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The brand Paymentech was created in the year 1996 and the Initial public offering (IPO) was executed in the same year. Paymentech acquired Gensar, which later became Paymentech Network Services, Tampa, and Merchant Link in 1996. In 1997, Chase Paymentech was created as a joint venture between Chase Merchant Services and First Data Corporation ...
In 2009, Canadian Business Magazine named Versapay Corporation the fastest growing company in Canada. Revenue for Versapay had grown from $50,000 in 2006 to $5.1 Million in 2008, processing an estimated $230 Million in 2008 from over 2800 clients, by 2013 - Versapay was processessing in excess of $1 billion annually.
In 2009, it paid $75 million for United Card Service, Russia's leading credit card processing company. [13] In 2011, Global Payments's United Card Service bought Alfa-Bank's credit card processing unit. [13] In October 2012, it acquired the smaller Accelerated Payment Technologies for $413 million. [14]
A payment service provider (PSP) is a third-party company that allows businesses to accept electronic payments, such as credit card and debit card payments. PSPs act as intermediaries between those who make payments, i.e. consumers , and those who accept them, i.e. retailers .
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The service is powered by a tagging mechanism that anonymously links browsing data to transactions that process through Moneris' national payment network. [ 22 ] The company's data services has publicly shared findings to disclose Canadian consumer spending habits during the 2019 NBA Finals , [ 23 ] the King Street Pilot Project , [ 24 ] and ...