Payment processing outfit On-Line Strategies secures funding

On-Line Strategies ('OLS',) headquartered in Dallas, Texas, supports organizations' payment processing needs through a variety of products and services.

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OLS has reached agreement with Copia Capital LLC for funding to support expansion of its marketing and sales efforts as well as further commercialize its product offerings.

OLS was a support oriented company until 2004, when, in response to customer requests, it began internally funded development of a new generation payment processing solution. After successful early-adopter deployments, OLS released its advanced payment solution, OLS.Switch, to the marketplace in early 2007. Recently, OLS also released OLS.Host, a 24x7x365 managed, software as a service ('SaaS') version of OLS.Switch.

"We have proven commercial products in hand and now at the stage where we need to brand our products as well as create greater market awareness that we are a serious player in the payment processing market," said Terry Richards, president and CEO of OLS. "OLS is poised to make significant inroads in the payments market throughout the Americas and Copia is eager to support their progress,'" agrees Dave Beck, managing partner at Copia Capital.

With OLS.Switch and OLS.Host, OLS has positioned itself to serve organizations of any size. OLS.Host and OLS.Switch are structured to support all forms of payments in the broader personal consumption expenditures ('PCE') market which encompasses traditional as well as emerging payment forms for consumers, whether banked or unbanked. OLS.Switch was built using up-to-date open technologies and adheres to the latest standards and best practices for payment and settlement processing. OLS.Host provides all the capabilities of OLS.Switch combined with the benefits of its fully managed SaaS environment.

OLS staff has significant operations, development and security experience and expertise and has helped many organizations reduce the implementation time for new services to their customers, cut their total cost of ownership (TCO), and improve the effectiveness of their payments solutions. OLS uuses a unique approach to strategy and technology. Our strength and vision springs from our operational backgrounds and is enhanced and reinforced by our technical skills and knowledge. Every member of the OLS team has spent significant periods of time in a 24x7x365 operating environment. That means we understand the pressure-cooker environment you face as the owner of a mission-critical operation.

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