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Intellipay

“Can a PCI-certified, white-label payment infrastructure company become the embedded processing backbone for community banks and vertical SaaS platforms seeking to monetize merchant acquiring without building their own stack?”

Founded2004
HQUtah, USA
IndustryInfrastructure / Payments
The story

Originally founded in 2004 as Government Payments targeting public-sector clients, the company was acquired by US Merchant Systems in 2011 and reconstituted as Convenient Payments, LLC. Under new CEO Casey Leloux from 2015, it repositioned as IntelliPay — a broader commercial payment platform serving ISVs, SaaS developers, community banks, and multi-industry merchants. The embedded finance angle centers on white-labeling its PCI DSS Level 1 infrastructure to financial institutions and ISVs so they can resell merchant processing under their own brand.

Last 12 months
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Product timeline
2004
Founded as Government Payments, focused on government and municipal payment processing.· pivot
2011
Acquired by US Merchant Systems (USMS); new subsidiary Convenient Payments, LLC created.· acquisition
2015
Casey Leloux takes over as CEO and rebrands the platform under the IntelliPay name.· pivot
2021
Expanded partnership with Paysafe to enhance cloud-based payment platform capabilities.· banking
2021
Published Technology Overview documenting omnichannel payment suite including EMV, ACH, tokenization, and recurring payments.· pivot
The stack
2 layers disclosed in Intellipay’s embedded-finance stack
Payments / PSP
PaysafeIntelliPay (self-operated)
Accounting
in the full report
Accounting gap: minor
1 more provider across 1 layer, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.