“Announced Tuesday, the Paya name for the Reston, Va.-based payments provider signifies a “fresh and progressive company,” Joe Kaplan, Paya chief executive, said in a press release. Chicago-based GTCR committed up to $350 million to Paya in addition to the purchase price. In addition to credit and debit card processing, Paya offers automated clearing house, check, and gift and loyalty card processing services.”