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

USA Technologies And Burch Expand Initial Agreement
USA Technologies And Burch Expand Initial Agreement
October 19, 2016  |  Partnerships / Acquisitions

USA Technologies, a payment technology service provider of integrated cashless and mobile transactions in the self-service retail market, announced Tuesday (Oct. 18) the initial results of...

READ MORE >
Payroc Buys iTransact For Undisclosed Sum
Payroc Buys iTransact For Undisclosed Sum
October 11, 2016  |  Partnerships / Acquisitions

Payroc, a merchant services and payment processing organization, announced on Monday (Oct. 10) that it has acquired the assets of payment gateway and merchant account provider...

READ MORE >
Treasury Slaps Counting House As ‘Criminal Organization’
Treasury Slaps Counting House As ‘Criminal Organization’
October 11, 2016  |  B2B Payments

The U.S. Treasury has reportedly dubbed international payments processor PacNet, which operates Counting House, a “criminal organization,” and reports said the move could cause trouble...

READ MORE >
Gemalto Awarded Contract By BankAxept
Gemalto Awarded Contract By BankAxept
September 30, 2016  |  Mobile Payments

Gemalto, the digital security company, announced on Thursday (Sept. 29) it has been awarded a contract by BankAxept, the national payment scheme of Norway, to...

READ MORE >
HCE Service Launches New Mobile Payment Platform
HCE Service Launches New Mobile Payment Platform
September 30, 2016  |  Mobile Payments

HCE Service announced on Thursday (Sept. 29) it launched its SWIM (Software Wireless Identity Module) host card emulation mobile payments platform, which it said provides a...

READ MORE >
Australian Merchants Can Access Square’s Reader Online
Australian Merchants Can Access Square’s Reader Online
September 29, 2016  |  Payment Methods

Square announced earlier this week that businesses around Australia can access Square’s new contactless and chip card reader online at square.com.au for just $59. In a...

READ MORE >
ACI Worldwide And VocaLink To Create Payments Network
ACI Worldwide And VocaLink To Create Payments Network
September 28, 2016  |  Partnerships / Acquisitions

ACI Worldwide, a global provider of real-time electronic payment and banking solutions, and VocaLink, a global payments systems company, announced on Tuesday (Sept. 27) a...

READ MORE >
Chase Expands Relationship With Walmart To Process Payments On ChaseNet
Chase Expands Relationship With Walmart To Process Payments On ChaseNet
September 23, 2016  |  Payment Methods

Chase announced on Thursday (Sept. 22) that it has expanded its relationship with Walmart to process payments on ChaseNet. ChaseNet is the bank’s closed-loop network. Chase...

READ MORE >