Electronic Payments
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
Where Electronic Payments is headquartered
LocationHeadquarters
- 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 offeringCore 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 profileNamed customers10 records
Segments4 records
Ideal customer profiles4 records
Electronic Payments technology and API
TechnologyTechnology 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 signalPartnerships
Four partnerships are on record, tiered core.
- HandpointcoreEPI 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.coreElectronic 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.coreElectronic 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 CaliforniacoreElectronic 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 assessmentDirect 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 social profiles
Digital presenceElectronic Payments compliance and trust
Trust signalCompliance1 record
Electronic Payments financial estimates
Financial estimateRevenue estimate
Valuation estimate
Electronic Payments leadership team
Management profileNumber of profiles
Profiles3 records
Electronic Payments subsidiaries and ownership
Company hierarchySubsidiaries2 records
Electronic Payments funding detail
Funding detailFunding 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 investmentM&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?
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.
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.