The Birth of Ecrypt Inc.
On September 30, 2025, the payment services landscape experienced a significant transformation with the announcement of the merger between BankCard USA Merchant Services, Inc. and Preferred Payments, Inc. These two prominent players in the merchant services sector have united their strengths under the new name Ecrypt Inc.
This merger is more than just a name change; it signifies the integration of BankCard USA’s extensive merchant portfolio and sales expertise with Preferred Payments’ cutting-edge payment technology. As written by David Anderson, the Chief Executive Officer of Ecrypt Inc., this partnership opens up avenues for growth and development, aimed at providing an unrivaled end-to-end payment experience that was previously unavailable in the market.
A New Era of Payment Processing
Ecrypt Inc. is poised to redefine payment processing standards by combining innovative technologies with a robust concierge-level service model. The focus is not only to innovate but also to provide dedicated, U.S.-based account managers who understand client needs, optimize transactions for cost efficiency, and ensure compliance continuously. This newly established company aims to distinguish itself in the payment processing space by leaning on its shared commitment to innovation and customer care.
Benefits of the Merger
Both companies come with substantial benefits post-merger:
- - Enhanced Operational Efficiency: Leveraging bank-direct relationships and competitive processing fees allows Ecrypt Inc. to offer services that assist merchants in operating more effectively and cost-efficiently.
- - Cutting-Edge Technology: Ecrypt's product suite provides advanced payment solutions, including a proprietary payment gateway, PCI Level 1 security features, and AI-driven enhancements such as 24/7 fraud protection and tokenization.
- - Tailored Solutions for All Merchants: The Ecrypt platform supports various payment methods, ensuring seamless transactions whether they occur online, in-person, or across multiple channels. From ACH processing to dynamic checkouts and subscription management, Ecrypt's integrated hardware and software ecosystem covers a wide spectrum of merchant needs.
Leadership at the Helm
Leading Ecrypt Inc. is a skilled team driving this vision forward:
- - David Anderson (CEO)
- - Scott Hardy & Shawn Skelton (Co-Presidents)
- - Jason Hardy (COO)
- - Felix Danciu (CFO)
Future Vision
Scott Hardy, Co-President of Ecrypt, emphasized the merger as a pivotal moment, stating that their vision is to create unmatched value for merchants through wholesale pricing and cutting-edge technology. The aim of Ecrypt Inc. is to deliver comprehensive and secure omni-channel payment solutions that simplify transactions for both merchants and consumers alike.
Conclusion
Ecrypt Inc. embodies the future of payment processing, representing a merger that combines experience, innovation, and a deep commitment to service excellence. With plans for expansion and the integration of advanced technologies, Ecrypt Inc. is ready to lead the charge in redefining payment solutions for the modern business landscape. This merger reflects the strategic partnership dedicated to improving financial transaction experiences for merchants in the U.S., showcasing how collective strengths can shape the future of business operations.