Credorax owns licenses to be a direct acquirer in Malta (covering all of the European Union) and Japan and expects to receive a license in the U.S. by year-end. The company started in 2007 as a payment service provider (PSP), linking to local acquirers in all the markets where it needed to make a settlement with its merchant customers. In 2011 it shifted focus to direct acquiring, using its own sales force as well as offering settlement services to PSPs and ISOs that link all of their merchants to Credorax through a single API. Currently, Credorax data centers in the U.S. and Germany handle...