ST. LOUIS–(BUSINESS WIRE)–Cass Information Systems, Inc. (NASDAQ:CASS) has reached an agreement to acquire the assets of mobile church management software (ChMS) developer Point-of-contacta division of The Pursuant Group, Inc.., based in Dallas, TX. TouchPoint’s solutions help faith-based and nonprofit organizations engage their members and effectively manage their business.
Ross MillerPursuant’s current chief operating officer and president of TouchPoint, will join Cass as vice president and lead the combination of TouchPoint with Gyve Generosity Services, also owned by Cass. Gyve is an online donation platform that combines several ways to donate (including credit card, debit card and direct debit) with generosity advice and banking offers, such as loan and deposit services .
“By adding online gift processing capabilities to TouchPoint’s current suite of services, the new division will offer faith-based and nonprofit organizations an all-in-one solution,” said Martin Reschgeneral manager of Cass Information Systems. “TouchPoint provides the growth-oriented support these organizations are looking for and demonstrates Cass’ increased commitment to this important segment.”
“Enhancing TouchPoint with Gyve’s donation platform significantly enhances our current offering to customers,” Miller noted. “With Cass, TouchPoint builds on the advanced capabilities of a regulated commercial bank. TouchPoint becomes a single-source financial and technology partner, making it easier for customers to manage member activities, achieve their financial goals and make a difference in their communities.
Cass Commercial Bankthe wholly-owned banking subsidiary of Cass, has provided banking products to faith-based and other nonprofit entities since 1994. It has more than 250 faith-based and nonprofit customers across the United States and has funded over $1 billion. 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 customers and is consistently ranked 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 companies to achieve visibility, control and efficiency of their supply chains, communication networks, facilities and other operations. Disbursing more than $80 billion a year on behalf of its clients and with total assets exceeding $2.4 billion, Cass is solely backed by Cass Commercial Bank. Cass is part of the Russell 2000®. More information is available at www.cassinfo.com.