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

Velera to Provide Debit Card Processing to Mississippi-Based Keesler Federal
Velera to Provide Debit Card Processing to Mississippi-Based Keesler Federal
November 20, 2024  |  Credit Unions

Credit union service organization (CUSO) Velera will provide debit card processing and support to Mississippi-based Keesler Federal Credit Union, which serves 327,000 members in the...

READ MORE >
WEX: Navigating Near-Term Headwinds While Investing in Digital Growth
WEX: Navigating Near-Term Headwinds While Investing in Digital Growth
October 24, 2024  |  Earnings

The contemporary operating landscape is increasingly defined by both resilience and vulnerability. These two themes were central to WEX Inc.’s third-quarter 2024 earnings call on...

READ MORE >
Nuvei Teams Up With BigCommerce on Customized Payment Solutions
Nuvei Teams Up With BigCommerce on Customized Payment Solutions
October 22, 2024  |  Payments Innovation

Canadian FinTech Nuvei has announced a partnership with open software-as-a-service (SaaS) eCommerce platform BigCommerce that it says will globally enable customizable payment solutions that were...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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...

READ MORE >
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....

READ MORE >