Checkout.com, a global digital payments company, announced a partnership with Visa to enable card issuing capabilities across its platform for merchants in the UK and Europe.
Checkout.com’s Visa travel card issuing capabilities will “provide merchants with access to Visa’s global issuing rails, empowering them to launch physical and virtual Visa cards through Checkout.com’s platform.”
Checkout.com’s payment technology, engineered to “process tens of billions of transactions annually for the world’s e-commerce merchants and Visa’s payment network are the cornerstone of this offering.”
For merchants in the travel sector, this card issuing capability “enhances treasury efficiency by eliminating pre-funding requirements, significantly improving cash flow, and enabling superior spend control.”
Travel businesses often struggle with “fragmented and complex payment processes that fail to connect funds collected from their consumers with the capital required to pay their hospitality and travel partners.”
With Checkout.com offering both “acquiring and issuing on the Visa network, along with advanced issuer processing on the same network, merchants can address these critical pain points.”
Funds acquired by Checkout.com are instantly “made available to pay Checkout.com’s partners, removing friction and significantly enhancing capital efficiency.”
Antony Cahill, CEO of Visa Europe:
“Our partnership with Checkout.com brings card issuing solutions to the sector, enabling travel businesses to operate with greater efficiency … and improved capital management.”
In another update, Checkout.com announced a new partnership with TeamSystem, Italy’s digital business management software provider, which “reported €1 billion in revenue in 2024 (+19% vs 2023).”
The partnership supports TeamSystem’s mission to bring digital advancements into every business, “aligning with Checkout.com’s commitment to empowering companies to thrive in the digital economy.”
Serving over 2.5 million clients across Italy, TeamSystem provides cloud-based ERP and fintech solutions “designed to enhance the competitiveness of micro, small, and medium-sized enterprises (SMEs) and professionals.”
With a focus on digital products, TeamSystem plays a “pivotal role in driving business efficiency and digital adoption across Italy’s SME landscape empowering businesses with digital payment solutions.”
This is evident in the over 500 million invoices “processed and $1 trillion in transactions annually, solidifying TeamSystem’s leadership in the payments landscape.”
In choosing Checkout.com as a partner capable of “meeting its specific needs, TeamSystem has enhanced its payments infrastructure.”
This modern solution now delivers “operational efficiency while supporting evolving scheme requirements and regional compliance standards.”
At the core of the partnership is a shared commitment to improving payment performance. TeamSystem is leveraging Checkout.com’s Intelligent Acceptance technology, which “uses machine learning models to optimise transaction routing and drive higher acceptance rates.”
These enhancements help minimise “failed transactions and unlock greater revenue across TeamSystem’s payment flows.”
Features such as real-time account updates, secure tokenization and fraud protection contribute “to a more reliable payment experience for TeamSystem’s client base.”
With plans to expand into Spain and France over the next 18 months, TeamSystem is laying the groundwork “for sustained international growth.”
The partnership with Checkout.com not only “supports this trajectory but also empowers TeamSystem to enhance the payments capabilities offered to its customers across sectors.”
As part of this collaboration, Checkout.com and TeamSystem are working with international card networks, “including Visa and Mastercard, to ensure the solution meets the standards for acceptance, security, and performance across markets.”