Transact Bank

What Transact Bank does

Transact Bank N.A. is a federally chartered US national bank headquartered in Denver, Colorado, formed in August 2018 through the acquisition of Colorado National Bank by fintech entrepreneurs and rebranded as Transact Bank effective March 31, 2020. It is affiliated with Transact Pro, a European payment institution established in 2004 that holds principal memberships in Visa, Mastercard, SWIFT, and SEPA. Together the two entities operate a cross-continental banking and payments platform serving online merchants, corporate/enterprise clients, banks and PSPs, and fintech companies across the US, EU, and the UK, with SWIFT reach to 11,000+ banks in 200+ countries.

The bank's product set is organized into Banking Solutions (online banking, corporate Visa cards, ACH payments, RegTech/AML via Accuity, VISA/Mastercard settlement agent, correspondent banking), Gateway Solutions (white-label gateway, payment gateway, fraud monitoring, chargeback management), and Payment Solutions (multi-currency bank accounts, SWIFT and SEPA payments, Original Credit Transaction, P2P, custom services, and open APIs). The technology stack is built on the Fiserv Precision core banking platform with a proprietary PCI DSS Level 1 certified gateway supporting tokenization, MO/TO, batch processing, 3D Secure, multi-currency settlement, and interchange optimization.

Revenue is generated primarily through transaction-based fees on payment processing and card acquiring (EU card rates starting at 0.5%, cross-border interchange savings up to 1.5%), interchange revenue from card issuing (corporate, prepaid, virtual, loyalty cards), and recurring/subscription fees on white-label gateway and gateway-as-a-service arrangements. Distribution combines API-first and white-label embedded delivery with direct enterprise sales, a contact-form-driven bottom-of-funnel for merchants/corporates/banks/PSPs/fintechs, and content/event-led top-of-funnel marketing including the Latvian-American Chamber of Commerce "Born in Latvia" webinar series.

Name

Transact Bank

Legal name

Transact Bank National Association

Website

https://transactbank.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

11–50 employees

Short description

Transact Bank N.A. is a federally chartered US bank in Denver, affiliated with EU payment institution Transact Pro, providing cross-border payment processing, card issuing, white-label gateways, and open API banking services to merchants, corporates, banks/PSPs, and fintechs.

Ownership category

akta.pro rank

Product category

Payment Processing & Banking Services

NAICS

Commercial Banking (52211), Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

National Commercial Banks (6021)

akta.pro primary industry

Cross-Border & FX Payments Platforms (BPAMAFAK)

akta.pro secondary industries

Cross-Border Card-Based Transfers & Multi-Currency Cards (FSAGAKAE), A2A Cross-Border & FX via Open Banking (FSAMAFAK), Cross-Border A2A & Bank Transfer Networks (FSAMAIAF), Remittance & Cross-Border Payment Rails (SWIFT, Local Clearing, RTP Connectivity) (FSAGAKAH)

Keywords

• Payment processing
• Card issuing
• White-label gateway
• Cross-border payments
• Merchant acquiring

Headquarters

HQ city

Denver

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Payment Processing and Card Acquiring: Transaction-based revenue from processing online card payments, cross-border commerce, and multi-currency settlement. Rates for EU card payments start at 0.5%, with potential savings up to 1.5% on cross-border interchange.
2. Card Issuing Services: Revenue from issuing corporate cards, prepaid cards, virtual cards, and loyalty cards to businesses. Cards generate interchange revenue and potential monthly/annual fees.
3. Gateway Solutions: White label gateway, payment gateway as a service, and chargeback management services provided to merchants, banks, PSPs, and fintech companies under branded arrangements.
4. API and Banking Services: Open API access to payment processing, transfers, account management, and financial services for developers and fintech companies. SWIFT and SEPA payment services for cross-border money movement.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels4 records

Core offering

Transact Bank is a federally chartered national bank providing payment processing, card issuing, and white-label gateway solutions to merchants, corporates, banks/PSPs, and fintech companies across North America and Europe. Its platform enables multi-currency settlement, cross-border commerce, card acquiring, ACH payments, SWIFT/SEPA wire transfers, P2P, Original Credit Transactions, fraud monitoring, chargeback management, and AML/RegTech compliance, delivered via direct services, open APIs, and white-label integrations under partner brands.

Product overview

Transact Bank is a federally chartered bank offering a comprehensive payment and banking platform with a modular architecture. The core offerings span Banking Solutions (Online Banking, Corporate VISA Cards, RegTech Solutions, ACH Payments, Settlement Agent, Correspondent Banking), Gateway Solutions (White Label Gateway, Risk Management, Payment Gateway, Chargeback Management), and Payment Solutions (Bank Accounts, SWIFT/SEPA Payments, OCT, P2P Payments, API Services, Custom Services). The platform is built on Fiserv Precision core banking with a proprietary PCI DSS Level 1 certified gateway, enabling cross-border commerce through multi-national processing, multi-currency settlement, and interchange optimization across US and EU markets.

Differentiator

Problem solved

Functional benefit

Products and services

• Online Banking Secure online banking platform enabling users to view bank accounts, wire money globally, accept mobile deposits, facilitate account transfers, check balances, and monitor transaction history. For merchants, corporates, and personal banking customers in US and EU regions.
• Corporate VISA Cards Corporate card issuing program for businesses providing employee cards with spending controls, usable in person or online wherever Visa is accepted, with real-time analytics via Online Bank. For corporate clients seeking to reduce administrative expenses.
• ACH Payments B2B and B2C debit payment solution allowing acceptance of direct payments from US bank accounts, suitable for invoicing, online bill payment, and recurring payments. For merchants and businesses seeking lower-cost US domestic debit acceptance.
• VISA/Mastercard Settlement Agent Settlement services to receive, settle, and transfer funds related to payment processing on behalf of any other bank or payment processor. For banks and PSPs seeking sponsored card settlement capabilities.
• Correspondent Banking Acts as a domestic bank's agent abroad for clients using VISA/Mastercard Settlement Agent services, facilitating wire transfers and business transactions. For international banks and PSPs needing US correspondent relationships.
• White Label Gateway Fully brandable, easily integrated white label payment processing solution with multi-channel and multi-currency payments, recurring payments, advanced risk management, and fraud monitoring. For banks, PSPs, and FinTechs seeking to offer payment processing under their own brand.
• Payment Gateway Payment processing gateway that forwards credit card information from websites to card processing networks with multi-currency processing, subscriptions, invoice payments, one-click payments, integrated fields, tokenization, MO/TO, and batch processing. For merchants accepting online card payments.
• Bank Accounts (Multi-Currency) Multi-currency accounts enabling quick global payment sending and receiving with industry-best foreign exchange rates and minimal cross-border wire fees. For merchants, corporates, and fintechs conducting international commerce.
• SWIFT Payments International payment network connecting with over 11,000 banks in over 200 countries for quick and secure international wire transfers. For businesses and fintechs needing global wire transfer capabilities.
• SEPA Payments European payment service through affiliate Transact Pro enabling incoming and outgoing SEPA credit transfers with entirely automated processing, classified as national transactions for lower cost. For businesses needing EUR-denominated intra-Europe payment rails.
• Original Credit Transaction (OCT) Push payment service sending funds to Visa, MasterCard, or Maestro cardholders within minutes, wiring funds directly to cardholder beneficiaries globally. Ideal for insurance reimbursements, manufacturer rebates, government disbursements, affiliate payouts, and expense reimbursements.
• Person to Person (P2P) Payments P2P payment service enabling funds transfer, expense splitting, and exchanges via mobile or internet, protected by 3D Secure technology with all data encrypted per PCI DSS protocol. For consumers and businesses needing quick peer transfers.
• API Services Open API solution providing access to payment processing, transfers, account management, transaction history, sufficient funds checks, and other financial services with white-label capabilities. For developers and fintech companies integrating payments under their own brand.
• NA & EU Acquiring Multi-national payment processing services through local direct presence in US and EU with multi-currency settlement, interchange optimization, and gateway payment services for cross-border commerce. EU card payment rates start at 0.5%, with savings of up to 1.5% on cross-border interchange.

Quantifiable outcome

• Save up to 1.5% on cross-border interchange fees
• +2 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability2 records

Feature8 records

Partnerships

Four partnerships are on record, tiered minor and core.

• Latvian-American Chamber of CommerceminorGTM or Marketing Partner · 16 April 2021Transact Bank was invited to participate in the Latvian-American Chamber of Commerce 'Born in Latvia' webinar series to share their company story and expertise in payments and fintech. The webinar aimed to connect with the business community and showcase Transact Bank's capabilities.
• FiservcoreTechnology or Integration · 3 August 2020Transact Bank partnered with Fiserv to implement the Precision core banking platform, enabling the bank's focus on financial needs of domestic and cross-border businesses. Fiserv provides the technology ecosystem supporting Transact Bank's unique business model with scalable, open-framework technology that integrates with the bank's proprietary certified payments gateway and API platform.
• HopdocminorStrategic or Co-development Partner · 2 June 2020Transact Bank teamed with Hopdoc and its European affiliate Transact Pro to deliver a telemedicine platform to physicians in the UK during the COVID-19 crisis. Transact Pro provided processing technology to facilitate local and cross-border online payments for the free telehealth platform, enabling one-click billing and payments with recurring payment capabilities.
• Transact ProcoreStrategic or Co-development PartnerTransact Pro is Transact Bank's European affiliate, established in 2004. It is a principal member of Visa, Mastercard, SWIFT, and SEPA, providing EU financial services, card acquiring and issuing platforms, and a proprietary PCI DSS Level 1 certified gateway. Together, the companies provide cross-continental payment and banking solutions through card and account issuing APIs on both continents.

Scale indicators5 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Checkout.com: Cross-border payments processor offering acquiring, gateway, and issuing services with strong enterprise focus. Comparable on cross-border optimization, multi-currency settlement, and unified processing; positions similarly as a white-label/embedded infrastructure provider behind banks and fintechs.
• Stripe Inc. Global payments platform with Stripe Connect, Issuing, and Terminal serving marketplaces, platforms, and software companies. Closely comparable on API-first, white-label/embedded payments, card issuing, and cross-border; scale and developer mindshare far exceed Transact Bank's.
• Airwallex: Cross-border payments and multi-currency accounts platform targeting SMBs and enterprise with cards, FX, and acquiring rails. Closely comparable on multi-currency accounts, card issuing, and payment gateway-as-a-service; Transact differentiates with a US national bank charter and EU presence via Transact Pro.
• Adyen NV: Global payments platform combining acquiring, processing, and cross-border gateway for enterprise merchants. Overlaps heavily on cross-border card processing, multi-currency settlement, and gateway-as-a-service; Adyen is much larger and public, while Transact pursues a bank-anchored, white-label/embedded model.
• Wise plc: Public cross-border payments specialist offering multi-currency accounts and low-cost FX transfers to consumers and businesses. Directly comparable on cross-border corridors, multi-currency wallets, and B2B international money movement; differs in that Wise is a non-bank EMI model, while Transact Bank adds US chartered banking and card issuing.
• Payoneer Global Inc. Cross-border B2B payments and multi-currency accounts provider for SMBs, freelancers, and marketplaces. Comparable on multi-currency accounts, cross-border payouts, and card issuance for SMBs; Payoneer is publicly listed and broader in SMB reach.

Emerging players

• Mercury (Mercury Financial): US fintech offering business banking, multi-currency accounts, and card issuing to startups and technology companies via API. Comparable on API-first banking for businesses, card issuing, and cross-border money movement, though Mercury is a software/partner-bank stack rather than a chartered bank.
• Brex Inc. Corporate card and embedded payments provider targeting startups and mid-market with multi-currency accounts and software integrations. Comparable on corporate card issuing, multi-currency, and embedded/white-label ambitions; differs in starting from card-led rather than full acquiring stack.

Broad incumbents

• Bank of America Merchant Services: Acquiring, gateway, and card issuing arm of one of the largest US commercial banks, serving enterprise and SMB merchants. Overlaps on US acquiring, payment gateway, chargeback management, and corporate cards; far larger but lacks the cross-continental, white-label/embedded positioning Transact pursues.
• JPMorgan Payments: Payments division of JPMorgan Chase combining merchant acquiring, treasury, cross-border, and card issuing for global enterprise. Overlaps on enterprise cross-border payments, multi-currency, card issuing, and bank-anchored trust; significantly larger scale, broader FX, and broader balance-sheet support are the key differences.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/transact-bank-n-a

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

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 Transact Bank