BankCard USA Merges with Preferred Payments to Form Ecrypt Inc.
September 30, 2025
BankCard USA Merchant Services and Preferred Payments have merged and will operate jointly as Ecrypt Inc., combining BankCard USA's merchant portfolio and sales force with Preferred Payments' payment gateway and cloud EMV technology. The combined company, based in Agoura Hills, California, will offer end-to-end payment processing, subscription billing, advanced security (including AI-driven fraud protection and tokenization), and dedicated U.S.-based account management.
- Buyers
- BankCard USA Merchant Services, Inc., Preferred Payments, Inc.
- Targets
- BankCard USA Merchant Services, Inc., Preferred Payments, Inc.
- Industry
- Payments & Fintech
- Location
- California, United States
- Transaction Type
- Buyout
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