PAYSTRAX & Cardstream announce innovative payment partnership

FinTech company PAYSTRAX has announced a new partnership with UK payment solutions provider Cardstream. The collaboration aims to provide seamless card and online transactions for PAYSTRAX's customers.

By utilising Cardstream's global payment gateway, PAYSTRAX customers will have an additional method to connect with acquiring services and manage cross-border payments securely. Merchants will be able to integrate Cardstream's payment gateway into their online platforms, websites, or mobile applications, better-addressing customer payment preferences and expanding their business reach.

Adam Sharpe, CEO of Cardstream, commented on the partnership, emphasising the ongoing commitment to collaboration and technological innovation. "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, echoed the positive sentiment. "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, expressed enthusiasm for the new partnership. Paytently, a payment orchestration platform will be one of the first to integrate the joint services offered by PAYSTRAX and Cardstream. "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, which is 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," Tucker said.

PAYSTRAX is an innovative FinTech company that leverages cloud-based technology to offer tailored card-acquiring services to UK and European merchants. The business is part of the European Payments Group and holds Principal Membership licenses with Mastercard and VISA. PAYSTRAX operates out of offices in the UK, Lithuania, and Iceland.

Cardstream is a UK-based payment gateway provider that facilitates businesses' secure online payment acceptance. The company offers comprehensive services, including card processing, alternative payment methods, fraud prevention tools, and analytical reporting. With a PCI DSS Level 1 status, Cardstream’s Open Payment Network spans over 120 countries. It connects over 400 acquirers, payment methods, and commerce platforms tailored to meet the needs of over 140 reseller partners and their merchants.