Canada’s PaymentsMB taps Cardstream for European expansion
PaymentsMB, the Canadian turnkey Payment Service Provider, has adopted Cardstream’s Open Payment Network to support the expansion of its European presence and drive into new vertical markets.
Cardstream will act as PaymentsMB’s passport into Europe, taking responsibility for making introductions to acquirers and driving technical integration.
The integration will enable control of transaction routing through tokenisation and velocity checking that will ensure PaymentMB’s merchants remain within their designated transaction thresholds.
Doug Barber, head of acquiring and business development at PaymentsMB, says: “For subscription services such as digital streaming, it’s important that we can help provide our merchants with a broad network of acquirer relationships to help grow their businesses.”
PaymentsMB will connect to Cardstream’s network of acquirers. The partnership will enable PaymentsMB to expand its reach rapidly and continue to provide service to European merchants, without being slowed down by the time and effort of multiple integrations or expense of a heavy technology investment programme.
Cardstream’s ecosystem comprises an “Open Payment Network of Partners”, platforms and payment technologies. At the centre of this is the Cardstream Payment Hub, a white-label cloud platform that allows businesses to access the Open Payment Network through a single integration.