Barclaycard and Digital River World Payments sign agreement for card acquiring services

Barclaycard has signed an agreement with Digital River World Payments Payments One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl One of the bases of mediums of exchange in the modern world, a payment constitutes the transfer of a legal currency or equivalent from one party in exchange for goods or services to another entity. The payments industry has become a fixture of modern commerce, though the players involved and means of exchange have dramatically shifted over time.In particular, a party making a payment is referred to as a payer, with the payee reflecting the individual or entity receiving the payment. Most commonl Read this Term to provide card acquiring services for the payment service provider.

The agreement will allow Digital River to incorporate Barclaycard’s secure processing platform. Digital River will act as the commercial, technical and operational connection, while Barclaycard’s platform will be integrated in to their system.

“Digital River World Payments is a leading payment service provider and this new relationship reinforces Barclaycard’s strategy of working with key partners to deliver enhanced payment solutions to our customers, and enabling them to achieve their growth aspirations.” added Marc Pettican, director of sales and account development at Barclaycard, about the agreement.

“Working with a leading brand like Barclaycard enables us to deliver greater value to our customers as a single partner for transaction processing, Settlement Settlement Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Settlement in finance refers to the process when a buyer makes payment and receives the agreed-upon services or goods. The term is used on exchanges such as New York Stock Exchange (NYSE) when security changes hands. When the asset is transferred and placed in the new buyer's name, it is considered settled. This process could take a few hours or several days after a trade is made. It depends on the clearance process. In the United States, the settlement date for marketable stocks is usually 2 Read this Term and reporting.” Souheil Badran, Digital River’s senior VP and general manager added on the cost effectiveness of the agreement.

The agreement will help assist with creating efficient and less costly cross border transactions within Europe for Digital River’s merchants