Corporate payments firm Corpay and global asset management firm TPG have entered into a deal to acquire accounts payable (AP) automation software provider AvidXchange. Financial Technology Partners and Barclays served AvidXchange as financial advisers on this transaction, according to a Tuesday (May 6) news release...
As the global transportation and logistics sectors navigate economic uncertainty, rising fuel costs and increasing regulatory pressures, fleet managers are reevaluating their operational strategies. The focus is shifting toward efficiency and cost savings, making payment and expense management a critical component of modern fleet operations....
U.S. Bancorp’s most recent quarter took note of changing dynamics in deposit activity, growth in card loans, and momentum in its payments-related business lines that should last through the current year, according to management commentary Thursday (Jan. 16). Earnings materials show credit card loans were...
The corporate and vehicle payments business has been very good to Corpay. The business payments firm’s most recent quarterly earnings, reported Thursday (Nov. 7), showed a 6% increase in adjusted profit, driven by growth in those segments. “Business fundamentals were quite good with same store sales...
August 24, 2023
The manufacturing sector is quickly recognizing the value of real-time payments. Most manufacturers now deem real-time payments vital for business, with 61% holding this view for making payments and 65% for receiving them. PYMNTS’ latest study reveals that small manufacturers are leading the charge away from traditional payment methods and toward real-time payments. Smaller manufacturers […]
August 17, 2023
Insurance companies are embracing real-time payments when collecting customer premiums or receiving payments from other businesses. Even though 80% of firms use real-time payments, they account for just 16% of...
July 01, 2021
Enterprise resource planning (ERP) software remains a staple for many corporations as a digital hub for a variety of workflows, from payments to cash forecasting. As businesses modernize their electronic...
March 23, 2021
Corporates continue to lower their guard against digitization, embracing electronic B2B payments as they press ahead in their modernization efforts. Over the past several months, commercial card adoption in the...
November 24, 2025
Corporate payments company Corpay has introduced a solution for U.S. immigration law firms. The new USCIS Navigator tool, announced Monday (Nov. 24) is aimed at providing secure processing for payments to the U.S. Citizenship and Immigration Services (USCIS), following a recent ban on check payments for immigration filings. “We created USCIS Navigator in direct response […]
May 06, 2025
Corporate payments firm Corpay and global asset management firm TPG have entered into a deal to acquire accounts payable (AP) automation software provider AvidXchange. Financial Technology Partners and Barclays served...
November 10, 2024
The corporate and vehicle payments business has been very good to Corpay. The business payments firm’s most recent quarterly earnings, reported Thursday (Nov. 7), showed a 6% increase in adjusted profit,...
July 25, 2024
Bank of America said Thursday (July 25) that the volume of corporate payment approvals completed via its mobile app for corporate and commercial banking, CashPro App, is up 40% from...
