Exectras Launches Exectras Payments with Unique Membership and Technology Solutions

Exectras, a leading company in the payment processing industry, has unveiled its newest venture, Exectras Payments, which combines the strengths of three legacy organizations to offer a unique and comprehensive payment processing solution. The new entity, led by Joe Cherry, aims to revolutionize the industry by integrating payment processing with membership and technology offerings.

Exectras Payments will officially launch on October 1, 2026, with Cherry at the helm as CEO and Chairman of the Board of Managers. Cherry’s vision has brought together the infrastructure, technology, and distribution capabilities of Simpay Holdings, LLC, and PayCompass, alongside Exectras, Inc., to create a differentiated payment processing company. This strategic move is designed to serve a wide range of stakeholders, including merchants, independent sales organizations (ISOs), agents, independent software vendors (ISVs), financial institutions, associations, and other strategic distribution channels.

The new venture will leverage the wholesale payments infrastructure, experienced operational support, and direct sales capabilities of Simpay Holdings, LLC. PayCompass will contribute its established ISO channel, agent-first distribution model, and deep experience supporting independent sales professionals. These combined assets will enable Exectras Payments to offer a robust suite of services, including payment processing, technology, and Exectras Membership, which features 360HEALTH.

Exectras Membership and 360HEALTH provide merchants and their employees with access to 24/7 virtual healthcare, prescription savings, employee wellness resources, and complimentary life insurance benefits. This unique offering extends the merchant relationship beyond payment processing, delivering meaningful value to employees and their families.

Exectras Payments will focus on direct merchant acquisition while providing scalable programs for ISOs, agents, ISVs, associations, financial institutions, and other strategic partners. This dual approach supports multiple paths to growth, allowing partners to distribute traditional payment processing solutions, introduce Exectras Membership and 360HEALTH, or combine both offerings in a broader merchant relationship. This flexibility creates opportunities to monetize existing portfolios, differentiate merchant acquisition strategies, and establish recurring revenue streams beyond traditional processing residuals.

Joe Cherry, CEO of Exectras, Inc., brings extensive experience and leadership to the new venture. His success with Exectras has positioned the company to become a leader in the payment processing industry, focusing on creating differentiated solutions across payment processing, merchant solutions, memberships, and partnerships. Through organic growth, acquisitions, and strategic investments, Exectras has successfully deployed financial resources and complementary business platforms to create meaningful value for merchants, partners, employees, and their families.

Exectras Payments is poised to become a significant player in the payment processing industry, offering a comprehensive suite of services that go beyond traditional payment processing. The company aims to help partners differentiate their offerings, acquire more merchants, strengthen retention, and generate incremental recurring revenue.