Exact Payments is a payment solution and gateway that provides high-performance payment processing services to software partners, omnichannel merchants, and bank partners. It offers a range of features and capabilities designed to meet the needs of modern businesses.One of the key features of Exact Payments is its cloud technology, which allows for scalability and ease of use. This means that businesses can easily scale their payment processing capabilities as their needs grow, without the need for significant infrastructure investments. The cloud technology also enables seamless integration with other systems and platforms, making it easy to connect Exact Payments with existing software and tools.Exact Payments provides modern Rest APIs, which allow businesses to easily integrate payment processing functionality into their software applications. This makes it simple for software partners to add payment capabilities to their products, enhancing the value they provide to their customers. The Rest APIs are designed to be developer-friendly, with clear documentation and support available to assist with integration.For omnichannel merchants, Exact Payments offers integrated virtual point-of-sale (POS) capabilities. This allows businesses to accept payments from multiple channels, including online, mobile, and in-store. The integrated virtual POS system provides a seamless and consistent payment experience across all channels, making it easy for customers to make purchases and for businesses to manage their payments.Exact Payments also provides an intuitive reporting portal, which gives businesses access to detailed payment data and analytics. This allows businesses to gain insights into their payment processing performance, identify trends and patterns, and make data-driven decisions to optimize their payment operations. The reporting portal provides real-time data and customizable reports, making it easy for businesses to access the information they need.In terms of payment processing capabilities, Exact Payments is integrated with leading processors in the US and Canada, including Elavon, Fiserv, Global Payments/TSYS, Chase Canada, and Moneris. This means that businesses can leverage the existing relationships and capabilities of these processors, while benefiting from the advanced features and functionality of Exact Payments.In November 2020, Platform Partners LLC, a private holding company headquartered in Houston, TX, acquired a controlling interest in Exact Payments. This acquisition is expected to further enhance the capabilities and reach of Exact Payments, allowing it to better serve its customers and partners.

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