Victoria’s Beanstream payments firm to become Bambora’s N.A. hub

Credit: Financial Post, Tony Wanless

A B.C. company has become the North American lead for a world-wide company shaking up the global online payments system.

Beanstream, which launched in 2000 to offer then-new online payments, enables businesses – from the smallest to the biggest – to receive and make payments online, in-store and in-app. It boasts the largest payment suite in an industry that grown with the explosion of web buying.

Founded by Victoria technology entrepreneur and former armed forces officer Craig Thomson, who left the company late last year, Beanstream has retained its name, despite being acquired multiple times by ever-larger companies. It has been private, then public and then private again.

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