Every firm its own payments processor? Finix, a payments infrastructure firm focused on giving companies what it terms “ownership” of the payments stack, said that it had closed on a $17.5 million Series A funding round that was led by Bain Capital ventures. Additional participation...
Human resources management firm ThinkHR is strengthening its payroll footprint with a merger announced Friday (July 12). In a press release, ThinkHR announced it has reached an agreement to merge with Mammoth HR. Both firms are human resources Software-as-a-Service (SaaS) providers specializing in compliance and...
In recent years, no type of business has expanded globally at the pace and scale of digital platforms. If there is a sine qua non to the growth of platforms like Airbnb, eBay and Uber, it is the seamless experience they offer their users. However,...
Business investments in voice technology are speaking loud and clear about priorities. According to a new Adobe study, 91 percent of companies were investing in voice-based commerce and other technologies like Amazon’s Alexa and Google Assistant. In the Payments 2022 study, PYMNTS takes a look...
Bank of America Merchant Services (BAMS) is considering bringing its payment processing completely in-house, potentially scrapping a joint venture with First Data Corp., the payments company. According to a report in the Wall Street Journal, citing people familiar with the matter, BAMS wants to go...
The last decade has seen the emergence of a new generation of fast-growing, multinational businesses. Digital platforms — fueled by the convergence of mobile devices, data and the cloud — have generated unprecedented value for both their stakeholders and users. However, the payment capabilities that...
With one-stop stores and online marketplaces dominating the retail scene, small local shops with limited budgets can struggle to bring in a steady stream of new customers. In the latest Payments as a Service Tracker, Nift founder and CEO Elery Pfeffer explains how offering gift...
You can lead a horse to water, but you can’t make it drink. Mobile wallet providers are running into much the same issue. In the U.S., there’s a smartphone in nearly every hand, with 77 percent of Americans owning these devices, yet only 24 percent...
Managing payments and the POS isn’t exactly why bakers go into the bakery business. But catering to a mobile-savvy customer base means going beyond just serving coffee and bread, says Tanya Li, assistant director of Boston-based Flour Bakery + Café. In the latest Payments As...