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Valitor is an acquirer, card issuer and payment gateway solutions[buzzword] company headquartered in Hafnarfjörður, Iceland. Valitor is Visa's and Mastercard's partner in Iceland and offers various online and e-commerce solutions[buzzword] internationally.[1]
| Company type | Private |
|---|---|
| Industry | Electronic Payment Services |
| Founded | 1983 (as Visa Iceland) |
| Headquarters | , |
| Services | Payment Services, Payment gateway |
| Website | www |
This article may rely excessively on sources too closely associated with the subject, potentially preventing the article from being verifiable and neutral. (June 2021) |
History
Valitor was founded in 1983 by five banks and thirteen savings banks under the name Visa Iceland.[2][3]
In 2007 Greiðslumiðlun hf. changed its name to Valitor in a move to further its international services.[4]
On 7 December 2010, following the leak of the US diplomatic cables in February 2010 and the leak of Afghan War documents in July 2010, Valitor suspended payments towards the data company DataCell, the company processing donations for WikiLeaks.[3] On 12 July 2012 a Reykjavík court ruled that Valitor had to start processing donations within fourteen days[5] on pain of daily fines to the amount of ISK 800,000 for each day after that time, to open the payment gateway. Valitor also had to pay DataCell's litigation costs of ISK 1,500,000.[6]
In July 2017, Valitor buys UK based Chip & PIN Solutions. [7]
In April 2020, Valitor courted controversy as it was accused of using the COVID-19 pandemic to sack staff. The issue arose when Valitor fired 14 entry level staff at its Glasgow branch, claiming they were “restructuring the business”. However, the company is said to have kept on all its HR and senior management by putting them on furlough. [8]
References
- ^ "About Us", valitor.com. Retrieved 18 July 2013.
- ^ http://www.mbl.is/greinasafn/grein/18650/
- ^ a b "Wikileaks has launched a case against Valitor hf. (formerly Visa Iceland)", WikiLeaks, 21 June 2012. Retrieved 31 July 2012.
- ^ http://www.mbl.is/vidskipti/frettir/2007/09/10/greidslumidlun_visa_islands_verdur_valitor/
- ^ "Tvingas öppna för Wikileaksdonationer" (in Swedish) Sveriges Television, 12 July 2012. Retrieved 30 July 2012.
- ^ "Judgement Reykjavík District Court, 12 July 2012 in case number E-561/2012: Datacell ehf.", English translation of judgment. Retrieved 9 November 2012.
- ^ https://www.finextra.com/pressarticle/69943/valitor-buys-chip--pin-solutions
- ^ https://www.deadlinenews.co.uk/2020/04/06/one-of-uks-largest-retail-merchant-services-company-slammed-for-using-pandemic-to-sack-staff/
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