Beanstream said using its technology, First Data will be able to offer Canadian merchants the ability to accept payments through a variety of online transaction processing tools, including website forms, shopping carts, recurring billing, batch processing, and a virtual terminal for internet, mail order/telephone order and other non face-to-face processing applications.
Through the relationship with Beanstream, First Data will also provide merchants with the option to accept Interac Online payments through their websites.
LML president Craig Thomson said Beanstream has developed a scalable payment platform that can adapt to the custom requirements of larger institutions.
"We are pleased to have been selected by First Data, a global leader in payment processing, and welcome this opportunity to expand our presence in the Canadian market," Thomson said.