What E-xact Transactions does

E-xact Transactions (Canada) Ltd. is a Vancouver-based payment gateway company that securely transmits electronic payment authorization messages between merchants and their chosen payment processors or acquiring banks in real time. Founded in the early 2000s (the firm's website references 21+ years of operation as of the input window), the company has maintained continuous PCI DSS certification for over 21 years and is listed on Visa's Global Registry of Service Providers (MSSIP). It processes in excess of CAD 3.5 billion annually with peak capacity of 7M+ daily transactions across digital businesses, e-commerce platforms, software marketplaces, and physical retail merchants in North America. The platform is delivered through a REST API (v10) for direct developer integration, a PCI-validated Hosted Checkout page, the Real-Time Payments Manager (RPM) web portal (which includes Virtual POS, Quick Key batch processing, Recurring System, and reporting), and API-generated Payment Links.

The gateway supports five major processors natively — Chase Paymentech, TSYS, Elavon, Moneris, and Fiserv — via Smart Routing, allowing merchants to switch acquiring banks without re-integrating with E-xact. Apple Pay and Google Pay are supported on Hosted Checkout pages with tokenized DPAN processing. Compliance posture spans PIPEDA, GDPR, CCPA, and SWIFT CSCF, and E-xact has filed for registration under Canada's Retail Payment Activities Act (RPAA) with the Bank of Canada (pending approval). Revenue is generated primarily via per-transaction gateway fees (set out in Schedule B of the service agreement, not publicly disclosed) supplemented by annual recurring subscription terms auto-renewing on a one-year basis with monthly invoicing on net-30.

The go-to-market combines a self-serve developer onboarding path (sandbox, developer portal, free trial account creation) with direct enterprise sales engagement. On June 11, 2025, the company was acquired by European payment technology firm Paynt as the platform for North American expansion, with the combined entity now branded Exact Paynt and operating from hubs in Vancouver, Canada and Connecticut, USA. Reported headcount is 1-10 employees, and named merchant customers were not disclosed in available sources. Leadership comprises co-founders Peter Fahlman (CEO & President) and Brian Archer (CTO), CFO Gary Mathiesen, and VP Operations Derek Ferguson.

Name

E-xact Transactions

Legal name

E-xact Transactions (Canada) Ltd.

Website

https://e-xact.com

Company type

Private

Founded year

2003

Operating status

Acquired

Headcount range

1–10 employees

Short description

E-xact Transactions (Canada) Ltd. is a Vancouver-based PCI-certified payment gateway processing over CAD 3.5 billion annually, serving digital businesses, e-commerce platforms, and SaaS merchants across North America via API, Hosted Checkout, and the RPM portal. Acquired by European fintech Paynt in June 2025, the combined entity now operates as Exact Paynt.

Ownership category

akta.pro rank

Product category

Payment Gateway Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Finance Services (6199)

akta.pro primary industry

Merchant Payment Gateways (API/Hosted Checkout) (FSAMACAA)

Keywords

• Payment gateway services
• Online payment processing
• Hosted checkout solutions
• Payment API integration
• Card payment processing

Headquarters

HQ city

Vancouver

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Payment Gateway Services: E-xact operates as a payment gateway, charging merchants for transaction processing services. The gateway transmits electronic payment authorization messages between merchants and their payment processors or acquiring banks. Fees for services are outlined in Schedule B of the service agreement (not publicly disclosed).
2. Gateway Service Agreement: Annual subscription model with one-year initial term that automatically renews for additional one-year terms unless notice is given. Invoices rendered monthly on net 30 days basis.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

E-xact Transactions is a Canadian payment gateway company that securely transmits electronic payment authorization messages between merchants and their payment processors or acquiring banks in real time. The company offers an API-first payment platform with multi-processor support (Chase, TSYS, Elavon, Moneris, Fiserv), a PCI-DSS validated Hosted Checkout page, and the Real-Time Payments Manager (RPM) merchant portal for transaction visibility and recurring billing.

Product overview

E-xact (now Exact Paynt following the June 2025 acquisition by European fintech Paynt) is a payment gateway company offering a unified platform built around a core Payment Gateway, supplemented by an API for direct developer integration, a Hosted Checkout (HCO) PCI-validated payment page, Payment Links for email-based payments, and a Real-Time Payments Manager (RPM) web portal. The RPM serves as the central hub for the Real-Time Payments Manager, which contains sub-modules including Virtual Point of Sale (VPOS), Quick Key batch processing, Recurring System, Transaction Search & Management, Reporting, and User Administration. Smart Routing enables multi-processor connectivity. The platform supports tokenization via tagged transactions and seeded card storage. E-xact processes over CAD 3.5 billion annually and handles 7M+ daily peak transactions.

Differentiator

Problem solved

Functional benefit

Brands

• Real-time Payments Manager (RPM): Web-based merchant portal for viewing transaction history, running reports, searching transactions, and initiating refunds.
• Hosted Checkout (HCO)
• API Gateway

Products and services

• Payment Gateway Core payment gateway platform that securely processes and transmits payment authorization requests between merchants and banks/card networks, connecting to multiple processors (Chase, TSYS, Elavon, Moneris, Fiserv) with speed, reliability, and built-in security.
• API

Quantifiable outcome

• Handles 7M+ daily peak transactions with enterprise-grade scalability
• +1 more outcomes

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration7 records

Feature10 records

Partnerships

Six partnerships are on record, tiered flagship and core.

• PayntflagshipStrategic or Co-development Partner · 12 June 2025European payment technology company Paynt acquired E-xact Transactions in June 2025 as part of its North American expansion strategy. The acquisition established operational hubs in Vancouver, Canada and Connecticut, with plans to acquire additional companies in the United States by 2025.
• ElavoncoreTechnology or IntegrationPayment processor partner integrated with E-xact's gateway, enabling merchants to route transactions through Elavon's processing network.
• MoneriscoreTechnology or IntegrationCanadian payment processor partner providing acquiring bank services for merchants processing through E-xact's gateway.
• TSYScoreTechnology or IntegrationPayment processor partner integrated with E-xact's gateway infrastructure, offering merchants multiple processing options.
• Chase PaymentechcoreTechnology or IntegrationChase payment processor integrated with E-xact gateway, supporting advanced features like Apple Pay and Google Pay for merchants.
• FiservcoreTechnology or IntegrationPayment technology partner providing processing infrastructure for transactions routed through E-xact's gateway.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Regional players

• Bambora: European and Canadian payment service provider offering gateway and acquiring services. Comparable to E-xact in regional focus and merchant base, particularly relevant given E-xact's Paynt parentage and North American expansion.
• Moneris: Canada's largest payment processor and acquirer, also a strategic integration partner of E-xact. Comparable in Canadian market focus and merchant base, though it offers acquiring in addition to gateway services.

Broad incumbents

• Worldpay: Global merchant acquirer and gateway provider serving enterprise and SMB merchants. Overlaps with E-xact's gateway proposition while also providing acquiring that competes with E-xact's multi-processor model.
• Stripe: Global full-stack payments platform offering gateway-plus-acquiring services with a developer-first API. Competes with E-xact for software platforms and digital businesses, though at much larger scale and with transparent pricing.
• Adyen: Enterprise-focused unified payments platform combining gateway, acquiring, and processing across global markets. A relevant incumbent peer for E-xact's enterprise and platform-embedded use cases.
• Square (Block): Integrated payments and software platform targeting SMBs and mid-market merchants. Comparable to E-xact in serving digital businesses and software platforms, but with a much broader product suite.
• PayPal (Braintree): PayPal's Braintree unit offers gateway, acquiring, and alternative payment methods to merchants and platforms. A direct functional competitor to E-xact for software platforms and digital businesses.

Direct peers

• Authorize.Net: A long-standing, Visa-owned payment gateway serving SMBs and enterprises with API and hosted checkout integration. Direct functional overlap with E-xact's gateway, hosted checkout, and developer integration model.
• 2Checkout (Verifone): Payment gateway and merchant services provider focused on global digital commerce and SaaS subscriptions. Comparable to E-xact in API-first design, hosted checkout, and recurring billing capabilities.
• NMI: Payment gateway specializing in ISV, SaaS, and embedded payments with multi-processor support and white-label capabilities. Closely comparable to E-xact in technology stack and target customer profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/Exact_Payments
• Facebookfacebook.com/profile.php

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds1 record

Investors1 record

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

M&A

Investments

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

Frequently asked questions about E-xact Transactions