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International Payment Solutions

“Can a multi-entity merchant services ISO serve both Canadian/US card-present merchants and cross-border FX clients under a single International Payment Solutions brand?”

Founded2005
HQCanada (internationalpaymentsolutions.ca); also UK entity (internationalpaymentsolutions.co.uk)
FoundersChris Gaines, Dylan Gaines
IndustryFintech / Payments

The story

Founded in 2005 (with references to 2009 formalization), IPS began as an e-commerce payment facilitator before growing into a full merchant services provider offering credit/debit/EBT processing, ACH, gift cards, and merchant cash advances. A UK entity (internationalpaymentsolutions.co.uk) was established separately, powered by Currencycloud for FX and cross-border payment services. The Canadian entity (internationalpaymentsolutions.ca) operates merchant acquiring via Wells Fargo Canada Branch and Elavon (US Bancorp Canada Branch), with a cash advance program for small businesses.

Last 12 months

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Product timeline

2005

Founded by Chris and Dylan Gaines with primary focus on e-commerce payment processing.· pivot

2009

Expanded into Bancard Services and consulting for e-commerce merchants.· pivot

2015

International Processing Solutions entity established (per ipsmerchants.com) expanding nationwide merchant services.· pivot

The stack

3 layers disclosed in International Payment Solutions’s embedded-finance stack

Payments / PSP

Wells Fargo Canada Branch (acquiring)Elavon (US Bancorp Canada Branch, acquiring)

Lending

in the full report

FX & payouts

in the full report

Accounting gap: significant

3 more providers across 2 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.