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Beanstream is Canada's leading provider of authentication and electronic payment processing solutions, including merchant account, credit card, EFT and ACH services.
Beanstream is a wholly owned subsidiary of LML Payment Systems Corp, a Canadian company which is traded on the NASDAQ stock exchange under the symbol LMLP. Based in Victoria, British Columbia, Canada, Beanstream provides payment, risk management and authentication services to nearly 6000 businesses and organizations in Canada and the United States. Our client list includes the leading businesses and organizations in every merchant sector in the country in addition to many small and mid-sized businesses.
We are generally regarded as having the most comprehensive and robust selection of payment, risk and authentication services within the industry.
Beanstream offers a wide selection of fully integrated, bank neutral, credit card, and cash management products. We enhance these core product offerings with best of class risk management and authentication tools.
We link merchants selling products or services, customers wanting to buy them, and financial institutions that transfer funds allowing transactions to take place. In seconds we can process Mastercard, Visa, American Express, Diners and Discover credit cards on behalf of any Canadian and most American merchant card issuers. We also provide payment and authentication services to traditional bricks and mortar merchants who want to use the Internet as a cost effective means of communicating with their bank or credit reporting agency, and to extend the functionality and convenience of their existing products.
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