FinTech

Velo Payments to acquire YapStone

EN YapStone is an innovative technology company that is changing the way the world pays. The companies will focus especially on cross-border payments. With its tailored solutions and robust technology, Yapstone enables merchants to thrive in an increasingly digital and interconnected world. Velo Payments acquires YapStone Inc., the leader in vacation rental payment processing.

Yapstone’s CEO, Frank Mastrangelo, spoke about the reason behind the rebranding and its impact on customers. Their product suite encompasses everything from custom-branded cards to mobile payment technologies, all designed to streamline payment mechanisms for users. It’s advisable for potential customers to seek a personalized quote to get the most accurate pricing tailored to their needs.

  • Its platform enables businesses to collect payments online and offline while allowing anyone to pay from their mobile money, local and international cards, and directly from their bank.
  • Tom Villante completed his undergraduate studies at Princeton University, laying the foundation for his future success in finance and technology.
  • This transaction highlighted his ability to identify and capitalize on valuable opportunities beyond the technology sector.
  • What’s particularly unique about the Yapstone platform is its ability to process payments from international sources, allowing businesses to accept payments from customers all over the world.

YapStone – Company Profile

The timing of their connection has drawn particular attention in business and entertainment circles, as it represents a merger of the tech-finance world with the entertainment industry influence. The two were seen dining at Giorgio Baldi, suggesting a personal connection between the business leader and the entertainment industry figure. His approach involves creating seamless payment solutions while maintaining strong profit margins. As CEO, Villante emphasizes the importance of industry-specific knowledge and automation in business success. The company secured over $110 million in capital investment, including significant funding rounds from Excel Partners and Meritech Capital in 2011.

Building on the company’s successful foundations, the rebrand signifies the beginning of a new chapter for Yapstone as the company continues to expand globally, offering local payment solutions for global businesses. Premium Card Solutions specializes in providing a wide array of payment processing and card issuance services, catering to both businesses and financial institutions. Yapstone, Inc. specializes in providing payment processing solutions tailored for businesses that require integrated online payment capabilities. Furthermore, the company focused on its redefined plan to amplify global commerce in local markets by using its local payment methods expertise, as well as its stackable, scalable payments platform. The US-based payment processing company YapStone announced the launch of its rebrand in May 2022, with the redefined approach to localised payments ahead of global expansion.

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For more information, go to xcritical.com or follow us @xcritical on LinkedIn, Twitter, and Facebook. Whether it’s powering multi-party transactions or accepting local payment methods in emerging markets, Yapstone cuts through the payment complexities to enable commerce worldwide. Yapstone, a leading provider of payment solutions, announced today that it has undergone a major rebrand. Overall, Premier One Payments positions itself as a versatile player in the payment processing landscape.

Q: Will Bethenny Frankel relocate to Florida because of Tom Villante?

It also develops tailored payment solutions to address partner needs. YapStone provides website and mobile payment technology solutions. The new website design xcritical scam was inspired by the transformation happening across the payments landscape, with the new typeface and dynamic color palette better reflecting the company’s innovative approach to local payments.

250 of the most promising private companies applying a mix of software and technology to transform the financial services industry. It offers a platform that powers electronic payments for international online and mobile marketplaces. With their local payment methods expertise and stackable, scalable payments platform, Yapstone’s redefined mission is to amplify global commerce in local markets, summarized by their new tagline ‘pay local, scale global’. Priority Payment Systems, LLC is a payment processing and merchant services provider that focuses on helping businesses streamline their payment operations. YapStone was set to offer clients and businesses around the world local payment solutions and services. Through the use of technologies such as Velo Payments’ Open Banking platform, the acquisition is aiming to deliver clients and businesses around the world efficient payment experiences, by reducing the overall cost and complexity of payments.

Employees at Yapstone

Additionally, they often integrate with numerous software platforms, which helps their clients manage sales more effectively. The company emphasizes flexibility and scalability, allowing merchants to tailor their payment systems according to their specific needs. The company operates within a competitive landscape, constantly adapting to evolving market demands and technological advancements to meet the needs of its diverse clientele. Additionally, they emphasize compliance with industry standards, ensuring that their services remain reliable and secure. They focus on delivering solutions that enhance transaction efficiency and promote secure payment methods. Additionally, Priority Payment Systems emphasizes support and client care, providing resources to assist businesses in managing their transactions effectively.

YapStone¶

This marks the beginning of a bold new chapter—one built on our shared commitment to delivering smarter, faster, and more seamless payment solutions tailored to the needs of the STR community. Users should exercise their own discretion when accessing and using any third-party websites or services. The content presented reflects the views and opinions of the author and should not be considered as legal, financial, or professional advice. Additionally, developers can access detailed documentation and resources for troubleshooting and debugging.

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The initiative follows the aim of both companies to improve the overall payments landscape, combining YapStone’s payfac and MSB licensure with Velo Payments’ disbursements platform for multiple ecommerce and marketplace business models. For more information about Velo Payments and YapStone, visit and The company doesn’t charge any setup or monthly fees – so you can get started with your online payments quickly and without breaking the bank. What’s more, customers can take advantage of the platform’s low fees and competitive pricing, giving them more bang for their buck when making payments.

We can strengthen our commitment to simplifying and optimizing the billions of payments for our customers in the short-term and vacation rental industry (STVR) while expanding our reach into other marketplaces.” The company offers services including payment collection, merchant onboarding, wallet management, and fund disbursement, all managed through a dashboard. Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.

  • In today’s episode, I share the mic with Tom Villante, CEO of YapStone, one of the leading online payment service providers for global marketplaces and large vertical markets.
  • As the short-term rental market expands globally, we’re ready to scale with you.
  • Whether you’re a property manager, a platform operator, or a host, the ability to handle payments quickly, reliably, and securely can make all the difference.
  • I’m incredibly excited to see what we can build together for customers in the years ahead.”
  • The process of undergoing the major rebrand was built on the firm’s foundations and it signified the beginning of its expansion globally.

The company focuses on various sectors, including property management, home services, and marketplaces, facilitating smooth financial transactions between businesses and their customers. PayNearMe is a technology company that operates within the financial services industry, providing a payment processing platform. All in all, Yapstone is an ideal payment platform for businesses of any size that are looking to take their online sales and customer payments experience to the next level. What’s particularly unique about the Yapstone platform is its ability to process payments from international sources, allowing businesses to accept payments from customers all over the world.

Lemonway is a payment institution that provides payment solutions for marketplaces and alternative finance platforms. ToneTag provides contactless payment solutions using soundwave technology in the financial technology sector. The company offers a platform that connects, matches, and monitors data to provide insights for businesses. Our full-stack payments platform enables and amplifies connections between companies and markets across the globe. The growing global footprint of the 23-year-old payments processor provides customers with the opportunities and capabilities of expanding into new regions, and at scale. They offer a range of solutions, including point-of-sale systems, mobile payment processing, and E-commerce integrations, catering to various industries.

Founded in 2009 with the simple goal of converting bills commonly paid by paper check into online electronic payments, Yapstone’s latest rebrand takes this vision to the next level. SAN FRANCISCO, May 9, 2022 /PRNewswire/ — Payment’s processor, Yapstone, unveils rebrand and redefined approach to localized payments ahead of global expansion. They offer a range of services, including credit and debit card processing, point-of-sale systems, and E-commerce solutions, catering to both small enterprises and larger organizations. Their services aim to enhance operational efficiency and improve cash flow for their clients, making them a noteworthy player in the payment processing landscape. With its technology, Yapstone supports recurring billing, offering robust fraud detection and compliance features that address industry-specific payment challenges.

Furthermore, the enterprises also prioritise the process of building safe and customer-centric services that reduce the complexity and the difficulty of payments. Following this announcement, the customers of both Velo Payments and YapStone will be given the possibility to benefit from faster and more secure payments, as well as reduced transaction fees. Their solution provides property owners, booking platforms, and hosts with an integrated way of accepting payments. The challenges of the STR industry are complex, but we believe payments don’t have to be. The STR industry thrives on innovation, and payments should do the same. By bringing Yapstone into the Velo family, we are uniting two companies that have spent years serving this industry, solving complex challenges, and helping businesses like yours grow.

About Velo PaymentsVelo Payments, Inc., a global leader in the fintech sector, provides an innovative platform that enables businesses to manage and streamline their global payments, delivering real-time transaction data, automated payment workflows, and support for a broad range of payment methods and currencies. Velo Payments and YapStone customers will benefit from faster payments and reduced transaction fees, delivered via a unified advanced global payment management system built on innovative technologies, including Open Banking, agnostic rails, and robust fraud prevention. Through technologies such as Velo’s open banking platform, this merger promises to deliver seamless global payment experiences for businesses and individuals by reducing the https://dreamlinetrading.com/ cost and complexity of payments, especially across borders. Whether you’re a business looking to accept payments online or an individual looking for an easy way to make payments, YapStone is the perfect platform for you. With Yapstone’s comprehensive suite of tools, businesses can save time and money while ensuring secure payments for themselves and their customers.