RMS, a Payroc Company
RMS, a Payroc Company, is a brand within Payroc WorldAccess, LLC, a cloud-based payment processing platform serving ISVs, banks, ISO agents, and merchants across the US, Canada, UK, and Puerto Rico, processing $125B annually across 190K+ merchants.
- Company typePrivate
- Founded1992
- HeadquartersMunster, IN, United States
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
What RMS, a Payroc Company does
RMS, a Payroc Company operates as a brand within Payroc WorldAccess, LLC, a privately held payment processing platform founded in 1992 and headquartered in Tinley Park, Illinois. The company provides a unified, cloud-based payment processing platform supporting omnichannel payment methods including unattended, in-person, mobile, and ecommerce transactions. Its technology stack is anchored by the Payroc Gateway, Payroc Cloud (cloud-based POS device integration), a unified API platform, and prebuilt integration tools (Integration Essentials) for software platforms. Supporting APIs include Payments API, Boarding API, Funding API, and Reporting API, complemented by value-added products such as Virtual Terminal, ACH, Payment Links, Invoicing and Billing, Roc Terminal+, and the AI-powered Bodega Ai retail management solution.
Payroc serves four primary partner segments: ISVs/SaaS providers seeking embedded payments, financial institutions (banks and credit unions) offering merchant services to commercial clients, Independent Sales Organizations (ISOs/agents) reselling merchant services, and referral partners (trade associations). The company monetizes through transaction-based processing fees on $125B in annual payment volume, residual revenue share with ISO/agent partners, recurring fees for software integration and managed payfac arrangements, and hardware sales. Payroc operates as a registered ISO/TPA of at least eight banking institutions including Fifth Third Bank, PNC Bank, Wells Fargo, Citizens Bank, Merrick Bank, Woodforest National Bank, KeyBank, and Peoples Trust Company, enabling merchant acquiring services across the US, Canada, UK, and Puerto Rico. The platform reports 789M+ annual transactions across 190K+ active merchants, with go-to-market executed through channel partnerships, enterprise field sales, and API-first developer tools.
RMS, a Payroc Company firmographics
Firmographics- Name
- RMS, a Payroc Company
- Legal name
- Payroc WorldAccess, LLC
- Website
- https://payroc.com
- Company type
- Private
- Founded year
- 1992
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Short description
- RMS, a Payroc Company, is a brand within Payroc WorldAccess, LLC, a cloud-based payment processing platform serving ISVs, banks, ISO agents, and merchants across the US, Canada, UK, and Puerto Rico, processing $125B annually across 190K+ merchants.
- Ownership category
- akta.pro rank
RMS, a Payroc Company industry classification
Industry- Product category
- Payment Processing Software
- NAICS
- Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518)
- SIC
- Services-Computer Processing & Data Preparation (7374), Services-Prepackaged Software (7372)
- akta.pro primary industry
- Payment Orchestration Platforms (FSAGABAA)
- akta.pro secondary industries
- Embedded Payments (Pay-ins, Pay-outs, Wallets) (FSAGALAB), Marketplace / Platform Acquiring (PayFac & Sub-Merchant Management) (FSAMABAF), Bill Pay, Invoicing & Payables Platforms (BPAMAFAF)
Keywords
Where RMS, a Payroc Company is headquartered
LocationHeadquarters
- HQ city
- Munster, IN
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
RMS, a Payroc Company business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Supply Chain
Revenue model
- Payment Processing Services: Transaction-based payment processing fees charged to merchants for card processing, ACH transfers, and payment gateway services. Core revenue stream from transaction volume across omnichannel payment methods.
- Partner/ISO Reseller Revenue: Revenue share arrangements with Independent Sales Organizations (ISOs), sales agents, and referral partners who resell merchant services. Partners earn residual income from merchant transaction volume they bring to the platform.
- Software/ISV Integration Services: Technical integration services, API access, and managed payment solutions for software vendors (ISVs) embedding payments into their platforms, including white-label and managed payfac arrangements.
- Terminal and Hardware Sales: Sale of payment terminals, POS hardware, and related equipment to merchants and partners.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Transaction based/ take rate | Monthly | Custom pricing based on merchant profile and transaction characteristics |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
RMS, a Payroc Company product offering
Product offeringCore offering
Payroc provides a unified cloud-based payment processing platform that enables partners (ISVs/SaaS providers, ISOs, financial institutions, and referral partners) to embed and resell payment services. The platform supports omnichannel payment acceptance (in-person, mobile, unattended, ecommerce) through a unified API, pre-certified POS device integration, and full-stack partner support including merchant onboarding, compliance, funding, and reporting.
Product overview
Payroc is a full-stack payment processing platform built for partners, offering a unified technology platform that supports omnichannel payment methods. The platform consists of a core Gateway product supplemented by a comprehensive suite of payment tools (Virtual Terminal, ACH, Payment Links, Invoicing and Billing), point-of-sale solutions (Roc Services, Roc Terminal+, Bodega Ai), and developer-focused APIs (Payments API, Boarding API, Funding API, Reporting API). The recent Integration Essentials product enables ISVs to add payments with prebuilt tools. Payroc's developer portal and unified API support software platform integrations, while products like Payroc Cloud and Global Payment Orchestration enable enterprise-grade multi-channel and cross-border payment acceptance. The company reports processing over 789M+ annual transactions with $125B in annual volume across 190K+ clients.
Differentiator
Problem solved
Functional benefit
Products and services
- Payroc Gateway Core payment gateway solution enabling secure payment processing across all channels and environments for merchants and partners.
- Virtual Terminal Browser-based solution enabling merchants to complete transactions directly through a web interface without physical card readers.
- ACH Payments Bank transfer payment solution allowing merchants to accept ACH payments as an alternative to card-based transactions.
- Payroc Cloud Cloud-based platform enabling integration of POS devices without on-premise hardware, supporting attended, unattended, and mobile payment experiences.
- Payment Links Shareable payment links allowing merchants to collect payments remotely through text, email, or messaging platforms.
- Global Payment Orchestration Multi-region payment optimization solution enabling merchants to accept and process payments across international markets.
- Invoicing and Billing Automated accounts receivable workflow solution for creating, sending, and tracking invoices with integrated payment collection.
- Roc Services Field service management solution combining job scheduling, invoicing, and payment collection for service-based businesses.
- Roc Terminal+ Mobile point-of-sale solution enabling merchants to process payments and manage business operations from any location.
- Bodega Ai AI-powered retail management solution designed specifically for independent retail stores (bodegas) to simplify operations.
- Unified API Platform Unified API platform for software developers to embed payment processing capabilities into their applications, supporting gateway, virtual terminal, ACH, payment links, boarding, funding, and reporting.
- Integration Essentials Prebuilt integration toolkit enabling ISVs and SaaS providers to add payment functionality with minimal coding effort and reduced certification requirements.
- Payment Terminals Selection of payment terminal hardware from certified manufacturers for card-present transactions.
- Roc Giving Donation and fundraising solution enabling nonprofits to accept contributions and run digital giving campaigns.
Quantifiable outcome
- 789M+ annual transactions processed
- +4 more outcomes
Companies that use RMS, a Payroc Company
Customer profileNamed customers7 records
Segments7 records
Ideal customer profiles5 records
RMS, a Payroc Company technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Feature8 records
RMS, a Payroc Company partnerships and signals
Strategic signalPartnerships
17 partnerships are on record, tiered strategic, minor and core.
- UIC Payworld and EVEN RechargestrategicStrategic partnership to revolutionize EV charging payment solutions. UIC Payworld and EVEN Recharge integrate with Payroc's platform to enable seamless payment processing at EV charging stations.
- ID TECHstrategicPartnership to simplify unattended payments using ID TECH's card readers and payment hardware integrated with Payroc's platform. Enables rapid deployment of unattended payment solutions for ISVs in vending, parking, and other self-service verticals.
- Nevada Psychological AssociationminorPartnership to offer credit card processing services to Nevada Psychological Association members as a member benefit.
- Banterra BankminorBanterra Bank refers its business customers to Payroc for credit card processing services.
- American Academy of Cosmetic SurgeryminorPartnership offering credit card processing services to members of the American Academy of Cosmetic Surgery.
- National Wild Turkey FederationminorPartnership to offer credit card processing services to National Wild Turkey Federation members and business supporters.
- Americaneagle.comminorPartnership to offer payment processing services to Americaneagle.com's client base of website development and digital marketing customers.
- First Bank of Highland ParkminorFirst Bank of Highland Park refers business customers to Payroc for merchant services.
- National Pest Management AssociationminorPartnership to offer credit card processing services to NPMA members as a member benefit program.
- Fifth Third BankcoreFifth Third Bank serves as the primary banking partner and acquiring bank for Payroc's merchant services operations. Payroc is a registered Independent Sales Organization (ISO) of Fifth Third Bank, enabling the bank to offer merchant payment processing services.
- Peoples Trust CompanycoreCanadian banking partner enabling Payroc's merchant services operations in Canada. Payroc is registered as ISO of Peoples Trust Company, Vancouver, BC.
- PNC BankcorePayroc is a registered ISO of PNC Bank, N.A., Pittsburgh, PA, supporting US merchant services operations.
- Wells Fargo BankcorePayroc is registered as ISO of Wells Fargo Bank, N.A. with operations in both US and Canadian branches (Concord, CA and Toronto, ON).
- Citizens BankcorePayroc is a registered ISO of Citizens Bank, N.A., Providence, RI, supporting additional US merchant acquiring capacity.
- Merrick BankcorePayroc is a registered ISO of Merrick Bank Corporation, South Jordan, UT.
- Woodforest National BankcorePayroc is registered as Third-Party Agent (TPA) and ISO of Woodforest National Bank, The Woodlands, TX.
- KeyBankcorePayroc is a registered ISO of KeyBank, N.A., Cleveland, OH.
Scale indicators5 records
Recent moves6 records
Expansion highlights6 records
RMS, a Payroc Company competitors and assessment
Company assessmentBroad incumbents
- Adyen: Adyen is a global payments processor with a unified platform supporting omnichannel and cross-border payment orchestration. Payroc's Global Payment Orchestration product and multi-geography footprint put it in competitive positioning where Adyen holds enterprise merchant mindshare.
- Stripe: Stripe is the dominant developer-first payment processor and embedded-payments platform offering unified APIs, gateway, payouts, and orchestration. While larger and broader in scope, Stripe Connect directly competes with Payroc for ISV/SaaS embedded-payments business and has aggressively moved into Payroc's SMB and software-platform segments.
- Block (Square): Block's Square and Square for Software ecosystem provides omnichannel payment processing, POS hardware, and developer APIs targeting SMBs and SaaS platforms. Square's brand pull and vertically integrated stack compete with Payroc's omnichannel proposition and POS partner integrations.
- Fiserv (Clover): Fiserv operates merchant acquiring services and Clover POS/app marketplace for SMBs, competing head-on in payment processing, POS hardware, and software-platform enablement. Payroc's partner-first model overlaps with Fiserv's large ISO network and ISV partner ecosystem.
- Global Payments: Global Payments is a large-scale payment processor and merchant acquirer offering integrated payments, POS, and software-led commerce solutions. Payroc's omnichannel gateway and ISO-based acquiring economics directly overlap with Global Payments' portfolio across SMB and software platforms.
Direct peers
- Spreedly: Spreedly is a payment orchestration platform enabling merchants to route transactions across multiple gateways and acquirers with a single integration. Spreedly's orchestration focus closely matches Payroc's Global Payment Orchestration product and unified API positioning.
- Stax (Fattmerchant): Stax is a subscription-based payment processing platform serving ISOs, ISVs, and SMBs with transparent pricing and software integrations. Stax competes directly with Payroc for ISO partner channel and SaaS embedded payments customers.
- WePay (JPMorgan Chase): WePay, owned by JPMorgan Chase, provides embedded payment processing API for software platforms (SaaS, marketplaces, platform businesses). WePay's enterprise backing and Chase acquiring relationships make it a direct competitor to Payroc's ISV-embedded-payments proposition.
- Finix: Finix is a payment facilitator-as-a-service infrastructure provider enabling platforms and ISVs to embed payments with sub-merchant management. Payroc's managed payfac and partner-focused models directly compete with Finix for software platforms seeking embedded payments without becoming a PayFac themselves.
Emerging players
- Gr4vy: Gr4vy is a cloud-based payment orchestration platform enabling merchants to configure, optimize, and route payment methods without code. Gr4vy's emerging orchestration capabilities intersect with Payroc's Global Payment Orchestration product in the multi-geography merchant segment.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks7 records
Key highlights7 records
Customer concentration
RMS, a Payroc Company social profiles
Digital presenceRMS, a Payroc Company compliance and trust
Trust signalCompliance1 record
RMS, a Payroc Company financial estimates
Financial estimateRevenue estimate
Valuation estimate
RMS, a Payroc Company leadership team
Management profileNumber of profiles
Profiles1 record
RMS, a Payroc Company funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
RMS, a Payroc Company 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 RMS, a Payroc Company
What does RMS, a Payroc Company do?
Payroc provides a unified cloud-based payment processing platform that enables partners (ISVs/SaaS providers, ISOs, financial institutions, and referral partners) to embed and resell payment services. The platform supports omnichannel payment acceptance (in-person, mobile, unattended, ecommerce) through a unified API, pre-certified POS device integration, and full-stack partner support including merchant onboarding, compliance, funding, and reporting.
Is RMS, a Payroc Company a public or private company?
RMS, a Payroc Company is a private company. It is classified as corporate owned and is currently operating.
When was RMS, a Payroc Company founded?
RMS, a Payroc Company was founded in 1992. It employs 101 to 250 people.
Where is RMS, a Payroc Company based?
RMS, a Payroc Company is headquartered in Munster, IN, United States, in the North America region.
How does RMS, a Payroc Company make money?
Four revenue lines are on record. Payment Processing Services are the primary driver. The others are partner/ISO Reseller Revenue, software/ISV Integration Services and terminal and Hardware Sales.
Who are RMS, a Payroc Company's main competitors?
Broad incumbents on record are Adyen, Stripe, Block (Square), Fiserv (Clover) and Global Payments. Direct peers are Spreedly, Stax (Fattmerchant), WePay (JPMorgan Chase) and Finix. Gr4vy is listed as an emerging player.
Does RMS, a Payroc Company have an API?
Yes. Payroc offers a unified API platform for developers to embed payments into their software platforms. The API supports multiple payment functionalities including transaction processing (Payments API), merchant onboarding (Boarding API), deposit and payout management (Funding API), and real-time payment data access (Reporting API). The platform features prebuilt integration tools and connects with an extensive list of precertified POS devices from top manufacturers. Developer documentation is at docs.payroc.com.
What industry is RMS, a Payroc Company in?
RMS, a Payroc Company's product category is Payment Processing Software. Its primary akta.pro industry code is FSAGABAA, Payment Orchestration Platforms, with a secondary code of FSAGALAB, Embedded Payments (Pay-ins, Pay-outs, Wallets). Its NAICS code is 522320 and its SIC code is 7374.