Digital Payment Systems

What Digital Payment Systems does

Digital Payment Systems, Inc. is a family-owned Independent Sales Organization founded in 2002 and headquartered in Hudson, Florida, with a satellite office in Manassas, Virginia. The company operates as a registered ISO of Citizens Bank, N.A., Providence, RI, and provides merchant payment services directly to small and medium-sized businesses via phone-based sales (1-866-623-0067). The core offering comprises three product lines: payment processing (acceptance of major credit cards plus WEX and Voyager fleet cards, with contactless, NFC, EMV, on-screen signature capture, tip prompts, text-to-pay, and digital receipts), equipment resale (a curated dual-vendor portfolio spanning Valor PayTech's VL and VP series and Dejavoo's Android P/QD and Linux Z lines across countertop, PIN-pad, wireless, and mobile form factors), and merchant cash advances (working capital tied to future card batches). A WEX integration supports specialized fleet and automotive verticals such as fuel stations, truck stops, auto repair shops, convenience stores, towing services, and logistics hubs.

The technology architecture is a third-party-orchestrated payments stack rather than a proprietary platform: processing runs under Citizens Bank's sponsorship through partner-supplied terminals and firmware, with light native integrations to QuickBooks Online for reconciliation and to WEX/Voyager for fleet-card acceptance. Features such as dual MID support, a mobile payment app for smartphone-based acceptance, and an auto-batch reporting layer add merchant-facing configurability but do not constitute a differentiated core platform.

Commercially, Digital Payment Systems monetizes through four streams: per-transaction processing fees (with custom quote-based pricing, no published rates), merchant cash advance interest/factor economics, equipment resale margins on Valor and Dejavoo hardware, and fleet-card processing fees. The customer base is a long-tail of SMBs in Florida and Virginia spanning retail, quick-service restaurants, fuel/auto, and mobile-field-service use cases, with no named logo concentration disclosed. GTM is exclusively direct phone sales targeting merchants seeking hands-on support as an alternative to national processors, supported by a content-oriented website as the lead-generation surface.

Name

Digital Payment Systems

Legal name

Digital Payment Systems, Inc.

Website

https://digitalpayment.biz

Company type

Private

Founded year

2002

Operating status

Operating

Headcount range

11–50 employees

Short description

Digital Payment Systems is a family-owned Independent Sales Organization founded in 2002, headquartered in Hudson, Florida, that provides credit card processing, fleet card acceptance (WEX/Voyager), merchant cash advances, and payment terminal resale to small and medium-sized businesses in the U.S.

Ownership category

akta.pro rank

Product category

Payment Processing

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Digital Payments & Money Movement (ACH/SEPA/FPS, Bill Pay, P2P) (FSAGAAAF)

Keywords

• Payment processing
• Merchant services
• Credit card processing
• POS equipment
• Merchant cash advances

Headquarters

HQ city

Hudson

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Payment Processing Fees: Transaction-based fees charged to merchants for processing credit card payments. The company offers traditional pricing structures as well as flexible programs to manage costs.
2. Merchant Cash Advances: Provides cash advances to processing merchants based on future credit card sales. Repayment is tied to credit card batches, with funds deposited as lump sum or installments.
3. Equipment Sales: Sale of payment terminals and POS systems from Valor PayTech and Dejavoo, including countertop terminals, wireless POS, PIN pads, and mobile devices.
4. Fleet Card Processing: Processing fees for WEX fleet cards and other commercial fleet payment solutions, particularly for fuel and maintenance purchases.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Digital Payment Systems is a family-owned Independent Sales Organization (ISO) of Citizens Bank, N.A. that provides payment processing services to small and medium-sized businesses. The company enables merchants to accept all major credit cards, fleet cards (WEX/Voyager), and mobile/contactless payments, sells credit card terminals and POS hardware from Valor PayTech and Dejavoo, and offers merchant cash advances based on future credit card sales.

Product overview

Digital Payment Systems is a family-owned payment processor offering a unified merchant services platform since 2002. The core offering comprises three interconnected services: Payment Processing (accepting credit cards, fleet cards, and mobile payments with features like contactless tap-to-pay and text-to-pay), Equipment (curated payment terminals from Valor PayTech and Dejavoo covering countertop, PIN pad, wireless, and mobile form factors), and Cash Advances (working capital based on future credit card sales). The Valor PayTech line includes the VL and VP series terminals with touchscreen and basic models for various business sizes. The Dejavoo line spans Android-based P and QD series with interactive touchscreens and Linux-based Z series for high-volume processing. Wright Express (WEX) fleet card integration is offered as an add-on for automotive industry businesses.

Differentiator

Problem solved

Functional benefit

Products and services

• Payment Processing Core payment processing service enabling businesses to accept credit cards, fleet cards, and mobile payments with features including contactless tap-to-pay, on-screen signature capture, tip prompts, text-to-pay, and digital receipts. Targeted at small and medium-sized merchants across retail, restaurant, service, and mobile business verticals.
• Merchant Cash Advances Merchant cash advance program providing working capital to processing merchants based on future credit card sales. No collateral or asset minimums are required; funds are deposited directly into merchant accounts as a lump sum or installments, with repayment tied to future credit card batches.
• Valor PayTech Terminals Line of payment terminals featuring countertop POS terminals (VL100 Pro, VP100, VP550C), PIN pads (VL300, VP300, VP300 Pro, VP350), wireless POS terminals (VL110, VL550, VP550/VP550E, VP800), and the RCKT mobile device. Designed for retail, quick-service restaurants, and mobile/field service merchants.
• Dejavoo Terminals Payment terminals running Android and Linux platforms with ergonomic design, powerful software, and top-tier security. Includes Android P Line (P1, P3, P5, P8, P12, P17), Android QD Line (QD1, QD2, QD3, QD4, QD5), and Linux Z Line (Z6, Z8, Z9, Z11). Serves retail, restaurant, and mobile business verticals.
• WEX Fleet Card Processing Fleet card processing service enabling businesses such as fuel stations, truck stops, auto repair shops, convenience stores, and towing services to accept WEX and Voyager fleet cards for fuel and maintenance purchases. Includes direct deposit processing and WEX Connect mobile app visibility for locating authorized service providers.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Feature5 records

Partnerships

Four partnerships are on record, tiered core.

• Citizens Bank, N.A.coreChannel Partner/ Reseller/ DistributorDigital Payment Systems, Inc. is a registered Independent Sales Organization of Citizens Bank, N.A., Providence, RI. This partnership enables the company to provide payment processing services under the bank's regulatory framework.
• Valor PayTechcoreTechnology or IntegrationEquipment provider offering a range of terminals including VL100 Pro, VP100, VP550C, VL300, VP300, VP300 Pro, VP350, VL110, VL550, VP550/VP550E, VP800, and RCKT mobile device. Provides countertop POS, PIN pads, wireless terminals, next-gen POS systems, and mobile payment solutions.
• DejavoocoreTechnology or IntegrationEquipment provider offering Android P Line (P1, P3, P5, P8, P12, P17), Android QD Line (QD1, QD2, QD3, QD4, QD5), and Linux Z Line (Z6, Z8, Z9, Z11) terminals. Provides versatile payment solutions across Android and Linux platforms serving retail, restaurant, and mobile business verticals.
• WEX Inc.coreTechnology or IntegrationWEX Inc. (formerly Wright Express Corporation) is a global leader in fleet management and fuel card solutions. Digital Payment Systems integrates WEX fleet card acceptance into their merchant services platform, enabling businesses to accept WEX cards for fuel and maintenance purchases at thousands of stations nationwide.

Scale indicators1 record

Recent moves5 records

Expansion highlights5 records

Direct peers

• Toast: A restaurant-specialized payments and POS platform integrating processing, hardware, and software. Comparable to DPS's retail/quick-service positioning and similar SMB vertical focus, though with proprietary platform depth.
• Stax (formerly Fattmerchant): Subscription-based SMB payment processor targeting similar merchants as DPS with transparent pricing and integrated software — a directly comparable competitor evolving toward a platform play.
• PaymentCloud: An ISO specializing in SMB and higher-risk merchant processing with direct sales motion and curated terminal offerings — analogous GTM model and merchant profile to Digital Payment Systems.
• Helcim: A SMB payment processor offering card-present processing, terminals, and merchant pricing — competes directly with DPS for SMB merchants, though differentiated by transparent published pricing and a software-first platform.
• Dharma Merchant Services: An SMB-focused payment processor serving small businesses with transparent interchange-plus pricing and curated terminal offerings — closely comparable to DPS in target market and high-touch merchant service model.
• North American Bancard: A large Independent Sales Organization (ISO) providing merchant card processing, equipment, and cash advance services to SMBs — structurally identical to Digital Payment Systems with multi-state sales coverage and a similar full-service ISO model.

Broad incumbents

• Clover Network (Fiserv): A dominant SMB POS and payments platform owned by Fiserv, integrating hardware, software, and processing. While much larger, Clover competes for the same merchant via a bundled software-plus-hardware stack that pressures DPS's service-based positioning.
• Heartland Payment Systems (Global Payments): A legacy ISO-turned-acquirer (now part of Global Payments) historically focused on SMB merchant services with bank-partner processing. Operates at much larger scale, but shares the ISO-to-full-merchant-services evolution with DPS.
• Square (Block): The dominant SMB payments brand in the U.S., combining flat-rate processing, integrated hardware, and software. Represents the principal incumbent competitor whose transparent pricing and bundled stack redefines SMB expectations.
• Stripe Terminal: Stripe's in-person payments product pairing software-led onboarding with curated hardware (Reader, BBPOS). Targets the same SMB processing market as DPS but with developer-friendly APIs and global scalability.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 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 Digital Payment Systems