Ryvyl is a financial technology company that enables merchants to accept credit card payments by functioning as an intermediary between merchants and acquiring banks through a BIN sponsorship arrangement. The company manages the full merchant lifecycle—including underwriting, onboarding, risk monitoring, customer support, and technical services—while leveraging external partners for transaction processing and settlement, allowing it to serve underserved and higher-risk merchant segments such as retail, educational institutions, insurance, and adult entertainment. Credit card payment processing generates the substantial majority of revenues, while the company has recently launched NEMS Core, an internally developed global disbursements platform designed to automate inbound and outbound payment flows as a complement to its core acquiring services.