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the acquisition will help Fiserv advance its PEP+ ACHprocessing solution. Fiserv is also busy trying to acquire Monitise, recently increasing its offer for the U.K.-based In the U.S., based financial services company to about $98 million in the hopes of gaining the backing of the firm’s investors.
In a joint release , Vantiv and Visa said that the settlement time — received by merchants upon funding of debit cards — now takes minutes rather than one to three days, as is typical with ACHprocesses. Vantiv is the first merchant acquirer to speed up the SMB payment process and accelerate B2B disbursements.
They work by transmitting all the credit card info between the acquiring and issuing bank, as well as the business owner. We help SMBs save up to 40% on credit card processing fees, all while offering dedicated in-house customer and technical support. In other words, no credit card payment processor, no accepting credit cards.
bank connections are an ideal complement to Mazooma's ACHprocessing platform, risk management features and compliance protocols," he added. Plaid, founded in 2012 in Silicon Valley, was acquired by Visa earlier this year. . Plaid's optimized user interface and U.S.
Payments solution firm Paya said Thursday (November 1) that it has acquired Stewardship Technology, an Ohio-based PayFAC focused on nonprofits, faith-based organizations and educational enterprises.
The great thing about an ACH PayFac solution like Stax Connect is that SaaS companies or ISVs can embed ACH payments in their software easily and own (also, white label) the payment experience. All this without having to invest time and resources in partnering with an acquiring bank or building an elaborate payment infrastructure.
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