Electronic Data Payment Systems

What Electronic Data Payment Systems does

Electronic Data Payment Systems (EDPS), operating under parent entity EDC Group Inc., is a U.S.-domiciled payment processor and registered Independent Sales Organization / Member Service Provider of Pinnacle Bank (dba Synovus Bank, Columbus, GA). Founded in 2003 and headquartered in Johnstown, Ohio with a secondary office in New Philadelphia, Ohio, EDPS delivers credit and debit card processing, ACH and check conversion, point-of-sale systems (including the proprietary Mynt POS platform), online and virtual payment gateways (including the proprietary Swooshepay gateway and Authorize.Net integration), countertop and mobile terminals (Ingenico, Dejavoo, and SumUp hardware), gift card and loyalty programs, PCI compliance services, and merchant cash advances through its Quicken Capital subsidiary (up to $500,000 per merchant).

The company operates a layered business model combining residual transaction-based merchant processing fees, hardware sales, value-added services (loyalty, gift card, surcharge programs), and merchant funding income. Customer acquisition runs through three coordinated channels: an inside sales team (currently scaling from 2 to 12 representatives targeting 100+ accounts per month), field sales for enterprise accounts, and a distinctive trade-association member-benefit program that has been part of the go-to-market since 2003 and formalized through the IDA partnership in 2005. The target customer is the U.S. small and medium business, served across diverse verticals including healthcare (Cleveland Clinic Union Hospital), entertainment (Pro Football Hall of Fame), hospitality, construction, automotive, chemical/industrial, and food and beverage.

EDPS positions itself on transparent pricing with no hidden fees, no monthly minimums, next-day funding, 24/7 in-house customer service, and dedicated account representatives, in deliberate contrast to large national processors it characterizes as opaque. The company holds an A+ BBB accreditation, PCI DSS certification across all services, and five Inc. 5000 recognitions (2010, 2011, 2012, 2024, 2025). Ownership and senior leadership appear concentrated in the Treciak family (Bill Treciak as President, Amy Treciak as Executive Vice President), with no disclosed venture capital or institutional investor involvement, indicating the business has been bootstrapped and organically grown across its 23-year operating history.

Name

Electronic Data Payment Systems

Legal name

Electronic Data Payment Systems

Website

https://goedps.com

Company type

Private

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Electronic Data Payment Systems (EDPS) is a privately held, Ohio-based payment processor and ISO/MSP founded in 2003, offering credit/debit card processing, ACH, POS systems, online gateways, and merchant cash advances to small and medium U.S. businesses, distributed through inside sales and trade-association partnerships.

Ownership category

akta.pro rank

Product category

Payment Processing Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Sales Financing (52222)

SIC

Services-Prepackaged Software (7372)

akta.pro primary industry

Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)

akta.pro secondary industries

Integrated POS Payments (ISVs & Vertical POS Platforms) (FSAMADAD), POS, SoftPOS & In-Person Acceptance Infrastructure (FSAGABAO)

Keywords

• Payment processing services
• Credit card processing
• Merchant services
• POS systems
• ACH processing

Headquarters

HQ city

Dover

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, Marketing or Sales, Operations, Infrastructure

Revenue model

1. Credit/Debit Card Processing: Transaction-based payment processing fees charged to merchants for accepting credit and debit cards. Includes various payment channels: Point of Sale, Online/Virtual, and Mobile/Countertop terminals.
2. ACH & Check Conversion: Fees for electronic check processing and ACH debit transactions for customers who prefer paying with checks.
3. Gift Card & Loyalty Programs: Fees for gift card issuance and loyalty program management services to help merchants attract and retain customers.
4. Merchant Funding (Quicken Capital): Cash advances to merchants with payback based on future sales. Revenue generated from the funding advances provided to merchants.
5. Payment Terminal Equipment: Sale and provisioning of payment processing hardware including countertop terminals, mobile terminals, and POS systems. Industry partnerships provide cost-effective terminal solutions.
6. Surcharge/Cash Discount Programs: Fee programs that allow merchants to add surcharges for credit card transactions or offer discounts for cash/debit payments, helping offset processing costs.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels5 records

Core offering

Electronic Data Payment Systems (EDPS) provides payment processing solutions to small and medium U.S. businesses, enabling them to accept credit/debit cards, ACH, and contactless payments across in-store, online, and mobile channels. The offering includes proprietary gateways (Swooshepay), the Mynt POS system, certified terminals from Ingenico, Dejavoo, and SumUp, plus value-added services such as gift card/loyalty programs, merchant cash advances (Quicken Capital), surcharge/cash discount programs, and PCI compliance support.

Product overview

Electronic Data Payment Systems (EDPS) offers a comprehensive payment processing ecosystem designed for small to medium businesses across the U.S. The core offering consists of multiple integrated payment solutions: Mynt POS System (proprietary all-in-one point-of-sale platform), countertop and mobile terminals (including Ingenico and Dejavoo hardware), and online/virtual payment gateways (Swooshepay and Authorize.Net). These core platforms are complemented by value-added services including credit card processing, ACH/check conversion, gift card and loyalty programs, merchant funding via Quicken Capital (up to $500K), surcharge/cash discount programs, member association discounts, and PCI compliance support. The company supports all modern payment types including EMV, NFC/contactless (Apple Pay, Google Pay, Samsung Pay), and digital wallets. EDPS differentiates through transparent pricing, 24/7 customer service, next-day funding, fraud/chargeback protection, and software integrations with QuickBooks, NetSuite, Shift4, and various POS partners. Founded in 2003, EDPS operates as an ISO/MSP of Pinnacle Bank/Synovus Bank and serves diverse industries through association partnerships.

Differentiator

Problem solved

Functional benefit

Brands

• Quicken Capital: Merchant funding program providing cash advances up to $500,000 for business growth.
• Swooshepay
• Mynt POS System

Products and services

• Point of Sale (Mynt POS System) Comprehensive proprietary point-of-sale system for brick-and-mortar merchants that combines integrated MSR, thermal receipt printer, and heavy-duty cash drawer with payment processing, inventory tracking, and report generation.
• Online/Virtual Payment Gateway (Swooshepay) Proprietary online payment gateway (Swooshepay) plus Authorize.Net integration that enables e-commerce and virtual merchants to process card and ACH payments with PCI-compliant hosted checkout, dashboard reporting, recurring billing, and virtual terminal functionality.
• Countertop & Mobile Payment Terminals Sale and provisioning of certified countertop and mobile payment terminals from Ingenico, Dejavoo, and SumUp with EMV chip, magstripe, and NFC/contactless (Apple Pay, Google Pay, Samsung Pay) capabilities for in-store and on-the-go merchants.
• Credit Card Processing Full-spectrum credit and debit card processing for businesses of all sizes across mobile, online, and point-of-sale channels with transparent pricing, no hidden fees, and no monthly minimums.
• ACH & Check Conversion Electronic check processing and ACH debit service that converts paper checks into electronic transactions at the point of sale, eliminating trips to the bank and bounced-check risk for merchants.
• Gift Card & Loyalty Programs Customized gift card and loyalty program solutions that enable merchants to attract new customers, increase repeat business, and capture customer data for targeted promotions.
• Merchant Funding (Quicken Capital) Proprietary merchant cash advance solution providing up to $500,000 in business funding to existing EDPS merchants with flexible repayment (daily or monthly deposits) tied to sales performance rather than traditional fixed loan terms.
• Surcharge/Cash Discount Program Fee-shift program that allows merchants to add a small surcharge on credit card transactions or offer discounts for cash/debit payments, helping merchants offset card acceptance costs.
• Member Association Discounts Discounted payment processing services offered to members of participating local and national trade associations, including complimentary terminals for new association members.
• PCI Compliance Services PCI compliance assistance and certification service that helps merchants meet payment card industry data security standards through dedicated compliance consultations and ongoing support.

Quantifiable outcome

• Saves clients up to 25% on payment processing costs on average
• +4 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration13 records

Feature6 records

Partnerships

Nine partnerships are on record, tiered core and minor.

• QuickBookscoreTechnology or IntegrationQuickBooks integration allows merchants to sync payment processing data with their accounting software for streamlined financial management.
• NetSuitecoreTechnology or IntegrationNetSuite integration enables merchants to connect payment processing with their ERP and business management systems.
• Shift4coreTechnology or IntegrationShift4 payment gateway integration allows EDPS solutions to work with Shift4's hotel and restaurant POS systems.
• IngenicocoreTechnology or IntegrationCertified to provide payment solutions through Ingenico terminal partners including Desk 3500, Desk 5000, and Move 5000 terminals.
• DejavoocoreTechnology or IntegrationCertified to provide Dejavoo Z8, Z9, and Z11 countertop and mobile payment terminals with EMV and NFC support.
• Authorize.netcoreTechnology or IntegrationProvides Authorize.net payment gateway as one of the online/virtual payment solutions for merchants requiring e-commerce capabilities.
• Pinnacle Bank (Synovus Bank)coreOthersEDC Group Inc. is a registered ISO/MSP (Independent Sales Organization/Member Service Provider) of Pinnacle Bank, a Tennessee bank, dba Synovus Bank, Columbus, GA.
• Trade Associations (Various)coreChannel Partner/ Reseller/ DistributorNational partnerships with trade associations providing member-benefit payment processing programs. EDPS has been a member-benefit provider since 2003, including partnership with IDA since 2005.
• Information Technology Alliance of Appalachian OhiominorStrategic or Co-development PartnerIndustry association partnership; EDPS received Best IT Implementation Award by this non-IT company association in 2007.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Stax by Fattmerchant: Subscription-pricing payment processor with integrated software (POS, invoicing, analytics) for SMBs. Closely comparable in the shift away from residual-based interchange pricing and toward software-led monetization.
• Dharma Merchant Services: Independent ISO focused on transparent pricing and customer service for SMBs. Highly comparable to EDPS in positioning, target customer, and consultative sales motion.
• North American Bancard: Large U.S. ISO/MSP offering merchant accounts, POS, and payment processing to SMBs across verticals. Operates the same ISO-sponsored, multi-channel GTM model as EDPS and is the closest scale-comparable direct peer.
• Helcim: SMB payment processor offering transparent interchange-plus pricing, online gateway, and POS. Closely comparable to EDPS's transparent-pricing, multi-channel SMB value proposition, though with proprietary technology.
• Payment Depot: Subscription-based payment processor targeting SMBs with transparent pricing and no long-term contracts. Direct competitor to EDPS in the cost-conscious SMB segment EDPS explicitly targets.

Broad incumbents

• Heartland Payment Systems: SMB-focused payment processor (now part of Global Payments) offering card acceptance, POS, and payroll. Comparable to EDPS in customer profile but far larger and a likely acquirer-of-record in any ISO roll-up.
• Stripe: Dominant online payment processor with expanding in-person and POS offerings. Comparable to EDPS's Swooshepay online gateway and increasingly relevant to its e-commerce merchant base.
• Clover (Fiserv): POS and payment processing platform owned by Fiserv, widely distributed through bank and ISO channels. Comparable to EDPS's Mynt POS and gateway stack and a key partner/competitor dynamic.
• Square (Block): Dominant SMB payments and POS provider offering hardware, software, and processing as an integrated bundle. Competes with EDPS for the same SMB merchants, particularly in retail and food service.

Emerging players

• Toast: Restaurant-focused POS and payments platform with integrated software and processing. Comparable to EDPS in adjacent verticals and in the convergence of POS + payment processing as the central SMB value proposition.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/goedps
• YouTubeyoutube.com/channel/UCVVAx9eKiTJRhFjemFwsl1w
• Facebookfacebook.com/ElectronicDataPaymentSystems
• LinkedInlinkedin.com/company/electronic-data-payment-systems

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries1 record

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 Electronic Data Payment Systems