Subscribe to our e-newsletter
Follow us on Twitter
Privacy and cookies
Established 1996
Sunday 31 May 2020


Visa acquires Payworks for omnichannel payments

Written by Hannah McGrath

Visa has acquired German point of sale (PoS) firm Payworks in a deal that will enable Visa to offer cloud-based in-store and online payments processing.

Visa said it would integrate Payworks’ PoS payment gateway software with its CyberSource digital payment management platform to create a fully integrated payment acceptance solution for merchants and acquirers.

The acquisition builds on a strategic partnership and investment Visa made in Payworks in February 2018.

The joint offering will provide acquirers and payment service providers with a fully white-labeled omnichannel payment management platform, Visa said.

Payworks is a payment gateway software provider, streamlining face-to-face payment connectivity.

By combining the CyberSource e-commerce and mobile payment capabilities with Payworks’ cloud-based architecture, Visa’s merchant and acquirer clients will be able to support face-to-face transactions across a variety of PoS terminal types, including digital experiences, through a single integration.

Carleigh Jaques, global head of digital merchant products at Visa, said: “For the past two years, we have partnered closely with Payworks to deliver cutting-edge integrated commerce solutions for CyberSource’s clients worldwide.

“As these solutions become mainstream, aligning more closely with Payworks and combining our businesses is a natural extension of our relationship.”


RS Winners brochure

Find out how HULFT can help you manage data, integration, supply chain automation and digital transformation across your retail enterprise.

Talking shop: retail technology solutions from Brother
Retail Systems editor Peter Walker sits down with Brother’s senior commercial client manager Jessica Stansfield to talk through the company’s solutions for retailers and hospitality businesses, what’s new in labelling technology, and the benefits of outsourcing printing.
Most read stories...
World Markets (15 minute+ time delay)