Payroc announced it has signed a definitive agreement to acquire LedgerPay Inc. (d/b/a PayiQ). This acquisition will complete Payroc’s end-to-end processing platform, enabling direct connections to all major card brands, debit networks and clearing platforms, while bringing a full-stack suite of cloud-enabled payment services and industry-leading security to our merchants and partners.
PayiQ’s cloud-native design supports traditional payment services while enabling faster transaction processing, automated management tools and real-time access to detailed order data.
“Payroc becoming a full-stack acquirer is a game-changer for our merchants and partners,” said Jim Oberman, CEO of Payroc. “With PayiQ, we now own and operate an enhanced, fully-secure processing platform with direct network connections to all the major card brands. This acquisition sets a new standard for Payroc, further cementing us as the payments platform built for partners.”