B2B: Page 4
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How Trintech arranged an acquisition from Fiserv
“The M&A market has had a lull, but for us this is the right time and we were able to find the right asset,” Trintech CFO Omar Choucair told CFO Dive.
By Maura Webber Sadovi • July 31, 2023 -
Fiserv racks up merchants for pay-by-bank services
The Federal Reserve’s new instant payments system is driving more merchant interest in pay-by-bank capabilities for consumers, a Fiserv executive said.
By Caitlin Mullen • July 31, 2023 -
Wex acquires Ascensus unit for $180M
In addition to the Ascensus health and benefits unit purchase, Wex said it will invest up to $100 million in a new venture arm.
By Lynne Marek • July 28, 2023 -
Mastercard launches B2B virtual card tool
Mastercard teamed with Billtrust to begin offering the new tool, which will automate the process of sending and accepting virtual cards for business-to-business payments.
By Tatiana Walk-Morris • July 26, 2023 -
Payments venture funding skids
Venture capital interest in payments startups plunged in the second quarter, according to a CB Insights report.
By Lynne Marek • July 24, 2023 -
Will payments M&A pick up after slow start?
Despite a flurry of payments acquisitions recently, deal activity was slow in the first half of the year and some factors are still suppressing M&A.
By Caitlin Mullen • July 24, 2023 -
Amex corporate client growth ebbs
U.S. commercial card services volume grew 2% in the second quarter, relative to the year-ago period, American Express said in a Friday earnings report.
By Caitlin Mullen • July 21, 2023 -
Retrieved from Tim Gouw from Pexels.
Payoneer to cut nearly 10% of employees
The cross-border payments company plans to reinvest the savings in future growth, with hiring in research and development.
By James Pothen • July 13, 2023 -
Marqeta expands to Brazil
The corporate card issuer is entering South America by way of a new partnership with Fitbank, as part of broader international expansion ambitions.
By Lynne Marek • July 12, 2023 -
Merchant Lynx Services acquires National Credit Card Processing Group
The purchase gives Merchant Lynx Services a payment acceptance presence in the highway construction and large equipment sector, a Merchant Lynx executive said.
By Caitlin Mullen • July 10, 2023 -
Ramp acquires AI-powered Cohere
The finance automation platform said it acquired the startup to help drive AI-powered projects and solve problems for its customers.
By Rajashree Chakravarty • July 6, 2023 -
FIS to sell Worldpay stake to GTCR
Fidelity National Information Services will sell a 55% stake in Worldpay to the private equity firm GTCR for $11.7 billion, valuing the company at $17.5 billion.
By Lynne Marek • July 6, 2023 -
GTCR makes billion-dollar bid for Worldpay stake: report
Fidelity National Information Services had planned to spin off the merchant processing business Worldpay, but multiple news reports suggest control may be sold instead.
By Lynne Marek • July 5, 2023 -
Visa to acquire Pismo for $1B
Visa said it has agreed to acquire the Brazilian company to provide more card issuing and banking services to fintechs and financial institutions.
By Lynne Marek • June 29, 2023 -
Opinion
B2B must embrace digital payments
“B2B organizations have been slow to adapt to the changing demands and expectations of Gen Z,” writes a payments company vice president. “This is a huge mistake, and it can cost them dearly in the long run.”
By Justin Main • June 22, 2023 -
Flywire shops for bigger acquisitions
The payments company is hunting for acquisitions across deal sizes, CEO Mike Massaro said.
By Caitlin Mullen • June 1, 2023 -
ACI appoints new CEO
ACI has appointed its interim CEO and one-time board chairman, Thomas Warsop, as its next CEO, after pushing out its former CEO late last year.
By Lynne Marek • May 31, 2023 -
FIS CEO sizes up competition
CEO Stephanie Ferris pointed to Adyen as a major Worldpay competitor and talked about losing out on the retail side to Square and Clover.
By Lynne Marek • May 31, 2023 -
Bill Holdings discloses ‘material weakness’
Despite that finding, the company noted an independent auditor’s evaluation of the company’s 2022 financial statements “remains unchanged.”
By Caitlin Mullen • May 19, 2023 -
Worldpay spin-off hands FIS mixed bag
The payments processing and technology company will keep a stake in the Worldpay unit, but take on higher-interest-rate debt.
By Lynne Marek • May 18, 2023 -
Retrieved from Global Payments Spokesperson Matt Cochran on September 10, 2021
Global Payments execs hint at B2B acquisition
Global Payments isn’t looking for more acquisitions — except in the B2B space, its outgoing CEO said.
By Caitlin Mullen • May 17, 2023 -
Opinion
How to advance cross-border B2B payments
“Regional regulatory bodies must work together on common financial standards that support multilateral payment systems if we are to make progress,” writes one payments professional.
By Scott Frisby • May 15, 2023 -
Everee takes on EWA providers
The payroll provider is angling to disrupt the earned wage access companies that have been making it easier for employers to offer workers on-demand pay.
By Lynne Marek • May 11, 2023 -
Payoneer hunts for acquisitions
Payoneer is considering acquisitions that could extend product offerings or expand its footprint in emerging markets.
By Caitlin Mullen • May 9, 2023 -
PayPal growth driven by Braintree
PayPal's Braintree unit is bolstering the company's growth, but that expansion isn't as profitable as building its legacy business.
By Lynne Marek • May 9, 2023