Paycore (Formerly Cardtek)
Date | Investors | Amount | Round |
---|---|---|---|
$19.3m | Series A | ||
N/A | Buyout | ||
* | N/A | Acquisition | |
Total Funding | $19.3m |
Related Content
Recent News about Paycore (Formerly Cardtek)
EditPayCore is a leading payment software company specializing in EMV compliant solutions for financial institutions and payment service providers. Operating in the global financial technology market, PayCore offers a web-based platform that supports the entire lifecycle management of credit, debit, and prepaid card products. The company serves a diverse range of clients including banks, payment facilitators, e-money institutions, and retailers. PayCore's business model revolves around providing customizable, multilingual solutions that can be licensed or offered as a processing service, ensuring flexibility to meet various client needs. The company generates revenue through licensing fees, transaction processing fees, and service contracts. Additionally, PayCore is a pioneer in Host Card Emulation (HCE) technology, offering NFC-based payment solutions that enable secure cloud-based card credential management. This allows end-users to store and use their card credentials efficiently via digital wallets. With over two decades of experience, PayCore has established itself as a reliable partner in payment innovation, boasting a strong track record of successful projects across multiple countries.
Keywords: EMV, payment software, financial institutions, card lifecycle management, HCE technology, NFC payments, cloud credential management, multilingual platform, licensing, transaction processing.