International Payment Solutions

What International Payment Solutions does

International Payment Solutions (IPS), operated by Ascentrio Inc., is a private payment-services provider headquartered in North York, Toronto, that delivers card-acceptance, POS, and online-payment infrastructure to small and medium-sized businesses across Canada and the United States. The company is registered as an MSP/ISO of Elavon (U.S. Bank), First Data (Clover), Wells Fargo Bank (Canadian Branch), and Fiserv (Canadian branch), which provides the underlying acquiring and processing rails for its merchant services.

The product portfolio spans countertop and wireless terminals (Clover Flex/Mini, Poynt Smart Terminal, Ingenico Desk/5000 and Move/5000, Verifone vx-series), the RapidCents omni-commerce platform (an online payment gateway and virtual terminal certified under U.S. Bank/Elavon with PCI compliance, tokenization, automatic account updater, and 114+ integrated CMS/e-commerce partners), the Talech cloud-based POS system, a Pay-at-the-Table terminal solution with 4,000+ installations and 10+ years of field experience, white-label gift card and loyalty programs, ATM placement for cash-intensive venues, and a Shopify-based storefront for thermal paper rolls and terminal consumables.

Revenue is generated primarily through transaction-based residual fees on card processing and online gateway volume, plus subscription revenue from the bundled POS offering, transaction-fee revenue share on ATM surcharges, hardware and consumables sales, and revenue share with ISO/Agent partners who resell merchant services. Go-to-market combines direct sales (phone, web inquiry, account manager follow-up) with a channel-partner motion through independent sales agents and ISOs operating under the Elavon and First Data umbrellas. Pricing is quote-based with a stated 'Best Price Guarantee' and 'no hidden fees,' and no per-transaction rates are publicly disclosed.

Name

International Payment Solutions

Legal name

Ascentrio Inc.

Website

https://internationalpaymentsolutions.ca

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

11–50 employees

Short description

International Payment Solutions is a Canadian-headquartered ISO/ISO partner of Elavon, First Data, Wells Fargo, and Fiserv that delivers card terminals, the RapidCents online gateway, Talech POS, gift card/loyalty, and ATM services to SMBs across Canada and the United States.

Ownership category

akta.pro rank

Product category

Payment Processing Services

NAICS

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

SIC

Finance Services (6199)

akta.pro industry

PRIMARYFSAMABAA

Integrated Payment Processors (PSP/Acquirer)

Financial & Insurance/Payments & Transaction Processing/Payment Processors & Merchant Acquirers

SECONDARYFSAMACAA

Merchant Payment Gateways (API/Hosted Checkout)

Financial & Insurance/Payments & Transaction Processing/Payment Gateways & Orchestration

SECONDARYFSAMADAD

Integrated POS Payments (ISVs & Vertical POS Platforms)

Financial & Insurance/Payments & Transaction Processing/Point-of-Sale (POS) Payments & Terminals

SECONDARYCRAFALAH

Recurring Billing, Subscriptions & Tokenized Payments

Consumer Products & Retail/E-commerce & Marketplaces/Digital Payment Solutions for E-commerce

Keywords

• Payment processing services
• Merchant services
• Credit card processing
• POS systems
• Online payment gateway

Headquarters

HQ city

North York

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Payment Processing Services: IPS charges merchants transaction fees for processing credit and debit card payments through its registered ISO relationships with Elavon and Wells Fargo Bank (Canadian Branch). Revenue is generated per transaction processed on countertop terminals, mobile/short-range terminals, and pay-at-the-table devices.
2. Online Payment Gateway (RapidCents): RapidCents gateway charges transaction fees for online payment processing, recurring/subscription billing, and invoicing. Fees apply per online transaction processed through the gateway or virtual terminal.
3. Gift Card and Loyalty Program: Merchants pay for customized branded gift cards and access to the loyalty platform, generating setup and/or per-transaction revenue for IPS.
4. POS System Services: Talech cloud-based POS software is offered in combination with IPS payment terminals, providing bundled POS and payment processing revenue.
5. ATM Placement and Management: IPS places and manages ATMs for small businesses. Revenue is generated through surcharge fees per ATM transaction and revenue share with host businesses.
6. Hardware and Consumables Sales: Sale of debit machine accessories including thermal paper rolls (2 1/4" and 3 1/8" formats), BPA-free paper, Poynt paper rolls, kitchen printer paper, and replacement batteries for Ingenico terminals.
7. ISO/Agent Program (Partner Revenue): Recruits and supports independent sales agents and ISOs who resell IPS merchant services, generating revenue through the agents' sales activity.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

International Payment Solutions is a registered MSP/ISO providing turnkey payment processing services for North American small and medium-sized businesses. Its offering spans credit/debit card terminals (Clover, Poynt, Ingenico), the RapidCents omni-commerce online payment gateway and virtual terminal, Talech cloud-based POS, Pay-at-the-Table terminals, customized gift card and loyalty programs, and ATM placement, bundled with 24/7 support and next-business-day deposits.

Product overview

International Payment Solutions is a payment processing provider offering a comprehensive suite of payment solutions for small businesses across Canada and the USA. The core product portfolio includes credit/debit card terminals (featuring Clover Flex, Clover Mini, and Poynt Smart Terminals), the RapidCents online payment gateway, and the Talech cloud-based POS system. Additional services encompass Virtual Terminal for phone/mail orders, Pay-at-the-Table terminals for restaurants, gift card and loyalty programs, and ATM services. The company also sells compatible accessories including thermal paper rolls, batteries, and kitchen printer paper. These products are designed to work both independently and as an integrated ecosystem, enabling unified commerce across online, in-store, and mobile channels.

Differentiator

Problem solved

Functional benefit

Brands

• RapidCents: Omni commerce platform for online payment gateway and virtual terminal services. RapidCents is certified under U.S. Bank (ELAVON) and PCI compliant.
• Talech

Products and services

• Credit Card & Debit Machines Ready-to-use credit and debit card terminal processing services for small businesses, including countertop, mobile/short-range wireless, and pay-at-the-table devices, integrated with IPS's POS and gateway ecosystem.
• Online Payment Gateway (RapidCents) Cloud-based online payment gateway for e-commerce merchants that enables secure website checkout, recurring/subscription billing, hosted invoicing, and integration with 114+ CMS and shopping cart platforms.
• Virtual Terminal Browser- and mobile-based virtual terminal that lets merchants process phone and mail orders, send invoices and quotes with secure hosted pay links, manage recurring payments, and handle multi-currency transactions.
• Talech POS System Cloud-based iPad point-of-sale software for restaurants and retail that combines tableside ordering, inventory, staff scheduling, real-time reporting, gift/loyalty programs, and accounting integrations.
• Pay-at-the-Table Terminals Semi-integrated EMV-certified wireless terminals that let restaurant patrons pay at the table, with real-time integration to the Talech POS for faster checkout and reconciliation.
• Customized Gift Card and Loyalty Program White-label branded gift card and loyalty program for small businesses, deployable in roughly 10 business days, with POS integration, customizable rewards, and a branded member portal.
• ATM for Small Business ATM placement and management service for retail locations including gas stations, convenience stores, bars, restaurants, hotels, jewelry stores, and shopping centers, generating passive income through transaction surcharges.
• Clover Terminals (Flex and Mini) Resold Clover Flex handheld and Clover Mini countertop POS terminals offered by IPS as part of its merchant services under the First Data (Clover) ISO relationship.
• Poynt Smart Terminals Poynt and Poynt 5 smart terminals offered by IPS with Wi-Fi (and optional 3G) connectivity, supporting the Talech native POS application for integrated payments.
• RapidCents Platform IPS's omni-commerce platform covering the online payment gateway and virtual terminal, certified under U.S. Bank (Elavon), with recurring billing, hosted invoicing, and 114+ integrated partner plugins.

Quantifiable outcome

• Over $500/month in savings compared to incumbent processor (e.g., Moneris)
• +3 more outcomes

Named customers3 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

Feature7 records

Partnerships

Seven partnerships are on record, tiered core.

• Ascentrio Inc.coreOthersAscentrio Inc. is the parent company of International Payment Solutions and RapidCents brand. Ascentrio Inc is a registered MSP/ISO of the Canadian branch of Fiserv and a registered MSP/ISO of Wells Fargo Bank, Canadian Branch, Toronto, ON, Canada. Ascentrio owns the IPS and RapidCents trademarks.
• Elavon (U.S. Bank)coreTechnology or IntegrationIPS operates as a registered MSP/ISO of Elavon (a U.S. Bank company), enabling it to offer merchant account services, payment processing, and the RapidCents gateway certified under U.S. Bank/Elavon. Elavon's infrastructure underpins IPS's payment processing capabilities.
• First Data / ClovercoreTechnology or IntegrationIPS is a registered MSP/ISO of First Data (Clover), reselling Clover Flex, Clover Mini, and related POS systems. IPS offers Clover terminals as part of its merchant services portfolio alongside its own RapidCents platform.
• FiservcoreTechnology or IntegrationAscentrio Inc (parent of IPS) is a registered MSP/ISO of the Canadian branch of Fiserv. Fiserv provides the backend processing infrastructure for IPS's payment processing services.
• TalechcoreTechnology or IntegrationIPS resells and supports Talech cloud-based POS system, an iPad and Poynt-native point-of-sale solution for restaurants and retail businesses. Talech integrates with IPS payment terminals (Desk/5000, Move/5000, Poynt) for seamless payment processing.
• PoyntcoreTechnology or IntegrationIPS offers Poynt Smart Terminal and Poynt 5 as part of its terminal portfolio. Poynt devices support Wi-Fi and optional 3G connectivity. Poynt's native POS application is supported by the Talech POS software.
• IngenicocoreTechnology or IntegrationIPS offers Ingenico terminal hardware (Desk/5000, Move/5000, iCT250, iWL220/250/252/255) as part of its payment terminal lineup. Compatible with the Talech POS ecosystem for integrated payment processing.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Square (Block): Square is the dominant integrated payments + POS provider for SMBs in North America. It overlaps directly with IPS across card acceptance, POS software (Square POS), online checkout, gift cards, and ATM-like cash products, and competes for the same SMB customer with a fully proprietary stack.
• Helcim: Helcim is a Canadian SMB payment processor offering in-person terminals, online payment gateway, virtual terminal, and transparent interchange-plus pricing. It is the closest North American direct peer to IPS in terms of geography, target customer, and product breadth, and is a frequent switching alternative cited in IPS's own testimonials.
• Moneris: Moneris is one of Canada's largest payment processors and a primary incumbent IPS displaces. It offers countertop and mobile terminals, e-commerce, gift cards, and POS integrations, making it the closest direct competitor within the Canadian SMB merchant segment that IPS explicitly targets.
• Stripe: Stripe is the leading online payment gateway and competes directly with IPS's RapidCents platform for e-commerce merchants. It overlaps on API-based payment acceptance, hosted checkout, recurring billing, and a broad integration ecosystem, and is the standard that IPS's 114+ integration strategy benchmarks against.
• Toast: Toast is a vertically-integrated restaurant POS and payments platform. It overlaps with IPS's restaurant-focused Pay-at-Table terminals and Talech POS offering, and is a key direct peer for the restaurant vertical that IPS specifically targets with bundled POS, online ordering, and gift cards.
• SumUp: SumUp provides mobile card readers, online payment gateways, and POS tools to micro and small merchants across multiple geographies. It competes with IPS for low-volume SMB merchants seeking simple transparent pricing and portable terminals.
• Lightspeed Commerce: Lightspeed offers integrated POS and payments for retail and restaurant SMBs. It overlaps with IPS's Talech POS + payment bundle and competes for the same multi-location retail and restaurant merchants, including a strong footprint in Canada.
• PaymentCloud: PaymentCloud is a U.S.-focused high-risk and SMB ISO/merchant services provider offering terminals, gateways, virtual terminals, and POS bundles. It is comparable as a similarly-sized ISO competing on service, pricing transparency, and broad vertical coverage for SMB merchants.

Broad incumbents

• Clover (First Data / Fiserv): Clover is the SMB POS and payments platform owned by Fiserv and is both an IPS partner and a competitor. As the underlying terminal and app-store platform that IPS resells, Clover competes at the broader incumbent level with deeper resources, a developer app marketplace, and direct merchant onboarding.
• Elavon (U.S. Bank): Elavon is a large global payments processor and U.S. Bank subsidiary that serves as IPS's primary sponsor bank/processor. As a broad incumbent, Elavon competes for the same SMB and mid-market merchants directly while also enabling IPS's ISO business model.

Market position

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/IPSolution_ca
• Facebookfacebook.com/internationalpaymentsolutions
• LinkedInlinkedin.com/company/international-payment-solution
• Instagraminstagram.com/internationalpaymentsolutions

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about International Payment Solutions