July 16, 2024
The FinTech firms’ partnership will help businesses meet local payment preferences in global markets
London, UK – 16 July 2024 – FinTech company, PAYSTRAX, has announced a new partnership and integration with UK payment solutions provider, Cardstream, to provide seamless card and online transactions for its customers.
Utilising Cardstream’s global payment gateway, PAYSTRAX customers can now benefit from an additional way to connect with its acquiring services and accept cross-border payments smoothly and securely.
PAYSTRAX merchants can now integrate Cardstream’s payment gateway into their online platforms, websites or mobile apps to help better cater to customer payment preferences and expand their business reach.
Commenting on the news, Cardstream CEO, Adam Sharpe, said the partnership shows an ongoing commitment to knowledge sharing and collaboration with its partners as well as its ability to provide pioneering technology:
“We’re delighted to be partnering with PAYSTRAX and helping them leverage our innovative gateway for their customers,” Sharpe said. “At Cardstream, we will continue to be at the cutting edge of developing the latest payment innovations, and with PAYSTRAX’s strong reputation in the market, we look forward to working closely together going forward.”
Johannes Kolbeinsson, CEO and co-founder of PAYSTRAX, added: “With this strategic partnership, PAYSTRAX can continue its efforts to be at the forefront of minds when businesses consider adopting new and innovative payment technology. The partnership highlights the possibilities of strong collaboration between acquirers and providers in the FinTech space and we’re really looking forward to providing this new service for our merchants.”
Nick Tucker, Chief Revenue Officer and co-founder of Paytently, a payment orchestration platform which will be one of the first to take advantage of the partnership, said: “We are thrilled to partner with PAYSTRAX, whose tailored acquiring offering and Visa and Mastercard processing solutions will enhance our payment orchestration platform. The flexibility offered by PAYSTRAX allows us to customise our solutions, a pivotal factor in our decision to collaborate. This ensures that we can effortlessly adapt to the diverse needs of the market, providing our merchants with exceptional service and support.”
Cardstream is a UK-based payment gateway provider that enables businesses to accept online payments smoothly and securely. The company offers a range of services including card processing, alternative payment methods, fraud prevention tools, reporting/analytics, and more.
PAYSTRAX is an innovative FinTech company that utilises cutting-edge cloud-based technology for tailored card-acquiring services to European and UK merchants. Operating out of its offices in the UK, Lithuania, and Iceland, the business is a part of the European Payments Group and holds a Principal Membership license with Mastercard and VISA.
About PAYSTRAX:
PAYSTRAX is an innovative Financial Technology company which provides UK & European merchants with state-of-the-art solutions for all their card payment transaction needs. PAYSTRAX offers multi-currency settlement and transaction services for point-of-sale (POS) terminals, e-commerce, m-commerce and mail/phone orders, in addition to services such as tokenisation, fraud and chargeback management. No matter how or where you sell your goods or services, PAYSTRAX helps merchants and retailers receive payments as quickly, securely and cost-efficiently as possible.
As well as having set up a unique, streamlined selection of highly scalable multi-channel, multi-currency cloud solutions, PAYSTRAX also offers value-added services to Payment Service Providers which can leverage the company’s quick onboarding process and extensive product selection to their own benefit.
PAYSTRAX´s leadership team have decades of experience in the financial transaction industry, leading their previous start-up FinTech company to no. 106 on Inc. magazine’s 5000 Europe list of the fastest growing companies of 2016. PAYSTRAX is a part of the European Payments Group and holds a Principal Membership license with Mastercard and VISA. PAYSTRAX has a Payment Institution license from the Bank of Lithuania for the EEA market and has an Authorised Payment Institution license from the FCA.
About Cardstream:
Cardstream is a leading force in the payments services industry, seamlessly integrating onboarding verification and management, payment connectivity and gateway, transaction monitoring and routing, payment facilitation and acquiring into the new singular and dynamic brand that is Cardstream. At its core, Cardstream functions as the ‘engine inside’ the payment ecosystem, driving forward with a mission to simplify, secure, and accelerate financial transactions for businesses worldwide.
As a PCI DSS Level 1 independent payments gateway, Cardstream’s Open® Payment Network spans over 120 countries, connecting over 400 Acquirers, Payment Methods, Fraud Mitigation and Commerce platforms.
This ensures support for a broad spectrum of currencies and major card schemes, tailored to meet the needs of more than 140 Reseller Partners and their merchants. By offering a full-stack payments services suite, Cardstream empowers clients with customised, white-labelled solutions, providing unprecedented operational efficiency and market agility. Cardstream operate globally, employing over 80 people that includes an experienced leadership with decades of industry experience.
