BlueSnap News
18 articles
Payroc Signs Definitive Agreement to Acquire BlueSnap
Letus, formally RentMoola, Embeds BlueSnap Payments to Facilitate Rental Transactions
BlueSnap has been selected by Letus to power payments for their cloud-based platform for the property rental market. This partnership allows Letus to offer better user experiences, global payments features, and stronger flexibility for rental payments. BlueSnaps embedded payments solution will prime Letus for continued growth in the rental SaaS market. The partnership solidifies BlueSnaps foray into a new SaaS vertical.
Customers
Splitit and BlueSnap announce joint payment partnership to simplify buy now, pay later for the merchant community
Splitit and BlueSnap are enhancing their existing relationship to simplify the buy now, pay later (BNPL) checkout experience. BlueSnap will become Splitits preferred processing partner, and the collaboration will target key verticals such as services, luxury retail, and B2B. The collaboration will provide added visibility and distribution for Splitit through BlueSnaps network of customers. The two companies will also work on integrating their platforms to offer an uncluttered, simplified experience for merchants. Splitits white-label BNPL platform allows merchants to offer installment payments without adding new debt or impacting credit reports. The deep integration is expected to be completed by Q3 2022.
Partners
BlueSnap preps Israeli startups for international success with new financial services license | CTech
BlueSnap has received a license from Israel’s Capital Market, Insurance and Savings Authority to offer financial asset services. This allows the company to continue supporting Israeli companies and startups seeking global payment and clearing solutions. BlueSnap traditionally helps SaaS companies and has 1,000 customers in Israel. The license opens up competition in a market previously monopolized by traditional clearing companies. BlueSnap plans to bring technology that matches international standards to the Israeli market. The company is backed by leading global private equity fund managers, including Great Hill Partners and Parthenon Capital Partners.
CustomersPartners
BlueSnap becomes first global PSP to launch local acquiring in Israel
Global payment technology company BlueSnap has received licensing and bank approval for local acquiring in Israel, making it the companys 47th local acquiring country. This will allow businesses operating in Israel to process digital payments locally, potentially saving them up to 2% in cross-border fees. The move is also expected to increase sales as local acquiring can improve payment authorization rates. BlueSnap, which originated in Israel in 2002, is also inviting businesses to participate in their beta program for local acquiring in the country.
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BlueSnap and Kount to Showcase All-in-One Solution for Excellence in Cross-Border Payments and Fraud Prevention at NRF 2020 Vision
BlueSnap and Kount will showcase their solution for excellence in cross-border ecommerce at NRF 2020 Vision: Retails Big Show. A study commissioned by BlueSnap and Kount found that worldwide online sales grew from $2 trillion in 2016 to $3.46 trillion in 2019. BlueSnap and Kount partnered to help merchants overcome barriers to growth in international sales. BlueSnap processes payments in more than 100 currencies via 110 payment methods, increasing conversion rates by up to 6% and saving on foreign transaction fees. Kounts digital fraud prevention solution protects 6,500 global businesses. In 2019, Kount reduced BlueSnap merchants fraud ratios by 50% and false positives by 40%.
CustomersPartners
BlueSnap Acquires Armatic
BlueSnap, a global payments technology company, has acquired Armatic, a leader in accounts receivable and invoicing automation. This acquisition will allow BlueSnap to provide B2B companies with an efficient quote-to-payment solution. The global B2B payment processing market represents $127 trillion in volume, and BlueSnap aims to modernize the industry by offering digital invoice management, automated account receivable and payments reconciliation, and a self-service portal for customers. The terms of the acquisition were not disclosed.
Acquisition
BlueSnap Launches New "Integrated Payments for Platforms" Product to Accelerate ISV Growth Ahead of ETA Transact
Online payments technology company, BlueSnap, has announced its new product, Integrated Payments for Platforms, which provides embedded payments for independent software vendors (ISVs). The product allows ISVs to embed payments into their software across all channels globally, with a single integration to BlueSnap’s 30 global banking partners. This reduces the number of payment solutions they maintain and enables streamlined global onboarding of the ISVs’ customers. BlueSnap manages the underwriting and compliance processes while absorbing the payment risks so ISVs can focus on their core business.
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BlueSnap Honored with 2019 FinTech Breakthrough Award for "Best B2B Payments Company"
BlueSnap announces global availability of Google Pay
BlueSnap has announced that Google Pay is now offered as a mobile wallet option in their All-in-One Payment Platform. This integration allows customers across Australia, Europe, and North America to accept payments made via online and mobile checkout, marketplaces, subscriptions, invoices, and virtual terminals. The service also provides security measures for BlueSnaps clients and their customers, encrypting payment information with a key securely managed between BlueSnap and Google.
CustomersPartners
https://ibsintelligence.com/ibs-journal/ibs-news/bank-of-america-outfitted-with-bluesnap-payment-platform/
BlueSnap Expands Local Payment Processing Capabilities to the Australian Market
Bluesnap Named to Inc. Magazine's 37th Annual List of America's Fastest-Growing Private Companies-the Inc. 5000
Online Payment Company BlueSnap Snags Competitor's Chief Financial Officer
BlueSnap Inc., an online payment company, has appointed Chris Manard as its chief financial officer. Prior to this role, Manard held the same position at Cayan LLC and Brightcove Inc. BlueSnap was originally founded as Plimus in Israel in 2001 and was acquired by Great Hill Partners LP in 2011 for $115 million. The company has raised $68 million in private equity. BlueSnap has 110 employees and offices in Massachusetts, London, Vancouver, and Herzliya. Manard will oversee the companys financial and legal teams.
Management Changes
BlueSnap's Payments for Platforms Grows 10x
BlueSnap, an online payments technology company, has announced that its All-in-one Payment solution for platforms has grown 10x year over year. This growth is seen as a positive impact on the company. The key theme of the article is the growth and success of BlueSnaps payment solution for platforms. The key issues discussed in the article are customers and partners. BlueSnaps solution allows platforms to embed payments, creating a seamless buying experience and generating additional revenue streams. The article mentions several platform customers, including Armatic, Harmony PSA, FinalSite, EventsAir, Benevity, and One Donation. The date of the event described in the article is March 19, 2018. The confidence in the answer is 8 out of 10.
CustomersPartners
BlueSnap Launches Omnichannel Payment Platform
BlueSnap Integrates Visa Checkout to Bring Frictionless Checkout to the Masses
BlueSnap Raises $50 Million For Its Global Payment Processing Tech
BlueSnap, a global payment services provider, has raised $50 million in a round of growth financing. The company plans to use the funds for global expansion and strategic acquisitions. BlueSnap operates in 180 countries, processing payments across multiple platforms and currencies. Its competitors include Adyen, Braintree, and Credorax. The company aims to help merchants sell globally and capitalize on the growing online shopping market. Previous investors, Great Hill Partners and Parthenon Capital Partners, will continue to serve on the board of directors. The funding round was announced at the Money20/20 conference in Las Vegas.
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