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

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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InsurTech Firm Cover Genius Taps Adyen for Payments Processing
InsurTech Firm Cover Genius Taps Adyen for Payments Processing
May 09, 2024  |  Partnerships

InsurTech firm Cover Genius has formed a new partnership with Adyen, tapping the FinTech as its latest payment processing partner. Through the collaboration, Adyen aims...

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PayPal Sees Jump in Transactions Per Account as Fastlane Checkout Boosts Conversions
PayPal Sees Jump in Transactions Per Account as Fastlane Checkout Boosts Conversions
April 30, 2024  |  Earnings

PayPal’s transactions per active account grew by double digits in the latest quarter, and debit spending boosted results, while easier, faster checkout boosted conversions. Total...

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NRF Takes Gloves Off in Swipe Fee Settlement Objection Filing
NRF Takes Gloves Off in Swipe Fee Settlement Objection Filing
April 28, 2024  |  Retail

The National Retail Federation (NRF) on Friday (April 26) asked a federal judge to reject the proposed settlement of a class-action antitrust lawsuit over swipe...

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White-Label Payments Infrastructure Gains Favor With Merchants
White-Label Payments Infrastructure Gains Favor With Merchants
April 03, 2024  |  Payments Innovation

When it comes to payment solutions, merchants today have a growing number of options. But all the options in the world don’t translate to business...

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Micropayment, Tink Partner on Pay-by-Bank in Europe
Micropayment, Tink Partner on Pay-by-Bank in Europe
March 20, 2024  |  Payment Methods

Berlin-based payment processor Micropayment is partnering with Tink, a payment services and data enrichment platform, to enable Europe-based merchants to offer pay-by-bank at checkout. Micropayments works with merchants...

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Stripe Valued at $65 Billion After Share Sale Deal
Stripe Valued at $65 Billion After Share Sale Deal
February 28, 2024  |  Business

Payment processor Stripe’s value has reached $65 billion following a share sale deal with employees. The deal will see Stripe and some of its investors purchase more than...

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Report: Checkout.com UK’s Business Reports Fivefold Increase in Losses
Report: Checkout.com UK’s Business Reports Fivefold Increase in Losses
February 15, 2024  |  Economy

Online payment processing platform Checkout.com has reportedly recorded a $126 million loss in its U.K. business. The company was hit by reduced consumer spending and higher...

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