Payroc Acquires eConduit & Enhances Integrated Payment Offering for ISVs

▤ Summary

Founded by Joe Garza and Mike Cimilluca, eConduit is a technology provider that allows software companies the ability to enable their clients to accept complex EMV payments from a single, web-based API in over 11 countries. “Not only do I have immense respect for their leadership under Mike & Joe, they will also fill a gap in Payroc’s technology stack and give us a domestic and international capability that we’ve long needed on the card-present front.” “Payroc continues to impress us with their partner-centric approach, long-standing payment expertise and strategic direction of organic growth and acquisitions,” said Joe Garza, Co-Founder at eConduit, “We’re excited to complement Payroc’s success and expand their industry-leading payment services with our integrated payments, global omni-commerce payment facilitation capabilities, and flexibility to create custom payment programs.” The eConduit technology will provide Payroc’s integrated software partners and point of sale systems a unique, single cloud integration point to a global variety of payment terminals without a lengthy certifications process, access to sensitive data or PCI PA DSS requirements. Compatible devices include Ingenico, Pax, Verifone, Poynt, Dejavoo, Clover and more. “Merging Payroc’s full-stack processing platform with eConduit’s cloud API gives ISVs & Payment Facilitators access to the globe - all from a single relationship. Payroc LLC, together with its wholly-owned affiliate Payroc Processing Systems, LLC, is a registered Visa third party processor (TPP), Mastercard third party servicer (TPSV), payment facilitator (payfac) and encryption support organization (ESO) for Fifth Third Bank, an Ohio-chartered bank, Cincinnati, Ohio (“Fifth Third”).

▦ Linked Companies

Payroc

$100M to $250M