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)

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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Bottomline Takeover Raises New Concerns With UK Competition Regs
Bottomline Takeover Raises New Concerns With UK Competition Regs
October 09, 2019  |  B2B Payments

The U.K. Competition and Markets Authority (CMA) is raising new concerns about Bottomline Technologies’ acquisition of Experian Payments Gateway (EPG), warning in a press release...

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Europe’s Checkout.com Awarded License For French Payments
Europe’s Checkout.com Awarded License For French Payments
September 25, 2019  |  Digital Payments

Payment processor Checkout.com has been awarded a license as an E-money institution in France, according to a release by the company. The Autorité de Contrôle...

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BharatPe Lands $50M, Connects SMB Merchants With Suppliers
BharatPe Lands $50M, Connects SMB Merchants With Suppliers
August 27, 2019  |  B2B Payments

Four months after announcing a $15.5 million fundraise, India-based FinTech BharatPe revealed new funding for its solution aimed at small businesses. TechCrunch reported Monday (Aug....

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