Splitit targets tech assets for acquisition

Splitit isn’t interested in being acquired, but the BNPL provider believes there may be assets ripe for the picking amid consolidation.

By Suman Bhattacharyya • Jan. 19, 2023

Payoneer tees up Webster Bank exec for CFO

Webster Bank alum Bea Ordonez will take the payments company’s finance reins in March after current CFO Michael Levine steps away from the role.

By Grace Noto • Jan. 19, 2023

These payments companies could be acquisition targets

With industry acquisitions ramping up this year, payments analysts have pinpointed a pack of potential payments company targets.

By Caitlin Mullen • Jan. 12, 2023

Amex acquires B2B automation company Nipendo

The acquisition is the latest B2B move for the card company, which expects Nipendo’s capabilities to strengthen its position in that market. 

By Caitlin Mullen • Jan. 12, 2023

Paya purchase bolsters Nuvei for economic downturn

With its expansion in the U.S. and markets less susceptible to a decline in consumer demand, Nuvei is adding protection against a downturn.

By Lynne Marek • Jan. 11, 2023

Fintech funding tumbled in 2022

U.S. fintech funding for the fourth quarter of 2022 was down nearly 80% compared to the same quarter in 2021, CB Insights said Wednesday.

By Caitlin Mullen • Jan. 11, 2023

Amazon expands ‘Buy with Prime’ to all US merchants

With help from Saas platform BigCommerce, the e-commerce giant is even looping sellers outside its own marketplace into its ecosystem.

By Daphne Howland • Jan. 11, 2023

Nuvei to acquire Paya for $1.3B

Nuvei’s acquisition of the Atlanta company will strengthen its position in global e-commerce, integrated payments and B2B, CEO Philip Fayer said.

By Caitlin Mullen • Jan. 9, 2023

Cargo payment firms duel in court

CargoSprint and PayCargo have battled for years over antitrust violations, intellectual property and trademark infringement, among other nettlesome issues.

By Robert Freedman • Jan. 9, 2023

Clearing House, Swift appoint top executives

The companies tapped new leaders as they seek to build international cross-border payment systems amid rising global competition.

By Tatiana Walk-Morris • Jan. 5, 2023

Payments deals may climb in 2023

While the number of deals in the payments industry declined 14% last year, and even more by value, there are reasons to believe 2023 will be more active.

By Lynne Marek • Jan. 4, 2023

Billtrust appoints new CEO

The payments processing software company tapped Sunil Rajasekar for the top post as it moves forward under new ownership.

By Tatiana Walk-Morris • Dec. 20, 2022

Brex maintains hiring for key roles, some replacements

The fintech doesn't anticipate workforce reductions in 2023, but the broader industry isn’t done with job cuts, predicts Chief People Officer Angela Crossman.

By Caitlin Mullen • Dec. 13, 2022

Shift4 buys European payments provider for $126M

The purchase of Online Payments Group will bolster Shift4’s international expansion plans, the company's CEO said last week.

By Caitlin Mullen • Dec. 5, 2022

Amex debuts B2B payments system

The card company is adding to its product line-up in an attempt to cater to small businesses as they try to recover from COVID-19 pandemic lows and face inflationary pressures.

By Tatiana Walk-Morris • Dec. 1, 2022

Visa’s next CEO sees a world of growth

Ryan McInerney, who will become CEO of the card network juggernaut next year, recently detailed the areas where he sees opportunities for the company.

By Lynne Marek • Nov. 21, 2022

Visa names new CEO for next year

Visa President Ryan McInerney will become the card network company’s next CEO next February as Al Kelly exits that role to become executive chairman.

By Lynne Marek • Nov. 18, 2022

Construction payments firm Billd lands $100M credit line

The debt facility will feed two of the company’s app-based cash flow products.

By Matthew Thibault • Nov. 18, 2022

CEOs Sound Off: Payments forecasts for 2023

The CEOs of Brex, Splitit and Paystand weigh in on what’s to come in the year ahead, commenting on the trends, challenges, regulation and M&A.

By Caitlin Mullen , Lynne Marek • Nov. 16, 2022

Wex readies for acquisitions

Acquisitions are part of Wex CEO Melissa Smith’s annual growth goals, and the deteriorating economy could present attractive targets, she said.

By Lynne Marek • Nov. 11, 2022

Green Dot CEO taps new team

The payment services company’s recently appointed CEO brought on his own team this week, naming a new CFO, COO and chief revenue officer.

By Lynne Marek • Nov. 11, 2022

Marqeta lands new client, faces questions on Block

While the company said this week that it won new business from a fintech backed by Walmart, it also faced questions over contract renewals for its biggest customer, Block. 

By Lynne Marek • Nov. 10, 2022

ACI Worldwide fires CEO

Odilon Almeida had served as the payments company’s president and CEO since March 2020 and will be succeeded temporarily by board chairman Thomas Warsop.

By Caitlin Mullen • Nov. 9, 2022

FIS targets $500M in cost cuts

The digital payments company is aiming to cut costs by streamlining operations, reducing capital expenditures and pulling back on vendor contracts.

By Jonathan Berr • Nov. 9, 2022

Brex co-CEO: Fintech took ‘reputation hit’ after dropping customers

Co-CEO and cofounder Henrique Dubugras regrets Brex’s handling of its June customer base changes, but said narrowing the company’s focus on startups was the right call.

By Caitlin Mullen • Nov. 8, 2022