July 10, 2023
Manual Payments Processes Often Slow Small Business Growth
The 21st century wasn’t supposed to be full of so many headaches. Or so much paper. “Mid-sized companies say their [accounts payable (AP)] departments are spending about 50% of their...
July 09, 2023
Report: Revolut US Payments Flaw Leads to $20 Million Theft
A flaw in Revolut’s U.S. payment system reportedly let criminals steal more than $20 million. As the Financial Times (FT) reported Sunday (July 9), the thefts occurred over several months in 2022 before...
July 07, 2023
Meadow Lark Partners With OTR Solutions on Carrier Payment Systems
Meadow Lark Agency has partnered with OTR Solutions on carrier payment systems. The strategic partnership will allow OTR Solutions’ back-office services to support Meadow Lark’s carrier payment process, giving Meadow Lark carriers access to favorable...
July 07, 2023
Amex Says Too Much Liquidity Trapped in Existing B2B Payments...
On paper, B2B payments are ripe for digitization. The only problem is that so many B2B payments remain, ironically, stuck on actual paper. It’s the 21st century, after all. Yet...
July 07, 2023
Personalized Loans Helps Small Businesses Break Their Funding Slump, Says...
The secret of getting ahead is getting started. After all, an object — or a business — in motion tends to stay in motion. But for the small and medium-sized...
July 06, 2023
Merchant Lynx Acquires NCCP to Expand Into Trucking and Construction
Merchant acquirer Merchant Lynx Services says it is expanding into new industries. To that end, the Florida-based company has purchased National Credit Card Processing Group (NCCP), according to a Thursday (July 6) press release....
July 06, 2023
Afreximbank and Fiducia Partner on Supply Chain Finance in Africa
Afreximbank and Fiducia have partnered to address the “supply chain finance gap” in Africa. The bank and the supply chain financing firm have formed a strategic partnership in which Afreximbank will provide additional liquidity for...
July 06, 2023
Clair Secures $175 Million Investment for on-Demand Pay Solution
New York City-based FinTech Clair has raised $175 million in funding. The financing was led by Thrive Capital and included participation from Upfront Ventures and Kairos, Clair said in a Thursday (July 6) press release. Michael Presser, investing partner...
July 06, 2023
FIS Sells Worldpay Stake to GTCR For $18.5 Billion
FIS is selling its majority stake in Worldpay to private equity group GTCR for $18.5 billion. The payments company announced the sale Thursday (July 6), days after reports that GTCR and Advent International, a buyouts firm, were vying...