Payment

Paystand Showcases New Features to Unlock Additional Profitability at Sage Transform 2024

Retrieved on: 
Tuesday, February 27, 2024
Data Management, Banking, Accounting, Technology, Professional Services, Payments, Blockchain, Small Business, Software, Internet, Finance, Payment, Sage Intacct, Booth, DSO, MGM Grand, Sage, Open, Automation, Partnership

The features, introduced at the Sage Transform annual customer conference in Las Vegas, Feb. 26 – 29, boost AR efficiency through automation.

Key Points: 
  • The features, introduced at the Sage Transform annual customer conference in Las Vegas, Feb. 26 – 29, boost AR efficiency through automation.
  • Paystand will demonstrate its integration at Booth #27 at the MGM Grand conference center.
  • Paystand first unveiled its partnership with Sage in May 2021, expanding the reach of its Payments-as-a-Service model to Sage Intacct customers everywhere.
  • Instant Planning through the Contracts for Sage Function: automatically determines how many invoices will be generated throughout the lifespan of a project.

JPMorgan Chase RUN 2024 Celebrates Its 11th Edition in India

Retrieved on: 
Tuesday, February 27, 2024
Professional Services, Sports, Running, Finance, Asset Management, Banking, Woman, Investment banking, RUN, Multimedia, Education, Payment, Run, HIV, International finance, Commercial, Health, City, Disability, Volunteering, Veteran, Child, JPMorgan Chase

JPMorgan Chase recently held its 11th annual corporate employee run across Bengaluru, Hyderabad, Mumbai, and Pune.

Key Points: 
  • JPMorgan Chase recently held its 11th annual corporate employee run across Bengaluru, Hyderabad, Mumbai, and Pune.
  • View the full release here: https://www.businesswire.com/news/home/20240226664735/en/
    Run 2024 - Mumbai - Image 1 (Photo: Business Wire)
    “Each year, the JPMC Run gets bigger and more energetic.
  • JPMorgan Chase is a leading global financial services firm with a presence in India since 1922 through its predecessors.
  • With a long history and robust presence in India, JPMorgan Chase is committed to supporting its clients, and strengthening the communities in which it operates.

Weave Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Wednesday, February 21, 2024
General Health, Health, Practice Management, Technology, Software, Weave, Acquisition, NRR, Investment, Bank, HubSpot, GRR, GAAP, Software as a service, Automation, Patient, Workplace, Payment, Salesforce, Bank of America

Weave (NYSE: WEAV), a leading all-in-one customer experience and payments software platform for small and medium-sized healthcare businesses, today announced its financial results for the fourth quarter and year ended December 31, 2023.

Key Points: 
  • Weave (NYSE: WEAV), a leading all-in-one customer experience and payments software platform for small and medium-sized healthcare businesses, today announced its financial results for the fourth quarter and year ended December 31, 2023.
  • Non-GAAP gross margin was 69.7%, compared to a non-GAAP gross margin of 66.7% in the fourth quarter of 2022.
  • GAAP loss from operations was $8.0 million, compared to a GAAP loss from operations of $9.7 million in the fourth quarter of 2022.
  • Non-GAAP loss from operations was $1.7 million, compared to a non-GAAP loss from operations of $4.2 million in the fourth quarter of 2022.

REPAY to Attend the Wolfe Research FinTech Forum

Retrieved on: 
Wednesday, February 21, 2024
Banking, Accounting, Technology, Professional Services, Payments, Business, Electronic Commerce, Digital Cash Management, Digital Assets, Software, Fintech, Finance, Dark, EVP, Payment, Cryptocurrency

Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY” or the “Company”), a leading provider of vertically-integrated payment solutions, today announced that the Company will attend the Wolfe Research FinTech Forum in New York, NY on Thursday, March 14, 2024.

Key Points: 
  • Repay Holdings Corporation (NASDAQ: RPAY) (“REPAY” or the “Company”), a leading provider of vertically-integrated payment solutions, today announced that the Company will attend the Wolfe Research FinTech Forum in New York, NY on Thursday, March 14, 2024.
  • Darin Horrocks, EVP of Business Payments, will be participating in a panel discussion titled, “B2B Payments - Cash is King but Digital Rules; Exiting the Paper Check Dark Ages”.
  • In addition, the Company will be hosting investor meetings.
  • If you would like to request a meeting, please reach out to the Wolfe conference team.

Stax Payments Appoints Mark Sundt as Chief Technology Officer

Retrieved on: 
Tuesday, February 20, 2024
Hardware, Payments, Technology, Artificial Intelligence, Software, Acquisition, Engineering, Xplor, Payment, IBM, Sundt, Microsoft

Stax Payments , a leading payment technology provider, has appointed Mark Sundt as Chief Technology Officer.

Key Points: 
  • Stax Payments , a leading payment technology provider, has appointed Mark Sundt as Chief Technology Officer.
  • As CTO, Sundt will accelerate the delivery of new products, features, and functionality that unlock and drive increased value for Stax customers and partners.
  • Sundt brings more than 30 years of expertise as a technology leader to his new role, with a deep background in payments and transforming businesses with groundbreaking technology solutions.
  • Sundt succeeds Chris Staymates, who will return to his role as Stax’s Chief Innovation Officer and continue as an Executive Leadership Team member.

Latin America Online Payment Methods 2024: Volume of Real-Time Payments in Latin America is Forecast to Nearly Quadruple by 2027 - ResearchAndMarkets.com

Retrieved on: 
Monday, February 19, 2024
Technology, Payments, Online, B2C, OEM, Digital goods, Digital, Payment, Online and offline, Consumer, Security, Internet

Overview of the Online and Mobile Payment Trends, September 2023

Key Points: 
  • Overview of the Online and Mobile Payment Trends, September 2023
    Preferred Online Payment Methods For E-Commerce Purchases, in % of Adults, June 2022
    Preferred Payment Method When Shopping Online, in % of Respondents, October 2022
    Value of Contactless Card Transactions, in USD trillion, 2022e & 2027f
    Value of Digital Wallet Transactions, in USD trillion, 2023e & 2028f
    Total Number of OEM Pay E-Commerce Transactions, in USD billion, Growth in Transactions, in %, & Average Transaction Volume Per OEM Pay User, in USD, 2026f
    Share of OEM Pay E-Commerce Transactions Stemming From Purchases of Digital Goods, in %, 2026f
    Top Reasons Because of Which Respondents Are Likely to Abandon Checkout, in % of Adults, June 2022
    Most Accessible vs Most Preferred Online Payment Method, in % of Adults, June 2022
    Share of Consumers Agreeing With the Following Statements Related to Security of Online Payment, in %, April 2023
    Share of Consumers Agreeing With the Following Statements Related to Digital and Mobile Wallets, in %, April 2023
    Top Consumer Expectations at Checkout When Making Online Purchases, incl.
  • "Payment Methods", in % of Respondents, October 2022
    QR Code Payment Transaction Value, in USD billion, 2023e & 2028f
    Online & Mobile Payment Trends, October 2023
    Breakdown of B2C E-Commerce Sales, by Payment Methods, in %, 2022e
    Breakdown of Payment Methods Used for Streaming and Digital Goods Purchases, in %, 2022e
    Breakdown of Online Travel Payments Volume, by Payment Method, in %, 2022e
    Card Ownership in Select Countries, by Card Type, in % of Internet Users, 2021 & August 2022
    Real-Time Payments Share of Total Electronic Payments, in %, 2022 & 2027f

Truent.ai Launches Revolutionary Tech Stack Feature, Creating the First Comprehensive One-Stop Shop for Sales Efficiency

Retrieved on: 
Thursday, March 7, 2024
Risk, Marketing, Human resources, CMO, GTM, Digital, Research, Payment

AUSTIN, Texas, March 7, 2024 /PRNewswire-PRWeb/ -- Truent.ai, the revenue intelligence platform that improves the way businesses identify and connect with financial institutions to create, convert and retain revenue, today announced the launch of its latest feature: tech stack data. Designed to uplevel the way customers engage with target financial institutions, this groundbreaking feature offers a one-stop shop for sales research and insights through unparalleled visibility into the technologies currently employed by these entities.

Key Points: 
  • When looking for new technology solutions, banks and financial institutions will frequently base their decisions on the priority of seamless integration with current and often outdated systems.
  • Truent.ai's new feature revolutionizes how businesses selling to banks and credit unions operate by providing invaluable tech stack data.
  • This empowers them to pinpoint potential customers using specific systems, enhancing their ability to identify superior offerings or forge strategic partnerships.
  • This bypasses manual assessment of tech stacks so teams are not spending time and talent on prospects that cannot integrate.

Global Embedded Finance Ecosystem Report 2024: Mapping the Path to Services Industries' Transformation - Focus on Mobility, Travel, Foodservice, and Healthcare

Retrieved on: 
Tuesday, March 5, 2024
Path, Health, Growth, Use, Credit, Payment, Environment

DUBLIN, March 5, 2024 /PRNewswire/ -- The "Embedded Finance Ecosystem: Mapping the Path to Services Industries' Transformation" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, March 5, 2024 /PRNewswire/ -- The "Embedded Finance Ecosystem: Mapping the Path to Services Industries' Transformation" report has been added to ResearchAndMarkets.com's offering.
  • The Embedded Finance Ecosystem: Mapping the Path to Services Industries' Transformation global briefing offers insight into the size and shape of the Consumer Finance market, highlights buzz topics, emerging geographies, categories and trends as well as pressing industry issues and white spaces.
  • Embedded finance is the critical factor to improve customer journey and drive transformation for services industries.. With travel recovery and sluggish volume sales of automotives, embedded finance is considered to have the most potential to build and enhance partnerships to support their market value sales growth.
  • The briefing leverages the publisher's 360-degree coverage of the global payments' landscape including insight on consumer debt.

63% of US Businesses Will Use ISO 20022. Financial Institutions are Not Ready to Meet Demand.

Retrieved on: 
Thursday, February 29, 2024
ISO, Datus (Greece), Perception, FIS, Growth, Commercial bank, Software, Certification, Organization, Payment, Mobile phone

CHARLOTE, N.C., Feb. 29, 2024 /PRNewswire-PRWeb/ -- The impending March 2025 migration deadline of FedWire to the ISO 20022 standard by all financial institutions (FIs) presents a strategic opportunity to revolutionize their payment infrastructure and services, according to a new Datos report, sponsored by Finzly, the pioneering provider of modern payments systems.

Key Points: 
  • The survey results highlight the immediate market opportunity for FIs to capitalize on existing customer demand for intelligent payment routing and embedded banking services enabled by ISO 20022 messaging standards.
  • ISO 20022 presents various benefits for FIs, including improved payment services, strengthened customer relationships, and diversified revenue streams.
  • By embracing ISO 20022, FIs can meet today's demands and anticipate tomorrow's needs, driving innovation and growth in the digital age.
  • Finzly is well-positioned to meet certification deadlines for Fedwire migration to ISO 20022 with all its Fedwire clients, while also supporting other financial institutions seeking to transition to an ISO 20022-native solution for their Fedwire processing."

Nelnet Reports Fourth Quarter 2023 Results

Retrieved on: 
Tuesday, February 27, 2024
Consumer, Artificial intelligence, Forecasting, Risk, Payment, Investment, Loan servicing, NNI, NRE, Disclosure, Information, Climate change, GAAP, AGM, Tax, Security (finance), Failure, Bank statement, Environment, Bank

The AGM operating segment reported net interest income of $35.6 million during the fourth quarter of 2023, compared with $58.5 million for the same period a year ago.

Key Points: 
  • The AGM operating segment reported net interest income of $35.6 million during the fourth quarter of 2023, compared with $58.5 million for the same period a year ago.
  • The average balance of loans outstanding decreased from $14.8 billion for the fourth quarter of 2022 to $12.5 billion for the same period in 2023.
  • AGM recognized a provision for loan losses in the fourth quarter of 2023 of $8.3 million ($6.3 million after tax), compared with $27.4 million ($20.8 million after tax) in the fourth quarter of 2022.
  • The company acquired $196.4 million in loans in the fourth quarter of 2023, compared with $926.3 million for the same period in 2022.