Payroc is officially shedding its middleman status. The payment solutions provider announced a definitive agreement to acquire LedgerPay Inc., better known in the market as PayiQ. The acquisition, expected to close in Q3 2025, marks Payroc’s transition into a full-stack acquirer—giving it direct network access to all major card brands and debit networks, and positioning the company to control the entire lifecycle of a transaction, from swipe to settlement.

This is more than a routine consolidation play. It’s a strategic leap that places Payroc among a select group of processors with end-to-end infrastructure, offering enhanced performance, deeper data, and full ownership of security and compliance.

From Processor to Platform: Payroc’s Infrastructure Upgrade

By integrating PayiQ’s cloud-native processing platform, Payroc gains its own PCI-compliant back end with direct connections to Visa, Mastercard, American Express, Discover, and all key debit networks. The result? Fewer authorization failures, faster settlement cycles, and tighter control over interchange rates.

“With PayiQ, we now own and operate an enhanced, fully-secure processing platform,” said Jim Oberman, CEO of Payroc. “This acquisition sets a new standard for Payroc, further cementing us as the payments platform built for partners.”

What Payroc Gets: More Than Just Speed

Cloud-Enabled Architecture
PayiQ’s platform is API-first and built for modern scale. It supports traditional payments, but also enables rapid deployment of new products, real-time data access, and automated management tools—essentially transforming Payroc from a service provider into a modular fintech infrastructure company.

Security by Design
PayiQ’s systems undergo annual secure code reviews and penetration tests and are built to comply with top global security standards. This fortifies Payroc’s position in an increasingly high-stakes fraud environment.

Vertical Integration for ISVs and Partners
With its own processing rails, Payroc can offer faster onboarding, customizable risk controls, automated chargeback management, and streamlined reconciliation—making it far more attractive to ISVs, independent agents, and referral partners who value agility and transparency.

The Bigger Picture: The Rise of Full-Stack Acquirers

In an industry crowded with resellers and aggregators, Payroc is joining the elite ranks of full-stack acquirers—think Adyen, Stripe, and FIS—that own both the front-end experience and the back-end plumbing. These players are not just processors—they’re programmable payment engines.

The move echoes a growing industry trend: as payment margins tighten and merchants demand more value from their providers, platforms that can offer speed, reliability, transparency, and data ownership are pulling ahead.

What separates Payroc from the pack is its channel-first approach. Unlike Stripe or Adyen, which primarily target developers and enterprise merchants, Payroc has long focused on ISOs, agents, and referral partners. This acquisition gives those stakeholders access to big-league infrastructure—without sacrificing their independence or market focus.

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