Payment Systems Group
Payment Systems Group is a US-based payment technology provider offering proprietary ACH and credit card processing engines that power biweekly loan acceleration programs and electronic bill payment for auto dealerships, mortgage companies, property managers, and insurance firms across 100+ business clients.
- Company typePrivate
- Founded2001
- HeadquartersChesterfield, United States
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
What Payment Systems Group does
Payment Systems Group, Inc. (PSG) is a privately held US payment technology company founded in 2001 by Grant Szalay and James McKee III, headquartered in Chesterfield, Missouri with operational offices in Seattle, St. Louis, Louisville, and Washington D.C. The company operates a web services-based payment processing platform built on two proprietary engines: ACHPPE (ACH Payment Processing Engine) for high-volume ACH transactions and CCPPE (Credit Card Payment Processing Engine) for PCI-compliant card processing. PSG's product portfolio centers on two core offerings: (1) Loan Acceleration Program, including biweekly mortgage and auto loan programs distributed through the MakeMyPayments.com consumer enrollment platform, and (2) eBill Pay, an enterprise bill payment processing service. The platform is language- and OS-agnostic, supporting integration with .NET, PHP, Java and deployment on Microsoft, Linux, and Unix environments.
PSG generates revenue through four primary streams: per-transaction fees ($3.50-$5.00 per debit on loan acceleration programs), revenue sharing and commissions from channel partners, professional services for custom integration work, and licensing/white-label arrangements. The go-to-market combines direct enterprise sales with a heavy channel partner emphasis, distributing through auto dealership networks (via ADP Dealer Services and Reynolds & Reynolds integrations), mortgage companies, insurance companies, and the MakeMyPayments.com affiliate enrollment platform. The company serves over 100 business clients across auto dealerships, mortgage servicers, property management firms, insurance providers, and e-commerce merchants, with claimed infrastructure reach to more than 10,000 financial institutions through partner integrations.
The company is bootstrapped with no disclosed funding rounds and operates with 11-50 employees. Notable strategic partnerships include ADP Dealer Services, NACHA, Microsoft, FIS, EPCOR, MicroBilt, and Fort Knox National Company, the latter processing 24 million payments moving $32 billion annually through PSG infrastructure. The company's website copyright extends only through 2014, indicating limited recent public-facing activity. PSG is incorporated as a corporation in Missouri, USA and operates exclusively in the domestic US market.
Payment Systems Group firmographics
Firmographics- Name
- Payment Systems Group
- Legal name
- Payment Systems Group, Inc.
- Website
- https://paymentsystemsgroup.com
- Company type
- Private
- Founded year
- 2001
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Payment Systems Group is a US-based payment technology provider offering proprietary ACH and credit card processing engines that power biweekly loan acceleration programs and electronic bill payment for auto dealerships, mortgage companies, property managers, and insurance firms across 100+ business clients.
- Ownership category
- akta.pro rank
Payment Systems Group industry classification
Industry- Product category
- Payment Processing Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (52232), Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)
- akta.pro secondary industries
- Direct Debit / ACH Collections & Recurring Billing (FSAMAGAE), Biller Direct EBPP Platforms (FSAMAJAA), Recurring Billing & AutoPay Management (FSAMAJAE), Integrated Payment Processors (PSP/Acquirer) (FSAMABAA)
Keywords
Where Payment Systems Group is headquartered
LocationHeadquarters
- HQ city
- Chesterfield
- HQ country
- United States
- HQ region
- North America
Offices5 records
Markets served
Payment Systems Group business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales
Revenue model
- Transaction Fees (Bill Payment Processing): Charges per individual payment transaction processed through the platform. Payments are processed via ACH and credit card. Transaction fees represent a core recurring revenue stream as customers make regular monthly or biweekly payments.
- Revenue Sharing / Commissions (Loan Acceleration): Revenue sharing arrangements and commissions earned from loan acceleration programs distributed through channel partners including auto dealerships, mortgage companies, and insurance companies. Partners resell the program to end-consumer borrowers.
- Professional Services: Custom development, integration, and implementation services for enterprise clients needing bespoke payment solutions and system integrations (e.g., ADP Dealer Services integration, Reynolds & Reynolds auto services coordination).
- Licensing / White-label: Licensing and white-label arrangements allowing partners to embed or rebrand payment processing technology under their own brand. Partners include financial institutions, technology providers, and payment networks.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Pay-as-you-go | Biweekly Loan Acceleration - Per Transaction Fee |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels4 records
Payment Systems Group product offering
Product offeringCore offering
Payment Systems Group provides payment processing technology and software for mid-to-large businesses. The company sells proprietary ACH (ACHPPE) and credit card (CCPPE) payment processing engines, biweekly loan acceleration programs for auto, mortgage, student, and consumer loans, electronic bill pay platforms, and custom payment solutions built on a web services architecture that integrates with dealer management systems and financial institution networks.
Product overview
Payment Systems Group offers a portfolio of payment technology products centered around loan acceleration and electronic bill payment. The core offerings include: (1) Loan Acceleration Program - a biweekly payment system for mortgages, auto loans, student loans, and debt consolidation; (2) eBill Pay - an online bill payment platform processing ACH and credit card transactions. Key platforms supporting these products include the ACH Payment Processing Engine (ACHPPE) for high-volume ACH transactions and the Credit Card Payment Processing Engine (CCPPE) built on PCI-compliance standards. The company also provides Custom Solutions for industry-specific payment needs. All products are built on a web services platform providing integration with any programming language or platform. MakeMyPayments.com serves as a branded sub-product for biweekly mortgage and auto loan acceleration.
Differentiator
Problem solved
Functional benefit
Products and services
- Loan Acceleration Program
Quantifiable outcome
- Consumers who use biweekly loan acceleration can pay off loans years earlier and save significant interest costs
- +1 more outcomes
Companies that use Payment Systems Group
Customer profileNamed customers7 records
Segments4 records
Ideal customer profiles4 records
Payment Systems Group technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
Feature4 records
Payment Systems Group partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and minor.
- EPCORcoreEPCOR serves as a strategic partner providing education, personalized support, and industry leadership to Payment Systems Group. The partnership focuses on driving adoption of payment standards and best practices across the network.
- FIS (Fidelity Information Services)coreFIS is a leading technology provider to the banking and financial industry. As a technology partner, FIS enables PSG's payment processing infrastructure to integrate with banking systems and standards maintained by FIS's financial institution client base.
- ISACAminorISACA is a global association focused on IT governance, control, security, and assurance. The partnership supports PSG's compliance, security governance, and adherence to industry controls standards for payment processing.
- MicrosoftcoreMicrosoft provides software, services, and solutions that underpin PSG's technology infrastructure. The partnership leverages Microsoft cloud and development platforms to power PSG's web services and payment processing capabilities.
- NACHAcoreNACHA develops and administers the operating rules and business practices for the ACH Network, the primary electronic payment system in the United States. PSG's ACH payment processing capabilities depend on NACHA standards and compliance frameworks.
- Won Park (Origami Artist)minorWon Park, a renowned origami artist, creates artwork for PSG's brand and marketing materials. This is a creative partnership for artistic content rather than a commercial business integration.
- ADP (Automatic Data Processing) - Dealer Services ProgramcoreADP's Dealer Services Program integrates PSG's biweekly loan acceleration program (MakeMyPayments.com) with dealer management systems, enabling auto dealerships to bring in customer data with a single click and offer accelerated loan payoff programs to vehicle buyers.
- Cascade Equity GroupminorCascade Equity Group is a biweekly mortgage provider relationship where Cascade distributes PSG's loan acceleration program to its mortgage customer base, enabling borrowers to accelerate mortgage payoff through biweekly payments.
- ADP (Automatic Data Processing)coreADP serves as a technology integration partner enabling third-party access to dealer management systems, allowing PSG to integrate its payment processing and loan acceleration products seamlessly into ADP's dealer network infrastructure.
Scale indicators3 records
Recent moves5 records
Expansion highlights5 records
Payment Systems Group competitors and assessment
Company assessmentDirect peers
- Paymentus: Bill payment and presentment processor serving utilities, property management, insurance, and consumer finance verticals with ACH and card rails — directly comparable to PSG's eBill Pay offering across overlapping verticals.
- Payrix: Embedded payments platform offering ACH and card processing with white-label and partner revenue-share models specifically targeting vertical SaaS and B2B platforms — strong analog to PSG's channel-partner model.
- Finix: Modern web services payment processing platform enabling software companies to embed ACH and card payments with white-label options — directly mirrors PSG's ACHPPE/CCPPE white-label proposition for partners.
- Dwolla: Web services-based ACH payment processing platform used by platforms to move money between bank accounts; directly overlaps PSG's ACHPPE engine in API-driven payment processing.
Emerging players
- Mortgage Coach: Loan comparison and decisioning tool used by loan officers to show borrowers accelerated payoff scenarios; competes in the same biweekly mortgage acceleration conversation that PSG powers for partners like Cascade Equity Group.
- ActiveHours (Earnin): Consumer-facing platform helping users accelerate pay cycles and reduce reliance on traditional debt products — adjacent to PSG's loan acceleration mission but targeting wages rather than installment debt.
- YapYap Solutions (Biweekly Mortgage): Direct-to-consumer biweekly mortgage acceleration provider; targets the same end-consumer need as PSG's MakeMyPayments.com but as a branded direct offering rather than a partner-distributed program.
Broad incumbents
- ACI Worldwide: Large incumbent payments software provider offering real-time, ACH, card and bill payment processing across multiple industries. Comparable to PSG's ACHPPE/CCPPE dual-engine platform at much larger scale.
- Jack Henry & Associates: Major banking and payments technology provider serving thousands of financial institutions with bill pay, ACH, and card processing — the broader incumbent comparable to PSG's 10,000+ financial institution footprint.
- FIS (Fidelity National Information Services): One of PSG's named core technology partners and the dominant payments and banking technology incumbent; closely relevant for benchmarking scale of processing infrastructure and bank-channel distribution.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Payment Systems Group social profiles
Digital presencePayment Systems Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Payment Systems Group leadership team
Management profileNumber of profiles
Profiles2 records
Payment Systems Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Payment Systems Group 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 Systems Group
What does Payment Systems Group do?
Payment Systems Group provides payment processing technology and software for mid-to-large businesses. The company sells proprietary ACH (ACHPPE) and credit card (CCPPE) payment processing engines, biweekly loan acceleration programs for auto, mortgage, student, and consumer loans, electronic bill pay platforms, and custom payment solutions built on a web services architecture that integrates with dealer management systems and financial institution networks.
Is Payment Systems Group a public or private company?
Payment Systems Group is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Payment Systems Group founded?
Payment Systems Group was founded in 2001. It employs 1 to 10 people.
Where is Payment Systems Group based?
Payment Systems Group is headquartered in Chesterfield, United States, in the North America region.
How does Payment Systems Group make money?
Four revenue lines are on record. Transaction Fees (Bill Payment Processing) is the primary driver. The others are revenue Sharing / Commissions (Loan Acceleration), professional Services and licensing / White-label.
Who are Payment Systems Group's main competitors?
Direct peers on record are Paymentus, Payrix, Finix and Dwolla. Emerging players are Mortgage Coach, ActiveHours (Earnin) and YapYap Solutions (Biweekly Mortgage). Broad incumbents are ACI Worldwide, Jack Henry & Associates and FIS (Fidelity National Information Services).
Does Payment Systems Group have an API?
Yes. PSG offers a web services-based payment processing platform that enables computer-to-computer interaction over a network. The ACH Payment Processing Engine (ACHPPE) supports high-volume transactions processing several hundred thousand transactions in seconds. The web services interface is described as simple for programmers to use and provides real-time verification of data passed into the ACH Network. Platform independence allows integration with any programming language (.NET, PHP, Java, etc.) and any platform (Microsoft, Linux, Unix, etc.).
What industry is Payment Systems Group in?
Payment Systems Group's product category is Payment Processing Software. Its primary akta.pro industry code is BPAMAFAF, Bill Pay, Invoicing & Payables Platforms, with a secondary code of FSAMAGAE, Direct Debit / ACH Collections & Recurring Billing. Its NAICS code is 52232 and its SIC code is 6199.