In the news
Recent news
January 10, 2013 - Digital River completes acquisition of LML Payment Systems
Digital River, Inc. (NASDAQ: DRIV), the revenue growth experts in global cloud commerce, announced that it has completed its previously-announced all-cash acquisition of LML Payment Systems Inc. (NASDAQ: LMLP). Read more>
December 14, 2012 - Beanstream completes PCI DSS audit
Beanstream Internet Commerce today announced that it has again completed the rigorous Payment Card Industry Data Security Standard (PCI DSS) Level 1 audit created and invigilated by the PCI Security Standards Council. Read more>
September 24, 2012 - Digital River to acquire LML Payment Systems
Digital River, Inc. (NASDAQ: DRIV), the revenue growth experts in global cloud commerce, and LML Payment Systems Inc. (NASDAQ: LMLP), a leading provider of electronic payment processing, risk management and authentication services, announced the signing of a definitive agreement whereby Digital River will acquire LML Payment Systems Inc. in an all cash transaction valued at U.S.$ 3.45 per share, or an aggregate purchase price of approximately U.S.$ 102.8 million. Read more>
August 13, 2012 - Beanstream Internet Commerce named a Sage Endorsed/OEM Partner of the Year for 2012
Beanstream Internet Commerce, a Sage North America Endorsed/OEM partner, whose suite of Sage Simply Accounting payments solutions have met rigorous strategic, technology and integration criteria, has been named a Sage OEM and Endorsed Development Partner of the Year for 2012. Read more>
June 28, 2012 - Beanstream successfully completes SSAE 16 Type 2 audit
Beanstream Internet Commerce successfully completed a Statement on Standards for Attestation Engagements (SSAE) No. 16 Type 2 audit. Assessed by auditors from Auditwerx, an international provider of assurance and compliance services, this compliance standard is a validation of Beanstream’s commitment to hold to the highest industry standards for data protection and network security. Read more>
March 14, 2012 - LML subsidiary transforms mobile phones into secure, multicurrency card terminal and portable cash register
Beanstream has begun limited distribution of an innovative multicurrency, multiprocessor mobile card acceptance product with enhanced credit card swipe technology and cash/check handling capabilities. The Beanstream application puts a unique spin on technology that allows merchants to swipe credit cards directly on their iPhone, iPad, iPod touch and Android devices. Read more>
July 11, 2011 - LML subsidiary streamlines Edmonton Transit System AIR MILES rewards miles Program
Beanstream has delivered an innovative AIR MILES® rewards miles solution for City of Edmonton, Edmonton Transit System (ETS). The custom shopping cart software automates online delivery of the ETS AIR MILES® program, making it easier to generate loyalty among transit users purchasing monthly passes or ticket strips online. Read more>
June 6, 2011 - LML Subsidiary Beanstream introduces new global transaction product suite allowing merchants to accept payments from around the world
Beanstream has launched a multi-currency processing system capable of offering credit card ecommerce services in up to 150 currences. Beanstream’s unique service includes simple settlement options for US based merchants along with full international gateway capabilities. Read more >
February 15, 2011 - First Data selects LML subsidiary Beanstream to drive its payment platform in Canada
Beanstream technology has been selected to drive First Data’s eCommerce solution in Canada. The partnership enables the Canadian financial institution to offer clients the ability to accept payments through a variety of online transaction processing including online forms, shopping carts, and other electronic billing tools. Read more >
January 11, 2011 - Beanstream and Sage Simply Accounting partner to provide enhanced direct payment service
Sage Simply Accounting Direct Payment service launched new Vendor Direct Deposit and Customer Pre-Authorized Debit Payment options through further use of Beanstream technology in 2011. Subscribers can now pay bills by directly depositing money into their vendors’ bank accounts, and debit customers for fees owing. Read more >
Older Releases
- May 1st, 2007 - Beanstream acquired by LML Payments Systems
- March 31st, 2007 - Beanstream completes CISP audit
- December 8th, 2006 - Beanstream certifies for INTERAC® Online
- December 7th, 2006 - Beanstream named to VIATEC 25 Top Technology Companies
- September 18th, 2006 - Beanstream adds two new executives
- June 15th, 2006 - Beanstream passes 5000 merchant milestone
- March 31st, 2006 - Beanstream completes CISP audit
- January 23rd, 2006 - ATB Financial selects Beanstream for application processing and ID verification
- October 9th, 2005 - Beanstream completes PCI DSS audit
- October 4th, 2005 - Beanstream certifies for Mastercard SecureCode
- September 19th, 2005 - Beanstream certifies with Paymentech Canada
- July 12th, 2005 - Lotto 6/49 and Lotto Super 7 lead lottery games online
- March 28th, 2005 - Beanstream to provide eStorebuilder shopping cart solutions
- March 4th, 2005 - Beanstream enhances Simply Payroll Service
- November 10th, 2004 - Canada Post uses Beanstream for electronic change of address service (ECOA)
- September 6th, 2004 - Beanstream “makes the cut”
- August 28th, 2004 - Beanstream certifies gateway with Global Payments USA
- June 29th, 2004 - Beanstream achieves MCCP certification
- April 28th, 2004 - Fabio Banducci to join Beanstream board
- March 15th, 2004 - Beanstream certifies with Vital Processing Services
- January 15th, 2004 - Beanstream certifies with Paymentech
- January 8th, 2004 - Beanstream to ‘power’ Hydro One