payment processing

A payment processor is a company appointed by a merchant to handle transactions from various channels such as credit cards and debit cards for merchant acquiring banks. They are usually broken down into two types: front-end and back-end.

Source: en.wikipedia.org

Mastercard and KaiOS Partner on Payment Acceptance in Emerging Markets
Mastercard and KaiOS Partner on Payment Acceptance in Emerging Markets
September 25, 2024  |  Partnerships

Mastercard and KaiOS have partnered to offer affordable payment acceptance devices to small- to medium-sized businesses (SMBs) in emerging markets. The companies will begin offering the...

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Payroc Expands Payment Solutions With Acquisition of I3 Verticals’ Merchant Services Business
Payroc Expands Payment Solutions With Acquisition of I3 Verticals’ Merchant Services Business
September 23, 2024  |  Acquisitions

Payment platform Payroc has completed its previously announced acquisition of the merchant services business of i3 Verticals. With this acquisition, which was announced in June, Payroc will...

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NCR Voyix: Community Banks Have Data and Technology to Help SMBs Thrive
NCR Voyix: Community Banks Have Data and Technology to Help SMBs Thrive
September 11, 2024  |  Banking

Small and medium-sized businesses (SMBs) need help with digital transformation and financial management in an uncertain business environment, and community banks and credit unions should...

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PayPal and Shopify Expand Payments Processing Pact
PayPal and Shopify Expand Payments Processing Pact
September 09, 2024  |  Payment Methods

PayPal says it is expanding its partnership with eCommerce company Shopify. With this new collaboration, PayPal will become an additional online credit/debit processor for Shopify Payments...

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Mastercard to Provide Payment Processing to Saudi Startup Barq
Mastercard to Provide Payment Processing to Saudi Startup Barq
September 06, 2024  |  Partnerships

Saudi financial services startup barq will leverage Mastercard Gateway technology to expand the range of payment acceptance solutions it offers to merchants and consumers. The startup’s partnership...

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Airwallex Payments Processing Volume Jumps 73% to Break $100 Billion
Airwallex Payments Processing Volume Jumps 73% to Break $100 Billion
August 15, 2024  |  Payment Methods

Payments platform Airwallex says its yearly processing volume has exceeded $100 billion. That marks an increase of 73% year over year, the Australian company announced in a Thursday (Aug....

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Marqeta Processing Volumes Surge 32%
Marqeta Processing Volumes Surge 32%
August 07, 2024  |  Earnings

Marqeta posted second-quarter results that showed total processing volumes (TPVs) surged 32% to $71 billion. During the conference call with analysts, CEO Simon Khalaf noted...

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Report: Flywire Exploring Sale After Shares Drop 50% Since IPO
Report: Flywire Exploring Sale After Shares Drop 50% Since IPO
August 02, 2024  |  Acquisitions

Flywire is reportedly exploring a sale after seeing interest in a takeover. The payments processor, which has a market value of $2.3 billion, is working...

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Nuvei and Visa Team to Offer Visa Direct in Colombia
Nuvei and Visa Team to Offer Visa Direct in Colombia
June 03, 2024  |  Partnerships

Nuvei says it is the first global payments provider offering Visa Direct in Colombia, via a new partnership with Visa. “Offering instant payouts through Visa Direct supports our strategy of...

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