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Sage Pay
Sage Pay was a payments processing service owned by The Sage Group plc between 2006 and 2020. It operated in the UK, Ireland, Germany, Spain, South Africa and the United States. The company provided online payments processing as well as products for face-to-face and telephone payments. The UK and Ireland business was acquired by U.S. Bancorp's UK arm of Elavon in 2020 and was initially rebranded as Opayo, before taking on the group's Elavon branding. History UK and Ireland The Opayo business was founded in 2001 as Protx, a business that processes online payments for small and medium sized businesses. Sage Group purchased Protx for £20 million in 2006. Protx had 10,000 customers in 2006. Protx was rebranded as Sage Pay in April 2009. Sage Pay entered the Irish market and opened a customer service centre in Newcastle upon Tyne during the same year. Sage Pay had 300 employees and serves 50,000 customers. In February 2012, Sage Pay entered the card machine payment marke ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Subsidiary
A subsidiary, subsidiary company, or daughter company is a company (law), company completely or partially owned or controlled by another company, called the parent company or holding company, which has legal and financial control over the subsidiary company. Unlike regional branches or divisions, subsidiaries are considered to be distinct entities from their parent companies; they are required to follow the laws of where they are incorporated, and they maintain their own executive leadership. Two or more subsidiaries primarily controlled by same entity/group are considered to be sister companies of each other. Subsidiaries are a common feature of modern business, and most multinational corporations organize their operations via the creation and purchase of subsidiary companies. Examples of holding companies are Berkshire Hathaway, Jefferies Financial Group, The Walt Disney Company, Warner Bros. Discovery, and Citigroup, which have subsidiaries involved in many different Industry (e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Point Of Sale
The point of sale (POS) or point of purchase (POP) is the time and place at which a retail transaction is completed. At the point of sale, the merchant calculates the amount owed by the customer, indicates that amount, may prepare an invoice for the customer (which may be a cash register printout), and indicates the options for the customer to make payment. It is also the point at which a customer makes a payment to the merchant in exchange for goods or after provision of a service. After receiving payment, the merchant may issue a receipt, as proof of transaction, which is usually printed but can also be dispensed with or sent electronically. To calculate the amount owed by a customer, the merchant may use various devices such as weighing scales, barcode scanners, and cash registers (or the more advanced "POS cash registers", which are sometimes also called "POS systems"). To make a payment, payment terminals, touch screens, and other hardware and software options are avail ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banking Technology
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. As banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional-reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but, in many ways, functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ancie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Online Payment Service Providers
The following is a list of notable online payment service providers and payment gateway providing companies, their platform base and the countries they offer services in: (POS -- Point of Sale) See also * Payment gateway 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. The ... * Payments as a service * Ripple (payment protocol) References {{Digital payment providers * Online companies Online payment service providers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Paya (company)
Paya Holdings, Inc. is an American payment processor service that operates in North America and is headquartered in Atlanta, Georgia. As well as its headquarters, it has offices in Florida, Ohio and Virginia. The company provides online payments processing as well as products for face-to-face and telephone payments. It was known by the name Sage Payment Solutions while under the ownership of The Sage Group plc between 2006 and 2017. The company processes more than $30 billion for over 100,000 customers annually. The company was acquired by Nuvei in February 2023. History Sage Payment Solutions (SPS) North America was founded in 2006 by the London Stock Exchange-listed FTSE 100 company Sage Group who primarily operate in the accounting and payroll business software industry. The same year the Sage Group had entered the payments industry in its home country, the United Kingdom, through the acquisition of Protx, though the companies were kept separate. Sage Group divested the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GTCR
GTCR LLC is a Chicago, Illinois-based private equity firm focused on leveraged buyout, leveraged recapitalization, growth capital and rollup transactions. The firm principally invests in high-growth industries, including financial services & technology, healthcare, information services & technology, and growth business services. Since 1980, GTCR has reportedly invested more than $15 billion in over 200 companies."About GTCR" , company webpage As of 2021, the firm has more than 80 employees, including over 40 investment professionals. History The company was founded in 1980 as Golder Thoma & Co. by Stanley Golder, Carl Thoma, and Bryan Cressey. In the 1970s, Golder built the private equity program at[...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Softline (South African Software Company)
Softline was a South African enterprise software company that existed as an independent company between 1988 and 2003 when it was acquired by the UK-based multinational corporation The Sage Group plc. Sage continued to use Softline as a brand name until 2013 when all of Softline's products were re-branded as Sage. Sage's South African business continues to provide Sage's global products as well as local South African solutions that cover accounting, ERP, Payroll and HR, Business Intelligence, customer relationship management and retail software solutions to small, medium and larger sized companies in South Africa. History Softline was founded by Ivan Epstein and Alan Osrin in 1988 during the formative years of the software industry with a mere R1,500 loan. The two founding members of Softline were soon joined by local entrepreneur Steven Cohen in 1990. By 1993, more than 20,000 South African businesses were utilising Softline's Brilliant Accounting products aimed primarily a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sage Group
The Sage Group plc, commonly known as Sage, is a British Multinational corporation, multinational enterprise software company based in Newcastle upon Tyne, England. it is the UK's second largest technology company, the world's third-largest supplier of enterprise resource planning software (behind Oracle Corporation, Oracle and SAP), the largest supplier to small businesses, and has 6.1 million customers worldwide. It has offices in 23 countries. The company is a patron of The Glasshouse, Gateshead music venue in Gateshead. Sage is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. History 1981 to 2000 The company was founded by David Goldman (businessman), David Goldman, Paul Milford Muller, Paul Muller, and Graham Wylie in 1981 in Newcastle upon Tyne, to develop estimating and accounting software for small businesses. A student at Newcastle University, Graham Wylie, took a summer job with an accountancy firm funded by a government small busi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elavon
Elavon Inc., formerly NOVA, is a processor of card transactions and a subsidiary of U.S. Bancorp. Elavon offers merchant processing in more than 30 countries and supports the payment needs of more than 1,000,000 merchant locations across the globe. Elavon is the 4th largest U.S. credit card processor and is a top 6 acquirer in the European marketplace. History In May 2000, Nova Corporation and the Bank of Ireland announced the formation a joint venture in Dublin, Ireland, to be called EuroConex Technologies which would process card payment throughout Ireland and eventually the rest of Europe. In May 2001, U.S. Bancorp announced the acquisition of NOVA Corporation for $2.1 billion in stock and cash. In 2004, NOVA announced that EuroConex was to buy Polish processor "CardPoint" from " Bank Zachodni WBK", owned by Allied Irish Banks, This move allowed Bank Zachodni WBK to "sponsor" Euroconex's operations in Poland. NOVA announced deals with the Spanish Banco Santander, and the U ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Register
''The Register'' (often also called El Reg) is a British Technology journalism, technology news website co-founded in 1994 by Mike Magee (journalist), Mike Magee and John Lettice. The online newspaper's Nameplate_(publishing), masthead Logo, sublogo is "''Biting the hand that feeds IT''." The publication's primary focus is information technology news and opinions. Situation Publishing Ltd is the site's publisher. Drew Cullen is an owner and Linus Birtles is the managing director. Andrew Orlowski was the executive editor before leaving the website in May 2019. History ''The Register'' was founded in London as an email newsletter called ''Chip Connection''. In 1998 ''The Register'' became a daily online news source. Magee left in 2001 to start competing publications ''The Inquirer'', and later the ''IT Examiner'' and ''TechEye''. In 2002, ''The Register'' expanded to have a presence in London and San Francisco, creating ''The Register USA'' at theregus.com through a joint ventu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Online Payment
An e-commerce payment system (or an electronic payment system) facilitates the acceptance of electronic payment for offline transfer, also known as a subcomponent of electronic data interchange (EDI), e-commerce payment systems have become increasingly popular due to the widespread use of the internet-based shopping and banking. Credit cards remain the most common form of payment for e-commerce transactions. As of 2008, in North America, almost 90% of online retail transactions were made with this payment type.Turban, E. King, D. McKay, J. Marshall, P. Lee, J & Vielhand, D. (2008). Electronic Commerce 2008: A Managerial Perspective. London: Pearson Education Ltd. p.550 It is difficult for an online retailer to operate without supporting credit and debit cards due to their widespread use. Online merchants must comply with stringent rules stipulated by the credit and debit card issuers (e.g. Visa and Mastercard) in accordance with a bank and financial regulation in the countries ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
