COCARD

What COCARD does

COCARD is a privately held U.S. merchant services provider operating as a registered Independent Sales Organization (ISO) of Wells Fargo Bank, N.A. and Fifth Third Bank, N.A. Founded in 1989 and headquartered in Decatur, the company targets small and mid-market merchants across retail, e-commerce, mail-order/telephone-order, and mobile use cases. It generates revenue primarily through transaction-based discount rates plus per-transaction fees, monthly statement fees, and hardware sales of EMV terminals and encrypted card readers, with no batch fees or annual fees disclosed. The stated go-to-market is direct-sales-led, with account managers onboarding merchants via a toll-free number and reporting a 98% approval rate with 24–48 hour underwriting.

The company's core technology is the Revonu platform, a cloud-based payment processing suite delivered across three form factors: a mobile app for iOS and Android supporting EMV Quick Chip, contactless NFC, and magnetic stripe via Bluetooth Low Energy readers; an Android-based POS terminal with inventory and employee management; and a web-based virtual terminal with customer, item catalog, discount, and reporting tools. Underlying infrastructure is largely assembled from third-party components — Authorize.net for e-commerce authorization, NCR Silver and Clover for POS, and the sponsoring banks for acquiring and settlement. The broader portfolio extends into adjacent merchant services including cash discount programs, gift and loyalty cards, EBT, check processing, non-cash adjustments, POS protection, and merchant cash advance.

Operationally, COCARD runs with 1–10 employees, no disclosed funding or institutional capital, and a website that has not been substantively updated since its 2016 copyright. The firm is PCI-DSS compliant through a partner Qualified Security Assessor, supports all major card networks (Visa, Mastercard, Discover, American Express, and JCB), and emphasizes transparent pricing and live customer support as differentiators. The overall posture is that of a small, mature, bootstrapped ISO rather than a high-growth fintech.

Name

COCARD

Legal name

COCARD

Website

https://cocard.info

Company type

Private

Founded year

1989

Operating status

Operating

Headcount range

1–10 employees

Short description

COCARD is a privately held U.S. payment processor operating as a registered ISO of Wells Fargo and Fifth Third banks, providing the Revonu platform — mobile, terminal, and virtual-terminal payment acceptance — to small and mid-market merchants across retail, e-commerce, and on-the-go use cases.

Ownership category

akta.pro rank

Product category

Payment Processing Services

akta.pro primary industry

Merchant Acquiring & Processing Platforms (BPAMAFAB)

akta.pro secondary industries

Card-Present Acquirers (Retail & POS Focus) (FSAMABAC), Merchant Acquiring & Card Processing (PSPs) (CRAFALAB)

Keywords

• Payment processing services
• Merchant account services
• Credit card processing
• POS systems
• Mobile payment solutions

Headquarters

HQ city

Decatur

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Transaction Processing Fees: COCARD charges merchants a discount rate (percentage of each credit card transaction) plus per-transaction fees. Discount rates vary based on transaction type: swiped/EMV rates are lower than keyed/mail order/internet rates due to fraud risk differences. The company also charges a Statement Fee and a low monthly minimum. No batch fees or annual fees.
2. Equipment and Supplies Sales: Sale of credit card processing equipment including PIN pads, terminals, and related supplies such as paper, ink ribbons, and sales drafts. EMV card readers typically cost $400-$700 but may be discounted or free through COCARD.
3. Payment Gateway Services: Virtual terminal services for merchants to accept payments over the Internet by securely logging in through the gateway provider and manually inputting credit card information.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels3 records

Core offering

COCARD provides electronic payment processing and merchant services to small and mid-market businesses in the United States, enabled by the proprietary Revonu platform. Merchants can accept card-present and card-not-present payments through mobile (iOS/Android), in-store terminals, and a virtual terminal, with EMV/PCI compliance, cloud-based back-office reporting, and bundled add-on services such as gift cards, loyalty, EBT, cash discount, check processing, and merchant cash advance.

Product overview

COCARD is a payment processing company offering a unified product portfolio centered on the Revonu platform. Revonu serves as the core payment processing solution available across mobile app, web dashboard, and Android terminal form factors. The portfolio includes point-of-sale systems with PIN pads and terminals, non-cash adjustment services, POS protection, and various payment processing capabilities (e-commerce, check processing, gift/loyalty cards, EBT, merchant cash advance). COCARD also supports NCR Silver POS and Clover POS integrations, and processes payments through Authorize.net for internet credit card authorization.

Differentiator

Problem solved

Functional benefit

Brands

• Revonu: Mobile payment processing platform enabling merchants to accept EMV, contactless, and magnetic stripe payments via iOS and Android devices, including a virtual terminal and business management tools.
• Revonu Mobile
• Revonu Android

Products and services

• Revonu Unified payment processing platform that enables merchants to accept EMV, contactless, and magnetic stripe payments via a mobile app (iOS/Android), a web-based virtual terminal, and an Android POS terminal, bundled with customer, item, discount, and sales reporting tools. Designed for small and mid-market merchants needing to accept credit, debit, gift, and loyalty cards across channels.
• Non-Cash Adjustment Service for handling non-cash payment adjustments for merchants on the Revonu platform, addressing post-transaction reconciliation needs such as refunds or corrections.
• POS Protection Point-of-sale protection service for merchants operating COCARD terminals, providing coverage and replacement support for point-of-sale equipment.
• Pin Pads & Terminals Hardware line of PIN pads and payment terminals supporting credit card, gift card, and loyalty card processing, including EMV-compliant terminals and wireless or mobile options using IP or cellular networks, available for purchase or supplied with merchant accounts.
• Merchant Cash Advance Financing service providing merchants with cash advances against future card transaction volumes, accessed through COCARD's merchant services portfolio.

Segments4 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature4 records

Partnerships

Four partnerships are on record, tiered core.

• VisacoreTechnology or IntegrationCOCARD processes Visa credit and debit card transactions through their merchant services network.
• MastercardcoreTechnology or IntegrationCOCARD processes Mastercard credit and debit card transactions through their merchant services network.
• DiscovercoreTechnology or IntegrationCOCARD processes Discover card transactions. COCARD applies for merchant IDs on behalf of merchants who wish to accept Discover.
• American ExpresscoreTechnology or IntegrationCOCARD processes American Express transactions. COCARD applies for merchant IDs on behalf of merchants who wish to accept American Express.

Scale indicators4 records

Recent moves1 record

Expansion highlights4 records

Direct peers

• Helcim: Independent SMB payment processor and ISO offering card-present and e-commerce processing with transparent interchange-plus pricing, directly comparable to COCARD's merchant services model.
• Stax (formerly Fattmerchant): Subscription-based payment processor targeting SMB and mid-market merchants with bundled POS and processing, competing head-to-head with COCARD's Revonu platform for merchant accounts.
• PaymentCloud: Independent sales organization (ISO) focused on high-risk and SMB merchant accounts, with comparable sponsor-bank model and similar target merchant profile to COCARD.
• National Processing: SMB-focused merchant acquirer and ISO offering card-present and card-not-present processing, POS solutions, and cash discount programs—nearly identical product mix to COCARD.
• Dharma Merchant Services: Independent ISO providing merchant accounts, POS integrations, and transparent pricing to SMBs, with a similar account-manager-led sales motion to COCARD.

Broad incumbents

• Square (Block): Large, well-capitalized SMB payments and POS provider offering mobile readers, registers, and software. Competes with COCARD in the same SMB merchant acquiring category but at vastly greater scale.
• Clover (Fiserv): Major SMB POS and merchant services platform from Fiserv, integrated with COCARD's offering but also a direct competitor for the same end merchants.
• NCR Silver: Established SMB POS solution from NCR; COCARD distributes NCR Silver but the platform itself competes for the same merchants that COCARD's Revonu Android targets.
• Stripe: Dominant online payments platform also offering in-person and POS solutions through Terminal and Stripe Connect, competing for the e-commerce and omnichannel merchants COCARD serves via its gateway.

Emerging players

• CardFlight: Mobile payment acceptance provider for SMBs offering EMV chip card readers and software, overlapping directly with COCARD's Revonu Mobile product.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• Xx.com/cocardatlanta
• Facebookfacebook.com/COCARD.AAAccess
• LinkedInlinkedin.com/company/a-aaccess-online-payment-systems

Compliance1 record

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 COCARD