Fortis news and trends

Fortis Buys Payment Logistics to Expand Tech Offerings
Acquisitions // November 15, 2022

Embedded payments company Fortis is expanding its technology offerings by purchasing California payment technology firm Payment Logistics. “Founded in 2003 to provide reliable and secure payment technologies, Payment Logistics has a large breadth of partnerships that process a significant volume of transactions across thousands of...

Today in the Connected Economy: Peloton Helps UnitedHealthcare Members Stay Fit
Connected Economy // September 21, 2022

Today in the connected economy, UnitedHealthcare extends its collaboration with the fitness platform Peloton as more consumers look for ways to mix digital and in-person health. Also, Target and TD Bank decide to continue their collaboration on the Target Red Card until 2030, and Japan’s...

Fortis, Visual Matrix Partner to Give Hotels More Payment Choices
Partnerships // September 21, 2022

Payment and commerce technology company Fortis and hotel tech provider Visual Matrix have partnered to enable hotel operators to offer their guests more payment choices.  With the partnership, Fortis’ commerce platform will be integrated with Visual Matrix’s hotel operating system, according to a Wednesday (Sept....

Voices of the CFO: Finance Chiefs Say Automating the Back Office Needs to Move to...
CFO // July 27, 2022

When companies suddenly had to adapt to remote-first work policies early in the pandemic, chief financial officers (CFOs) not only positioned them to weather the storm but also modernized back-office operations by leaps and bounds. Now that pandemic fears have subsided, the pressure is still...

Interviews & Exclusives
76% of Consumers Unlikely to Return to a Hotel, Attraction or Venue That Denies a Refund Request

December 27, 2021
Hospitality service providers’ cancellation and refund policies significantly impact consumers’ interest in using their services again. In fact, 76% of consumers “agree” or “strongly agree” they are unlikely to return to a hotel, attraction or venue that denied their request for a refund, while 74% say they are much more likely to return to a […]

More Businesses Turning to ‘Invisible’ Embedded Payments to Enable Growth

December 23, 2021
It’s been a decade in the making, but with the pandemic, and with 2022 gaining ground on the road ahead, invisible payments are a reality — or will be soon....

49% of Consumers Who Canceled Travel, Entertainment Reservations Got Refunds Via Chargebacks

December 20, 2021
Despite the pandemic, 113 million U.S. consumers booked reservations at hotels, attractions or live events between September 2020 and September 2021. More than half — 60 million — canceled, according...

Managing Travel Cancellations, Chargebacks a Balance of Empathy and Digital Tech

December 20, 2021
With 44% of the U.S. adult population saying they’ll be making use of airplanes, hotels and attractions in the coming year, and after the thrashing the tourism sector took from...

Quick Reads
Fortis Expands to Canada, Adds Fee Collection Feature, Acquires SmartPay

June 22, 2023
Embedded payments solution provider Fortis has expanded to Canada, added a new feature and acquired SmartPay. The expansion to Canada, which is Fortis’ first market outside the United States, makes all of the company’s solutions available to software platforms and businesses operating in the market, Fortis said in a Thursday (June 22) press release. The new feature added by Fortis […]

Fortis Buys Payment Logistics to Expand Tech Offerings

November 15, 2022
Embedded payments company Fortis is expanding its technology offerings by purchasing California payment technology firm Payment Logistics. “Founded in 2003 to provide reliable and secure payment technologies, Payment Logistics has...

Fortis, Visual Matrix Partner to Give Hotels More Payment Choices

September 21, 2022
Payment and commerce technology company Fortis and hotel tech provider Visual Matrix have partnered to enable hotel operators to offer their guests more payment choices.  With the partnership, Fortis’ commerce...