Payments

Paysafe to Participate in the Wolfe Research FinTech Forum on March 13

Retrieved on: 
Wednesday, March 6, 2024

Paysafe Limited (NYSE: PSFE), a leading payments platform, today announced that Chief Executive Officer, Bruce Lowthers, will participate in a fireside chat at the Wolfe Research FinTech Forum on Wednesday, March 13, 2024 at 11:00 AM ET.

Key Points: 
  • Paysafe Limited (NYSE: PSFE), a leading payments platform, today announced that Chief Executive Officer, Bruce Lowthers, will participate in a fireside chat at the Wolfe Research FinTech Forum on Wednesday, March 13, 2024 at 11:00 AM ET.
  • A live webcast of the fireside chat will be available on the Paysafe Investor Relations website at https://ir.paysafe.com/ under the “Events & Presentations” section and archived for a limited time.

Vimly Benefit Solutions Announces Strategic Hire to Further Enable Growth

Retrieved on: 
Wednesday, March 6, 2024

Vimly Benefit Solutions (“Vimly”), a leader in the benefits administration space, has announced the addition of Marc Palmer as the new Chief Commercial Officer.

Key Points: 
  • Vimly Benefit Solutions (“Vimly”), a leader in the benefits administration space, has announced the addition of Marc Palmer as the new Chief Commercial Officer.
  • View the full release here: https://www.businesswire.com/news/home/20240306771714/en/
    “As Vimly continues to execute its growth strategy and follow up on our strategic majority investment from Rubicon Technology Partners, it became clear that we needed someone like Marc,” said Shannon Jurdana, CEO at Vimly.
  • Palmer was also CEO of ConnectYourCare and inVentiv Health and Chief Operating Officer at SS&C Health and Stonebrook Risk Solutions.
  • “I am impressed by the level of talent and professionalism and the foundation the Vimly team has built.

FLEETCOR Invests in Brazilian Vehicle Payments Company

Retrieved on: 
Wednesday, March 6, 2024

FLEETCOR Technologies, Inc. (NYSE: FLT) , a leading global business payments company, today announced the closing of a majority investment in Zapay.

Key Points: 
  • FLEETCOR Technologies, Inc. (NYSE: FLT) , a leading global business payments company, today announced the closing of a majority investment in Zapay.
  • The investment further scales FLEETCOR’s Vehicle Payments business in Brazil and provides access to two million drivers who use Zapay’s mobile app and website each month.
  • As part of the agreement, FLEETCOR has the right to acquire the remainder of the company in four years.
  • So, we’re quite excited to integrate Zapay’s solution into our existing offering," said Armando Netto, Group President of Vehicle Payments in Brazil and North America.

Tabs3 Software Releases Version 2024 to Enhance Law Firm Productivity

Retrieved on: 
Wednesday, March 6, 2024

Tabs3 Software today announced the release of Version 2024.

Key Points: 
  • Tabs3 Software today announced the release of Version 2024.
  • It brings enhancements to key features including the Billing Matter Manager, Conflict of Interest Search, and the Tabs3 CRM integration in PracticeMaster.
  • “Tabs3 Software continues to help law firms work more efficiently through the launch of Version 2024.
  • Our billing flexibility is unique when compared with other products,” said Dan Berlin, President and CEO of Tabs3 Software.

Cost of Living in the U.S. Grows 4% Year over Year as Consumers Now Spend Nearly $26k Annually on Essential Household Bills

Retrieved on: 
Thursday, March 7, 2024

The 2024 U.S. Household Bill Pay Report found that the average amount consumers spend per year on household bills grew 4% year over year.

Key Points: 
  • The 2024 U.S. Household Bill Pay Report found that the average amount consumers spend per year on household bills grew 4% year over year.
  • The Bill Pay Economy™ of 2024 amounts to $4.46 trillion, of which $3.35 trillion are the ten most essential household bills.
  • The 2024 U.S. Household Bill Pay Report provides resolution at the national, state, county and city levels, enabling the deepest and most complete picture of The Bill Pay Economy™.
  • credit card balances) – doxo’s unique, nation-wide household bill pay data specifically quantifies the actual consumer portion of total recurring bill spend and household penetration rate for each category.

InvoiceCloud Supercharges Payments Experience with Over 300 Product Enhancements Launched in 2023

Retrieved on: 
Wednesday, March 6, 2024

This commitment to continuous improvement empowers businesses and organizations to streamline operations, enhance customer experience, and accelerate payments, including the 224 new customers who implemented the InvoiceCloud solution in 2023.

Key Points: 
  • This commitment to continuous improvement empowers businesses and organizations to streamline operations, enhance customer experience, and accelerate payments, including the 224 new customers who implemented the InvoiceCloud solution in 2023.
  • InvoiceCloud continues to innovate by:
    Frictionless Payments: New POSPay terminal devices facilitate convenient in-person payments, while expanded payment options cater to diverse preferences.
  • By delivering over 340 advancements with its true SaaS delivery model in 2023, InvoiceCloud demonstrated its unwavering commitment to customer success.
  • “These strategic enhancements deliver tangible benefits across the board, making payments faster, easier, and more reliable for both payers and billers.”

Restatement of Previously Issued Financial Statements

Retrieved on: 
Thursday, March 7, 2024

(“KPMG”), identified certain non-cash accounting errors related to deferred income accounting for tax-deductible goodwill, as required under IFRS – International Financial Reporting Standard (“IFRS”).

Key Points: 
  • (“KPMG”), identified certain non-cash accounting errors related to deferred income accounting for tax-deductible goodwill, as required under IFRS – International Financial Reporting Standard (“IFRS”).
  • Similarly, any previously furnished reports, such as earnings releases, investor presentations or other communications describing the Company’s consolidated audited financial statements, and condensed consolidated interim financial statements and other related financial information covering the Non-Reliance Periods should no longer be relied upon.
  • The Company intends to file its restated financial statements as of and for the year ended December 31, 2022 together with its audited consolidated financial statements as of and for the year ended December 31, 2023, in the 2023 Form 20-F.
  • The Company also expects to reflect certain classification corrections to non-derivatives and loans and borrowings as part of the restatement to the financial statements.

Xsolla Introduces a New Payment Option for Developers Seeking to Expand Into the Japanese Market

Retrieved on: 
Wednesday, March 6, 2024

Xsolla continually seeks to innovate gaming payment solutions to help mobile, PC, cloud, and web-based video game developers grow their audience and meet the needs of players around the globe.

Key Points: 
  • Xsolla continually seeks to innovate gaming payment solutions to help mobile, PC, cloud, and web-based video game developers grow their audience and meet the needs of players around the globe.
  • By offering this additional payment method at checkout, game developers worldwide can expand their reach into the Japanese market and meet the evolving needs of their players.
  • View the full release here: https://www.businesswire.com/news/home/20240306339887/en/
    With 58 million users 1 and growing, PayPay is the largest Japanese mobile payment app, accepted both online and at physical retailers across Japan.
  • "We're excited to connect PayPay to Xsolla and allow our global partners to reach a new audience and offer another payment option to their players," said Chris Hewish, CEO of Xsolla.

Innovative Construction Payments Software Handle.com Secure Investments from Amex Ventures, Suffolk Technologies

Retrieved on: 
Wednesday, March 6, 2024

Handle.com, a leading provider of construction payment and credit solutions, is thrilled to announce investments from different investors: Amex Ventures, along with Suffolk Technologies, the venture capital arm of Suffolk Construction.

Key Points: 
  • Handle.com, a leading provider of construction payment and credit solutions, is thrilled to announce investments from different investors: Amex Ventures, along with Suffolk Technologies, the venture capital arm of Suffolk Construction.
  • These investments highlight Handle’s continuous growth and its impact on the digital transformation of finance organizations across the construction value chain.
  • View the full release here: https://www.businesswire.com/news/home/20240306330812/en/
    Handle.com, a leading provider of construction payment and credit solutions, is thrilled to announce investments from different investors: Amex Ventures, along with Suffolk Technologies, the venture capital arm of Suffolk Construction.
  • "These investments from Amex Ventures and Suffolk Technologies represent a significant milestone in our journey to reshape construction payments,” said Patrick Hogan, CEO of Handle.

SingleStore Achieves the AWS Generative AI Competency

Retrieved on: 
Wednesday, March 6, 2024

SingleStore , the data platform that allows you to transact, analyze and contextualize data in real time, today announced it has achieved the Amazon Web Services (AWS) Generative AI Competency in the category of Infrastructure and Data.

Key Points: 
  • SingleStore , the data platform that allows you to transact, analyze and contextualize data in real time, today announced it has achieved the Amazon Web Services (AWS) Generative AI Competency in the category of Infrastructure and Data.
  • This specialization recognizes SingleStore as an AWS Partner that helps customers and the AWS Partner Network (APN) drive the advancement of services, tools and infrastructure pivotal for implementing generative AI technologies.
  • Achieving the AWS Generative AI Competency differentiates SingleStore as an AWS Partner that has demonstrated technical proficiency and proven customer success supporting customer pain points and boosting customer experience.
  • “We’re excited to achieve the AWS Generative AI Competency at launch and know this will allow us to leverage AWS to provide our customers with the tools they need to succeed.”
    The AWS Competency Program aims to assist customers in connecting with AWS Partners who possess extensive knowledge and technical expertise in using AWS technologies and best practices to adopt generative AI.