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: 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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7 in 10 Main Street SMBs Use the Same eCommerce Platforms
7 in 10 Main Street SMBs Use the Same eCommerce Platforms
January 04, 2024  |  eCommerce

An online presence is a must for any business today, and online sales require a platform that allows consumers to have an easy, quick and...

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J.P. Morgan Payments Processes Record Number of Transactions in Europe
J.P. Morgan Payments Processes Record Number of Transactions in Europe
December 08, 2023  |  Payment Methods

J.P. Morgan Payments processed a record number of card-not-present transactions in Europe on both Black Friday (Nov. 24) and Cyber Monday (Nov. 27). The firm...

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Transaction Services and Silverflow Collaborate on Customer Payments Management
Transaction Services and Silverflow Collaborate on Customer Payments Management
October 19, 2023  |  Payment Methods

Transaction Services, a leader in payment processing, has partnered with Silverflow, a cloud-based payment processing platform, to enhance the management of customer payments, the companies...

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Stax Acquires APPS to Boost Payment Processing Services
Stax Acquires APPS to Boost Payment Processing Services
October 17, 2023  |  Acquisitions

Florida-based FinTech Stax Payments says it has acquired Atlantic-Pacific Processing Systems (APPS). “The integration of APPS marks a significant expansion of Stax’s technology stack, giving partners and merchants flexible,...

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Failed Payments Are Costing Companies Their Best Subscribers and 9% of Revenue
Failed Payments Are Costing Companies Their Best Subscribers and 9% of Revenue
October 16, 2023  |  Subscriptions

Subscribers want a smooth shopping experience: Data from several PYMNTS Intelligence studies shows that 27% of users are likely to cancel their subscriptions if they...

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Celero Acquires Finical to Expand Payment Processing Capabilities
Celero Acquires Finical to Expand Payment Processing Capabilities
October 11, 2023  |  Acquisitions

U.S. non-bank payment processor Celero Commerce has acquired Finical, a Dallas-based provider of electronic payments technology. This strategic acquisition will enhance Celero’s capabilities and allow it...

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AppTech Aims to Enhance Digital Commerce Platform With FinZeo Acquisition
AppTech Aims to Enhance Digital Commerce Platform With FinZeo Acquisition
September 20, 2023  |  Acquisitions

FinTech company AppTech Payments has announced its intention to acquire FinZeo, a software development company focused on providing advanced payment and banking technology to businesses. The planned acquisition...

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Suppliers Recast the Definition of B2B Loyalty
Suppliers Recast the Definition of B2B Loyalty
August 10, 2023  |  B2B Payments

Shawn Cunningham, managing vice president and head of Capital One’s trade credit operations, told PYMNTS in a recent interview that it’s time for companies to...

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