YapStone announces a definitive agreement to divest the company’s ParishPay™ merchant portfolio to Liturgical Publications
YapStone announced a definitive agreement to divest YapStone’s ParishPay™ merchant portfolio to Liturgical Publications (“LPi”), a Catholic stewardship and communications company. The sale is consistent with YapStone’s focus on providing end-to-end payment solutions to global marketplaces and large vertical markets. ParishPay customers will be transitioning to LPi’s WeShare service, the largest electronic-giving provider serving the Catholic Church both in the US and abroad.
“The agreement to divest ParishPay to LPi is mutually beneficial for all involved,” said David Weiss, YapStone President. “Our ParishPay customers have relied on our services to maintain their online giving programs, and our team is committed to partnering with LPi to support each parish through this important transition.”
Effective as of 2/17/17 all customers have a dedicated LPi Engagement Manager that will support them and their parish donors. “We’re confident this will be a seamless transition process for customers,” said Joe Luedtke, LPi President. “The upgrade to WeShare will be fully automated and require no action by either the parish admin or donor.”
Read the full press release HERE.