Payments

Deel Is Acquiring Payroll Company PaySpace

Retrieved on: 
Tuesday, March 5, 2024

Global payroll and HR company Deel announced today that it is acquiring African-based payroll and HR company PaySpace for an undisclosed amount.

Key Points: 
  • Global payroll and HR company Deel announced today that it is acquiring African-based payroll and HR company PaySpace for an undisclosed amount.
  • The acquisition of PaySpace positions Deel as a market leader in global payroll, deepening Deel’s native infrastructure and coverage.
  • By acquiring PaySpace, Deel will become the first global payroll & Employer of Record (EOR) with its own full-stack payroll engine localized in 50 countries and integrated into its offering.
  • Deel now owns the full HR stack: entities, local teams (legal, HR, payroll), and local payroll engines across six continents.

BILL Expands Most Comprehensive Financial Operations Platform for SMBs with Powerful Predictive Cash Flow Tools

Retrieved on: 
Tuesday, March 5, 2024

Key Points: 
  • View the full release here: https://www.businesswire.com/news/home/20240305697281/en/
    The new offerings, BILL Insights and BILL Cash Flow Forecasting, are integrated into the BILL Financial Operations Platform , which already provides category-leading accounts payable (AP), accounts receivable (AR), and spend and expense solutions.
  • With these new enhancements, BILL delivers the most comprehensive financial operations platform enabling SMBs to optimize, manage, and forecast cash flow within a single platform.
  • BILL Insights and BILL Cash Flow Forecasting are currently available to select SMB and accountant customers of BILL and will become more widely available in calendar Q1 2024.
  • Get timely cash flow visibility: Access cash flow dashboards with metrics including cash in and cash out, net cash flow, and cash balance.

PayNearMe Introduces Smart Switch™ to Enable Card Processing Redundancy for Billers and iGaming Operators

Retrieved on: 
Tuesday, March 5, 2024

PayNearMe , the fintech company bringing progress to payments, introduces Smart Switch, a new, first-to-market technology that provides full card processing redundancy with a single integration and single contract.

Key Points: 
  • PayNearMe , the fintech company bringing progress to payments, introduces Smart Switch, a new, first-to-market technology that provides full card processing redundancy with a single integration and single contract.
  • By onboarding clients to multiple merchant processors, the company can easily activate Smart Switch to reroute card transactions in the event of processor downtime or issues.
  • “With Smart Switch, we simply hit a button when outages happen and, in mere seconds, our clients are rerouted to another processor, allowing them to continue processing card transactions.”
    Smart Switch makes card processing redundancy and reliability available to all PayNearMe clients, regardless of their technical expertise or resources.
  • “With Smart Switch, we're shielding our clients from these outage-related losses and sending a clear message to the industry—card processing redundancy is crucial for billers and iGaming operators.

More Convenience. More Flexibility. Regions Bank Launches Visa Commercial Pay Mobile for Corporate Banking Clients

Retrieved on: 
Tuesday, March 5, 2024

With the launch of Visa Commercial Pay Mobile, business clients can now create virtual accounts to use for payments beyond travel expenses by using a mobile application.

Key Points: 
  • With the launch of Visa Commercial Pay Mobile, business clients can now create virtual accounts to use for payments beyond travel expenses by using a mobile application.
  • Visa Commercial Pay Mobile supports overall cash-management strategies that many businesses need to help reduce manual payment processing and optimize cash flow operations.
  • Regions worked with Visa on functionality support for Visa Commercial Pay Mobile, including product development, pilot testing, product validation and associate training.
  • “At a time when businesses want more technology tools to manage their cash flow, Visa Commercial Pay Mobile provides greater options for payment needs.

FIS Announces Upsizing and Results of its Senior Note Tender Offers

Retrieved on: 
Tuesday, March 5, 2024

Overall, $1,496,352,000 and £754,757,000 principal amount of Dollar Notes and Sterling Notes, respectively, have been accepted for purchase.

Key Points: 
  • Overall, $1,496,352,000 and £754,757,000 principal amount of Dollar Notes and Sterling Notes, respectively, have been accepted for purchase.
  • The Offers are subject to the satisfaction of certain conditions as described in the Offer to Purchase.
  • King & Co, Inc. acted as the Information and Tender Agent for the Offers.
  • You may also contact your broker, dealer, commercial bank, trust company or other nominee for assistance concerning the Offers.

India Loyalty Programs Market Growth Databook 2024: 50+ KPIs on Loyalty Programs Trends by End-Use Sectors, Operational KPIs, Retail Product Dynamics, and Consumer Demographics - Forecasts to 2028 - ResearchAndMarkets.com

Retrieved on: 
Tuesday, March 5, 2024

The "India Loyalty Programs Market Intelligence and Future Growth Dynamics Databook - 50+ KPIs on Loyalty Programs Trends by End-Use Sectors, Operational KPIs, Retail Product Dynamics, and Consumer Demographics - Q1 2024 Update" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "India Loyalty Programs Market Intelligence and Future Growth Dynamics Databook - 50+ KPIs on Loyalty Programs Trends by End-Use Sectors, Operational KPIs, Retail Product Dynamics, and Consumer Demographics - Q1 2024 Update" report has been added to ResearchAndMarkets.com's offering.
  • The loyalty market in India will further increase from US$4.79 billion in 2023 to reach US$8.02 billion by 2028.
  • The Indian loyalty programs market is poised for accelerated growth over the medium term in India.
  • This will support the growth of the loyalty program market in India over the next three to four years.

Pathward’s Nichole Price Named to American Banker’s Prestigious List of The Most Influential Women in Payments

Retrieved on: 
Tuesday, March 5, 2024

The award celebrates senior executives guiding the future of the global payments industry, while also examining topics of leadership, mentorship and inclusion.

Key Points: 
  • The award celebrates senior executives guiding the future of the global payments industry, while also examining topics of leadership, mentorship and inclusion.
  • American Banker will celebrate those who earn a spot on the 2024 list during its annual Payments Forum , taking place later this month in Hollywood, Florida.
  • She is a licensed certified public accountant and has been in her current role since July 2023.
  • “The work in itself is rewarding, and being recognized by American Banker is truly an honor.”

U.S. Small Businesses Continue to Show Moderate Job Growth and Wage Inflation Continues to Moderate

Retrieved on: 
Tuesday, March 5, 2024

Small business job growth held steady from last month, with the national Small Business Jobs Index closing February at 100.67.

Key Points: 
  • Small business job growth held steady from last month, with the national Small Business Jobs Index closing February at 100.67.
  • View the full release here: https://www.businesswire.com/news/home/20240305447706/en/
    The February Paychex Small Business Employment Watch showed hourly earnings growth for U.S. workers at 3.42% and a national jobs index of 100.67.
  • (Graphic: Business Wire)
    “While our index continues to show job growth in businesses with fewer than 50 workers, it has now remained below pre-pandemic levels for two months.
  • “A tight job market for qualified candidates, access to affordable growth capital, and concerns about inflation continue to constrain small business owners from reaching their full growth potential.”
    “Wage growth for small business workers continues to moderate, most notably for weekly earnings in Leisure and Hospitality.

i2c Announces Ten-Year Partnership with Sightline® for Another Decade of Transforming Gaming Through Innovation

Retrieved on: 
Tuesday, March 5, 2024

Leading fintech company Sightline ® has renewed its exclusive, 10-year partnership with i2c Inc. , a leading provider of highly configurable banking and payments solutions, to support the company’s digital payments product offering within the gaming industry.

Key Points: 
  • Leading fintech company Sightline ® has renewed its exclusive, 10-year partnership with i2c Inc. , a leading provider of highly configurable banking and payments solutions, to support the company’s digital payments product offering within the gaming industry.
  • Sightline has exclusively partnered with i2c for its digital payments division since the company first began offering the solution to gaming companies in 2012.
  • “We are committed to creating lasting solutions for the global gaming industry, and having long-term partnerships, like this one with i2c, is essential,” said Omer Sattar, CEO of Sightline.
  • “We continually invest in working with the best companies in the world to empower the gaming industry to continue to move forward in dynamic ways.

PatientPay Increases Revenue by 616% in a Two-Year Period

Retrieved on: 
Tuesday, March 5, 2024

PatientPay , the leading patient payments partner for acute, ambulatory, and specialty care, today announced a 616% increase in revenue since December 2021.

Key Points: 
  • PatientPay , the leading patient payments partner for acute, ambulatory, and specialty care, today announced a 616% increase in revenue since December 2021.
  • According to a recent survey from AMGA , median total revenue per physician has increased 9.1% compared to pre-pandemic performance, while median total expense per physician has increased 26.5% over the same period.
  • PatientPay uniquely leverages easy-to-understand statements and digital billing strategies to engage patients in paying their bills quickly.
  • For many, it’s a matter of financial survival.”
    To learn more about PatientPay, visit www.patientpay.com .