Paymentology

Paymentology is a global issuer-processor that provides a cloud-native platform for issuing and processing physical and virtual cards. The company serves digital banks, retail banks, fintechs, and telecommunication companies, enabling them to launch and manage debit, prepaid, credit, and hybrid card programs worldwide. Its business model is based on offering its technology, which features a multi-cloud platform with shared and dedicated processing, real-time data feeds, and connections to major payment networks like Visa, Mastercard, and Union Pay.

The company's history began with the 2021 merger of two firms: Paymentology UK and Tutuka. Paymentology UK was founded in 2015 by Shane O'Hara and Akshay Patel and pioneered cloud-first processing in Europe. Shane O'Hara, who previously co-founded Global Processing Services (GPS), established Paymentology to address a market need for more flexible and scalable issuer-side payment processing. Tutuka was a prominent issuer processor based in South Africa. In March 2021, the merged entity was acquired by Teya (formerly SaltPay). Jeff Parker currently serves as the CEO, with Rowan Brewer as Founder and Chairman.

Paymentology's platform is designed to be API-first, allowing for rapid integration and speed to market for its clients, with live programs often launching within weeks. Its core services include a system for processing authorizations, a decision engine for spend controls, fraud detection, and detailed transaction analytics that provide over 120 data points per transaction. The company also offers specialized solutions like numberless cards, tokenization, and a modern credit ledger for revolving credit and Buy Now, Pay Later (BNPL) products. By operating in over 60 countries with local support teams, Paymentology can deploy solutions that adhere to regional data security regulations while maintaining a single global code base.

Keywords: issuer-processor, card issuing, payment processing, fintech solutions, cloud-native payments, virtual cards, debit card processing, credit card processing, prepaid cards, API-first platform, payment technology, financial infrastructure, tokenization, embedded finance, digital banking, card program management, BNPL solutions, payment networks, real-time data, global payments