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

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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Will 99 Cents Burn Toast at the POS?
Will 99 Cents Burn Toast at the POS?
June 26, 2023  |  Platform Payments

After spending the last 20 minutes online deliberating over what you really need to round out your summer wardrobe, you’re ready to check out. You...

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AWS’ New Cryptographic Solution Promises Secure Payment Processing in the Cloud
AWS’ New Cryptographic Solution Promises Secure Payment Processing in the Cloud
June 13, 2023  |  Security & Fraud

Although an increasing number of payment companies are transitioning their workloads to the cloud, the use of manual, on-premises payment hardware security modules (HSMs) —...

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Parkopedia Teams With Valtech on Connected Car Project
Parkopedia Teams With Valtech on Connected Car Project
June 02, 2023  |  Connected Economy

Parkopedia has teamed with Valtech Mobility to offer drivers “vehicle-centric digital services.” Announced Friday (June 2) in an email to PYMNTS, the partnership combines Parkopedia’s...

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FTC Says Proposed Consent Decree Prohibits Nexway From Helping Scammers
FTC Says Proposed Consent Decree Prohibits Nexway From Helping Scammers
April 17, 2023  |  Security & Fraud

A proposed consent decree will prohibit Nexway from providing credit card laundering for tech support scammers. The Federal Trade Commission (FTC) has filed proposed consent...

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BoomerangFX Adds Stripe Payment Processing to Clinic Management Platform
BoomerangFX Adds Stripe Payment Processing to Clinic Management Platform
March 07, 2023  |  Healthcare

BoomerangFX has tapped Stripe to enable integrated payments within its clinic management platform. This move will add Stripe’s payment platform to BoomerangFX’s platform for aesthetic...

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Stripe Aims to Buy Employee Shares and Cover $3.5 Billion Tax Bill
Stripe Aims to Buy Employee Shares and Cover $3.5 Billion Tax Bill
March 06, 2023  |  Fintech Investments

Stripe’s latest fundraising round is reportedly being driven by a $3.5 billion tax bill. The firm aims to cover this personal tax liability that will...

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DataMesh Raises $30M to Grow ‘All-in-One’ Payments-Processing System
DataMesh Raises $30M to Grow ‘All-in-One’ Payments-Processing System
February 21, 2023  |  Payments Innovation

DataMesh Group has raised $30 million in a Series A funding round to expand globally. The Australian firm also plans to pursue large-scale domestic opportunities...

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Canadian Businesses Swap Checks for Commercial Cards
Canadian Businesses Swap Checks for Commercial Cards
December 20, 2022  |  B2B Payments

Checks remain a key B2B payment method in Canada, but commercial cards are changing that. A driving force behind this is the partnership of New...

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