CPS Payment Services

CPS Payment Services offers innovative payment technology solutions designed to streamline payment processing for businesses across various sectors, enhancing operational efficiency and customer experience. CPS Payment Services, founded in 2011 and headquartered in Atlanta, US, specializes in payment processing solutions. In October 2020, the company was acquired by M & A Ventures, LLC, a portfolio company of Corsair Capital, for up to USD 93 mn, with USD 78 mn paid upfront. The company's CEO is Wade Eckman.

CPS Payment Services provides a comprehensive payment technology platform that enables businesses to manage both inbound and outbound payment processing. Their integrated solutions allow clients to digitize and automate payments, facilitating seamless transactions while minimizing reliance on traditional payment methods. The platform supports flexible payment options, catering to a diverse clientele in industries such as retail, healthcare, and property management, primarily in the United States and Canada. CPS Payment Services generates revenue through transactional fees associated with its payment processing services, along with customizable ISO and Payfac programs.

The revenue model is primarily based on business-to-business transactions, where clients utilize the platform to optimize payment acceptance and vendor payments, ultimately enhancing cash flow and operational efficiency. Following the acquisition in November 2020, CPS Payment Services plans to leverage the recent funding of USD 78 mn to enhance its product offerings and expand its market presence. The company is focused on developing new payment solutions and targeting growth within additional geographic regions, aiming to enhance its service offerings by the end of 2022.