Processa

What Processa does

Processa Inc. is a Calgary-headquartered payments company that operates as an Independent Sales Organization (ISO) of Fiserv Canada Ltd., distributing Clover-branded point-of-sale hardware and payment processing services to merchants across Canada and the United States. It maintains offices in Calgary (1400, 1122 4 Street SW), Toronto (116 Spadina Ave), and New York (36-36 33rd St, Long Island City), and states that more than 2,000 companies currently use its platform across twelve explicit verticals including retail, restaurants, eCommerce, healthcare, hospitality, oil and gas, utilities, government services, professional services, charities/nonprofits, energy services, and general service businesses. The only named customer in the input is Westcan Recyclers, whose testimonial describes a customized solution covering physical operations and online payment needs.

The product stack is anchored on Clover hardware: the Flex handheld (combined payment, inventory, and order management with built-in printer and barcode scanner), the Flex Pocket mobile device, the dual-screen Station Duo (14-inch operator display plus 8-inch customer screen for high-volume QSR), the Mini countertop unit, and the Clover Virtual Terminal for remote payment processing. Processa-layer products include the Kitchen Display System (14-inch and 24-inch models) and Rescue Payments, a fully compliant surcharge and dual-pricing solution designed to bring merchant processing costs close to zero. The platform advertises 100+ integrations into accounting (QuickBooks, Zoho), ERP (Oracle, Acumatica), eCommerce and CRM systems, payment gateways (Authorize.net, Cybersource, Converge, CenPos, CardConnect, FreedomPay, Valor Paytech), restaurant (7Shifts), automotive (CDK Global), and loyalty tools (Ackroo, Datacandy, Benji Pays), all listed as technology or integration partnerships. Reporting is delivered through real-time web and mobile dashboards.

Processa monetizes primarily through transaction-based processing fees on three explicit pricing tiers: Traditional Processing (flat-rate or Cost+ pricing), Pass The Fee (shifting credit-card processing fees to the customer at the point of sale), and Dual Pricing (different posted prices for credit versus cash/debit). Hardware sales on Clover devices and value-added services such as the Kitchen Display System and Rescue Payments provide additional revenue streams. Go-to-market combines direct enterprise field sales with dedicated account managers and on-site setup, alongside channel distribution through the Clover/Fiserv ecosystem and integration partners; marketing is concentrated on the company website, content showcasing integrations and customer testimonials, and direct phone/email outreach. The company is privately held with 51-100 employees, has no disclosed venture funding, and is controlled through its Fiserv Canada Ltd. parent relationship.

Name

Processa

Legal name

Processa Inc.

Website

https://processa.ca

Company type

Private

Operating status

Operating

Headcount range

51–100 employees

Short description

Processa is a Calgary-based ISO of Fiserv Canada Ltd. that distributes Clover POS hardware and payment processing to 2,000+ merchants across twelve verticals in Canada and the US, offering three pricing tiers and 100+ software integrations.

Ownership category

akta.pro rank

Product category

Payment Processing Services

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Activities Related to Credit Intermediation (5223)

SIC

Finance Services (6199), Services-Computer Integrated Systems Design (7373)

akta.pro primary industry

Integrated POS Payments (ISVs & Vertical POS Platforms) (FSAMADAD)

akta.pro secondary industries

Integrated Payment Processors (PSP/Acquirer) (FSAMABAA), POS Terminal Hardware (Countertop, Mobile, PIN Pads) (FSAMADAA), Payment Processing & Acquiring Infrastructure (FSAGABAC)

Keywords

• Payment processing services
• Merchant POS solutions
• Credit card processing
• Integrated payment platforms
• POS hardware distribution

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Payment Processing Fees: Transaction-based revenue through payment processing fees. The company offers Traditional Processing (flat rate or Cost+ pricing), Pass The Fee (shifting credit card fees to customers), and Dual Pricing (different rates for credit vs cash/debit).
2. Hardware Sales: Revenue from POS hardware including Clover devices (Flex, Flex Pocket, Station Duo, Mini) and related payment terminals
3. Value-Added Services: Additional services including Rescue Payments (surcharge and dual pricing solutions), Kitchen Display System, and technical support services

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Processa is a payment processing company that delivers in-store, online, and integrated payment acceptance to merchants across Canada and the US, operating as an ISO of Fiserv Canada Ltd. Its core offering centers on transaction-based payment processing (available under Traditional flat-rate/Cost+ pricing, Pass The Fee surcharge pricing, and Dual Pricing models), distributed primarily through Clover-branded POS hardware (Flex, Flex Pocket, Station Duo, Mini) plus the Clover Virtual Terminal, complemented by Rescue Payments for fee recovery and a Kitchen Display System for restaurant operations.

Product overview

Processa is a unified payment processing platform offering hardware POS devices and software solutions. The core product portfolio includes Clover-branded POS hardware (Clover Flex handheld, Clover Flex Pocket mobile, Clover Station Duo dual-screen, and Clover Mini countertop), the Clover Virtual Terminal for remote payment processing, and Rescue Payments for surcharge/dual pricing fee recovery. The Kitchen Display System (KDS) completes the restaurant operations suite. Processa also offers pricing models including Traditional Processing, Pass The Fee, and Dual Pricing. The platform processes payments for over 2,000 companies with annual volume and supports 100+ integrations across accounting, ERP, eCommerce, CRM, and payment gateways.

Differentiator

Problem solved

Functional benefit

Products and services

• Payment Processing Services Transaction-based payment processing service for in-store, online, scan-to-pay, payment-link, and e-invoice acceptance across credit and debit cards, structured under Traditional flat-rate or Cost+ pricing, Pass The Fee surcharge pricing, or Dual Pricing for credit vs cash/debit. Targets merchants in Canada and the US requiring multi-channel payment acceptance.
• Clover Flex Handheld POS terminal that combines payments, inventory, and order management in one portable device with a nearly 6-inch touchscreen, built-in printer, and camera barcode scanner. Distributes through the Clover/Fiserv ecosystem via Processa.
• Clover Flex Pocket Lightweight mobile POS device designed to take payments on the move. Distributes through the Clover/Fiserv ecosystem via Processa.
• Clover Station Duo Dual-screen countertop POS system with a 14-inch HD operator display and an 8-inch customer touchscreen, marketed for high-volume quick-service restaurant environments. Distributes through the Clover/Fiserv ecosystem via Processa.
• Clover Mini Compact countertop POS device for accepting in-person payments at the point of sale. Distributes through the Clover/Fiserv ecosystem via Processa.
• Clover Virtual Terminal Virtual terminal software allowing merchants to run payment processing operations from virtually any location with internet access. Distributes through the Clover/Fiserv ecosystem via Processa.
• Rescue Payments Compliant surcharge and dual-pricing solution that helps merchants recover or offset credit card processing costs while continuing to accept card payments.
• Kitchen Display System (KDS) Kitchen display hardware/software in 14-inch and 24-inch models that connects front-of-house service, online orders, and kitchen staff to help restaurant operations run seamlessly, with order synchronization across stations.

Quantifiable outcome

• 2,000+ companies using Processa to process payments
• +2 more outcomes

Named customers1 record

Segments12 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration18 records

Feature4 records

Partnerships

18 partnerships are on record, tiered core, key and supporting.

• Clover (Fiserv)coreTechnology or IntegrationProcessa operates as an ISO of Fiserv Canada Ltd. and resells Clover POS solutions including Flex, Flex Pocket, Station Duo, and Mini. The Clover name and logo are registered trademarks owned by Clover Network, LLC, utilized by Fiserv Canada Ltd.
• QuickBookskeyTechnology or IntegrationIntegration allowing merchants to sync payments directly with QuickBooks accounting software for seamless financial management and reconciliation.
• Rescue PaymentskeyTechnology or IntegrationFeatured integration providing fully compliant surcharge and dual charging solutions, allowing merchants to bring processing fees near zero.
• FreedomPaysupportingTechnology or IntegrationGlobal payment orchestration platform integration enabling advanced payment processing capabilities.
• Valor PaytechsupportingTechnology or IntegrationIntegration with Valor Paytech for secure and efficient payment processing.
• Authorize.netkeyTechnology or IntegrationIntegration with Authorize.Net gateway enabling easy acceptance of online and integrated payments.
• ZohosupportingTechnology or IntegrationIntegration enabling merchants to handle payments and business processes smoothly with Zoho business applications.
• OraclekeyTechnology or IntegrationIntegration with Oracle solutions for optimizing business operations and payments with Oracle's enterprise platform.
• AcumaticasupportingTechnology or IntegrationCloud ERP integration enabling merchants to manage finances and payments effortlessly with Acumatica's cloud platform.
• CDK GlobalsupportingTechnology or IntegrationIntegration for managing dealership operations and payments seamlessly with CDK Global automotive dealership management system.
• 7ShiftssupportingTechnology or IntegrationRestaurant team management integration helping build better restaurant teams through scheduling and workforce management.
• AckroosupportingTechnology or IntegrationCustomer loyalty platform integration enhancing customer loyalty with personalized rewards programs.
• CardConnectsupportingTechnology or IntegrationIntegration with CardConnect for seamless and secure payment processing.
• CenPossupportingTechnology or IntegrationSecure and comprehensive cloud-based payment solution integration.
• ConvergesupportingTechnology or IntegrationEasy-to-use payment gateway with omni-channel solutions integration.
• CybersourcesupportingTechnology or IntegrationEnterprise-grade gateway solutions integration for large-scale payment processing.
• DatacandysupportingTechnology or IntegrationGift and loyalty platform integration that grows businesses through reward programs.
• Benji PayssupportingTechnology or IntegrationPayment platform integration enabling easy sending and receiving of payments.

Scale indicators3 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Helcim: Canadian-headquartered payment processor offering transparent interchange-plus pricing, POS integrations and multi-channel acceptance to SMB merchants. Closely comparable on pricing model philosophy and Canadian SME focus.
• Moneris: Canada's largest independent payment processor, offering POS hardware, merchant acquiring and integrated payment solutions across in-store, online and mobile channels. Directly comparable as a Canadian acquirer serving SMB and enterprise merchants.

Emerging players

• Toast: Vertically focused restaurant POS and payments platform. Comparable in the restaurant segment where Processa offers Clover-based POS, KDS and integrations like 7Shifts.

Broad incumbents

• Lightspeed Commerce: Canadian-headquartered commerce platform offering POS, payments and integrated software to retail and hospitality merchants. Comparable in vertical focus and in offering embedded payments on top of a software suite.
• Global Payments: Large global payment processor and acquirer offering integrated POS and merchant services to SMBs and enterprises. Comparable through direct overlap in merchant acquiring and integrated POS offerings.
• Stripe: Global payments infrastructure provider serving online and integrated commerce use cases. Comparable through Processa's online, payment-link and e-invoice offerings that overlap with Stripe's core rails.
• Clover (Fiserv): The merchant-facing POS and commerce platform owned by Processa's parent sponsor, Fiserv. Comparable because Processa's hardware, processing rails and go-to-market are built directly on the Clover/Fiserv stack.
• Square / Block: Global SMB payments and software platform offering integrated POS hardware, payment processing and vertical software. Comparable as a vertically integrated merchant payments competitor, though with materially greater scale and brand recognition.
• Chase Payment Solutions: US bank-owned merchant acquiring and integrated payments business serving SMB and enterprise merchants. Comparable as a large, vertically integrated acquirer competing for the same mid-market merchant relationships.

Others

• Authorize.Net (Visa-owned): Payment gateway integrated into Processa's stack for online acceptance. Comparable as an adjacent infrastructure provider whose gateway capabilities Processa resells to merchants.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

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&A

Investments

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

Frequently asked questions about Processa