Payroc Acquires FinTech Solutions From Beanstalk Payment Technologies
Payroc WorldAccess, LLC (“Payroc”), a leading merchant acquirer and global payment processing organization, announced today the acquisition of the Beanstalk Payment Technologies acceptance solution.
Payroc WorldAccess, LLC a leading merchant acquirer and global payment processing organization, announced today the acquisition of the Beanstalk Payment Technologies debit payment routing intelligence, a cloud-based fintech application programming interface (API) that provides routing alternatives while also reducing the costs associated with debit card transactions.
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Beanstalk’s intelligent routing technology evaluates various characteristics of a given transaction to identify the optimal, least-cost network across which the transaction could be routed. The solution’s routing intelligence can be integrated into e-commerce or point-of-sale software via API with transaction details and savings being monitored on Beanstalk’s dynamic analytics dashboard and reporting tools.
“Beanstalk Payment Technologies reinforces Payroc’s capabilities to provide industry leading cost-saving capabilities.” said Jim Oberman, Chief Executive Officer at Payroc. “Merging Payroc’s full-stack processing platform with Beanstalk’s debit routing intelligence solution will help merchants, payfacs, and independent software vendors reduce the costs associated with debit card transactions, while also increasing the rate at which these transactions successfully process. We couldn’t be more thrilled to welcome the Beanstalk team to the Payroc family.”
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“Payroc continues to impress us with their partner-centric approach, long-standing payment expertise and strategic direction of organic growth and acquisitions,” said Donald Boeding, Chief Executive Officer at Beanstalk. “We’re excited to further develop the Beanstalk solution and suite of integrations, while contributing to Payroc’s broader integrated payments strategy and technology initiatives.”