ProcessOut offers payments as a service.
It has analysed over $20bn transactions over the past 12 months.
The acquisition follows Checkout.com’s $230mn funding round.
ProcessOut has a team of 14 which will join Checkout.com’s 600 staff. Checkout.com hopes that ProcessOut’s tools will help its enterprise customers optimise and streamline payment routing.
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This decision aligns with the bank’s focus on digital transformation and improving online transaction processes for merchants.
Event showcases Zellis HCM AIR, realtime payroll, and AI-enhanced features
The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms
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