News

Partnerships / Acquisitions
FortisPay Acquires EpicPay, Change Merchant Solutions
May 26, 2021

FortisPay, a payment technology provider for businesses, developers and independent software vendors (ISV), has acquired Change Merchant Solutions and EpicPay, according to a press release emailed to PYMNTS. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to...

Payment Methods
Noble, Square Team Up On Concessions Payments For Live Events
May 26, 2021

Digital commerce and marketing platform Noble has linked up with payments company Square to provide online payment processing of food and drink orders for live events. The Noble platform will be available on the Square App Marketplace. Get the Full Story Complete the form to...

B2B Payments
FIs Forecast Where The B2B Payments Puck Is Headed
May 26, 2021

Financial institutions’ (FIs’) efforts to upgrade their products, services and experience is largely attributed to massive shifts in what end-customers demand from their banks. That’s true in many ways for corporate customers as well, which increasingly demand digital-first solutions with easy interfaces that are always...

B2B Payments
What The SMB Loan ‘Lunchtime Rush’ Signals For Bankers
May 26, 2021

Financial institutions (FIs) have historically viewed small businesses as a less profitable part of their own business, not necessarily worth troves of time, investment and innovation. Competitive pressures from the B2B FinTech ecosystem are beginning to shift that mindset, but for banks, a lack of...

Retail
Nordstrom Nears 50 Pct Digital Sales; Total Revenue Still Below Pre-Crisis Level
May 26, 2021

High-end fashion retailer Nordstrom said on Tuesday (May 25) that its digital transformation efforts saw its eCommerce sales rise 23 percent last quarter, amounting to 46 percent of total revenue. But despite those gains, the Seattle-based operator of 350 stores noted that its total revenues...

B2B Payments
Virtual Commercial Cards Continue Their Upward Mobility
May 26, 2021

Virtual card technology adoption is on the rise among corporates, and for good reason: single-use virtual cards not only provide protection against fraud and misuse but can allow businesses to retain greater control over employee spend when a card is generated with a specific purchase...

IPO
New Payments IPOs: Paymentus Looks To Raise $210 Million; Flywire Seeks $251 Million
May 26, 2021

Two U.S. payments platforms — Paymentus and Flywire — are seeking initial public offerings at the top of their marketed range. Both started trading on Wednesday (May 26) and are expected to close on Friday (May 28).  Get the Full Story Complete the form to...

Faster Payments
How It Works: Inside The FIS RealNet Platform
May 26, 2021

Real-time payments are piquing the interest of firms around the globe. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required. yesSubscribe to our daily newsletter, PYMNTS Today. By completing...

Investments
eCommerce Fraud Prevention Firm Forter Raises $300 Million
May 25, 2021

eCommerce fraud prevention company Forter has raised $300 million in a Series F funding round, according to a press release. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required....