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Valitor

Valitor is a merchant services, acquirer, card issuer and payment gateway solutions company headquartered in Hafnarfjörður, Iceland. Valitor is Visa's and Mastercard's partner in Iceland and offers various online and e-commerce solutions internationally.[1]

Valitor hf.
Company typePrivate
IndustryElectronic Payment Services
Founded1983 (as Visa Iceland)
Headquarters,
ServicesPayment Services, Payment gateway
Websitewww.valitor.com

History edit

Valitor was founded in 1983 by five banks and thirteen savings banks under the name Visa Iceland.[2][3] In 2007 Greiðslumiðlun hf. changed its name to Valitor in a move to further its international services.[4]

On 7 December 2010, following the leak of the US diplomatic cables in February 2010 and the leak of Afghan War documents in July 2010, Valitor suspended payments towards the data company DataCell, the company processing donations for WikiLeaks.[5] On 12 July 2012 a Reykjavík court ruled that Valitor had to start processing donations within fourteen days[6] on pain of daily fines to the amount of ISK 800,000 for each day after that time, to open the payment gateway. Valitor also had to pay DataCell's litigation costs of ISK 1,500,000.[7]

In 2015, Valtor was selected as one of six companies to service ApplePay in Europe.[8]

In July 2017, Valitor bought UK based Chip & PIN Solutions.[9]

In April 2020, Valitor courted controversy as it was accused of using the COVID-19 pandemic to sack staff. The issue arose when Valitor fired 14 entry level staff at its Glasgow branch, claiming they were “restructuring the business”. However, the company is said to have kept on all its HR and senior management by putting them on furlough.[10]

Acquisition by Rapyd edit

Valitor is now part of Rapyd, a global payment processing and fintech-as-a-service company founded in 2016 as a consumer-mode e-wallet called CashDash.[11] It was the first e-wallet launched in 2017 and the company built an API that enables customers to access a range of financial services, including payouts, foreign exchange fund collection, card issuance, fund disbursements, and virtual IBAN accounts, among others.[12][13]

References edit

  1. ^ "About Us", valitor.com. Retrieved 18 July 2013.
  2. ^ "Útgefin greiðslukort bráðum 100 þúsund". Morgunblaðið (in Icelandic). 19 August 1988. p. 35. Retrieved 22 June 2021.
  3. ^ "Nýtt greiðslukortafyrirtæki". Dagblaðið Vísir (in Icelandic). 6 August 1983. p. 20. Retrieved 22 June 2021.
  4. ^ Grétar Júníus Guðmundsson (13 September 2007). "Tækifærin liggja í útrásinni". Morgunblaðið (in Icelandic). p. 8. Retrieved 22 June 2021.
  5. ^ Kolbeinn Tumi Daðason (24 April 2019). "Valitor dæmt til að greiða 1,2 milljarða". Vísir.is (in Icelandic). Retrieved 10 July 2021.
  6. ^ Niklas Svensson (12 July 2012). "Tvingas öppna för Wikileaksdonationer". Sveriges Television (in Swedish). Retrieved 22 June 2021.
  7. ^ "Judgement Reykjavík District Court, 12 July 2012 in case number E-561/2012: Datacell ehf.", English translation of judgment. Retrieved 9 November 2012.
  8. ^ "Valitor þjónustar Apple Pay í Evrópu". Viðskiptablaðið (in Icelandic). 11 June 2015. Retrieved 22 June 2021.
  9. ^ Magnús Halldórsson (5 July 2007). "Valitor kaupir Chip & PIN Solutions". Kjarninn (in Icelandic). Retrieved 22 June 2021.
  10. ^ John Glover (6 April 2020). "One of UK's largest retail merchant services company slammed for "using pandemic to sack staff"". Deadline News. Retrieved 22 June 2021.
  11. ^ "Rapyd to Acquire Valitor Expanding Access to Global Payments for its European Customers". Rapyd. Retrieved 2023-07-19.
  12. ^ https://social.techcrunch.com/2019/12/03/rapyd-which-offers-fintech-as-a-service-via-a-single-api-adds-20m-more-to-its-coffers-at-a-1-2b-valuation/
  13. ^ https://venturebeat.com/2019/02/13/rapyd-raises-40-million-to-expand-its-payments-network-worldwide/

valitor, merchant, services, acquirer, card, issuer, payment, gateway, solutions, company, headquartered, hafnarfjörður, iceland, visa, mastercard, partner, iceland, offers, various, online, commerce, solutions, internationally, company, typeprivateindustryele. Valitor is a merchant services acquirer card issuer and payment gateway solutions company headquartered in Hafnarfjordur Iceland Valitor is Visa s and Mastercard s partner in Iceland and offers various online and e commerce solutions internationally 1 Valitor hf Company typePrivateIndustryElectronic Payment ServicesFounded1983 as Visa Iceland HeadquartersHafnarfjordur IcelandServicesPayment Services Payment gatewayWebsitewww wbr valitor wbr comHistory editValitor was founded in 1983 by five banks and thirteen savings banks under the name Visa Iceland 2 3 In 2007 Greidslumidlun hf changed its name to Valitor in a move to further its international services 4 On 7 December 2010 following the leak of the US diplomatic cables in February 2010 and the leak of Afghan War documents in July 2010 Valitor suspended payments towards the data company DataCell the company processing donations for WikiLeaks 5 On 12 July 2012 a Reykjavik court ruled that Valitor had to start processing donations within fourteen days 6 on pain of daily fines to the amount of ISK 800 000 for each day after that time to open the payment gateway Valitor also had to pay DataCell s litigation costs of ISK 1 500 000 7 In 2015 Valtor was selected as one of six companies to service ApplePay in Europe 8 In July 2017 Valitor bought UK based Chip amp PIN Solutions 9 In April 2020 Valitor courted controversy as it was accused of using the COVID 19 pandemic to sack staff The issue arose when Valitor fired 14 entry level staff at its Glasgow branch claiming they were restructuring the business However the company is said to have kept on all its HR and senior management by putting them on furlough 10 Acquisition by Rapyd edit Valitor is now part of Rapyd a global payment processing and fintech as a service company founded in 2016 as a consumer mode e wallet called CashDash 11 It was the first e wallet launched in 2017 and the company built an API that enables customers to access a range of financial services including payouts foreign exchange fund collection card issuance fund disbursements and virtual IBAN accounts among others 12 13 References edit About Us valitor com Retrieved 18 July 2013 Utgefin greidslukort bradum 100 thusund Morgunbladid in Icelandic 19 August 1988 p 35 Retrieved 22 June 2021 Nytt greidslukortafyrirtaeki Dagbladid Visir in Icelandic 6 August 1983 p 20 Retrieved 22 June 2021 Gretar Junius Gudmundsson 13 September 2007 Taekifaerin liggja i utrasinni Morgunbladid in Icelandic p 8 Retrieved 22 June 2021 Kolbeinn Tumi Dadason 24 April 2019 Valitor daemt til ad greida 1 2 milljarda Visir is in Icelandic Retrieved 10 July 2021 Niklas Svensson 12 July 2012 Tvingas oppna for Wikileaksdonationer Sveriges Television in Swedish Retrieved 22 June 2021 Judgement Reykjavik District Court 12 July 2012 in case number E 561 2012 Datacell ehf English translation of judgment Retrieved 9 November 2012 Valitor thjonustar Apple Pay i Evropu Vidskiptabladid in Icelandic 11 June 2015 Retrieved 22 June 2021 Magnus Halldorsson 5 July 2007 Valitor kaupir Chip amp PIN Solutions Kjarninn in Icelandic Retrieved 22 June 2021 John Glover 6 April 2020 One of UK s largest retail merchant services company slammed for using pandemic to sack staff Deadline News Retrieved 22 June 2021 Rapyd to Acquire Valitor Expanding Access to Global Payments for its European Customers Rapyd Retrieved 2023 07 19 https social techcrunch com 2019 12 03 rapyd which offers fintech as a service via a single api adds 20m more to its coffers at a 1 2b valuation https venturebeat com 2019 02 13 rapyd raises 40 million to expand its payments network worldwide nbsp This article about an Icelandic corporation or company is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title Valitor amp oldid 1221670512, wikipedia, wiki, book, books, library,

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