Payment Logistics
Payment Logistics (Fortis) is a U.S. payment facilitator and registered ISO delivering embedded payment processing, AR automation, and ERP-integrated payment gateways to software platforms, ISVs, and mid-market B2B businesses across eight verticals.
- Company typePrivate
- Founded2003
- HeadquartersSan Diego, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Payment Logistics does
Payment Logistics, operating under the trade name Fortis, is a U.S.-based payment facilitator and registered Independent Sales Organization (ISO) that delivers embedded payment processing, merchant onboarding, and accounts-receivable automation to software platforms, ISVs, and mid-market B2B businesses. The company is legally organized as Fortis Payment Systems, LLC, was founded in 2003, and is headquartered in San Diego with additional offices in Plano (TX), Vero Beach (FL), and Costa Mesa (CA). Its portfolio centers on five products: Accounts Receivable Payments (click-to-pay invoicing and collections), Embedded Payments (API-driven payment integration into third-party platforms), Payment Acceptance (unified in-person, online, and mobile gateway with Level 2/3 B2B processing), Optimize & Grow (transaction analytics and operational dashboards), and Platform Monetization (a revenue-share module enabling ISVs to earn on payment flows).
Underlying technology is a developer-first payment platform with REST APIs, SDKs, code samples, a sandbox environment, and a published documentation site at docs.fortis.tech, designed for fast integration into ERP and software stacks. The platform is PCI-compliant and supports Level 2 and Level 3 processing for B2B interchange optimization, along with text-to-pay SMS invoicing and automated reconciliation. Core technical differentiation is concentrated in deep native integrations with the five dominant mid-market ERP systems—Oracle NetSuite, Microsoft Dynamics 365, Sage, QuickBooks, and Acumatica—built and maintained over more than 20 years. Processing capacity is anchored by nine sponsor-bank ISO relationships (KeyBank, Fifth Third, Citizens, Compass, Woodforest, U.S. Bancorp, PNC, Pathward, and Elavon), providing redundant BIN sponsorship and regulatory clearance.
The business model is transaction-fee-driven: Fortis earns interchange-plus pricing on processed volume and offers a Platform Monetization revenue share to ISV partners, supplemented by professional services for tailored ERP payment-gateway integrations. Pricing is quote-based with multi-year contracts and is not publicly disclosed. Go-to-market operates on two tracks—an enterprise direct-sales motion for larger B2B merchants and ERP-led deployments, and an API-first self-serve channel aimed at developers and SMBs adopting QuickBooks-class workflows. The company is founder-led (Dustin Niglio as CEO and Britton Niglio as Managing Partner), privately held with no disclosed institutional ownership or funding rounds, and operates across eight industry verticals including healthcare, construction, manufacturing, distribution, agriculture, field services, professional services, and specialty retail.
Payment Logistics firmographics
Firmographics- Name
- Payment Logistics
- Legal name
- Fortis Payment Systems, LLC
- Website
- https://paymentlogistics.com
- Company type
- Private
- Founded year
- 2003
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Payment Logistics (Fortis) is a U.S. payment facilitator and registered ISO delivering embedded payment processing, AR automation, and ERP-integrated payment gateways to software platforms, ISVs, and mid-market B2B businesses across eight verticals.
- Ownership category
- akta.pro rank
Where Payment Logistics is headquartered
LocationHeadquarters
- HQ city
- San Diego
- HQ country
- United States
- HQ region
- North America
Offices3 records
Markets served
Payment Logistics business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Payment Processing: Transaction-based fees from processing payments for businesses and software platforms. Provides embedded payment solutions that enable software platforms to offer payment acceptance to their customers.
- Platform Monetization Services: Revenue opportunities for software platforms to unlock new revenue streams through embedded payments, allowing ISVs to monetize payment workflows
- ERP Payment Integration Services: Tailored payment gateway integration services for ERP software systems including NetSuite, Microsoft Dynamics, Sage, QuickBooks, and Acumatica
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Multi-year contract | Custom enterprise pricing based on business requirements |
Go-to-market motion2 records
Distribution channels4 records
Marketing channels6 records
Payment Logistics product offering
Product offeringCore offering
Payment Logistics (operating as Fortis) is a payment facilitator that delivers embedded payment processing solutions integrated directly into ERP and software platforms. Its product portfolio includes in-person, online, and mobile payment acceptance with Level 2/Level 3 processing, click-to-pay invoicing, text-to-pay, accounts receivable automation, and platform monetization for ISVs. The offering is supported by developer-first APIs, SDKs, and native integrations with Acumatica, Microsoft Dynamics 365, Oracle NetSuite, Sage, and QuickBooks.
Product overview
Fortis is a unified payment platform for software platforms and businesses, offering a portfolio of integrated payment products. The core offerings include Embedded Payments (seamless payment integration into ERP and software platforms), Payment Acceptance (in-person, online, and mobile payment gateway), and Accounts Receivable Payments (streamlined invoicing and collections). These are complemented by Optimize & Grow (analytics for payment operations) and Platform Monetization (revenue generation for ISVs). The platform supports ERP integrations with Acumatica, Microsoft Dynamics 365, Oracle NetSuite, Sage, and QuickBooks, providing tailored payment workflows across industries including healthcare, construction, manufacturing, distribution, agriculture, and professional services.
Differentiator
Problem solved
Functional benefit
Products and services
- Embedded Payments Seamless payment processing embedded directly into software platforms, enabling ISVs and software companies to integrate secure payment capabilities into their existing applications without disrupting workflows.
- Payment Acceptance Unified payment gateway supporting in-person, online, and mobile payments with Level 2 and Level 3 payment processing capabilities for B2B transactions.
- Accounts Receivable Payments Streamlined invoicing and collections module enabling businesses to manage accounts receivable with automated payment workflows, click-to-pay invoicing, and simplified collections processes.
- Optimize & Grow Analytics platform providing insights for smarter payment operations, including transaction analytics, cash flow intelligence, and operational optimization dashboards.
- Platform Monetization Revenue-generating module enabling software platforms to monetize payment capabilities as an additional income stream through payment facilitation.
Quantifiable outcome
- Simplify payment workflows and boost cash flow through unified payment platform
- +1 more outcomes
Companies that use Payment Logistics
Customer profileNamed customers5 records
Segments11 records
Ideal customer profiles3 records
Payment Logistics technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration6 records
Feature7 records
Payment Logistics partnerships and signals
Strategic signalPartnerships
14 partnerships are on record, tiered core.
- Oracle NetSuitecoreFortis provides embedded payment processing integrated directly into Oracle NetSuite ERP systems, enabling seamless invoice payment, accounts receivable automation, and PCI-compliant transaction processing within NetSuite workflows.
- SagecoreFortis integration with Sage accounting software enables payment processing within Sage workflows, providing businesses with streamlined invoicing and payment acceptance directly within their accounting platform.
- Microsoft Dynamics 365coreFortis offers payment gateway integration with Microsoft Dynamics 365, embedding secure payment processing into Dynamics workflows for businesses using Microsoft's ERP and CRM solutions.
- Intuit QuickBookscoreFortis provides payment integration for Intuit QuickBooks users, enabling PCI-compliant payment acceptance, invoice processing, and streamlined payment workflows for small and mid-sized businesses.
- AcumaticacoreFortis integrates with Acumatica cloud ERP platform, providing embedded payment solutions for Acumatica customers seeking seamless payment processing within their cloud-based ERP environment.
- KeyBank National AssociationcoreFortis is a registered ISO (Independent Sales Organization) for KeyBank National Association (Cleveland, OH), enabling payment processing services through KeyBank's banking network.
- Fifth Third Bank, N.A.coreFortis is a registered ISO for Fifth Third Bank (Cincinnati, OH), providing payment processing capabilities through Fifth Third's banking infrastructure.
- Citizens Bank, N.A.coreFortis is a registered ISO for Citizens Bank, N.A. (Providence, RI), enabling payment services through Citizens Bank's network.
- Compass BankcoreFortis is a registered ISO for Compass Bank (an Alabama State-chartered bank), expanding payment processing network reach.
- Woodforest National BankcoreFortis is a registered ISO for Woodforest National Bank (The Woodlands, TX), providing payment processing services through this regional bank.
- U.S. BancorpcoreFortis is a registered ISO for U.S. Bancorp (Minneapolis, MN), including the Canadian branch of U.S. Bank National Association, enabling cross-border payment capabilities.
- PNC Bank, N.A.coreFortis is a registered ISO for PNC Bank, N.A. (Pittsburgh, PA), expanding payment processing reach through PNC's banking network.
- Pathward, N.A.coreFortis is a registered ISO for Pathward, N.A. (Sioux Falls, SD), enabling payment processing through Pathward's financial infrastructure.
- Elavon, Inc.coreFortis is a registered ISO for Elavon, Inc. (Atlanta, Georgia), a major payment processor, expanding Fortis's payment network capabilities.
Scale indicators4 records
Recent moves6 records
Expansion highlights5 records
Payment Logistics competitors and assessment
Company assessmentDirect peers
- Stax Payments: Subscription-based payment processor and ISO serving SaaS platforms and SMBs with integrated payment acceptance. Comparable to Fortis in its ISO model and software-platform-embedded payments GTM.
- Finix: Embedded payments infrastructure provider enabling ISVs and software platforms to monetize payments. Directly comparable to Fortis's Platform Monetization and embedded payments offerings.
- Payrix (FIS): Embedded payments and merchant management platform purpose-built for ISVs and SaaS platforms, now part of FIS. Closely comparable to Fortis's platform-monetization and white-label embedded payments offering.
- Clearly Payments: Payment processor specializing in ERP-integrated payment solutions for NetSuite, Sage, QuickBooks, and Acumatica — directly mirroring Fortis's ERP integration footprint and B2B focus.
Broad incumbents
- WePay (JPMorgan): Embedded payments platform owned by JPMorgan serving software platforms like GoFundme, Constant Contact, and FreshBooks. Competes directly with Fortis's ISV-embedded payments proposition, with far greater balance-sheet backing.
- Stripe: Global payments platform with Stripe Connect for embedded payments and Stripe Terminal for in-person acceptance. Competes with Fortis across embedded payments, developer APIs, and payment acceptance, with substantially larger scale and resources.
- Adyen: Global unified payments platform offering acquiring, processing, and embedded payments for platforms. Competes with Fortis on payment processing infrastructure and platform-embedded offerings at enterprise scale.
- Square (Block): Payment processor and ISO offering in-person, online, and developer-integrated payment acceptance. Overlaps with Fortis's payment acceptance and API-driven offerings, particularly for SMB and mid-market.
Emerging players
- Spreedly: Payment orchestration platform providing APIs to route transactions across multiple gateways and merchant accounts. Comparable to Fortis's API-first payment infrastructure for software platforms needing multi-processor flexibility.
Regional players
- Payscape: US-based payment processor and ISO offering integrated payment solutions for SMBs, ISVs, and vertical SaaS platforms. Comparable in scale, ISO structure, and software-platform-embedded GTM to Fortis.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Payment Logistics social profiles
Digital presencePayment Logistics financial estimates
Financial estimateRevenue estimate
Valuation estimate
Payment Logistics leadership team
Management profileNumber of profiles
Profiles2 records
Payment Logistics funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Payment Logistics M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Payment Logistics
What does Payment Logistics do?
Payment Logistics (operating as Fortis) is a payment facilitator that delivers embedded payment processing solutions integrated directly into ERP and software platforms. Its product portfolio includes in-person, online, and mobile payment acceptance with Level 2/Level 3 processing, click-to-pay invoicing, text-to-pay, accounts receivable automation, and platform monetization for ISVs. The offering is supported by developer-first APIs, SDKs, and native integrations with Acumatica, Microsoft Dynamics 365, Oracle NetSuite, Sage, and QuickBooks.
Is Payment Logistics a public or private company?
Payment Logistics is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Payment Logistics founded?
Payment Logistics was founded in 2003. It employs 11 to 50 people.
Where is Payment Logistics based?
Payment Logistics is headquartered in San Diego, United States, in the North America region.
How does Payment Logistics make money?
Three revenue lines are on record. Payment Processing is the primary driver. The others are platform Monetization Services and ERP Payment Integration Services.
Who are Payment Logistics's main competitors?
Direct peers on record are Stax Payments, Finix, Payrix (FIS) and Clearly Payments. Broad incumbents are WePay (JPMorgan), Stripe, Adyen and Square (Block). Spreedly is listed as an emerging player. Payscape is listed as a regional player.
Does Payment Logistics have an API?
Yes. Fortis offers developer-first payment APIs with REST architecture, SDKs, code samples, and an API console. Features easy authentication, clear documentation, and a sandbox environment for building, integrating, and scaling payment solutions. The API enables embedded payments, merchant onboarding, payment acceptance, and transaction processing. Developer documentation is at docs.fortis.tech/v/1_0_0.html#/rest/quick-start-guide/overview.