Since 2000, Beanstream Internet Commerce has provided payment, risk management and authentication solutions to some of North America’s leading companies and institutions.
Beanstream has forged relationships with major financial institutions, built a network of over 600 partners and 17,000 merchants, and provides white label solutions for First Data Canada, and TD Bank, and Sage Payroll. Customers include both online merchants and brick and mortar merchants, government, financial institutions and higher education.
Beanstream is situated in Victoria, British Columbia, Canada, and employs about 50 people.
ACQUISITION BY DIGITAL RIVER
In January 2013, Digital River, Inc. acquired LML Payment Systems and its subsidiaries Beanstream Internet Commerce Inc. (Canada) and Beanstream Internet Commerce Corp. (USA).
Digital River was founded in 1994. As a revenue growth expert in global cloud commerce, the company builds and manages online businesses for software and game publishers, consumer electronics manufacturers, distributors, online retailers and affiliates. Its multi-channel commerce solution, which supports both direct and indirect sales, is designed to help companies of all sizes maximize online revenues as well as reduce the costs and risks of running a global commerce operation. The company’s comprehensive platform offers site development and hosting, order management, global payments, cloud-based billing, fraud management, export controls, tax management, physical and digital product fulfillment, multi-lingual customer service, advanced reporting and strategic marketing services.
Digitalriver.com trades on the NASDAQ stock exchange under the symbol DRIV.
A POWERFUL COMBINATION
Following the acquisition, the combined companies now manage payments activities of over $20 billion in annual online transactions and have over 60,000 clients worldwide. The power of Digital River’s and Beanstream’s integrated technologies maximize our client’s business growth with comprehensive, robust global online payment solutions other providers simply can’t offer.