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)

Payroc Buys iTransact For Undisclosed Sum
Payroc Buys iTransact For Undisclosed Sum
October 11, 2016  |  Partnerships / Acquisitions

Payroc, a merchant services and payment processing organization, announced on Monday (Oct. 10) that it has acquired the assets of payment gateway and merchant account provider...

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Treasury Slaps Counting House As ‘Criminal Organization’
Treasury Slaps Counting House As ‘Criminal Organization’
October 11, 2016  |  B2B Payments

The U.S. Treasury has reportedly dubbed international payments processor PacNet, which operates Counting House, a “criminal organization,” and reports said the move could cause trouble...

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Gemalto Awarded Contract By BankAxept
Gemalto Awarded Contract By BankAxept
September 30, 2016  |  Mobile Payments

Gemalto, the digital security company, announced on Thursday (Sept. 29) it has been awarded a contract by BankAxept, the national payment scheme of Norway, to...

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HCE Service Launches New Mobile Payment Platform
HCE Service Launches New Mobile Payment Platform
September 30, 2016  |  Mobile Payments

HCE Service announced on Thursday (Sept. 29) it launched its SWIM (Software Wireless Identity Module) host card emulation mobile payments platform, which it said provides a...

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Australian Merchants Can Access Square’s Reader Online
Australian Merchants Can Access Square’s Reader Online
September 29, 2016  |  Payment Methods

Square announced earlier this week that businesses around Australia can access Square’s new contactless and chip card reader online at square.com.au for just $59. In a...

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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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