Cass Information Systems, Inc. To Acquire TouchPoint, Leading National Church Management Software (ChMS) Provider
31 Maggio 2022 - 10:15PM
Business Wire
Cass Information Systems, Inc. (NASDAQ:
CASS) has entered into an agreement to acquire the
assets of mobile church management software (ChMS) developer
TouchPoint, a division of
The Pursuant Group, Inc., based
in Dallas, Texas. TouchPoint’s solutions help faith-based and
non-profit organizations engage members and efficiently manage
activities.
Ross Miller, current chief
operating officer of Pursuant and president of TouchPoint, will
join Cass as a Vice President and lead the combination of
TouchPoint with Gyve Generosity
Services, also owned by Cass. Gyve is an online giving
platform that combines multiple ways to make a gift (including
credit card, debit card, and direct debit) with generosity advising
and bank offerings, such as lending and depository services.
“By adding online gift processing capabilities to TouchPoint’s
current suite of services, the new division will offer faith-based
and non-profit organizations an all-in-one solution,” said
Martin Resch, Chief Operating
Officer of Cass Information
Systems. “TouchPoint provides the growth-oriented
support that these organizations are seeking and demonstrates the
expanded commitment Cass is making to this important segment.”
“Enhancing TouchPoint with Gyve’s giving platform significantly
enhances our current offering to clients,” noted Miller. “With
Cass, TouchPoint is backed by the advanced capabilities of a
regulated commercial bank. TouchPoint becomes a sole-source
technology and financial partner making it easier for clients to
manage member activities, achieve financial goals and make a
difference in their communities.”
Cass Commercial Bank, the
wholly owned banking subsidiary of Cass, has provided banking
products to faith-based and other non-profit entities since 1994.
It has more than 250 faith-based and non-profit clients across the
United States and has funded more than $1 billion of church
expansion projects.
About Cass Commercial Bank
Founded in 1906, Cass Commercial Bank provides sophisticated
financial exchange services to its parent company as well as its
clients and consistently ranks among the top performing banks in
the United States. Learn more about Cass Commercial Bank at
CassBank.com.
About Cass Information Systems
Cass Information Systems, Inc. is a leading provider of
integrated information and payment management solutions. Cass
enables enterprises to achieve visibility, control and efficiency
in their supply chains, communications networks, facilities and
other operations. Disbursing over $80 billion annually on behalf of
clients, and with total assets in excess of $2.4 billion, Cass is
uniquely supported by Cass Commercial Bank. Cass is part of the
Russell 2000®. More information is available at
www.cassinfo.com.
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Kenn Entringer, 314/721-2828
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