Quill Bank moves into merchant acquiring

Quill Bank launched a merchant-acquiring line of business aimed at fintechs, payment facilitators (payfacs), ISOs and ISVs, expanding the Utah-based bank’s role in the payments ecosystem.

The Pleasant Grove, Utah-based bank said Sept. 17, 2026, the new business line is designed for what it calls Sponsored Entities, giving those partners access to acquiring alongside issuing, real-time payments, disbursements, lending and sponsor-bank services through a single banking relationship.

Quill also named payments industry veteran Deborah Camm senior vice president and head of acquiring. Camm has more than 25 years of experience in merchant bankcard services and will lead development of the new operation.

“Launching our Acquiring Line of Business is a natural extension of Quill Bank’s strategy to be a true one-stop banking partner for the payments ecosystem,” said Eric Wright, Quill Bank’s chief operating officer.

One relationship, more capabilities

Quill’s strategy centers on reducing the number of separate financial institutions and technology providers that payments companies must manage.

The bank said its platform is intended to let sponsored entities combine acquiring, issuing, instant payments, disbursements, lending and sponsor-bank capabilities under one roof. It also mentioned that approach can reduce complexity, speed product development and create additional revenue opportunities for partners.

Camm said the industry has long struggled with fragmented relationships. “I’ve spent my career helping acquiring partners cut through the complexity of juggling multiple banks and multiple technologies just to access the capabilities their business needs,” she said.

For ISOs and payfacs, that proposition could be particularly relevant. Sponsor-bank relationships determine access to card networks and other regulated financial infrastructure, while acquiring, issuing and money movement are often handled through different partners, industry observers noted.

Quill is betting that a broader banking relationship can become a competitive advantage for companies that want to launch products more quickly or expand beyond traditional merchant services.

Bank moves deeper into payments

Quill Bank has about $1.6 billion in assets and said it has worked with fintech distribution partners for more than a decade. The acquiring launch extends that existing payments and lending strategy rather than creating an entirely new direction for the institution.

The new acquiring unit is expected to serve payfacs, ISOs, ISVs and fintechs, putting Quill directly into a segment traditionally served by larger acquiring banks and sponsor institutions.

The move also reflects a broader shift in the payments industry toward tighter integration between banking infrastructure and merchant services, analysts noted. Some fintechs and payment companies are seeking their own bank charters or acquiring banks to gain more control over payment flows. Quill is approaching the issue from the opposite direction: an established bank is adding acquiring so it can provide more of the stack itself.

For ISOs and payfacs, the appeal will likely depend on whether combining those services reduces operational friction without sacrificing flexibility. But Quill’s move makes its strategy clear: it wants to compete not simply as a sponsor bank, but as a broader payments partner capable of supporting multiple parts of a client’s business.

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