ST. LOUIS–(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.
Contacts
Kenn Entringer, 314/721-2828
