BASYS Processing Inc.

What BASYS Processing Inc. does

BASYS Processing Inc. is a privately held, US-based payment processing company founded in 2001 and headquartered in Lenexa, Kansas, operating as a registered Independent Sales Organization (ISO) of Citizens Bank N.A., KeyBank N.A., PNC Bank N.A., and Merrick Bank. The company processes card and ACH payments for small and mid-sized businesses, software/SaaS platforms, banks and credit unions (via white-labeled merchant services), and healthcare providers across more than a dozen verticals, with healthcare and dental alone accounting for 2,000+ clients. BASYS operates four parallel go-to-market motions: direct enterprise field sales, inside sales, OEM/embedded integration into software platforms, and API-first developer integrations.

The company's technical core is iQ Pro+, a proprietary all-in-one payments platform built entirely in-house and launched in late 2025, replacing a prior posture of reselling third-party tools. iQ Pro+ powers secure payment acceptance, invoicing, automated recurring billing, fraud controls (iQ Protect), and native integrations with QuickBooks (Online and Desktop) and Epic (healthcare EHR), with OAuth 2.0 authentication, MFA, PCI DSS, and P2PE compliance delivered atop Microsoft enterprise infrastructure. Adjacent offerings include SimplePay shareable payment links, Clover POS distribution, Clover Capital working-capital access, and white-labeled bank merchant services.

Revenue is generated across five streams: transaction-based processing fees on card/ACH volume, recurring iQ Pro+ SaaS subscriptions, managed-services revenue share with bank partners, licensing/royalty economics on embedded software-platform payments, and one-time professional services for onboarding and integration development. Pricing is custom-tailored rather than flat-rate; the company claims an average 15% cost saving for businesses switching to its platform. The firm doubled headcount over three years while sustaining 85% employee retention, reports an NPS above 75, and operates debt-free under 20+ years of consistent private ownership with no external funding.

Name

BASYS Processing Inc.

Legal name

BASYS Processing, LLC

Website

https://basyspro.com

Company type

Private

Founded year

2001

Operating status

Operating

Headcount range

51–100 employees

Short description

BASYS Processing Inc. is a privately held US payment processor that delivers in-person, online, and embedded card and ACH acceptance via its proprietary iQ Pro+ platform, serving SMBs, software/SaaS platforms, banks, and healthcare providers across North America.

Ownership category

akta.pro rank

Product category

Payment Processing

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)

SIC

Finance Services (6199), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)

akta.pro secondary industries

ACH & Batch Payments Clearing (FSABAJAH), Payables & Disbursements (ACH/SEPA, wires, checks, virtual cards) (FSABAIAB)

Keywords

• Payment processing services
• Merchant services platform
• Embedded payment integration
• SaaS payments software
• Bank merchant partnerships

Headquarters

HQ city

Lenexa

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Payment Processing / Transaction Fees: Basys earns transaction fees on every payment processed through its platform. This includes credit/debit card transactions, ACH/eCheck payments, and recurring billing transactions across in-person, online, and mobile channels.
2. iQ Pro+ SaaS Platform Subscription: The iQ Pro+ proprietary platform is offered as a SaaS solution providing secure payments, invoicing, automation, recurring billing, and ERP integrations. Revenue is generated through platform subscriptions with custom pricing tailored to each business.
3. Managed Merchant Services for Banks: Basys white-labels merchant services for bank and credit union partners (e.g., BayCoast Bank), generating non-interest income through competitive revenue share and processing fees. Banks refer business clients to Basys for payment solutions.
4. Embedded Payments for Software Platforms: Basys embeds payment processing into software platforms (dental, construction, healthcare ERP), generating recurring revenue through transaction fees and platform licensing from software providers who resell Basys-powered payments to their end users.
5. Professional Services & Implementation: Basys provides hands-on onboarding, custom integration development, training, and implementation support for bank and software platform partners. This includes dedicated implementation and training teams to ensure smooth onboarding.

Pricing tiers

Go-to-market motion4 records

Distribution channels6 records

Marketing channels8 records

Core offering

BASYS Processing Inc. provides payment processing services for small and mid-sized businesses, banks and credit unions, vertical SaaS platforms, and healthcare providers across the United States. Its core offering is the proprietary iQ Pro+ SaaS payments platform, which accepts card-present, online, and mobile payments, automates invoicing and recurring billing, and integrates with QuickBooks, Epic, Clover POS, and PAX terminals via secured APIs. Revenue is generated through transaction fees, SaaS subscriptions, white-labeled bank merchant programs, embedded platform licensing, and implementation services.

Product overview

Basys Processing Inc. is a payment processing company offering a unified product portfolio centered on its proprietary iQ Pro+ platform. iQ Pro+ serves as the core platform powering all payment capabilities including in-person processing, online payments, invoicing, recurring billing, and automation. The platform connects with third-party systems through integrations with QuickBooks (Online and Desktop), Epic (healthcare EHR), and Clover POS. Additional offerings include SimplePay for shareable payment links, Clover Capital for business funding, and white-labeled merchant services for banks and credit unions. iQ Protect provides fraud controls. The company has transitioned from reselling third-party tools to building proprietary solutions in-house.

Differentiator

Problem solved

Functional benefit

Brands

• iQ Pro+: A proprietary payments platform designed for business owners built entirely in-house, offering features such as secure payments, invoicing, automation, and integrations with ERP systems including QuickBooks and Epic.

Products and services

• iQ Pro+ Platform iQ Pro+ is BASYS' proprietary, all-in-one payments SaaS platform that powers secure payments, invoicing, automation, virtual terminals, recurring billing, and integrations with ERP and accounting systems. It serves as the foundation for in-person, online, and mobile payment acceptance, and underpins the Epic, QuickBooks, and SimplePay experiences.
• Payment Processing Services Comprehensive payment processing services including in-person payments via countertop and mobile terminals, online and remote payments via virtual terminals and hosted payment pages, and flexible methods such as ACH, credit, debit, surcharging, and recurring billing. Targeted at small and mid-sized businesses across multiple industries, including healthcare, dental, construction, automotive, and field service.
• White-Labeled Merchant Services for Banks and Credit Unions White-labeled merchant services program that lets banks and credit unions offer payment processing to their business clients under their own brand, with BASYS handling infrastructure, support, and implementation. Generates non-interest income for the bank through revenue share and processing fees, with documented growth outcomes for partners such as BayCoast Bank.

Quantifiable outcome

• 75+ NPS — industry-leading customer satisfaction in financial services (top 5% of all companies)
• +9 more outcomes

Named customers6 records

Segments8 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

Feature8 records

Partnerships

16 partnerships are on record, tiered core, key and notable.

• Epic SystemscoreTechnology or Integration · 1 May 2026Basys integrated its iQ Pro+ platform with Epic's patient-facing workflows, enabling patients to view balances, submit secure payments (credit, HSA, Apple Pay, Google Pay, ACH, recurring plans), and have payments automatically posted within Epic. Listed in Epic Showroom. Part of the iQ Pro+ platform.
• QuickBooks (Intuit)coreTechnology or IntegrationBasys integrates its iQ Pro+ platform with QuickBooks Online and Desktop, embedding secure payment links directly into invoices. This enables QuickBooks users to accept payments, ACH, and recurring billing within their existing invoicing workflow, simplifying accounts receivable and reconciliation.
• Clover (Fiserv)coreTechnology or IntegrationBasys distributes payment processing through the Clover POS ecosystem, offering merchants Basys-powered payments, Clover Capital funding access, and online ordering integration through Clover.
• MicrosoftcoreTechnology or IntegrationBasys is built on Microsoft's security platform, operating within a continuously monitored, enterprise-level ecosystem. Featured in a Microsoft customer case study for innovative use of Microsoft technology. OAuth 2.0, MFA, and enterprise-grade infrastructure powered by Microsoft.
• Citizens Bank N.A.coreOthersBasys Processing, Inc. is a registered ISO of Citizens Bank N.A., Providence, RI. Citizens Bank is one of several bank sponsors that enable Basys to offer merchant services.
• KeyBank N.A.coreOthersBasys Processing, Inc. is a registered ISO of KeyBank N.A., Cleveland, OH. KeyBank serves as a banking sponsor enabling Basys' merchant services program.
• PNC Bank N.A.coreOthersBasys Processing, Inc. is a registered ISO of PNC Bank N.A., Pittsburgh, PA. PNC Bank is a banking sponsor for Basys' merchant services operations.
• Merrick BankcoreOthersBasys Processing, Inc. is a registered ISO of Merrick Bank, South Jordan, UT. Merrick Bank is a banking sponsor for Basys' merchant services program.
• BayCoast BankkeyChannel Partner/ Reseller/ DistributorBayCoast Bank partners with Basys for white-labeled merchant services, enabling the bank to offer payment processing to its business clients under the bank's brand. Partnership resulted in 3X growth in active merchant accounts, 5X growth in processing volume, and ~90% annual retention.
• Allegiance GroupkeyStrategic or Co-development PartnerAllegiance Group, a leader in patient pay, billing and collections, partnered with Basys to replace fragmented gateways (Authorize.net, Worldpay) with a fully managed, healthcare-aligned payment solution integrated into the CollectPlus platform. Achieved 155% increase in onboarding and 92% retention.
• KSB Dental (DOX Platform)keyStrategic or Co-development PartnerKSB Dental partnered with Basys to modernize payments across the DOX practice management platform, replacing legacy processors with transparent, integrated payments for pediatric and family dental practices. 72 active accounts processing $4.5M monthly.
• Foundation SoftwarekeyStrategic or Co-development PartnerFoundation Software partnered with Basys for a custom payment integration into their construction accounting ERP, eliminating manual card entry, saving 540 labor hours, and reducing onboarding time by 44%. Over 30 product improvements driven by real user feedback.
• Northeastern Health SystemnotableTechnology or IntegrationNortheastern Health System partnered with Basys to replace legacy payment systems with a flexible, integrated payment solution across 27 terminals in multiple locations, deployed in just two days. Gained greater visibility and more efficient reconciliation.
• Payments DivenotableGTM or Marketing PartnerBasys partnered with Payments Dive (a media outlet covering payments industry news) to co-produce a playbook and webinar on integrated payments for software platforms, covering common pitfalls and how to reduce friction in long-term payment performance.
• Banking DivenotableGTM or Marketing PartnerBasys partnered with Banking Dive to co-produce a playbook and webinar on payments as a strategic growth driver for banks, covering how merchant services can strengthen client relationships and drive non-interest income.
• Media Finance Management (MFM)notableGTM or Marketing PartnerBasys was named a Strategic Partner of MFM, a 14-year relationship strengthening payment excellence in media and broadcasting. Basys participated in an MFM session on media payment trends.

Scale indicators17 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Stax by Fattmerchant: Stax is a subscription-style payment processor targeting SMBs and software platforms with transparent, custom pricing and integrated SaaS tools — closely aligned with Basys's value proposition and pricing model.
• Heartland Payment Systems (Global Payments): Heartland is one of the largest US payment processors and a direct ISO/sponsor competitor, offering integrated payment processing, vertical-specific SaaS integrations, and white-label bank programs targeting SMBs and software platforms.
• Gravity Payments: Gravity Payments is an employee-owned merchant services provider focused on SMBs with transparent pricing and high-touch support culture, mirroring Basys's service-led differentiation strategy.
• North American Bancard: North American Bancard is a large independent sales organization and payment processor serving SMBs with custom pricing, ISO sponsorship arrangements, and vertical specializations closely mirroring Basys's go-to-market.

Others

• TSYS (Global Payments): TSYS is a card-network processor listed among Basys's trusted partners and provides back-end issuing/processing infrastructure; it is a partner/ecosystem participant rather than a direct competitor.

Broad incumbents

• Paymentus: Paymentus is a billing and payment-processing platform with strong biller and healthcare/utility vertical exposure, competing with Basys for integrated healthcare and recurring-billing payment workflows.
• Stripe: Stripe is the dominant internet-first payment processor with a deep API platform; Basys competes with Stripe for embedded-payments opportunities in software platforms and developer-led integrations.
• Clover (Fiserv): Clover is Fiserv's SMB-focused POS and payments platform; Basys distributes through Clover and competes for the same SMB merchant relationships, though Clover operates at much larger scale as part of Fiserv.
• Square (Block): Square provides integrated POS, payment processing, and software-led commerce solutions to SMBs across verticals, overlapping significantly with Basys's SMB and vertical-software customer base.
• Paysafe: Paysafe is a global integrated payments provider with SMB and vertical software platform offerings; it overlaps with Basys in payment-processing and embedded-commerce opportunities, particularly for SMB merchants.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/basysprocessing
• LinkedInlinkedin.com/company/basys-processing-inc-

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 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 BASYS Processing Inc.