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Mutual Trust Bank Implements New Payment Gateway to Enhance E-Commerce Acquiring Capabilities

The Fintech Times

Bangladesh-based bank, Mutual Trust Bank PLC , has successfully migrated its e-commerce acquiring services to a payment gateway from UK-based paytech Compass Plus Technologies. ” Mutual Trust Bank currently boasts a network of 120 branches, 306 ATMs and over 4000 Point of Sales (POS) machines.

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Payment Processing USA: 2024 Market Overview

Clearly Payments

Merchants partner with acquirers or payment processors to enable transactions. They require secure systems like point-of-sale (POS) terminals , online checkout gateways, or mobile payment solutions to process payments. Acquirers also handle transaction settlement and ensure funds are deposited into the merchant’s account.

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Kazang Pay Launches Card Acquiring Service in Zambia

Fintech Finance

Kazang , the prepaid value-added services (VAS) and card acquiring business within JSE-listed fintech Lesaka Technologies, has launched its Kazang Pay card acceptance solution for merchants in Zambia. million debit, credit and ATM cards in issue and 41,000 point of sale (POS) terminals in place.

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Shift4 Acquires Majority Stake of German Point-of-Sale Company Vectron Systems Ag and Completes Previously Announced Acquisition of Revel Systems

Fintech Finance

Shift4 , the leader in integrated payments and commerce technology, has acquired a majority stake in Vectron Systems AG , one of the largest European suppliers of point-of-sale (POS) systems to the restaurant and hospitality verticals.

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The Anatomy of a Credit Card Transaction

Clearly Payments

Acquiring Bank The acquiring bank processes the transaction on behalf of the merchant. Payment Processor Facilitates communication between acquiring and issuing banks. Card Network Facilitates Clearing : The acquiring bank forwards the transactions to the respective card networks, which route them to the issuing banks.

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Visa Acquires Germany-Based Payworks

PYMNTS

Visa said early Wednesday (July 17) that it has acquired Payworks , a payment gateway based in Germany focused on the point of sale (POS). The joint offering, according to the release, will provide acquirers and payment service providers with “a modern, fully white-labeled omnichannel payment management platform.”

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Shift4 acquires majority stake in hospitality POS business Vectron

Finextra

Shift4, the leader in integrated payments and commerce technology, has acquired a majority stake in Vectron Systems AG, one of the largest European suppliers of point-of-sale (POS) systems to the restaurant and hospitality verticals.