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

Australia’s Central Bank Calls For Switch From Visa, Mastercard To Cheaper EFTPOS
Australia’s Central Bank Calls For Switch From Visa, Mastercard To Cheaper EFTPOS
February 05, 2020  |  Payment Methods

Australian regulators are considering whether it is necessary to stop banks from automatically routing “tap and go” card payments through Visa and Mastercard, when retailers...

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JPMC Opens eWallet So Tech Firms Can Offer Virtual Bank Accounts
JPMC Opens eWallet So Tech Firms Can Offer Virtual Bank Accounts
November 06, 2019  |  Digital Banking

JPMorgan Chase developed an eWallet product for tech companies like Airbnb, Lyft and Amazon designed to help them provide customers with virtual bank accounts, Bloomberg...

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Commercial Cards, B2B Payments Get A Lift During Earnings Season
Commercial Cards, B2B Payments Get A Lift During Earnings Season
November 04, 2019  |  B2B Payments

Earnings results showed continued uptake in commercial card issuance and use, here and abroad, as WEX, Mastercard and Visa reported earnings and strong B2B growth....

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Bitcoin Daily: Zamna Blockchain Travel Verification Firm Raises $5M; Crypto Capital Exec Arrested For Laundering Drug Money
Bitcoin Daily: Zamna Blockchain Travel Verification Firm Raises $5M; Crypto Capital Exec Arrested For Laundering...
October 27, 2019  |  Bitcoin

Zamna announced that it has raised a $5 million seed funding round led by LocalGlobe and Oxford Capital. Seedcamp, the London Co-Investment Fund (LCIF), Telefonica,...

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Payroc Combines With NXGEN, Payscape, BluePay Canada To Serve 46 Countries
Payroc Combines With NXGEN, Payscape, BluePay Canada To Serve 46 Countries
October 27, 2019  |  Partnerships / Acquisitions

Payroc announced that it has merged with Payscape, NXGEN and BluePay Canada to create a combined enterprise with increased capabilities, Payroc said in a press release...

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Kabbage Steps Into SMB Payment Processing
Kabbage Steps Into SMB Payment Processing
October 25, 2019  |  B2B Payments

Alternative small business (SMB) lending company Kabbage is entering the payments space in an effort to support small business cash flow. The company announced the...

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Survey: US Retailers Face Fraud, Currency Barriers In Global Online Sales
Survey: US Retailers Face Fraud, Currency Barriers In Global Online Sales
October 25, 2019  |  Retail

A new survey has found that the biggest obstacles hindering online retailers from doing business abroad is fraud prevention, and currency and payment processing. Fraud...

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simPRO Taps Square To Power Field Service Payments
simPRO Taps Square To Power Field Service Payments
October 24, 2019  |  Partnerships / Acquisitions

Business management cloud solutions simPRO announced that it is partnering with Square to provide payment processing options to field service professionals, according to a press...

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Wirecard Again Facing Accounting Fraud Allegations
Wirecard Again Facing Accounting Fraud Allegations
October 16, 2019  |  B2B Payments

Germany-based Wirecard is once again facing allegations of accounting fraud by the Financial Times (FT). The FT reported this week that its review of internal...

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