What Payment Service Network (PSN) does

Payment Service Network (PSN) is a U.S.-based electronic bill presentment and payment (EBPP) company founded in 1999 and headquartered in Madison, Wisconsin, operating as a subsidiary of InvoiceCloud, Inc., which is itself owned by Vista Equity Partners. The company provides a web-based payment platform that captures, routes, records, and deposits recurring customer payments across nine distinct payer channels — online, mobile app, call-in, text, counter, field transaction, cash payment location, bank bill payment system, and mailed check — and supports six payment methods (credit card, eCheck, eSavings, paper check, cash, money order). All payment activity is consolidated into a single deposit, single posting to the biller's account management or CIS software, and a single reconciliation report, which is the company's central value proposition.

PSN's platform is integrated with 90+ software companies spanning CIS/account management systems, website builders, and print/mail firms, with data exchange methods ranging from batch to real-time to tokenization. It serves 5,400+ business accounts across utility, municipal and government, property management, healthcare, funeral services, insurance, and financial verticals. The company holds PCI-DSS Level 1 certification, SOC 1 Type 2 certification, and undergoes annual independent security audits in Wisconsin. Money transmission is handled through a partner bank, particularly relevant for cash and money order flows.

PSN generates revenue through transaction fees on processed electronic payments under a sales-led go-to-market model with direct B2B engagement to billers, complemented by software partner referrals and targeted online advertising. New sales inquiries route through InvoiceCloud's shared sales channel. No public pricing tiers or rates are disclosed; pricing is quote-based. The company maintains a small 11–50 person headcount, reflecting the operational efficiency of a focused payment processor versus bundled software-payment competitors, and serves its market without disclosed AI capabilities, public APIs, or consumer-facing mobile app listings.

Name

Payment Service Network (PSN)

Legal name

Payment Service Network, Inc.

Website

https://info.paymentservicenetwork.com

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

Payment Service Network (PSN) is a U.S. EBPP platform founded in 1999, subsidiary of InvoiceCloud (Vista Equity Partners), serving 5,400+ business accounts across utility, municipal, property management, healthcare, insurance, and financial verticals with consolidated multi-channel, multi-method recurring payment processing.

Ownership category

akta.pro rank

Product category

Bill Payment Software

NAICS

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

SIC

Finance Services (6199)

akta.pro primary industry

Biller Direct EBPP Platforms (FSAMAJAA)

akta.pro secondary industries

Recurring Billing & AutoPay Management (FSAMAJAE), Payment Posting, Reconciliation & Cash Application for Bills (FSAMAJAL)

Keywords

• Electronic bill presentment
• Payment processing services
• Recurring billing software
• Bill payment platform
• EBPP solutions

Headquarters

HQ city

Madison

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

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

Revenue model

1. Electronic Payment Processing: PSN charges businesses for electronic bill presentment and payment processing services. The company provides payment processing infrastructure that captures, routes, records payments, deposits money (via partner bank), and provides real-time transaction reports.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels4 records

Core offering

PSN provides a web-based Electronic Bill Presentment and Payment (EBPP) platform that enables businesses to accept and process recurring customer payments through multiple channels (online, mobile app, phone, text, counter, field, cash locations, bank bill pay, mail) and multiple methods (credit card, eCheck, paper check, cash, money order). All payments are consolidated into a single deposit, single posting to the biller's software, and single reconciliation report, with real-time transaction details on who paid, where, when, what, and how much.

Product overview

Payment Service Network (PSN) provides a unified electronic bill presentment and payment (EBPP) platform that specializes in automating recurring customer payment processes. The company was established in 1999 and joined forces with InvoiceCloud in 2020. PSN's core offering consists of its EBPP platform combined with payment processing services (payment capture, routing, recording, and deposit) and supplementary ePayments, eBills, and eCommunications modules. The platform integrates with over 90 software companies to deliver automated payment posting and online amount display capabilities, serving industries including utility, municipal and government, property management, health care, funeral services, insurance, and financial sectors. All payment methods are consolidated into a single deposit, posting, and reconciliation report regardless of how customers choose to pay.

Differentiator

Problem solved

Functional benefit

Products and services

• Electronic Bill Presentment and Payment (EBPP) Platform PSN's core web-based platform enabling businesses (Billers) to present bills electronically and accept payments through multiple channels including online, mobile app, call-in, text, counter, field transactions, cash payment locations, bank bill payment systems, and mailed checks. Supports credit card, eCheck, eSavings, paper check, cash, and money order payments with consolidated deposit, posting, and reconciliation.
• Payment Processing Services Core payment services including payment capture, routing, recording, and deposit (via partner bank), providing real-time transaction reports covering who, where, what, when, and how much details for each transaction. Designed for businesses across utility, municipal, property management, healthcare, funeral services, insurance, and financial sectors.
• ePayments, eBills, and eCommunications Suite Suite of electronic payment, electronic bill presentment, and electronic communication services enabling businesses to offer comprehensive digital billing and payment options to their customers. Businesses can select those services that are right for their needs.

Quantifiable outcome

• Serving 5,400+ business accounts
• +1 more outcomes

Segments8 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Three partnerships are on record, tiered core.

• InvoiceCloudcoreStrategic or Co-development Partner · 1 January 2020In 2020, PSN joined forces with InvoiceCloud to provide the industry's leading electronic payment and billing platform. PSN operates as part of the InvoiceCloud ecosystem while maintaining its own brand presence.
• Over 90 Software CompaniescoreTechnology or IntegrationPSN integrates its web-based payment solutions with over 90 software companies. The system is designed to easily integrate with any software that can import/export customer data for automated payment posting and displaying amounts due online. Data exchange ranges from batch to real-time to tokenization.
• Partner BankcoreOthersUnderlying money transmission is provided by PSN's partner bank, enabling cash payment processing and money order handling.

Scale indicators3 records

Recent moves6 records

Expansion highlights4 records

Market position

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/payment-service-network

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&A

Investments

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

Frequently asked questions about Payment Service Network (PSN)