Remove Acquirers Remove Funds Transfer Remove Point-of-Sale (POS)
article thumbnail

EazyPay Partners with Visa to transform Bahrain’s funding landscape with cutting-edge Visa Direct solution

Fintech Finance

In a groundbreaking partnership, Eazy Financial Services “EazyPay” , a leading Bahraini financial institute specialized in Point-of-Sale (POS) and online payment gateway acquiring services, has joined forces with Visa , a global leader in digital payments, to enable Visa Direct, a cutting-edge funds transfer solution for EazyPay’s customer base.

article thumbnail

Bahrain's EazyPay joins forces with Visa

Finextra

In a groundbreaking partnership, Eazy Financial Services “EazyPay”, a leading Bahraini financial institute specialized in Point-of-Sale (POS) and online payment gateway acquiring services, has joined forces with Visa, a global leader in digital payments, to enable Visa Direct, a cutting-edge funds transfer solution for EazyPay’s customer base.

article thumbnail

This Week in Fintech: TFT Bi-Weekly News Roundup 01/03

The Fintech Times

Eazy Financial Services ‘EazyPay’, a Bahraini financial institute specialised in point-of-sale (POS) and online payment gateway acquiring services, has joined forces with Visa to enable Visa Direct, a funds transfer solution for EazyPay’s customer base.

FinTech 64
article thumbnail

Finovate Global Uzbekistan: Fintech Innovation and Banking Breakthroughs in Central Asia

Finovate

A recent example of this was with Hungary’s OTP, which in June 2023 became the first international player to participate in the privatization of the Uzbek banking sector, acquiring former state-owned Ipoteka Bank.

article thumbnail

What is Payment Processing?

Clearly Payments

Transaction Initiation Customer Payment: The process begins when a customer makes a payment using a credit/debit card or other payment methods at a merchant’s point of sale (POS) system or online checkout. Here’s a simplified overview of how it works: 1. This usually occurs within a few days.

Process 59
article thumbnail

What is a Payment Gateway and How Does It Work?

Stax

A payment processor is a company that acts as the intermediary or middleman between the two banks: the issuing bank and the acquiring bank. The issuing bank is the bank of the customer, while the acquiring bank is the merchant’s bank (in other words, the one acquiring the funds). Card networks (like Visa, Mastercard, etc.)

article thumbnail

What is a Payment Processor?

Clearly Payments

This comprehensive guide aims to unravel the complexities and distinctions among three primary types of payment processors: Acquirers, Independent Sales Organizations (ISOs), and Aggregators. Acquirers or Acquiring Banks Acquirers, also known as acquiring banks , form the backbone of the payment processing ecosystem.