What BankCard USA Merchant Services does

BankCard USA Merchant Services, founded in 1993 and headquartered in Agoura Hills, California, operated as a credit card processing company serving B2B merchants across the United States. On September 30, 2025, BankCard USA Merchant Services merged with Preferred Payments, Inc. to form ECRYPT Inc., a unified payment technology company operating under the ECRYPT brand. The combined entity is registered as an ISO/MSP with six banking and processing partners — Elavon, Fifth Third Bank, Citizens Bank, Westamerica Bank, Esquire Bank, and Moneris Canada — providing redundant processing rails and cross-border capability into Canada.

ECRYPT's core product suite consists of four offerings: Payment Processing (marketed as Seamless Pay), which provides integrated card-present and card-not-present transaction processing across online, in-person, and multi-channel environments; Dynamic Checkout, a customizable checkout and invoice page builder supporting subscriptions and e-commerce flows; Cloud EMV, a cloud-based EMV terminal management product enabling P2PE terminal provisioning in seconds and multi-location device management; and an ISV Partner Program that allows independent software vendors, platforms, and marketplaces to embed ECRYPT's payment APIs and monetize integrated payments. The underlying platform is cloud-based and includes integrated tokenization, PCI Level 1 compliance, and 24/7 fraud protection. Distribution combines direct enterprise sales, a self-serve SMB onboarding funnel (Get Started / Get a Test Account), and an API-first developer channel via developer.ecrypt.com.

Revenue is generated primarily through transaction-based fees on processed payment volume (a residual/transaction-fee model typical of ISO/MSPs), supplemented by managed services revenue from ISV partner integrations. Pricing is not publicly disclosed and is quote-based via the sales team. The customer base is B2B with a horizontal segmentation approach — the company serves diverse merchant types requiring integrated multi-channel payment processing rather than a specific vertical.

Name

BankCard USA Merchant Services

Legal name

ECRYPT INC.

Website

https://bankcardusa.com

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

101–250 employees

Short description

ECRYPT Inc. (formerly BankCard USA Merchant Services) is a PCI Level 1 certified payment processing ISO/MSP serving B2B merchants across the US and Canada, offering integrated card-present and card-not-present processing, cloud-based EMV terminals, and an ISV partner program for embedded payments.

Ownership category

akta.pro rank

Product category

Payment Processing

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Nondepository Credit Intermediation (5222)

SIC

Finance Services (6199)

akta.pro primary industry

EMV Chip, Magstripe & PIN Debit Acceptance (FSAMADAG)

akta.pro secondary industry

Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

Keywords

• Credit card processing
• Payment gateway services
• Merchant payment solutions
• Integrated payment platform
• Embedded payment API

Headquarters

HQ city

Agoura Hills

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales, Others

Revenue model

1. Payment Processing Services: Transaction-based revenue from processing credit card payments across card-present and card-not-present channels, including online, in-person, and multi-channel environments. Includes optimization services for level 2/3 processing.
2. API and Integration Services: Revenue from ISV partners, platforms, and marketplaces integrating ECRYPT payment capabilities, with support for onboarding, PCI compliance, and dedicated customer support.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels3 records

Core offering

BankCard USA Merchant Services (now ECRYPT) is a B2B payment technology company that provides an integrated payment ecosystem for businesses to accept credit card payments online, in-person, and across multi-channel environments. Its core offering combines a payment gateway, transaction processing, cloud-based EMV terminal management, customizable checkout and invoicing, credit card tokenization, and 24/7 fraud protection, delivered through a public API and ISV partner program for embedded payments.

Product overview

ECRYPT (formerly BankCard USA Merchant Services combined with Preferred Payments) operates as a unified B2B payment technology platform offering an integrated payment ecosystem. The core product suite includes Payment Processing (Seamless Pay) for managing all transaction types across online, in-person, and multi-channel environments; Dynamic Checkout for customizable checkout pages, invoicing, and subscription management; and Cloud EMV for cloud-based in-person payment terminals with P2PE security. The ISV Partner Program enables developers and platforms to integrate and monetize embedded payments.

Differentiator

Problem solved

Functional benefit

Products and services

• Payment Processing (Seamless Pay) An integrated payment processing suite for managing all transaction types online, in-person, or multi-channel, providing streamlined and efficient payment acceptance across any device and channel for B2B merchants.
• Dynamic Checkout Customizable checkout and invoice pages that allow B2B businesses to tailor the payment experience to their brand, simplify subscriptions, streamline invoicing, and optimize e-commerce flow.
• Cloud EMV Cloud-based EMV payment solution that enables setup of P2PE credit card terminals in seconds, manages devices across multiple locations, and eliminates legacy workstations for in-person card-present payments.
• ISV Partner Program Partnership offering for independent software vendors, platforms, and marketplaces to integrate embedded payments via ECRYPT's API, monetize payment flows, and facilitate secure, compliant transactions with dedicated support and PCI scope management.

Segments1 record

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Seven partnerships are on record, tiered core.

• Elavon, Inc.coreOthersECRYPT INC. is a registered ISO/MSP of Elavon, Inc. Georgia, enabling payment processing services through Elavon's infrastructure.
• Fifth Third BankcoreOthersECRYPT INC. is a registered ISO/MSP of Fifth Third Bank, Cincinnati, OH, enabling payment processing services.
• Citizens Bank, N.A.coreOthersECRYPT INC. is a registered Independent Sales Organization of Citizens Bank, N.A., Providence, RI.
• Westamerica BankcoreOthersECRYPT INC. is a registered ISO/MSP of Westamerica Bank, Santa Rosa, CA.
• Esquire Bank, N.A.coreOthersECRYPT INC. is a registered ISO/MSP of Esquire Bank, N.A., Jericho, NY.
• Moneris CanadacoreOthersECRYPT INC. is a registered ISO/MSP of Moneris Canada, enabling cross-border payment processing capabilities.
• ISV Partners (Developers, Platforms, Marketplaces)coreTechnology or IntegrationPartner program for independent software vendors, platforms, and marketplaces to integrate ECRYPT's payment processing capabilities and monetize embedded payments with full support from onboarding through PCI compliance.

Scale indicators1 record

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• PayPal (Braintree): Major payment network and acquirer (via Braintree) serving merchants with gateway, processing, checkout, and embedded APIs. Competes with ECRYPT in online processing, subscription billing, and platform/ISV integrations, while also operating PayPal and Venmo wallets.
• Block (Square): Full-stack merchant acquirer and POS provider offering card-present and card-not-present processing, embedded payments, and developer tools. Comparable to ECRYPT across POS, online checkout, and software-integrated payments, but with much larger scale and proprietary processing.
• Stripe: Global cloud-based payment processor with developer-first API, embedded payments, and broad acquiring capabilities. Overlaps with ECRYPT on card-not-present processing, Dynamic Checkout/subscriptions, and ISV/embedded partner GTM, but operates at significantly larger scale and with proprietary (non-ISO/MSP) rails.
• Adyen: Global unified payments platform serving enterprise merchants and platforms with proprietary acquiring, gateway, POS, and embedded payment APIs. Comparable to ECRYPT on multi-channel processing, ISV/platform integrations, and revenue optimization, though materially larger and globally diversified.
• Heartland Payment Systems (Global Payments): Large ISO/processor serving SMB and mid-market merchants with POS, gateway, and ISO partner/reseller program. Directly comparable to ECRYPT on ISO/MSP-style distribution, multi-channel processing, and partner-led merchant acquisition.
• FIS (Worldpay): Major global payments and merchant acquiring provider with gateway, processing, POS, and developer/embedded APIs (including Worldpay). Comparable to ECRYPT on multi-channel processing, embedded payments, and platform integrations, though operating at vastly larger scale and with proprietary acquiring rails.

Direct peers

• North (formerly North American Bancard): Direct ISO/MSP merchant services competitor offering card-present and card-not-present processing, POS, gateway, and an agent/partner program. Closely comparable to ECRYPT on ISO-style business model, SMB and mid-market merchant focus, and multi-bank acquiring relationships.
• Helcim: Direct ISO/MSP-style merchant services competitor offering card-present and card-not-present processing, transparent interchange-plus pricing, and B2B-focused tools. Closely comparable to ECRYPT on payment processing, multi-channel acceptance, and SMB/mid-market merchant focus.
• Payment Depot: Wholesale merchant services provider offering interchange-plus pricing, online and in-person processing, and an ISV/agent program. Directly comparable to ECRYPT on ISO-style payment processing for SMB and mid-market merchants.
• Stax by Fattmerchant: Subscription-based payment processor and ISV platform targeting B2B and SaaS partners with embedded payments, developer APIs, and interchange-plus pricing. Comparable to ECRYPT on ISV partner program, embedded payments, and API-first developer GTM.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/bankcardusa

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about BankCard USA Merchant Services