B2B

NovoPayment sets sights on US market

NovoPayment expects to land its first venture investment soon, just as it's extending its Latin American-focused financial services software business into the U.S.

By Lynne Marek • Sept. 08, 2021

How Square's Afterpay purchase advances its small-business banking goals

Square is "going to turn to all their small-business users and they're going to say, 'We're helping you with accounts receivable and now we can help you with accounts payable,'" says one analyst.

By Anna Hrushka • Aug. 18, 2021

Paymentus agrees to acquire Payveris for $152M

With the acquisition, Paymentus will expand its bill payment network and increase annual net revenue about 25 percent.

By Lynne Marek • Aug. 11, 2021

Synctera partners with Mastercard, Marqeta

Synctera’s new partners will help community banks work with fintechs on new debit card-issuing programs.

By Wendy Cole • Aug. 06, 2021

Klarna acquires Apprl to boost retail marketing

By absorbing Apprl, Klarna will be better able to help retailers create social shopping content and track related sales.

By Tatiana Walk-Morris • Aug. 02, 2021

Fiserv, Goldman strike pact on cross-border payments

Fiserv and Goldman Sachs have agreed to team up on offering cross-border payments in the first phase of a broader payments tie.  

By Lynne Marek • July 27, 2021

Rapyd buys Valitor in $100M deal

Rapyd tapped its venture capital hoard for the acquisition of Volitar, an Icelandic company that will become its European hub.

By Lynne Marek • July 02, 2021

Automating invoices becomes a hot payments play

When the COVID-19 pandemic shifted work to employees' homes, businesses realized they needed a different solution for their check-cutting operations.

By Lynne Marek • July 01, 2021

PayPal to increase merchant fees in August

The company said it's planning to raise some U.S. transaction fees despite a crowd of competitors angling to lure merchants and consumers to alternative payment services. At the same time, it said it would cut a handful of other fees.

By Lynne Marek • June 20, 2021

Goldman Sachs taps Visa for cross-border payment upgrade

The global investment bank is aiming to streamline and enhance cross-border payments for its clients by signing on for Visa's cross-border programs.

By Lynne Marek • June 07, 2021

Mastercard invests in fledgling fintech Synctera

San Francisco-based Synctera, only six months old, draws $33 million from a pack of investors as it takes on the role of matchmaker between small banks and fintechs.

By Lynne Marek • June 03, 2021

SpotOn raises $125M to keep up battle against Toast, Square

"We're always looking for companies to partner with or acquire," said SpotOn Co-CEO Zach Hyman. "It's always a question of build versus buy."

By Lynne Marek • June 01, 2021

Parthenon Capital, Tiger Global fuel payments sector 'boom'

Competition among firms to invest in payment industry companies is driving up fundraising amounts and valuations.

By Lynne Marek • May 28, 2021

Visa expands reach of fintech partnership program

The card network behemoth is doing its part to help banks connect with fintechs that it believes can help bring more business to all the companies moving money through the system.

By Lynne Marek • May 26, 2021

Deep Dive

Fintechs attack cross-border business payments as banks and legacy players rush to innovate

Nonbank fintechs are gaining ground, mainly with small company customers, but target larger ones for cross-border business, even as competition gives way to symbiotic 'coopetition' with larger bank incumbents.

By Suman Bhattacharyya • May 25, 2021

Square may soon offer small-business checking and savings accounts, app code shows

The code indicates the company will not charge monthly service fees, minimum balance fees or overdrafts on its checking account, and will offer a 0.5% interest rate on its savings account through 2021, Bloomberg reported.

By Dan Ennis • May 25, 2021

Payments giant FIS makes another crypto move, expanding in Europe

"We’ll be well-positioned to handle (cryptocurrencies) across the whole ecosystem in the marketplace," FIS President Bruce Lowthers said at a recent industry conference.

By Lynne Marek • May 24, 2021

Square and Plaid partner to provide ACH payments to merchants

Square aims to draw larger merchants to its services with the new offering, while continuing to cater to smaller businesses growing into the middle market.

By Vaidik Trivedi • May 20, 2021

Cedar to acquire OODA Health for $425M to digitize, simplify healthcare bill payments

The two companies join forces to digitize medical bill payment processes after the pandemic increased telemedicine use.

By Vaidik Trivedi • May 19, 2021

Green Dot doubles down on tax refund processing

The fintech will bulk up its tax refund processing services with the acquisition of Republic Bank's tax refund processing unit for $165 million.

By Lynne Marek • May 18, 2021

Marqeta IPO shares pop 13% on first day of trading

Marqeta, which counts payments technology company Square as its largest customer, raised $1.23 billion from the initial public offering.

By Lynne Marek • UPDATED: June 10, 2021 at 8:42 a.m.

EBay taps Payoneer for cross-border multi-currency payments

EBay aims to ramp up cross-border payments through a partnership with Payoneer after an increase in sales during the pandemic.

By Vaidik Trivedi • May 10, 2021

Opinion

Transparency, collaboration needed to spot online transaction fraud

False positives in the battle against e-commerce fraud are depriving retailers, credit card companies and payment processors of revenue on legitimate sales, CMSPI's Toby McFarlane said.

By Toby McFarlane • May 07, 2021

Payments fintechs lure big bucks in first quarter, report says

The payments industry was a particular magnet for money during the first quarter, attracting more than $6 billion worldwide, a CB Insights report found. 

By Lynne Marek • May 05, 2021

Appetize Technologies becomes a player at 15 more stadiums

The company that helps sports stadiums offer mobile and contactless ordering of food, drink and merchandise added five new major league and 10 new minor league venues to its roster as the baseball season gets underway. 

By Vaidik Trivedi • May 04, 2021