Credorax Awarded ‘Best Merchant Acquirer’ of 2014

London - 25 November 2014

Credorax,  the digital merchant acquirer, today announced that the company  was named ‘Best Merchant Acquirer’ of 2014 at the recent, prestigious FSTech/Retail Systems Payments Awards ceremony. The event also awarded other global retail and payment companies in additional categories, including Starbucks, Skrill, PayPoint, T-Mobile US, Barclaycard, VocaLink, VeriFone and Greggs/Eagle Eye Solutions.

“From sales to risk to technology, every individual at Credorax created an incredible, holistic team in 2014 to ensure the utmost financial and business success for all of our partners and merchants and this award is proof of their hard work that clearly paid off for all parties involved,”  said Koen Vanpraet, Chief Commercial Officer of Credorax. “On behalf of Credorax I would like to thank the judges for recognising our accomplishments and we feel honoured to receive this prestigious award.”

Credorax is a merchant acquiring bank licensed by the MFSA as well as a PSD financial institution under the European Union. One of the first technology companies to become a principal-level member of Visa Europe and MasterCard, Credorax is a cross-border acquirer practicing banking in over 28 countries globally, including all European Union member states, and most recently, received its license in Japan.

The company is a pure-play acquirer that partners with over 150 global payment partners to provide  ‘smart acquiring’ to both large and small e-commerce merchants. Investing 40% of its annual budget into R&D and technology, Credorax empowers e-commerce merchants to transcend many of the processing challenges they would typically face with more traditional acquirers who mainly rely on legacy platforms.

Credorax is a global company with offices in the US, UK, Japan, Malta and Israel. Over $100 million has been invested in the company within the past two years from FTV, Blumberg Capital, Columbus Nova Technology Partners and Mobile Internet Capital.