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

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...

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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...

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linked2pay Adds Automated Merchant Approval, Onboarding
linked2pay Adds Automated Merchant Approval, Onboarding
September 22, 2016  |  Merchant Innovation

Linked2pay, the platform provider of Bank Centric Payments, announced on Wednesday (Sept. 21) that it has added automated merchant approval and onboarding to its service. In a...

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Entrata And Visa Ink Alliance To Make It Easier To Pay Rent Via A Card
Entrata And Visa Ink Alliance To Make It Easier To Pay Rent Via A Card
September 16, 2016  |  Partnerships / Acquisitions

Payment processor Entrata announced on Thursday (Sept. 15) it entered into a strategic alliance with Visa to introduce an improved payment and authorization program to...

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BNY Mellon To Launch Payment Processing Enhancements
BNY Mellon To Launch Payment Processing Enhancements
September 09, 2016  |  Payment Methods

Two years ago, BNY Mellon began to transform its payment infrastructure with upgrades to its global payment capabilities, and more of that transformation will happen this...

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Square Transaction Margins Appear Slim But Not A Worry
Square Transaction Margins Appear Slim But Not A Worry
August 29, 2016  |  Mobile Payments

Mobile payment company Square‘s transaction margins, which make up most of the company’s revenue, appear slim. That’s according to a report by The Motley Fool, which said that,...

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Google, Apple Eyeing Blockchain For Payments
Google, Apple Eyeing Blockchain For Payments
August 29, 2016  |  Blockchain / Distributed Ledger

Apple and Google haven’t shown much interest in blockchain technology, but that appears to be changing, with increasing interest in Ripple and the distributed ledger financial company’s Interledger...

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Guardian Analytics Fighting Same Day ACH Fraud With New Tool
Guardian Analytics Fighting Same Day ACH Fraud With New Tool
August 23, 2016  |  Security & Fraud

Guardian Analytics, the security company fighting banking fraud, announced on Monday (Aug. 22) it is launching a real-time ACH service that protects against fraud risk...

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TSYS Names Veteran In Financial Services As Head Of Global Products, Innovation
TSYS Names Veteran In Financial Services As Head Of Global Products, Innovation
August 23, 2016  |  TSYS

TSYS, the payment processing company, announced on Monday (Aug. 22) that Karim Ahmad, a veteran of the financial services and consulting industries, has been named...

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