Predict your next investment

INTERNET | Internet Software & Services / Payments
authorizenet.com

See what CB Insights has to offer

Founded Year

1996

Stage

Acquired - II | Acquired

Total Raised

$6M

Valuation

$0000 

Revenue

$0000 

About Authorize.Net Corporation

Authorize.Net Corporation is an eCommerce payment authorization service.

Authorize.Net Corporation Headquarter Location

915 South 500 East Suite 200

American Fork, Utah, 84003,

United States

801-492-6450

Latest Authorize.Net Corporation News

06:00 ET Payment Gateway Market Revenue to Hit $60 Bn by 2027; Global Market Insights Inc.

Jul 22, 2021

Some of the major payment gateway market players are 2Checkout.com, Adyen N.V., Allied Wallet, Amazon, Authorize.Net, Bitpay, BluePay, BlueSnap, Braintree, CardStream Limited, Dwolla, Payline Data Services, Payoneer, PayPal Holdings, PayU Group, SecurionPay, Skrill Limited, Square, Stripe, Verifone Holdings, Wepay, and Worldpay News provided by Share this article Share this article SELBYVILLE, Del., July 22, 2021 /PRNewswire/ -- Global Market Insights Inc. has recently added a new report on the payment gateway market, which estimates the market valuation  for payment gateway will cross US $60 billion by 2027 due to increasing demand for secure digital payments and mobile payment technology. Payment Gateway Market size is set to surpass USD 60 billion by 2027, according to a new research report by Global Market Insights Inc. Rising internet penetration across the globe is boosting the payment gateway market demand. The increasing internet penetration is enabling customers to use various digital payment methods such as net banking and mobile wallets. The security of online transactions is the major challenge faced by both customers and businesses. The payment gateway helps businesses to perform online transactions in a more secure way. The growing demand for various smartphone-based digital payment apps is also supporting the payment gateway market growth. Request a sample of this research report at  https://www.gminsights.com/request-sample/detail/5077   The local bank integrated payment gateway type is expected to grow at a 15% CAGR till 2027 due to growing digitalization across banks. The local bank integrated payment gateway directs customers to banks during the financial transaction, where users can add their financial credentials. This type of payment gateway is quick and easy to set up, making it ideal for SMEs. The SMEs held the market share over 60% in 2020 due to the growing adoption of digital payment solutions across SMEs. SMEs are using digital payment solutions to avoid long queues of customers. The digital payment is also faster than traditional manual payment methods, helping SMEs to improve their customer experience. Digital payments also enable SMEs to reduce the risks, such as thefts, arising due to physical security breaches at their premises. The media & entertainment industry is expected to grow significantly over the forecast period in the payment gateway market. This market growth is attributed to the increasing adoption of advanced technologies, such as IoT and AI, across the media & entertainment industry. The entertainment industry is emphasizing improving the customer experience by providing digital payment services at movie theatres, amusement parks, and plays. Europe's payment gateway market  size is projected to generate revenue of over USD 15 billion by 2027. The growth is attributed to increasing digitalization across the financial sector in the region. The major banks are deploying various digital solutions to improve their customers' banking experience. The increasing number of internet banking users in the region is another factor fueling the market. The companies operating in the market are focused on partnering with digital payment solution providers to expand their payment gateway capabilities. For instance, in March 2021, PayPal partnered with Cashfree, an India-based payment and banking technology company, to enable international payments for merchants across 200 countries. This partnership helped the company to strengthen its position in the payment gateway market. Some major findings of the payment gateway market report include: Growing smartphone penetration is supporting the demand for online banking apps and digital payments. Rising shift of consumers toward online shopping is also fueling the payment gateway market. Europe is anticipated to hold a significant market share for the payment gateway market due to increasing digitalization across the financial sector in the region. The companies operating in the market are focusing on development of secure payment gateways to support secure digital transactions. Request for customization of this research report at  https://www.gminsights.com/roc/5077 Partial chapters of report table of contents (TOC): Chapter 3. Payment Gateway Industry Insights                    3.1. Introduction                         3.6.2. Anti-Money Laundering Directive 2015/849/EU (AMLD)                         3.6.3. Dodd-Frank Wall Street Reform and Consumer Protection Act                         3.6.4. European Market Infrastructure Regulation (EMIR)                         3.6.5. Federal Information Security Management Act (FISMA)                         3.6.6. Foreign Account Tax Compliance Act (FATCA)                         3.6.7. General Data Protection Regulation (GDPR)                         3.6.8. Health Insurance Portability and Accountability Act (HIPAA)                         3.6.9. Markets in Financial Instruments Directive (MiFID)                         3.6.10. North American Electric Reliability Corp. (NERC) standards                         3.6.11. Payment Card Industry Data Security Standard (PCI DSS)                         3.6.12. The Gramm-Leach-Bliley Act (GLB) Act of 1999                         3.6.13. The Sarbanes-Oxley Act of 2022                    3.7. Technology and innovation landscape                         3.7.1. Application Processing Interface (API)                         3.7.2. Blockchain                         3.7.4. Biometrics

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Expert Collections containing Authorize.Net Corporation

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Authorize.Net Corporation is included in 1 Expert Collection, including Fintech.

F

Fintech

7,165 items

US-based companies

Authorize.Net Corporation Patents

Authorize.Net Corporation has filed 4 patents.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/4/2009

10/18/2011

Fraud, Business intelligence, Payment service providers, Online payments, Crimes

Grant

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

00/00/0000

00/00/0000

Subscribe to see more

Subscribe to see more

Subscribe to see more

Application Date

9/4/2009

00/00/0000

00/00/0000

00/00/0000

Grant Date

10/18/2011

00/00/0000

00/00/0000

00/00/0000

Title

Subscribe to see more

Subscribe to see more

Subscribe to see more

Related Topics

Fraud, Business intelligence, Payment service providers, Online payments, Crimes

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Grant

Subscribe to see more

Subscribe to see more

Subscribe to see more

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.