Electronic Payments

Payment Processingelectronicpayments.com

Electronic Payments is a privately held payment processor and POS provider founded in 2000, serving 60,000+ US merchants through 1,500+ ISO/agent partners via its proprietary Cygma processing platform, Exatouch and TableTurn POS systems, and Handpoint embedded-payments APIs acquired in 2025.

Company typePrivate
Founded2000
HeadquartersCalverton, United States
Headcount501–1,000
GTM typeB2B
OfferingSoftware

What Electronic Payments does

Electronic Payments, Inc. (EPI) is a privately held payment processing and fintech company founded in 2000, headquartered in Boca Raton, Florida, with an additional operational office in Calverton, New York. The company provides merchant acquiring, point-of-sale (POS) systems, payment gateways, gift/loyalty programs, and merchant cash advances, serving over 60,000 merchants nationwide through a channel-first distribution model composed of 1,500+ Independent Sales Organizations (ISOs), agents, value-added resellers, and bank-sponsored programs (Citizens Bank N.A., KeyBank N.A., and Commercial Bank of California). EPI does not maintain an internal direct sales team, instead relying entirely on its partner network to acquire and serve merchants across retail, restaurant, service-based, and high-risk verticals.

EPI's technology stack is anchored by Cygma, a wholly-owned, in-house full-stack authorization and clearing platform that controls both frontend authorization and backend clearing, enabling processor-owned economics where the company retains the full interchange and processing margin rather than paying a third-party processor. The product portfolio includes Exatouch POS (general-purpose), TableTurn POS (restaurant-specific, launched/previewed November 2025), ProCharge payment gateway and terminal solution, Vault secure payment gateway, eGiftSolutions gift/loyalty platform, and value-added services (same-day funding, chargeback management, fraud prevention, merchant financing). Following the August 2025 acquisition of Handpoint, EPI gained developer-first APIs enabling embedded payments and multi-currency processing in 13+ currencies across the US, Canada, UK, South Africa, and Europe; the October 2025 strategic investment in Mega Payments added 2,000+ clients in low/medium/high-risk verticals and eCommerce platform integrations (Shopify, WooCommerce, Magento, BigCommerce, Authorize.net, NMI).

EPI monetizes through a combination of transaction-based processing fees (on $25B+ in annual processing volume), recurring POS and gateway subscriptions, value-added service fees, and merchant cash advance interest. The company operates under sponsorship of three acquiring banks, holds PCI DSS compliance and BBB accreditation, and is led by founder and CEO Michael Nardy, who has run the business for 25 years without outside venture capital or private equity backing.

Electronic Payments firmographics

Firmographics

Name: Electronic Payments
Legal name: Electronic Payments, Inc.
Website: https://electronicpayments.com
Company type: Private
Founded year: 2000
Operating status: Operating
Headcount range: 501–1,000 employees
Short description: Electronic Payments is a privately held payment processor and POS provider founded in 2000, serving 60,000+ US merchants through 1,500+ ISO/agent partners via its proprietary Cygma processing platform, Exatouch and TableTurn POS systems, and Handpoint embedded-payments APIs acquired in 2025.
Ownership category
akta.pro rank

Electronic Payments industry classification

Industry

Product category: Payment Processing
NAICS: Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
SIC: Finance Services (6199)
akta.pro primary industry: Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)
akta.pro secondary industries: EMV Chip, Magstripe & PIN Debit Acceptance (FSAMADAG), Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB)

Keywords

Payment processing services
Merchant services
Point of sale systems
Payment gateway solutions
Embedded payments APIs

Where Electronic Payments is headquartered

Location

Headquarters

HQ city: Calverton
HQ country: United States
HQ region: North America

Offices2 records

Markets served

Electronic 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 & Transaction Fees: EPI earns revenue from processing credit and debit card transactions for merchants. As a direct processor with processor-owned economics (via Cygma), the company retains the full interchange and processing margin rather than paying a third-party processor.
POS System & Gateway Subscriptions: Revenue from Exatouch POS, ProCharge, TableTurn POS, and Vault payment gateway products, typically sold through channel partners (agents, ISOs) to merchant customers.
Merchant Financing / Cash Advances: EPI offers merchant cash advances, providing working capital to small businesses with repayment through a percentage of future credit card sales.
Value-Added Tools & Services: Additional revenue from add-on services including fraud prevention, chargeback management, same-day funding, gift card programs, and loyalty solutions.

Pricing tiers

Model	Billing	Price
Subscription	Monthly	Membership-based pricing model (Mega Payments)

Go-to-market motion2 records

Distribution channels5 records

Marketing channels6 records

Electronic Payments product offering

Product offering

Core offering

Electronic Payments (EPI) is a payment processor and merchant services provider that delivers in-house card acceptance, point-of-sale software, payment gateways, gift/loyalty programs, and merchant cash advances to more than 60,000 U.S. businesses. Its wholly-owned Cygma platform powers end-to-end authorization and clearing, enabling processor-owned economics for ISOs, agents, and financial institution partners.

Product overview

Electronic Payments (EPI) offers a platform-plus-modules architecture built around its proprietary Cygma processing platform. The core technology stack includes Cygma (full-stack authorization and clearing), Exatouch POS (full-featured point of sale), ProCharge (payment gateway), and Vault (secure payment gateway). The product suite extends through add-on modules including eGiftSolutions (gift card and loyalty) and Value-Added Tools & Services (merchant financing). Following the Handpoint acquisition, EPI added embedded payments capabilities with developer-first APIs and multi-currency support. TableTurn POS serves as a restaurant-specific POS variant. Clover POS represents a hardware partnership. Together, these products enable EPI to offer end-to-end payment processing, POS, and merchant services across retail, restaurant, and service-based industries.

Differentiator

Problem solved

Functional benefit

Brands

Cygma: Full-stack authorization and clearing platform - EPI's wholly-owned processor powering in-house payment processing
Exatouch
ProCharge
eGiftSolutions
Handpoint
Vault
TableTurn

Products and services

Cygma Full-stack in-house authorization and clearing platform that powers Electronic Payments' merchant processing, enabling processor-owned economics for ISOs, agents, and merchants.
Exatouch POS Full-featured point-of-sale system for retailers, restaurants, and service-based businesses with inventory management, customer database, loyalty programs, employee management, reporting, and 24/7 technical support.
Clover POS (powered by EPI) POS solution bundling Clover hardware with Electronic Payments' processing services, sold through EPI's partner channel.
ProCharge Payment gateway and customer-facing terminal solution with desktop application integration for in-person card processing.
eGiftSolutions Gift card and loyalty platform enabling custom-branded gift cards, loyalty programs, and promotional campaigns integrated with merchant POS systems.
Vault Secure payment gateway for online and card-not-present payment processing by merchants.
Handpoint Embedded Payments Developer-first embedded payments platform acquired by EPI, offering APIs for ISVs and payment institutions with multi-currency processing in 13+ currencies under a single border-agnostic contract.
TableTurn POS Restaurant-specific POS platform with integrated payments, offline processing, and features for chain restaurants, QSRs, and fine dining establishments.
Value-Added Tools and Services Suite of add-on services including merchant financing, merchant cash advances, fraud prevention, chargeback management, and same-day funding.

Quantifiable outcome

Same-day funding and later cutoffs for merchants
+4 more outcomes

Companies that use Electronic Payments

Customer profile

Named customers10 records

Segments4 records

Ideal customer profiles4 records

Electronic Payments technology and API

Technology

Technology focussed Yes

API detail

Has API: No
API docs
API detail

Core technology

AI maturity

App detail

Integration6 records

Feature8 records

Electronic Payments partnerships and signals

Strategic signal

Partnerships

Four partnerships are on record, tiered core.

HandpointcoreTechnology or Integration · 19 August 2025EPI acquired Handpoint, a payments technology pioneer trusted by ISVs and payment institutions across the US, Canada, UK, South Africa, and Europe. The deal combines EPI's processor-owned economics with Handpoint's developer-first APIs, creating a border-agnostic payment platform that enables multi-currency processing in 13+ currencies under a single contract. Handpoint's CEO remains to oversee integration.
Citizens Bank, N.A.coreOthersElectronic Payments is a registered Independent Sales Organization of Citizens Bank, N.A., Providence, RI, enabling EPI to offer merchant services under the bank's sponsorship.
KeyBank, N.A.coreOthersElectronic Payments is a registered Independent Sales Organization of KeyBank, N.A., Cleveland, OH, enabling EPI to offer merchant services under the bank's sponsorship.
Commercial Bank of CaliforniacoreOthersElectronic Payments is a registered Independent Sales Organization of Commercial Bank of California, Los Angeles, CA, enabling EPI to offer merchant services under the bank's sponsorship.

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Electronic Payments competitors and assessment

Company assessment

Direct peers

Helcim: SMB payment processor with transparent membership-based pricing and direct-to-merchant GTM. Closely comparable to EPI's Mega Payments portfolio company in pricing model and SMB merchant focus.
Payment Depot: Membership-based SMB payment processor with transparent pricing. Direct comparable to Mega Payments' pricing model and merchant profile.
Toast: Restaurant-focused POS and payments platform. Directly competes with EPI's TableTurn POS offering for QSR, fine dining, and chain restaurant merchants, with overlapping integrated payments and restaurant operations features.
Stax (formerly Fattmerchant): Subscription-based payment processor serving SMBs with transparent pricing and integrated POS. Directly comparable business model to EPI/Mega Payments and similar merchant segments.
North American Bancard: Privately-held ISO-driven payment processor with proprietary processing and channel-based distribution. Closest direct peer in scale and channel-first model.
Clover (Fiserv): POS hardware and software platform from Fiserv, offered via EPI as a Preferred Partner. Direct competitor to Exatouch and TableTurn in retail and restaurant verticals.

Broad incumbents

Stripe: Developer-first payment processor and embedded finance platform. Competes with EPI's Handpoint offering for ISV embedded payments and with Vault for online/card-not-present processing.
Fiserv: Global payments and merchant acquiring giant, parent of Clover. Both partner and competitor to EPI (EPI is a Clover Preferred Partner while also competing in POS via Exatouch/TableTurn).
Square (Block): Mass-market SMB payments and POS provider. Overlaps with EPI's Exatouch and ProCharge offerings across retail and restaurant verticals, but operates as a broad incumbent with full-stack hardware, software, and lending.

Emerging players

Lightspeed Commerce: Cloud POS with integrated payments targeting retail and restaurant SMBs. Comparable in vertical focus to EPI's Exatouch and TableTurn, but with stronger omnichannel/eCommerce tooling.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

Electronic Payments compliance and trust

Trust signal

Compliance1 record

Electronic Payments financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Electronic Payments leadership team

Management profile

Number of profiles

Profiles3 records

Electronic Payments subsidiaries and ownership

Company hierarchy

Subsidiaries2 records

Electronic Payments funding detail

Funding detail

Funding overview

Funding rounds1 record

Investors1 record

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

Electronic Payments M&A and investment

M&A and investment

M&A2 records

Investments

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

Frequently asked questions about Electronic Payments

What does Electronic Payments do?

Is Electronic Payments a public or private company?

Electronic Payments is a private company. It is classified as founder individual operated bootstrapped and is currently operating.

When was Electronic Payments founded?

Electronic Payments was founded in 2000. It employs 501 to 1,000 people.

Where is Electronic Payments based?

Electronic Payments is headquartered in Calverton, United States, in the North America region.

How does Electronic Payments make money?

Four revenue lines are on record. Payment Processing & Transaction Fees are the primary driver. The others are POS System & Gateway Subscriptions, merchant Financing / Cash Advances and value-Added Tools & Services.

Who are Electronic Payments's main competitors?

Direct peers on record are Helcim, Payment Depot, Toast, Stax (formerly Fattmerchant), North American Bancard and Clover (Fiserv). Broad incumbents are Stripe, Fiserv and Square (Block). Lightspeed Commerce is listed as an emerging player.

Does Electronic Payments have an API?

No public API is recorded for Electronic Payments.

What industry is Electronic Payments in?

Electronic Payments's product category is Payment Processing. Its primary akta.pro industry code is FSAMABAA, Integrated Payment Processors (PSP/Acquirer), with a secondary code of FSAMADAG, EMV Chip, Magstripe & PIN Debit Acceptance. Its NAICS code is 522320 and its SIC code is 6199.