Allied Wallet
| File:Allied Wallet logo.png | |
Type of site | Private |
|---|---|
| Founded | 2002 |
| Headquarters | Los Angeles, California, U.S. |
| Area served | Worldwide |
| Founder(s) | Andy (Ahmad) Khawaja |
| Industry | E-commerce |
| Products | Merchant services Payment card processing Digital wallet ACH processing Gateway service provider Pre-paid cards Fraud detection |
| Website | alliedwallet |
Allied Wallet, Inc. is a provider of e-commerce merchant services and online payment processing services, enabling business owners to accept credit cards and other payments on their websites.
History[edit]
Allied Wallet was founded by businessman Andy Khawaja in 2002.[1] He resigned from being a vice president of men's fashion company Bernini in 2001 and hired a group of developers to implement his online payment processing company plan.[2] Khawaja did not rely on investors' money to start the company, using his own money instead.[1]
In 2013, the company was forced to disgorge $13 million following an FBI investigation of the online poker industry.[3]
In August 2018, the Associated Press reported that the business had assisted dubious businesses like debt collectors, offshore gambling operations, and phone-sex businesses receive credit card payments, sometimes by setting up shell companies and fake websites. The company denied engaging in money laundering or any other illegal activities.[3]
The AP also reported that Khawaja used profits from the business to donate around $4,000,000 to Hillary Clinton's 2018 presidential campaign, and then donated 1 million to Donald Trump's inaugural committee.[3]
Operations[edit]
Allied Wallet reports over 150 million customers in 196 countries and processes 164 currencies.[4] The company uses a secure Internet payment mechanism like PayPal. It forecast $55 billion (£36 billion) of transactions in 2013.[1]
It is a licensed issuer and acquirer of Visa[5] and MasterCard.[6] It also handles peer-to-peer money moves and smartphone payments.[1]
References[edit]
- ↑ 1.0 1.1 1.2 1.3 Sikimic, Simona (Apr 19, 2013). "Meet the eccentric behind multi-billion-dollar e-commerce giant Allied Wallet". LondonlovesBusiness. Archived from the original on 2015-04-23. Retrieved 2015-04-23.
- ↑ Martindale, Nick (Summer 2014). "No pay, no gain: How Allied Wallet founder Andy Khawaja fought to build up his online payments empire" (PDF). New Business. Archived (PDF) from the original on 2015-04-24. Retrieved 2015-04-23.
- ↑ 3.0 3.1 3.2 Pearson, Jake; Horwitz, Jeff (August 2, 2018). "How a business serving bettors, porn donated to Dems, Trump". AP News.
- ↑ Adams, John (Nov 21, 2013). "Allied Is Building Biometrics for Mobile Wallets". PaymentsSource. SourceMedia. Archived from the original on April 23, 2015. Retrieved Apr 23, 2015.
- ↑ "Allied Wallet becomes a Visa Acquirer and Principal Member".
- ↑ "Finextra: Allied Wallet becomes MasterCard principal member".
External links[edit]
- Official website
- "Allied Wallet Review". Card Payment Options. Nov 13, 2013. Retrieved May 1, 2015.
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