Capital Payments LLC, headquartered in Atlanta, Ga., announced it has merged wtih Tulsa, Okla.-based Bluefin Payment Systems. Capital Payments is an electronic payment processor that is also a strategic partner to integrated software vendors (ISVs), developers and software as a service (SaaS) providers serving more than 15,000 businesses in the U.S. and Canada.

Capital Payments said that in an effort to stay ahead of a growing demand for secure gateway solutions in the payment industry, it will begin offering payment acceptance technology solutions leveraging Bluefin's processing platform.

For its part, Bluefin Payment Systems specializes in secure payment processing solutions, including tokenization, end-to-end encryption, transparent redirection, and mobile payments.

"As we all know, payment processing technologies have advanced ... and businesses today need a much higher level of security as well as a variety of options to keep up with the growing consumer demand for electronic payment processing," said John M. Perry, president and CEO of Capital Payments.

Perry said Capital Payments could use Bluefin's proprietary gateway to offer current and future partners and merchants a sophisticated, easy-to-use, all-in-one payment processing solution with standard products, such as debit, credit and ACH, along with the added benefit of more secure capabilities.

Bluefin's secure recurring and subscription capabilities are aimed at the education, faith-based, insurance and non-profit industries. With the merger, Bluefin is looking to expand its market presence, while Capital Payments remains focused on providing the Bluefin gateway to ISVs, developers and major e-commerce merchants across all industries. 

The Bluefin gateway is being integrated into Capital Payments' product line. The company plans to release the latest version of its mobile offering through the gateway later this summer.

No information was released on how the companies would be structured following the merger.