Payments fundraising slows down in Q2: PitchBook

Point-of-sale, payroll, accounts payable and accounts receivable startups are leading the way in funding for payments startups, according to PitchBook.

By Tatiana Walk-Morris • Aug. 19, 2022

Western Union, Paymentus CFOs depart

The companies are the latest payments firms to announce a CFO change as the sector faces macroeconomic headwinds.

By Elizabeth Flood • Aug. 18, 2022

Marqeta executive exodus follows IPO

Of 10 top executives leading the company at its IPO last year, only three remain, including CEO Jason Gardner, who said he plans to exit that role and become executive chairman.

By Jonathan Berr , Lynne Marek • Aug. 17, 2022

Paysign aims to grow prepaid card services for drugs

Paysign aims to boost its prepaid card services for consumers shouldering the high cost of pharmaceuticals by offering drugmakers transparent pricing for such services.

By Joe Burns • Aug. 16, 2022

Toast gets growth spurt in restaurant payments

The restaurant software management company placed its digital tools at another 6,000 locations in the second quarter, for the biggest quarterly jump in that figure. 

By Lynne Marek • Aug. 11, 2022

Flywire posts net loss despite customer wins

The payments software company posted a second-quarter loss despite client wins being higher than usual and revenue jumping more than 50 percent.

By Jonathan Berr • Aug. 11, 2022

BNPL faces headwinds from rising rates, inflation: Fitch

Higher interest rates may make it more expensive for buy now-pay later providers to offer financing while inflation may put off lower-income consumers.

By Debbie Carlson • Aug. 10, 2022

Jack Henry & Associates buys Payrailz

Jack Henry management expects the Payrailz purchase to help its bank, credit union and other financial institution clients modernize their payments services.

By Jonathan Berr • Aug. 10, 2022

Paystand buys Yaydoo in Latin American push

Paystand’s purchase of the Mexico-based company was its first acquisition, and the company said it’s prepared to do more deals.

By Jonathan Berr • Aug. 9, 2022

FIS reduces 2022 outlook

The major payments processing company said higher interest rates, increased wages and foreign exchange rates were putting pressure on the business.

By Lynne Marek • Aug. 4, 2022

Fiserv whittles workforce

The payments processor cut employees in the first half of the year and shouldered higher severance expenses, following a string of acquisitions in recent years.

By Caitlin Mullen • Aug. 4, 2022

B2B drives Q2 payments growth: Nacha

Healthcare and peer-to-peer payments also rose during the quarter over last year, the clearing house that runs the national automated system said.

By Tatiana Walk-Morris • Aug. 3, 2022

PayPal takes new direction with Elliott

The payments pioneer is fine-tuning its strategy with Elliott Investment Management, which now has a $2 billion investment in the company.

By Lynne Marek • Aug. 3, 2022

Wex profits soar on rising fuel prices

Wex is benefiting from a jump in fuel prices, given its management of fleet credit cards, but its customers face more economic hurdles. 

By Lynne Marek • Aug. 2, 2022

Amex rolls out B2B digital payment tool

American Express cited data showing nearly two-thirds of small and mid-sized business owners expect increases in their cross-border spending.

By Caitlin Mullen • Aug. 2, 2022

Global Payments buys Evo at a premium

Global Payments said it will pay $4 billion to buy Evo Payments as it sheds its Netspend consumer unit for $1 billion and takes a $1.5 billion investment from Silver Lake Partners.

By Lynne Marek • Aug. 1, 2022

Balance raises $56M for B2B payments

The B2B payments services provider has quickly attracted investors, including Forerunner and Salesforce Ventures, since its founding in 2020.

By Tatiana Walk-Morris • July 26, 2022

Amazon opens a new wallet for sellers

The e-commerce juggernaut said it’s offering a new digital wallet service to its sellers and planning to roll it out more broadly over the “next few months.” 

By Lynne Marek • July 26, 2022

Resolve CEO touts benefits of BNPL in B2B

As Resolve’s customers manage cash closely and navigate supply chain snags, CEO Chris Tsai expects the company’s BNPL model for B2B will stand out in a challenging economic environment.

By Caitlin Mullen • July 21, 2022

Payments funding, deal-making declines in Q2

Payments startups are getting caught in the venture funding downdraft. Investment dollars and deal-making dropped in the second quarter, according to a CB Insights report.

By Lynne Marek • July 21, 2022

Flywire expands presence in education payments

Following its second acquisition as a public company, Boston-based Flywire will continue to look for purchase opportunities that expand the payments company’s reach globally, said CEO Mike Massaro.

By Caitlin Mullen • July 19, 2022

Stake, Aliaswire target rental payment flows

The companies see millions of dollars of opportunity in offering new ways for management of rental payment flows.

By Lynne Marek • July 18, 2022

Modern Treasury expands on demand, readies for FedNow

The company has more than doubled its headcount over the past year to meet demand for its payments software from clients like Marqeta and Gusto. Now, it plans more expansion for real-time services. 

By Jonathan Berr • July 18, 2022

5 essential features to look for in an omnichannel commerce partner

An experienced commerce partner can help provide the technology needed to help merchants keep up.

July 18, 2022

Relay Payments takes on incumbents in trucking

The fintech is taking on FleetCor and Wex as it seeks to take a bigger bite of a $500 billion U.S. trucking logistics market.

By Caitlin Mullen • July 13, 2022