Chyp Overview Chyp is a newly created merchant account provider that is owned and operated by the founders and executives of Securus Payments. The parent company of Securus Payments, Excel Corporation, sold nearly the entire operational apparatus of Securus Payments to Chyp in May 2016 yet retained Securus’s merchant portfolio. This means that Chyp has hired almost all of […]
Read MoreCommerce Payment Systems Overview Commerce Payment Systems is a merchant account provider that has been linked to North American Bancard, EVO Payments International, and Evolution Bankcard. This may indicate that Commerce Payment Systems has multiple separate backend processing relationships, or that North American Bancard, EVO Payments International, and Evolution Bankcard (all of whom are ISOs of […]
Read MoreCostco Merchant Services Overview Costco Merchant Services is the merchant account division of the wholesale retailer Costco. Costco is partnered with Elavon for its merchant services product, which means that Costco lets Elavon handle all aspects of the actual payment processing. Merchants who are considering Costco Merchant Services should be aware that, for all intents and purposes, Costco is Elavon, and that […]
Read MoreWorldPay Overview Formerly known as “RBS WorldPay” and “Streamline,” WorldPay is a large direct credit card processor headquartered in the UK. Following a stint as a subsidiary of Royal Bank of Scotland from 2002 to 2010, WorldPay is now an independent, publicly traded company on the London Stock Exchange. The company processed 6.3 billion transactions worth […]
Read MoreWholesale Merchant Processing Overview Wholesale Merchant Processing (possibly also known as “Wholesale Merchant Services”) is a merchant account provider based in Beaverton, Oregon. There is a great deal of evidence indicating that Smart Choice Payments, First Choice Payments, and North American Processing Solutions are all DBAs of Wholesale Merchant Processing, although the exact corporate structure linking […]
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