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Matrix Payment Systems Company Overview
Matrix Payment Systems, Inc., headquartered in Hoffman Estates, Illinois, is a payment services provider specializing in B2B and B2G (business- and government-facing) transaction processing. Founded in the early 2000s, the company offers solutions tailored for commercial credit cards—such as corporate, procurement, and fleet cards—alongside tools like online bill pay, ACH services, and ERP/accounting system integrations. Matrix emphasizes stable, transparent pricing with features including three-year rate guarantees, 90-day trials, and no early termination fees. They also provide a PCI-compliant payment portal for multiple payment types. In mid‑2024, Matrix rebranded its broader advisory and implementation business as Matrix Payment Services (MPS), positioned as a fintech partner for payments strategy, digital transformation, and innovative solutions like co-branded card programs.