Run Payments
Run Payments is a Chicago-based payment orchestration platform enabling ISVs, ISOs, and merchants to process transactions across multiple gateways via unified APIs. Founded by former CardConnect leaders, it operates as a registered ISO of Wells Fargo and Fifth Third Bank.
- Company typePrivate
- Founded2022
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Run Payments does
Run Payments is a Chicago-based payment orchestration platform founded in 2022 by former CardConnect executives—including CEO Rob Nathan (ex-CardConnect product and integrated payments), CTO Joe Summers (ex-CTO of CardConnect), CFO Dimitri Panos, and CSO Rich Wheeler—that enables Independent Software Vendors (ISVs), Independent Sales Organizations (ISOs), and merchants to process and manage transactions across multiple payment processors through a unified interface. The company addresses fragmentation in the payments ecosystem by abstracting multi-processor complexity behind a single operating layer, targeting ISVs seeking to embed payments and ISOs managing merchant portfolios as its primary customer segments.
The platform is organized around three product lines: Run Partner (an orchestration command center for ISOs and ISVs to monetize payments, onboard merchants, and track residuals), Run Merchant (an omnichannel acceptance portal for direct merchants), and Run Developer (an API suite for SaaS integration). The underlying technology connects a broad stack of processing and gateway partners—Fiserv, Payroc, Cardpointe, Cybersource, TSYS, Worldnet, iStream ACH, Paya, TeleCheck, ACheck, and Accept.blue—through normalized APIs, a unified data model, a Runner.js tokenization SDK (currently version 1.5.5), Hosted Payment Pages, and webhook-based event systems for boarding and transactions. Run Payments operates as a registered Independent Sales Organization (ISO) of Wells Fargo Bank, N.A. (Concord, CA) and Fifth Third Bank, N.A. (Cincinnati, OH), enabling the firm to sponsor merchant accounts under those bank charters and offer processing services across POS (Clover, Lightspeed, Revel, Micros), eCommerce (Shopify, BigCommerce, WordPress, GoDaddy), accounting (Xero, QuickBooks, Sage), CRM, ERP, terminal hardware, and fraud-prevention integrations.
Revenue is generated primarily through transaction-based processing fees on payment volume routed through the platform, supplemented by recurring platform access fees for partner management tooling and developer API services. The go-to-market combines a developer-first motion (public API documentation at docs.runpayments.io, Runner.js SDK distribution, release notes) with channel-partner distribution through sponsor banks and strategic alliances, including an authorized acquiring-partner relationship with Mastercard for its Receivables Manager and Commercial Direct Payments B2B products (announced July 2025) and a healthcare-focused strategic partnership with Rectangle Health (announced October 2025). Named customers include Sakon (Mastercard Commercial Direct Payments launch customer) and Rectangle Health. The company remains founder-owned with no disclosed institutional funding to date.
Run Payments firmographics
Firmographics- Name
- Run Payments
- Legal name
- Run Payments LLC
- Website
- https://runpayments.io
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Run Payments is a Chicago-based payment orchestration platform enabling ISVs, ISOs, and merchants to process transactions across multiple gateways via unified APIs. Founded by former CardConnect leaders, it operates as a registered ISO of Wells Fargo and Fifth Third Bank.
- Ownership category
- akta.pro rank
Run Payments industry classification
Industry- Product category
- Payment Orchestration Platform
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Payment Orchestration Platforms (FSAGABAA)
- akta.pro secondary industries
- Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA), Recurring Billing & Subscription Payments Enablement (FSAMACAF), Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE)
Keywords
Where Run Payments is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Run Payments business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Infrastructure, Operations, Marketing or Sales
Revenue model
- Payment Processing Fees: Revenue generated from transaction processing across multiple processors and gateways. Partners and merchants pay fees based on transaction volume processed through the platform.
- Platform/Partner Management: Run Partner platform enables ISOs and agents to manage merchant portfolios with residual tracking, reporting, and commission operations from a single command center.
- API/Developer Services: Run Developer provides API access for SaaS companies and developers to integrate payment capabilities with documentation, explorer tools, and technical partnership support.
Go-to-market motion2 records
Distribution channels5 records
Marketing channels4 records
Run Payments product offering
Product offeringCore offering
Run Payments is a multi-processor payment orchestration platform that unifies connections to multiple payment gateways and processors (Payroc, Fiserv, Cardpointe, Cybersource, iStream ACH) through a single API integration. The company sells three core product suites — Run Partner (for ISOs/ISVs managing merchant portfolios and residuals), Run Merchant (an omnichannel payment acceptance portal for merchants), and Run Developer (an API/SDK platform with Runner.js tokenization for embedded payments) — enabling partners and merchants to accept card and ACH payments, onboard merchants programmatically, automate recurring billing, and access unified reporting.
Product overview
Run Payments is a next-generation ecommerce payments operating layer built as a unified platform with three core products: Run Partner (orchestration platform for ISOs/ISVs to monetize payments and manage merchant portfolios), Run Merchant (merchant portal for omnichannel payment acceptance), and Run Developer (multi-processor API for developers). These products share a common architecture built around multi-processor orchestration, allowing connections to multiple gateways and processors through a single integration. The platform provides end-to-end capabilities including merchant onboarding via Boarding API, payment processing via Payments API, tokenization via Runner.js SDK, recurring billing via Billing Plans, ACH and card payments, Hosted Payment Pages, vault management, real-time reporting, and webhook notifications. Run Payments acts as an ISO (Independent Sales Organization) of Wells Fargo Bank and Fifth Third Bank, enabling partners to offer payment services under these sponsor banks.
Differentiator
Problem solved
Functional benefit
Products and services
- Run Partner Orchestration platform for ISOs, ISVs, and sales agents to monetize payments, onboard merchants, and manage partner revenue. Provides lead management, digital signup with e-signatures, underwriting workflows, residual tracking, and portfolio reporting from a single command center.
- Run Merchant Online merchant portal for accepting and managing payments from any place at any time. Offers omnichannel acceptance (in-store, online, invoicing, ACH), real-time reporting, flexible payment options (subscriptions, payment plans), and seamless integrations with existing tools.
- Run Developer Multi-processor API platform enabling developers to build secure payment experiences. Provides tokenization via Runner.js, payment processing, hosted payment pages, vault management, billing plans, and comprehensive APIs for payments, reporting, and merchant boarding.
- Payments API RESTful API for processing charges, captures, voids, refunds, checking surcharges, creating hosted payment pages, managing vault payment accounts, and creating billing plans. Supports multiple gateways including Fiserv, Payroc, Cardpointe, and Cybersource.
- Reporting API API for retrieving transaction data, deposits, chargebacks, and adjustments with optional JSON query filtering. Provides real-time visibility into merchant performance, funding, and chargeback data.
- Boarding API API for merchant onboarding and management including creating new merchants, listing merchants with filtering/pagination, and retrieving merchant details. Supports Fiserv and Payroc platforms.
- Runner.js Tokenization SDK JavaScript SDK for secure payment form integration and tokenization. Current stable release 1.5.5. Supports card and ACH tokenization with gateway-specific implementations for Cardpointe, Cybersource, Payroc, and iStream ACH.
Companies that use Run Payments
Customer profileNamed customers2 records
Segments5 records
Ideal customer profiles4 records
Run Payments technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration42 records
Feature11 records
Run Payments partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and minor.
- Rectangle HealthcoreStrategic partnership to modernize and streamline onboarding and payment operations within the healthcare industry. Run Payments provides orchestration platform infrastructure to support scalable growth, improved efficiency, reporting, and support for healthcare providers and software companies.
- MastercardcoreRun Payments operates as an acquiring partner for Mastercard's commercial payment solutions, including Receivables Manager (automated virtual card acceptance) and Commercial Direct Payments (straight-through B2B card payment processing). Mastercard's survey found 93% of B2B suppliers rank payment digitization as top priority, driving demand for Run's acceptance solutions.
- PayroccorePayroc is a supported payment gateway and processor within Run's multi-processor orchestration platform, enabling merchant processing through this processor.
- FiservcoreFiserv is a supported payment gateway and processor within Run's multi-processor orchestration platform, including Fiserv ACH capabilities.
- CardpointecoreCardpointe is a supported payment gateway within Run's platform with complete implementation documentation and Runner.js integration examples.
- CybersourcecoreCybersource is a supported payment gateway with Runner.js integration examples using custom card/CVV iframe containers, plus Level 2/Level 3 data processing for commercial card interchange optimization.
- Wells Fargo Bank, N.A.coreRun Payments LLC is a registered Independent Sales Organization (ISO) of Wells Fargo Bank, N.A., Concord, CA, enabling the company to offer payment processing services.
- Fifth Third Bank, N.A.coreRun Payments LLC is a registered Independent Sales Organization (ISO) of Fifth Third Bank, N.A., Cincinnati, OH, enabling the company to offer payment processing services.
- iStreamcoreiStream is a supported ACH gateway with full Runner.js implementation examples including last4 capture, account type handling, and customer name field integration.
- TSYScoreTSYS is a supported processor with VAR (Value Added Reseller) boarding capabilities and webhook event notifications for merchant status tracking.
- ElavonminorElavon is listed alongside Run Payments as an acquiring partner offering Mastercard Receivables Manager solution for B2B payment acceptance.
- EazyPayminorEazyPay is listed alongside Run Payments as an acquiring partner offering Mastercard Receivables Manager solution for B2B payment acceptance.
Scale indicators1 record
Recent moves6 records
Expansion highlights6 records
Run Payments competitors and assessment
Company assessmentBroad incumbents
- Worldpay: Worldpay is one of the largest merchant acquirers and runs its own ISV/partner platform following the Worldpay/CardConnect lineage — a broad incumbent competing with Run Payments for ISO and SaaS-embedded payments volume.
- Fiserv: Fiserv acquired CardConnect (the founders' former employer) and is both a key processor integrated into Run Payments and a competing end-to-end payments platform serving ISOs and ISVs that Run targets.
- Payroc: Payroc is a payment processor whose gateway Run Payments orchestrates against; Payroc's own ISV/ISO partner program competes with Run Partner for many of the same SaaS-platform integrations.
- Elavon: Elavon is a large merchant acquirer that — like Run Payments — is listed as an authorized acquiring partner for Mastercard's Receivables Manager solution, competing head-to-head for B2B virtual-card acceptance volume.
Direct peers
- Basis Theory: Basis Theory is a payments and data tokenization platform that abstracts multiple PSPs and gateways behind a unified API for developers — competing head-on with Run Developer and Runner.js for ISV/SaaS payment integration use cases.
- Spreedly: Spreedly offers payment orchestration and vaulting infrastructure that lets merchants route transactions across multiple gateways and PSPs through a single API — the closest architectural match to Run Payments' multi-processor orchestration and vault management for ISV/SaaS platforms.
- Stax: Stax is a payments-as-a-service platform built for SaaS platforms and ISVs to embed and monetize payments, with developer APIs and partner management — closely aligned to Run's Run Partner + Run Developer dual-product positioning.
- Infinicept: Infinicept (formerly known as YapPay) operates a PayFac-as-a-Service and embedded payments platform targeting vertical SaaS and fintechs — the same ISO/PayFac enablement niche Run Payments targets via Run Partner.
- Pagos: Pagos provides a payment orchestration platform with smart routing, cascading, and processor optimization for online merchants — directly overlapping Run Payments' orchestration, gateway abstraction, and fraud/routing value propositions for ISOs and merchants.
Emerging players
- Finix: Finix provides payment infrastructure (boarding, processing, payouts) that lets platforms embed and own payments end-to-end — partial overlap with Run Payments' ISO enablement stack but competing for the same ISV budget.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Run Payments social profiles
Digital presenceRun Payments financial estimates
Financial estimateRevenue estimate
Valuation estimate
Run Payments leadership team
Management profileNumber of profiles
Profiles12 records
Run Payments funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Run Payments M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Run Payments
What does Run Payments do?
Run Payments is a multi-processor payment orchestration platform that unifies connections to multiple payment gateways and processors (Payroc, Fiserv, Cardpointe, Cybersource, iStream ACH) through a single API integration. The company sells three core product suites — Run Partner (for ISOs/ISVs managing merchant portfolios and residuals), Run Merchant (an omnichannel payment acceptance portal for merchants), and Run Developer (an API/SDK platform with Runner.js tokenization for embedded payments) — enabling partners and merchants to accept card and ACH payments, onboard merchants programmatically, automate recurring billing, and access unified reporting.
Is Run Payments a public or private company?
Run Payments is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Run Payments founded?
Run Payments was founded in 2022. It employs 11 to 50 people.
Where is Run Payments based?
Run Payments is headquartered in Chicago, United States, in the North America region.
How does Run Payments make money?
Three revenue lines are on record. Payment Processing Fees are the primary driver. The others are platform/Partner Management and API/Developer Services.
Who are Run Payments's main competitors?
Broad incumbents on record are Worldpay, Fiserv, Payroc and Elavon. Direct peers are Basis Theory, Spreedly, Stax, Infinicept and Pagos. Finix is listed as an emerging player.
Does Run Payments have an API?
Yes. Run Payments offers a comprehensive API suite for developers, including: Payments API (charge, capture, void/refund, surcharge check, hosted payment pages, vault management, billing plans), Reporting API (transactions, deposits, chargebacks, adjustments), Boarding API (merchant creation, listing, retrieval), Authentication API (OAuth 2.0 token management), and Webhooks for real-time event notifications. Supports multiple gateways including Fiserv, Payroc, Cardpointe, and Cybersource. Authentication uses Bearer tokens for Payments API and OAuth 2.0 client credentials for Reporting/Boarding APIs. Developer documentation is at docs.runpayments.io.
What industry is Run Payments in?
Run Payments's product category is Payment Orchestration Platform. Its primary akta.pro industry code is FSAGABAA, Payment Orchestration Platforms, with a secondary code of FSAMACAA, Merchant Payment Gateways (API/Hosted Checkout). Its NAICS code is 52232 and its SIC code is 6199.