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SimplePAY is specific for health care providers, allowing patients to view and pay their medical bills online. [9] In March 2015, it was reported that Simplee was collecting over $1 Million per day through SimpleePAY, with an expectation to collect more than $1 billion by the end of 2015. [16]
A payment gateway is a merchant service provided by an e-commerce application service provider that authorizes credit card or direct payment processing for e-businesses, online retailers, bricks and clicks, or traditional brick and mortar. [1]
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Once the payment processor has received confirmation that the credit card details have been verified, the information is relayed back via the payment gateway to the merchant, who will then complete the payment transaction. If verification is denied by the card association, the payment processor will relay the information to the merchant, who ...
November 4, 2015: The acquisition of PAY.ON who provide white-label hosted payment gateway services was completed. [28] February 28, 2019: ACI enters agreement to acquire Speedpay, [29] Western Union's U.S. bill pay business, for $750 million [30]
Global Payments was founded in 1996 and spun off from National Data Corporation, its former parent company, in 2001. [6] Global Payments has been an independent, publicly-traded company on the New York Stock Exchange having the ticker symbol “GPN” since its spin off.
FreedomPay is a company that provides payment platform as a service. It was founded in 2000 and is currently located in Philadelphia, Pennsylvania. In early 2000, FreedomPay launched mobile payment "proof of concepts" with enterprises such as McDonald's, [1] Bank of America [2] and Visa.
Established in 2011, Red Dot Payment (RDP) was founded by Randy Tan, [2] [3] [4] who is currently acting as its managing director. Initially starting out in Singapore, it has expanded to other regions of Southeast Asia such as Thailand and Indonesia.