Payoneer Acquires Armor Payments

March 16, 2016 | Israeli payment platform Payoneer has completed its acquisition of California-based Armor Payments, a business-to-business payments provider offering Escrow-as-a-Service (EaaS). Terms of the deal were not disclosed. “The acquisition will enable buyers and sellers, whether transacting directly or through B2B marketplaces, to reduce the uncertainty and risk associated with high-value B2B purchases by making secure, online escrow payments anywhere in the world,” according to Payoneer. Payoneer was founded in 2005 by Ben Yaniv Chechik and Yuval Tal.