North Payments
North Payments is a US-based payment processor and merchant services provider serving SMBs and enterprises across restaurant, retail, specialty, big business, and services verticals with integrated payment acceptance, back-office software, and developer APIs.
- Company typePrivate
- Founded2013
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What North Payments does
North Payments (legal entity NorthAB, LLC) is a US-based payment processor and merchant services provider founded in 2013 and headquartered in Troy, Michigan. The firm operates as a registered Independent Sales Organization (ISO) of six major US banks — BMO Harris, Citizens Bank, The Bancorp Bank, FFB Bank, Wells Fargo, and PNC Bank — which provide the regulatory and processing infrastructure underpinning its merchant acquiring activity. North Payments targets SMB through enterprise merchants across five verticals: Restaurant, Retail, Specialty (CBD, telemedicine, online pharmacy, gaming, online dating), Big Business (enterprise, franchise, utility & government), and Services (contractors, beauty & fitness, healthcare). Its distribution combines direct enterprise sales, an online self-serve onboarding portal branded PaymentsHub, and a partner program for resellers, VARs, and ISVs.
The product portfolio is structured around two pillars. "Accept Payments" covers in-person, online, mobile, hybrid, and integrated channels plus Tap to Pay on iPhone and a hardware line of terminals and card readers. "Run Your Business" bundles billing, analytical reporting, gift and loyalty programs, authorization optimization, fraud prevention, back-office tools, accelerated funding, inventory management, and ATM services. The North Developer platform exposes APIs, SDKs, and extensions for ISVs, VARs, and merchants to embed payment processing into websites, mobile apps, and POS systems. Core infrastructure is PCI DSS-validated with point-to-point encryption and tokenization.
North monetizes through transaction-based processing fees, hardware sales, and recurring subscription charges for value-added software and back-office services. Pricing is quote-based and not publicly disclosed. Despite a broad product surface and multi-bank sponsorship, the company operates with a small disclosed headcount of 11-50 employees, no disclosed outside funding, no announced M&A activity, and no named management team in the available source data, leaving scale, ownership, and growth trajectory largely opaque to outside observers.
North Payments firmographics
Firmographics- Name
- North Payments
- Legal name
- NorthAB, LLC
- Website
- https://northpayments.com
- Company type
- Private
- Founded year
- 2013
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- North Payments is a US-based payment processor and merchant services provider serving SMBs and enterprises across restaurant, retail, specialty, big business, and services verticals with integrated payment acceptance, back-office software, and developer APIs.
- Ownership category
- akta.pro rank
North Payments industry classification
Industry- Product category
- Payment Processing
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)
- akta.pro primary industry
- POS-to-Online Unified Payments (Omnichannel Payments) (CRAFALAL)
- akta.pro secondary industries
- Recurring Billing, Subscriptions & Tokenized Payments (CRAFALAH), Alternative Payment Methods (APMs) & Local Rails (ACH/SEPA/UPI, etc.) (CRAFALAG)
Keywords
Where North Payments is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices1 record
Markets served
North Payments 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 Services: Transaction-based payment processing fees charged to merchants for credit card processing services across in-person, online, and mobile channels
- Hardware Sales: Sale of payment terminals, card readers, POS hardware, and wireless terminals to merchants
- Software/Subscription Services: Merchant services including billing solutions, reporting, inventory management, gift & loyalty programs, and back office tools
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Pay-as-you-go | Quote-based custom pricing |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
North Payments product offering
Product offeringCore offering
North Payments provides end-to-end payment processing and merchant services for businesses across in-person, online, mobile, and hybrid channels. The platform includes POS systems, payment terminals, ecommerce gateways, APIs/SDKs, and back-office tools such as billing, reporting, inventory, gift & loyalty programs, authorization optimization, and fraud prevention. The company serves merchants across restaurant, retail, specialty, enterprise, and service-based verticals.
Product overview
North Payments is a comprehensive merchant services and payment technology platform offering a unified portfolio of payment processing and business management solutions. The platform is organized into two core product categories: Accept Payments (encompassing in-person, online, mobile, hybrid, integrated, tap-to-pay, and hardware solutions) and Run Your Business (featuring North Billing Solutions, Reporting, Gift & Loyalty, Authorization Optimization, Fraud Prevention, Back Office Tools, Funding, Inventory, and ATM services). These products are designed to work together as an end-to-end payment ecosystem, with the companion North Developer platform enabling API, SDK, and extension integrations for mobile apps, websites, and POS systems.
Differentiator
Problem solved
Functional benefit
Brands
- PaymentsHub: Sign-up and account management platform referenced in URLs north.paymentshub.com and www.paymentshub.com
Products and services
- Accept Payments Core payment acceptance solution offering in-store, online, and mobile payment processing with multiple delivery methods including POS systems, ecommerce gateways, wireless terminals, and smartphone-compatible devices. Designed for merchants across restaurant, retail, specialty, enterprise, and service verticals.
- Integrated Payments Payment integration solution providing easy-to-use APIs, SDKs, and extensions that work with merchant websites for seamless payment processing. Designed for merchants and developers wanting to embed payment capabilities into their platforms.
- Tap to Pay on iPhone Contactless in-person payment solution allowing merchants to accept payments directly on their iPhone without additional hardware. Enables NFC-based card acceptance using Apple Tap to Pay technology.
- Payment Hardware Full lineup of payment hardware including credit card readers, POS terminals, countertop terminals, and wireless terminals for various merchant needs across in-person, mobile, and hybrid environments.
- North Developer Platform Developer platform providing APIs, SDKs, and extensions that enable merchants, ISVs, and VARs to create full-featured payment solutions for mobile apps, websites, and POS systems. The developer portal offers integration tools to reduce development time and increase product development speed.
- North Billing Solutions Billing and invoicing solutions designed to help merchants get paid faster with streamlined payment collection. Helps businesses manage invoicing and recurring billing workflows.
- Gift and Loyalty Programs Business-boosting incentive programs including gift card and loyalty card solutions designed to help merchants attract and retain customers through structured rewards and promotional offerings.
- Authorization Optimization Technology solution that increases payment success rates by optimizing transaction authorization, helping merchants capture more revenue by reducing declined transactions.
- Fraud Prevention Security tools and services that detect and prevent fraudulent transactions, protecting merchants, customers, and merchant bottom lines through threat detection and prevention systems.
- Funding Cash flow acceleration options including same day or next day funding to help merchants access their money faster than standard industry settlement timelines.
- ATM Services Automated teller machine solutions designed to enhance customer traffic at merchant locations and generate additional revenue streams for merchants.
- Reporting and Analytics Analytical reporting tools providing business intelligence and insights for making smarter business decisions, helping merchants track transactions, sales patterns, and business performance.
- Inventory Management Cloud-based product tracking and inventory management solution providing real-time stock visibility and product management capabilities for merchants.
Companies that use North Payments
Customer profileSegments5 records
Ideal customer profiles6 records
North Payments technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
North Payments partnerships and signals
Strategic signalPartnerships
Six partnerships are on record, tiered core.
- BMO Harris Bank N.A.coreNorth is a registered ISO (Independent Sales Organization) of BMO Harris Bank N.A., Chicago, IL. This banking partnership enables North to offer payment processing services backed by the bank's regulatory infrastructure.
- Citizens Bank N.A.coreNorth is a registered ISO of Citizens Bank N.A., Providence, RI. This partnership provides banking infrastructure for payment processing operations.
- The Bancorp BankcoreNorth is a registered ISO of The Bancorp Bank, Philadelphia, PA. The partnership enables access to banking services and regulatory compliance for merchant payment processing.
- FFB BankcoreNorth is a registered ISO of FFB Bank, Fresno, CA. Banking partner supporting payment processing operations.
- Wells Fargo Bank, N.A.coreNorth is a registered ISO of Wells Fargo Bank, N.A., Concord, CA. Major banking partnership providing regulatory and infrastructure support for payment services.
- PNC Bank, N.A.coreNorth is a registered ISO of PNC Bank, N.A. This banking partnership completes the network of financial institution relationships for payment processing services.
Scale indicators1 record
Recent moves6 records
Expansion highlights6 records
North Payments competitors and assessment
Company assessmentDirect peers
- Helcim: Transparent-pricing SMB payment processor offering card-present, online, and recurring billing. Direct comparable to North's core SMB merchant acquiring with public rate card versus North's quote-based pricing.
- Square (Block): Integrated SMB payment processing, POS hardware, and software suite. Direct competitor to North across restaurants, retail (apparel, convenience), and services, with self-serve onboarding similar to North's PaymentsHub signup.
- Toast: Restaurant-specialized merchant acquirer and POS software platform. Directly comparable to North's restaurant segment focus (Quick-Service and Full-Service), though Toast offers a deeper integrated POS operating system.
- Payment Depot: ISO-style SMB merchant services provider with interchange-plus pricing model. Directly comparable ISO model selling merchant processing via direct and partner channels.
- Clover (Fiserv): SMB merchant acquiring + POS hardware/app marketplace from Fiserv. Closely comparable to North's full-stack SMB POS and acquiring model, with similar app-store-like extensions strategy.
- Stax Payments: Subscription-based SMB payment processing platform. Similar merchant acquiring motion with developer-friendly integrations and software-vertical channel partners.
- Heartland Payment Systems (Global Payments): Traditional SMB-focused ISO and merchant acquirer now owned by Global Payments. Closely analogous ISO-distribution model selling processing and back-office software to SMB merchants.
Broad incumbents
- Stripe: Largest online-focused payments platform serving global SMB and enterprise. Comparable to North's online and integrated (API) payments and developer platform; broader incumbent operating outside restaurant/retail verticals.
- PayPal: Diversified online and point-of-sale payment acceptance incumbent. Comparable in online and omnichannel merchant acquiring, though broader incumbent extending well beyond SMB.
- FIS: Large incumbent payments and merchant acquiring processor with Worldpay. Comparable merchant acquiring infrastructure; broader incumbent portfolio relevant to North's Big Business/Enterprise segment.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
North Payments social profiles
Digital presenceNorth Payments compliance and trust
Trust signalCompliance1 record
North Payments financial estimates
Financial estimateRevenue estimate
Valuation estimate
North Payments leadership team
Management profileNumber of profiles
North Payments funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
North Payments 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 North Payments
What does North Payments do?
North Payments provides end-to-end payment processing and merchant services for businesses across in-person, online, mobile, and hybrid channels. The platform includes POS systems, payment terminals, ecommerce gateways, APIs/SDKs, and back-office tools such as billing, reporting, inventory, gift & loyalty programs, authorization optimization, and fraud prevention. The company serves merchants across restaurant, retail, specialty, enterprise, and service-based verticals.
Is North Payments a public or private company?
North Payments is a private company. It is classified as unknown and is currently operating.
When was North Payments founded?
North Payments was founded in 2013. It employs 11 to 50 people.
Where is North Payments based?
North Payments is headquartered in London, United Kingdom, in the Europe region.
How does North Payments make money?
Three revenue lines are on record. Payment Processing Services are the primary driver. The others are hardware Sales and software/Subscription Services.
Who are North Payments's main competitors?
Direct peers on record are Helcim, Square (Block), Toast, Payment Depot, Clover (Fiserv), Stax Payments and Heartland Payment Systems (Global Payments). Broad incumbents are Stripe, PayPal and FIS.
Does North Payments have an API?
Yes. North Developer platform offers APIs, SDKs, and extensions that enable merchants, ISVs, and VARs to create full-featured payment solutions for mobile apps, websites, and POS systems. The developer portal provides integration tools to cut development time and increase product development speed. Developer documentation is at developer.north.com.
What industry is North Payments in?
North Payments's product category is Payment Processing. Its primary akta.pro industry code is CRAFALAL, POS-to-Online Unified Payments (Omnichannel Payments), with a secondary code of CRAFALAH, Recurring Billing, Subscriptions & Tokenized Payments. Its NAICS code is 522320.