage environments, which currently stores more than 125.5 billion check images. Former Viewpointe chief operating officer Rich Walsh will serve as president of this unit and be responsible for further development and management of a comprehensive suite of image storage solutions.
Viewpointe Clearing, Settlement and Association Services--This unit will offer end-to-end payments clearing and settlement services, encompassing Viewpointe's existing image exchange offerings as well as the former PaymentsNation settlement and regional payments association services. Former PaymentsNation chief executive officer Glenn Wheeler has been named president of this business unit.
Viewpointe Emerging Business--As president of this unit, Diane Scott, former Viewpointe chief sales, marketing and product officer/chief strategy officer, will focus on advancing Viewpointe into new markets, payment types and inorganic growth opportunities. This unit will be charged with identifying and pursuing new business opportunities in support of financial institutions' needs.