What Transactility does

Transactility, Inc. is a privately-held software company headquartered in Boca Raton, Florida, that provides commercial licensing, support, and consulting services for the jPOS.org open-source project. Founded circa 2004 by Alejandro Revilla (CTO), with Constantino Voulgaris as CEO, Transactility operates as the commercial steward of jPOS — the de-facto open-source implementation of the ISO-8583 financial transaction messaging standard, written in Java and used by 5,000+ developers across 120+ countries to process billions of transactions daily. The company's distributed team of 42+ professionals spans five continents, with core engineering presence in Montevideo, Uruguay alongside the Boca Raton HQ.

Transactility's product portfolio is anchored by jPOS (available under AGPL community edition or $4,650/year-per-instance commercial license) and extends into commercial offerings collectively marketed as The Payments Platform (TPP): jPTS, a high-speed transaction switch with dynamic routing and HSM integration; jCARD, a card management system supporting credit, debit, gift, and loyalty cards with EMV/contactless and fraud management; and ISO/Bridge, a $14,500/node turn-key abstraction that exposes ISO-8583 as XML, JSON, or REST. Supporting modules include jPOS-EE (enterprise extensions), MiniGL (real-time double-entry accounting), and jCMF (card management framework). All commercial products ship with full source code, and the company explicitly markets a 10X cost advantage over proprietary alternatives and a 3X faster implementation timeline.

The business model combines per-instance commercial licensing, perpetual node licenses for ISO/Bridge, T&M consulting engagements ranging 3–36+ months, and subscription support/NOC services. Revenue is not publicly disclosed. Go-to-market blends community-led growth (the open-source jPOS project, free monthly webinars, developer forums) with enterprise field sales targeting FinTech startups through Fortune 500 banks, payment schemes, retailers, and systems integrators. Named customers include Visa, Mastercard, ACI, PayPal, Walmart, Capital One, ING, ANZ, Santander, Hitachi, Huawei, Ingenico, Idemia, Capgemini, Atos, and emerging-market fintechs such as Finix, Pomelo, Unit, Grab, D-Local, Naranja X, First Bank Nigeria, and African Bank. The company is founder/management-owned with no disclosed institutional investment, and is actively modernizing the platform — most notably with the November 2024 release of jPOS 3.0.0, which introduces Java 23 baseline, Virtual Threads, and cloud-native observability.

Name

Transactility

Legal name

Transactility, Inc.

Website

https://transactility.com

Company type

Private

Founded year

2004

Operating status

Operating

Headcount range

11–50 employees

Short description

Transactility provides commercial licensing, support, and consulting for jPOS, the de-facto open-source Java ISO-8583 payment framework. It serves banks, payment schemes, retailers, fintechs, and systems integrators globally through per-instance licenses and T&M services.

Ownership category

akta.pro rank

Product category

Payment Processing Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Software Publishers (5132), Custom Computer Programming Services (541511)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Processor Back-End & Switch Providers (Issuer/Acquirer Processing Infrastructure) (FSAMABAJ)

akta.pro secondary industries

Real-Time Payments (RTP) Processing & Clearing (FSAMAHAC), Payment Reconciliation, Reporting & Settlement Infrastructure (FSAGABAH), Software License Resale & Optimization (Perpetual/Subscription) (BPAEAOAC)

Keywords

• Payment processing software
• ISO-8583 framework
• Transaction switching
• Card management systems
• Open-source payments

Headquarters

HQ city

Boca Raton

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. jPOS Commercial License: Annual license fee granting rights to use jPOS commercially without AGPL obligations. Includes updates for same major versions and eligibility for consulting services. $4,650 per instance per year per customer.
2. ISO/Bridge License: Commercial deployment license bundled with turn-key software and consulting services. $14,500 per physical node. Extension pricing for additional nodes and endpoint protocols.
3. Consulting Services: Time and materials based engagements ranging from 3 to 36+ months. Services include architectural reviews, PCI certification assistance, performance optimization, custom training.
4. jPTS and jCard Licenses: Separate commercial licenses for card management system and transaction switch. Source code provided at day 0. Priced at 10X less than comparable proprietary solutions.
5. Support and Training: Follow-the-sun support desk, custom training programs, and team building assistance. Free jPOS webinars for awareness; paid training for deeper engagement.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels6 records

Core offering

Transactility provides commercial licensing, support, and consulting services for the open-source jPOS Java framework (the de-facto ISO-8583 financial transaction implementation), together with proprietary payment infrastructure products: jPTS (transaction switch), jCARD (card management system), and ISO/Bridge (ISO-8583 abstraction). The company bundles enterprise extensions (jPOS-EE, MiniGL double-entry accounting, jCMF) with commercial licenses and offers time-and-materials consulting engagements of 3-36+ months for payment system implementations, PCI certification, and scalability optimization.

Product overview

Transactility offers a portfolio of payment technology products built on the open-source jPOS framework. The core offering is jPOS, a Java-based ISO-8583 financial transaction library available under AGPL or commercial license. On top of jPOS, Transactility provides two commercial products: jPTS (transaction switch) and jCARD (card management system), collectively marketed as The Payments Platform (TPP). ISO/Bridge is an add-on that simplifies ISO-8583 integration for legacy systems. The portfolio also includes jPOS-EE (enterprise extensions), MiniGL (real-time double-entry accounting), and jCMF (card management framework), all included with the commercial license. Commercial services include consulting, support/NOC desk, and free monthly webinars.

Differentiator

Problem solved

Functional benefit

Brands

• jPOS: Open-source Java platform-based, mission-critical, ISO-8583 based financial transaction library/framework. The de-facto open-source implementation of the international ISO-8583 standard.
• jPOS.org

Products and services

• jPOS (Commercial License) Java-based, mission-critical ISO-8583 financial transaction library/framework for implementing financial interchanges. The de-facto open-source implementation of the ISO-8583 standard, used by thousands of developers in 120+ countries, powering billions of transactions daily. Available under AGPL (community) or commercial license, with commercial license priced at $4,650 per instance per year per customer.
• jPTS (Transaction Switch)

Quantifiable outcome

• 10X cost reduction compared to proprietary transaction switches and card management systems
• +3 more outcomes

Named customers27 records

Segments5 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration6 records

Feature7 records

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• SIA (Nexi Group): SIA provides payment infrastructure, processing, and card management services across European and global markets, competing with Transactility in high-volume transaction switching for banks and financial institutions.
• OpenWay: OpenWay provides Way4, a digital payment processing platform for issuing, acquiring, switching, and card management — directly competing with Transactility's jPTS and jCARD products across banks and processors worldwide.
• Compass Plus: Compass Plus offers TranzWare and TranzAxis product suites covering card issuing, ATM/POS driving, and transaction switching — a proprietary alternative to jPOS-based jPTS/jCARD for retail banks and payment processors.
• ACI Worldwide: ACI Worldwide is a direct competitor in transaction switching and payment processing software with its flagship Base24 product line, serving banks, processors, and retailers globally — the same buyer segments Transactility targets with jPTS.

Broad incumbents

• Temenos: Temenos provides core banking, payments, and wealth management software to banks globally — a broad incumbent whose payments and digital banking modules intersect with Transactility's payment infrastructure offering.
• Finastra: Finastra is a large financial software vendor providing core banking, lending, payments, and treasury solutions to banks globally — a broad incumbent whose payments and digital channels portfolios overlap with Transactility's switch and card management offerings.
• Fiserv: Fiserv is a large financial services technology company providing account processing, card services, and merchant acquiring (including the Clover platform) — competing with Transactility at the broader bank and processor layer.
• FIS: FIS is a major financial technology provider with Worldpay merchant acquiring and a broad banking/payments software suite — a large incumbent whose card and payment processing capabilities overlap with Transactility's TPP stack.

Emerging players

• Marqeta: Marqeta is a modern card-issuing and payment-processing platform built on open APIs, serving fintechs and embedded finance use cases — overlapping with jCARD for issuing but delivered as a cloud-native SaaS rather than on-prem software.
• Stripe: Stripe offers payment processing infrastructure with strong developer focus and global reach, addressing similar developer-led adoption motion as jPOS but in the acquiring/processor layer rather than ISO-8583 switch layer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/transactility
• LinkedInlinkedin.com/company/transactility

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

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 Transactility