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

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

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

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

Jack Henry preps clients for FedNow

The financial technology provider is encouraging clients to be prepared to receive payments through FedNow.

By Caitlin Mullen • May 3, 2023

FDIC proposes higher insurance coverage for payroll accounts

Under the agency’s targeted coverage scenario, accounts used for payment purposes — specifically, business payment accounts — would merit higher deposit insurance coverage.

By Anna Hrushka • May 2, 2023

CSI targets $1B in annual revenue

The company that provides community banks with payments, fintech and other services is gunning for growth with new private equity capital.

By Lynne Marek • May 2, 2023

Global Payments to replace CEO

CEO Jeff Sloan will step down June 1 and be replaced by the payment processor’s president and chief operating officer, Cameron Bready.

By Caitlin Mullen • May 1, 2023

Fed study highlights growth in card, ACH payments

Card, ACH and check payment values climbed from 2018 to 2021, as cash was left behind, according to the Federal Reserve’s noncash payments study.

By Caitlin Mullen • April 24, 2023

Fed to reduce cross-border payments program

The Federal Reserve plans to discontinue its cross-border ACH payments service to Europe and Canada later this year, Fed officials reiterated at a conference this week.

By Lynne Marek • April 20, 2023

Same-day ACH payments soar

The dollar value of same-day ACH payments nearly doubled in the first quarter as the volume increased 20.7%, Nacha said this week in a quarterly update.

By Tatiana Walk-Morris • April 20, 2023

FTV Capital hunts payments prizes

Venture capital firms face challenges in picking payments and fintech investments amid the wreckage and waiting for the right prices.

By Caitlin Mullen • April 12, 2023