What TECS Payment Solutions does

TECS Payment Solutions (legally Bluefin Payment Systems Austria GmbH) is a Vienna-headquartered payments Platform-as-a-Service (PaaS) vendor founded in 2000 by Fazlollah Rostamian and acquired by US-based Bluefin in November 2022. The company operates a cloud-based, vendor-agnostic omnichannel payments platform that unifies in-store, unattended, mobile and eCommerce channels through a single integration, connecting acquirers, payment service providers (PSPs), POS system providers, independent software vendors (ISVs) and merchant aggregators to 100+ international acquirers, processors and payment methods. The product surface includes the SmartPOS Android terminal family (with an EU-hosted Appstore), an online payment gateway, the registered Payment Application Manager (PAM) for merchant portfolio management, plus the proprietary Decryptx® PCI-validated Point-to-Point Encryption and ShieldConex® vaultless tokenization security platforms with P2PE Manager® device-chain-of-custody tooling.

The business model combines five revenue streams: per-transaction processing fees, recurring PaaS subscriptions (white-label or direct), hardware resale of Sunmi and Newland Android terminals, licensing of Decryptx/ShieldConex security services, and subscription-based TMS and Appstore services. Go-to-market is enterprise field sales augmented by channel partners (Worldline, Fiserv, Global Payments, EVO Payments, Sunmi, Newland) and a developer self-service portal with APIs and SDKs. Pricing is quote-based and not publicly disclosed.

Operationally, TECS is part of a combined Bluefin platform that reports 34,000 connected merchants, nearly 300 global partners and a presence across 55 countries with more than 30,000 active terminals. The company carries PCI DSS Level 1 Service Provider and PCI P2PE Domain 6 component certifications, with Key Injection Facilities in Vienna and Bratislava; additional credentials include GBIC Girocard (NEXO v4.0), CFCF nexo-ICS POI, EMVCo, Common.SECC, GDPR, CCPA, HIPAA and Nacha compliance. Named deployments span PayPoint Romania (19,000+ locations), Hobex (35,000+ customers, 49,000+ terminals), Scheidt & Bachmann (3,800+ ticket vending machines in UK/Ireland), GET at the Austrian Red Bull Ring, ZEMP's GENIE rollout in Germany, and Raiffeisen Bank International. Headcount is approximately 60 across offices in Vienna, Atlanta, Bratislava and Waterford. No revenue, ARR or funding amounts are publicly disclosed.

Name

TECS Payment Solutions

Legal name

Bluefin Payment Systems Austria GmbH

Website

https://tecs.at

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

TECS Payment Solutions (Bluefin Payment Systems Austria GmbH) provides a cloud-based omnichannel payments Platform-as-a-Service for banks, acquirers, PSPs, POS providers and ISVs, connecting them to 100+ acquirers and payment methods across 55 countries via Android SmartPOS, an EU-hosted Appstore, and PCI-validated P2PE and tokenization security.

Ownership category

akta.pro rank

Product category

Payment Processing Software (Payments Platform-as-a-Service)

NAICS

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

akta.pro primary industry

Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)

akta.pro secondary industries

Merchant-of-Record (MoR) & Payment Facilitation (PayFac) Infrastructure (FSAGABAE), Integrated POS Payments (ISVs & Vertical POS Platforms) (FSAMADAD)

Keywords

• Omnichannel payments platform
• Payment platform-as-a-service
• SmartPOS terminals
• Point-to-point encryption
• Payment tokenization services

Headquarters

HQ city

Vienna

HQ country

Austria

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Transaction Processing Fees: Revenue generated from processing payment transactions across all channels (in-store, online, mobile, unattended). Volume-based revenue tied to transaction throughput.
2. Platform-as-a-Service (PaaS) Subscription: Recurring platform access fees for using the omnichannel payments platform, SmartPOS solutions, and associated services. White-label solutions available for partners.
3. Hardware Sales: Sale of SmartPOS devices (Android-based payment terminals) from manufacturers Sunmi and Newland. Terminals include models like P3H, P2 Lite SE, Smart Pad, S90 Pro, U200, U2000, N910, N750, N950, N900, P300.
4. Security Solutions Licensing: Revenue from Decryptx® P2PE and ShieldConex® tokenization solutions provided as services to processors, gateways, and merchants.
5. Appstore and TMS Services: Revenue from terminal app distribution, remote management, and terminal management system services.

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

TECS Payment Solutions sells a cloud-based omnichannel payments Platform-as-a-Service (PaaS) that lets acquirers, PSPs, POS providers, ISVs and merchant aggregators accept and process card and alternative payments across in-store, unattended, mobile and eCommerce channels through a single integration. The offering is packaged as a white-label platform, supplemented by Android SmartPOS hardware with an in-house Appstore, an online payment gateway, PCI-validated security products (Decryptx P2PE, ShieldConex tokenization), and developer APIs/SDKs for merchant onboarding and integration.

Product overview

TECS Payment Solutions operates a Payments Platform-as-a-Service (PaaS) architecture combining an open cloud-based omnichannel payments platform with modular security and device solutions. The core offering centers on the Omnichannel Payments Platform connecting all channels (in-store, unattended, mobile, eCommerce) with single integration. This is complemented by SmartPOS devices with an Appstore, Online Payments gateway, and security solutions including Decryptx (P2PE), ShieldConex (tokenization), 3D Secure MPI, and P2PE Manager. Supporting tools include Terminal Management System, Payment Application Manager, Merchant Portal, and developer APIs/SDKs. The platform integrates with 100+ acquirers, processors, payment providers, and supports 50+ payment methods including cards, digital wallets, fleet cards, and local payment methods across 35 countries.

Differentiator

Problem solved

Functional benefit

Brands

• Decryptx®: PCI-validated P2PE (Point-to-Point Encryption) solution that enables processors, payment gateways and software platforms globally to offer P2PE direct to their clients.
• ShieldConex®
• SmartPOS
• Omnichannel Payments Platform
• Appstore
• P2PE Manager®
• PAM (Payment Application Manager)
• TecsWeb

Products and services

• Omnichannel Payments Platform Cloud-based, vendor-agnostic omnichannel payments Platform-as-a-Service (PaaS) that connects all sales channels (in-store, unattended, mobile, eCommerce) through a single integration for acquirers, PSPs, ISVs, POS providers and merchant aggregators, with connectivity to 100+ acquirers, processors and payment methods across 35+ countries.
• SmartPOS & Appstore Multifunctional Android-based SmartPOS payment terminals combined with an EU-hosted application repository (Appstore) and a Terminal Management System that enable partners to deploy payment devices, distribute business apps remotely, and run third-party applications on payment hardware.
• Online Payments / Payment Gateway Online payment gateway for eCommerce and digital channels, accepting credit cards, digital wallets, direct debit and local payment methods via flexible API integration and a white-label merchant portal with real-time dashboards and reporting.
• Decryptx P2PE Solution PCI-validated Point-to-Point Encryption (P2PE) solution delivered to processors, payment gateways and software platforms as a service, encrypting card-present data from the terminal to processing and significantly reducing PCI DSS compliance scope for merchants and partners.
• ShieldConex Tokenization Platform Cloud-based vaultless tokenization and encryption platform that protects PII, PHI and payment data using format-preserving tokenization or format-preserving encryption, eliminating clear-text sensitive data from merchant and partner systems.
• Point of Sale (POS) Terminals Range of certified secure POS terminals — countertops, unattended terminals, mPOS and SoftPOS — from manufacturers Sunmi and Newland (models such as P3H, P2 Lite SE, Smart Pad, S90 Pro, U200, U2000, N910, N750, N950, N900, P300), integrated with the TECS platform and Decryptx/ShieldConex security.
• Industry Specific Solutions Vertically tailored payment solutions for tolling, parking, EV charging and fleet card acceptance, built on the TECS platform with connectivity to multiple acquirers, support for digital wallets, fleet cards and unattended terminals.

Quantifiable outcome

• 34,000 connected merchants served globally
• +7 more outcomes

Named customers10 records

Segments7 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

AI capability2 records

Feature8 records

Partnerships

Eleven partnerships are on record, tiered core, major, flagship and strategic.

• SunmicoreTechnology or Integration · 3 September 2024Strategic partnership to bring cutting-edge payment terminals (P2Pro, Smart Pad, P2LiteSE) with advanced security features to businesses across Europe. Sunmi devices integrate Bluefin's P2PE and ShieldConex security solutions.
• Scheidt & Bachmann Fare Collection SystemsmajorStrategic or Co-development Partner · 13 December 2023Global agreement for Bluefin's PCI-validated P2PE solution (Decryptx®) to be integrated into Scheidt & Bachmann's payment processing platform. Solution deployed across UK and Ireland rail ticket vending machines with additional projects in North America.
• Newland Payment TechnologycoreTechnology or Integration · 1 August 2023Partnership for SmartPOS Android terminals (N910, N750, N950, N900, S90 Pro, U200, U2000, S30, P300) supplied to German market with Girocard certification. Newland devices integrated with TECS payment platform.
• BluefinflagshipStrategic or Co-development Partner · 1 November 2022Bluefin acquired TECS in November 2022 to combine global payments and data security solutions. TECS joined with Bluefin to deliver seamless payment experiences that keep sensitive data secure. The combined entity serves 34,000 connected merchants and nearly 300 global partners in 55 countries.
• WorldlinecoreTechnology or IntegrationGlobal payment technology partner integrated with TECS platform for omnichannel payment processing.
• FiservcoreTechnology or IntegrationGlobal processor partner integrated with TECS payment platform for payment processing connectivity.
• Global PaymentscoreTechnology or IntegrationGlobal processor partner integrated with TECS payment platform for payment processing connectivity.
• EVO PaymentscoreTechnology or IntegrationGlobal payment processor integrated with TECS platform for omnichannel payment solutions.
• Raiffeisen Bank InternationalmajorTechnology or IntegrationGlobal banking partner with connections to TECS platform. Former CCO previously headed Merchant Services business of RBI providing acquiring services across 18 markets in EU and CEE.
• ThalesstrategicTechnology or IntegrationPartnership for Hardware Security Modules (HSMs) providing payment security functionality including transaction processing, sensitive data protection, payment credential issuing, mobile card acceptance, and payment tokenization.
• nexo standardsstrategicStrategic or Co-development Partnernexo standards (based on ISO 20022) adopted by TECS for omnichannel service delivery. Provides enhanced security, flexibility and compliance with PCI DSS and P2PE standards. Enables global interoperability in payment acceptance.

Scale indicators11 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Ingenico (Worldline Retail Terminals): Global POS terminal manufacturer integrated with Worldline's payment services. Comparable through SmartPOS terminal offerings and integrated payment processing, but operates as a much larger incumbent within the Worldline ecosystem.
• Verifone: Large incumbent payment terminal and POS solutions provider offering hardware, software and payment processing. Comparable to TECS through SmartPOS and integrated payment offerings, but at much larger scale and with broader portfolio.
• Worldline: European payment processing giant providing acquiring, POS and digital payment services. Named TECS global partner but also a potential competitor as a vertically integrated omnichannel platform serving the same European market.
• Nexi: Leading European PayTech providing payment acceptance, processing and digital banking solutions across multiple countries. Comparable as a vertically integrated payment platform targeting banks, merchants and PSPs across Europe.
• Stripe: Global payment infrastructure platform serving merchants, PSPs and platforms with developer-friendly APIs. Comparable through PaaS-style payment processing, though operates at vastly greater scale and primarily targets different end customers.
• PAX Global: Leading global POS terminal manufacturer with integrated payment software solutions. Comparable through Android SmartPOS hardware and payment platform offerings; identified as an integrated partner via TECS's Decryptx solution.

Direct peers

• Spreedly: Payment orchestration platform enabling merchants and PSPs to connect to multiple gateways and acquirers through a single integration. Directly analogous to TECS's 100+ acquirer connectivity value proposition.
• ACI Worldwide: Global real-time payment processing and electronic payment software provider serving banks, merchants and billers. Directly comparable as an enterprise payment platform serving acquirers and PSPs with omnichannel processing capabilities.
• Computop: Germany-based payment service provider offering omnichannel payment processing, fraud prevention and POS gateway solutions to merchants and PSPs. Closely matches TECS's white-label platform positioning in the DACH market.

Others

• Bluefin Payment Systems: TECS's parent company (acquired November 2022) and provider of PCI-validated P2PE (Decryptx) and tokenization (ShieldConex) solutions. Included as a relevant peer given the structural overlap in security products and shared go-to-market.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat7 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/tecs.paymentsolutions

Compliance9 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 TECS Payment Solutions