Electronic Payment Exchange

What Electronic Payment Exchange does

Electronic Payment Exchange (EPX), founded in 1979 and headquartered in Troy, Michigan, is a fully integrated international payments platform that operates as processor, acquirer, gateway, and backend service partner under a single contract and single point of integration. The company serves merchants, retailers, banks, ISOs, and franchises across 14 verticals including retail, restaurant, education, healthcare, non-profit, automotive, government, franchise, beauty, self-service, hotels, banking, CBD, and gaming, with operating reach across the United States, Canada, Europe, Latin America, and the Caribbean. EPX is registered as an ISO of BMO Harris Bank, Citizens Bank, The Bancorp Bank, and FFB Bank, and is a wholly owned subsidiary of North American Bancard Holdings following NABH's 2014 acquisition.

The platform is built on proprietary technology components including BuyerWall tokenization (which issues BRIC tokens so sensitive cardholder data never enters merchant systems), SecureConnect P2PE (a PCI-validated point-to-point encryption solution), the WebSuite web-based reporting and dispute management interface, and the PayPage hosted payment page for ecommerce merchants. Supporting products include credit card and ACH processing, a virtual terminal, mobile acceptance, and a specialized Debt Repayment Program with capped interchange fees. The vPOST product extends POS terminal emulation into web browsers for the gaming vertical. EPX processes a portfolio exceeding $18 billion in annual payment volume and delivers real-time interchange optimization as a core functional benefit.

EPX earns revenue primarily through transaction fees on credit, debit, stored value, and ACH/electronic check processing, with quote-based pricing customized by merchant and partner program. Distribution combines direct sales to merchants, a Payment Facilitator program that lets ISO and software partners onboard sub-merchants with their own pricing and risk parameters, and Banking Alliances that route EPX processing through financial institution partners. The company employs 51 to 100 people across a Troy, Michigan headquarters and a Tempe, Arizona development and data center office, with Timothy Oneacre serving as General Manager.

Name

Electronic Payment Exchange

Legal name

Electronic Payment Exchange

Website

https://epx.com

Company type

Private

Founded year

1979

Operating status

Operating

Headcount range

11–50 employees

Short description

Electronic Payment Exchange (EPX), based in Troy, Michigan, is a fully integrated payments platform acting as processor, acquirer, and backend service partner for merchants, banks, and ISO partners across 14 verticals in the U.S., Canada, Europe, Latin America, and the Caribbean.

Ownership category

akta.pro rank

Product category

Payment Processing Services

NAICS

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

akta.pro primary industry

Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)

akta.pro secondary industry

EMV Chip, Magstripe & PIN Debit Acceptance (FSAMADAG)

Keywords

• Payment processing services
• Credit card processing
• Merchant acquirer services
• Payment gateway solutions
• PCI compliant processing

Headquarters

HQ city

Troy

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Payment Processing Services: EPX charges merchants transaction fees for processing credit cards, debit cards, stored value, and ACH/electronic check payments. The company operates as a fully integrated processor, acquirer, and backend service partner.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

EPX is a fully integrated international payments platform that combines the functions of an ISO, merchant acquirer, gateway, front-end processor, and back-end processor under a single contract. It processes credit cards, debit cards, stored value, and ACH/electronic check transactions for merchants, banks, ISOs, and franchises across retail, restaurant, education, healthcare, government, gaming, and other verticals.

Product overview

EPX is a single unified payments platform that serves as processor, acquirer, and backend service partner. The core platform combines credit card processing, Ecommerce/MOTO (via PayPage), Virtual Terminal, Mobile, and WebSuite Reporting into one integrated system. The platform is enhanced by SecureConnect P2PE for point-to-point encryption and the Debt Repayment Program for specialized loan payment processing. The proprietary BuyerWall technology provides end-to-end encryption and tokenization across all transaction types. The Payment Facilitator Program enables ISOs and partners to onboard sub-merchants. The Payment Facilitator Program allows customized pricing and sub-merchant management. This unified architecture delivers end-to-end processing from a single point of integration with one contract and one point of responsibility.

Differentiator

Problem solved

Functional benefit

Brands

• SecureConnect P2PE: A PCI-validated, point-to-point encryption solution for secure card-present transactions.
• PayPage
• WebSuite
• BuyerWall

Products and services

• Credit Card Processing Full-service credit card, debit card, stored value, and electronic check (ACH) payment processing with state-of-the-art encryption and tokenization, providing end-to-end processing from authorization through batch settlement for merchants across retail, restaurant, healthcare, government, education, and other verticals.
• Ecommerce/MOTO (PayPage) Online credit card payment processing for ecommerce and MOTO merchants via the hosted EPX PayPage solution, enabling outsourced PCI compliance, customizable branding, and seamless integration with merchant websites.
• Virtual Terminal Web-based virtual payment terminal requiring no integration or hardware, supporting POS swipe, keyed entry, PIN debit, MOTO, and ecommerce transactions with real-time authorization including CVV and AVS verification.
• Mobile Payment Processing Mobile payment processing enabling merchants to accept credit card and PIN debit payments anywhere using smartphones, tablets, or wireless terminals, secured by end-to-end encryption and BuyerWall tokenization.
• SecureConnect P2PE PCI-validated point-to-point encryption solution that secures payment card data at the point of interaction, manages encryption/decryption devices, and uses secure cryptographic key operations to reduce merchant PCI compliance scope.
• Debt Repayment Program Specialized payment solution for loan servicers and lenders accepting loan repayments via Visa, Mastercard, and Discover, featuring capped interchange fees, optional convenience fees for debit card acceptance, and automatic credit card declination for regulatory compliance.
• Payment Facilitator Program Program enabling partners to function as payment facilitators by onboarding and managing their own sub-merchants with customized pricing, risk management, and funding, leveraging EPX's processing, tokenization, PCI compliance assistance, and API integration with dedicated relationship management.

Quantifiable outcome

• Over $18 billion in annual processing volume
• +1 more outcomes

Named customers1 record

Segments14 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• GuestVision Technology SolutionscoreStrategic or Co-development Partner · 14 March 2016EPX partnered with GuestVision to function as their preferred EMV payment processor. Through this partnership, EPX provides GuestVision customers with EMV-ready, fully integrated payments solutions including Fantastic Sams locations nationwide. GuestVision provides POS solutions for schools, salons, and barber shops.

Scale indicators3 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Stripe: Global integrated payment processor and acquirer serving online and omnichannel merchants. Comparable as a unified processor/acquirer/gateway stack with tokenization, fraud, and reporting layers; competes head-to-head for digital-first and enterprise merchants.
• Authorize.Net: Payment gateway and processor serving SMB and mid-market merchants with tokenization, fraud, and hosted checkout. Comparable as a smaller-scale integrated payments platform serving similar verticals and merchant profiles.
• Adyen: Global unified payments platform combining gateway, processor, and acquirer functions under one contract. Directly comparable business model to EPX, particularly in cross-border acquiring across Europe, North America, and Latin America.
• PayPal: Integrated payments platform offering processing, gateway, and checkout solutions to merchants globally. Comparable unified stack and tokenized security architecture targeting online and omnichannel merchants across multiple verticals.
• Block (Square): Integrated POS and payment processing provider serving small and mid-sized merchants in retail and restaurant verticals. Comparable on bundled hardware-plus-processing model and vertical-specific merchant focus.
• Heartland Payment Systems: Mid-sized payment processor and acquirer historically focused on SMB and vertical markets including restaurant and education. Closely comparable in scale and vertical segmentation prior to its acquisition by Global Payments.
• North American Bancard: Parent company of EPX and a direct competitor in payment processing; operates as an ISO/MSP offering merchant services across retail, restaurant, and other verticals. Closely comparable in business model (transaction-fee processing) and target SMB/enterprise merchant base.

Broad incumbents

• Global Payments: Global payment processor and acquirer offering integrated commerce solutions. Comparable merchant acquiring model and vertical coverage, though Global Payments serves a far larger merchant base including Heartland and TSYS-legacy portfolios.
• Fiserv: Large incumbent payments and financial technology provider offering merchant acquiring, processing, and software. Overlaps with EPX in acquiring and gateway but operates across a much broader portfolio of banking and merchant services.
• FIS: Large financial technology and merchant processing incumbent providing acquiring, gateway, and enterprise commerce software. Comparable core processing capabilities but operates at vastly greater scale across multiple financial services segments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/EPX_Payments
• Facebookfacebook.com/electronicpaymentexchange/?fref=ts
• LinkedInlinkedin.com/company/electronic-payment-exchange

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Electronic Payment Exchange