 | |
| Company type | Private |
|---|---|
| Industry | Electronic Payment Services |
| Founded | 1983 (as Visa Iceland) |
| Headquarters | , |
| Services | Payment Services, Payment gateway |
| Website | www |
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 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, Valitor 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]
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]
Visa Inc. is an American multinational payment card services corporation headquartered in San Francisco, California. It facilitates electronic funds transfers throughout the world, most commonly through Visa-branded credit cards, debit cards and prepaid cards.
Mastercard Inc. is an American multinational payment card services corporation headquartered in Purchase, New York. It offers a range of payment transaction processing and other related-payment services. Throughout the world, its principal business is to process payments between the banks of merchants and the card-issuing banks or credit unions of the purchasers who use the Mastercard-brand debit, credit and prepaid cards to make purchases. Mastercard has been publicly traded since 2006.
Laugardalsvöllur is Iceland's national football stadium and the home venue for the Iceland national football team. It is in Reykjavík with a capacity of 9,500, or about 28,321 for concerts.
Skrill is part of Paysafe Limited, a global payments platform. It is one of Paysafe's digital wallet brands and was established in 2001 to offer multiple online payment and money transfer services. Skrill operates in more than 100 countries with the digital wallet offered in more than 40 currencies. The company facilitates multiple payment options including card payments, bank transfers and local payment methods. The funds in a Skrill account can then be used to pay merchants and other Skrill users or converted into cryptocurrency.
Network for Electronic Transfers, colloquially known as NETS, is a Singaporean electronic payment service provider. Founded in 1986 by a consortium of local banks, it aims to establish the debit network and drive the adoption of electronic payments in Singapore. It is owned by DBS Bank, OCBC Bank and United Overseas Bank (UOB).
Eagle Air was an Icelandic airline. It was based at Reykjavík Airport and offered domestic flights, charter services, and adventure tours in Iceland.
PayMate is a business-to-business (B2B) digital and financial services company headquartered in Mumbai.
Zettle by PayPal is a Swedish financial technology company founded by Jacob de Geer and Magnus Nilsson in April 2010. Launching its first app and service in 2011, the company offers a range of financial products including payments, point of sales, funding and partners applications. The company was acquired by PayPal in 2018.
Carta Worldwide is a Canadian financial technology company that offers digital payments technology and modern card issuer processing for banks and financial technology "fintech" companies. In addition to their Canadian headquarters in Toronto, Carta has offices in London, Casablanca, and Charlottetown, PEI. Carta operates internationally, providing financial technology and digital payment software and cloud API issuer processing.
Fintech, a portmanteau of "financial technology", refers to the application of innovative technologies to products and services in the financial industry. This broad term encompasses a wide array of technological advancements in financial services, including mobile banking, online lending platforms, digital payment systems, robo-advisors, and blockchain-based applications such as cryptocurrencies. Fintech companies include both startups and established technology and financial firms that aim to improve, complement, or replace traditional financial services.
Sigurdur Ingi Thordarson, commonly known as Siggi hakkari, is an Icelandic convicted criminal and FBI informant against WikiLeaks. He is known for information leaks, multiple cases of fraud and embezzlement, sexual solicitation of minors and adults. He has multiple convictions for sexual offences.
Kristófer Acox is an Icelandic basketball player for Valur of the Úrvalsdeild karla and a member of the Icelandic national basketball team, with whom he participated in the EuroBasket 2017. As a member of KR, he won the Icelandic championship three times in a row from 2017 to 2019. In 2022, he added his fourth championship, this time with Valur and in 2023, he won the Icelandic Cup for the first time.
Sigurður Gunnar Þorsteinsson is an Icelandic former basketball player. Nicknamed Ísafjarðartröllið, he won the Icelandic championship four times during his career, in 2008, 2012, 2013 and 2023. Outside of Iceland, Sigurður has played professionally in Greece and Sweden.
SumUp is a global financial technology company headquartered in London, United Kingdom. SumUp supports more than 3.5 million merchants in over 30 markets worldwide, and operates business tools created specifically for the micro and nano segment.
PayU is a Netherlands-based payment service provider to online merchants. The company was founded in 2002, and is headquartered in Hoofddorp. It allows online businesses to accept and process payments through payment methods that can be integrated with web and mobile applications. As of 2018, the service is available in 17 countries. The firm is owned by the Naspers Group, which also owns a stake in one of its sister companies, Tencent.
The Centre Party is a Nordic agrarian, populist and conservative political party in Iceland, established in September 2017. It split from the Progressive Party due to leadership disputes, when two factions decided to band up as a new party before the 2017 Icelandic parliamentary election. The Centre Party belongs to the Nordic agrarian party family; like many parties in Iceland, is Eurosceptic.
Google Pay is a mobile payment service developed by Google to power in-app, online, and in-person contactless purchases on mobile devices, enabling users to make payments with Android phones, tablets, or watches. Users can authenticate via a PIN, passcode, or biometrics such as 3D face scanning or fingerprint recognition.
Knattspyrnufélagið Hörður, commonly known as Hörður or Hörður Ísafjörður, is an Icelandic multi-sport club from the town of Ísafjörður. It was founded in 1919 as a football club but since 1933 it has fielded other departments, most prominently in handball, track & field, skiing and Icelandic wrestling.
Arctica Finance is an Icelandic securities brokerage firm headquartered in Reykjavík. It was established in 2008 by former key employees of Landsbanki, which failed during the 2008–2011 Icelandic financial crisis.
The adoption of plug-in electric vehicles in Iceland is the second highest in the world after Norway, and fully supported by the government. As of 2022, the market share of electric vehicles in Iceland is around 60%, the second-highest in the world behind Norway. Around 14% of the country's passenger car fleet is electrified as of 2022.
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