Payments processor Payarc has launched a partnership with third-party logistics provider Allpack Fulfillment. The partnership, announced in a Tuesday (Jan. 7) news release, is designed to enhance payment processing capabilities for Allpack’s clients. “Through this collaboration, Allpack is actively referring clients to Payarc, enabling seamless...
Tennessee-based financial services firm Celero Commerce has acquired electronic payments technology provider Precision Payments. With the deal, announced in a news release earlier this month, Celero’s annual card processing volume in North America is expected to surpass $28 billion. Based in Sarasota, Florida, and founded...
Shares of Paysafe slumped 25% Wednesday (Nov. 13) in the wake of earnings that missed Wall Street forecasts. But the company’s materials and management commentary revealed growth in core segments, gains in average transactions per active users of digital wallets and expanding reach in Europe....
Mastercard is collaborating with Arab regional payment system Buna to drive faster, cheaper and more transparent cross-border payments in the Middle East and North Africa (MENA) region. The partnership will bring together Mastercard Move’s money transfer capabilities and extensive network with Buna’s cross-border payment system...
February 25, 2025
All companies strive for liquidity — the ability to turn assets into the cash needed to fund short-term liabilities. Liquidity is especially important to financial institutions (FIs) so that they can settle payments and meet their own obligations to other banks, as billions of dollars’ worth of payments cross the globe. Real-time gross settlement systems […]
August 14, 2024
Payments represent the lifeblood of business success. And business success, like payments, is inherently complex. This inherent complexity, arising because today’s payments sit at the intersection of technology, finance, regulation,...
April 25, 2024
Whenever you see a successful business, someone once made a courageous decision. That quote, by management consultant Peter F. Drucker, holds more true today than ever before — particularly given...
April 11, 2024
A migration to a new standard — a common payment processing language — for cross-border payments is no mean feat. Legacy tech, the shift to straight-through processing, staggered industry timelines...
January 07, 2025
Payments processor Payarc has launched a partnership with third-party logistics provider Allpack Fulfillment. The partnership, announced in a Tuesday (Jan. 7) news release, is designed to enhance payment processing capabilities for Allpack’s clients. “Through this collaboration, Allpack is actively referring clients to Payarc, enabling seamless financial transactions that complement Allpack’s comprehensive logistics solutions,” the news […]
November 24, 2024
Tennessee-based financial services firm Celero Commerce has acquired electronic payments technology provider Precision Payments. With the deal, announced in a news release earlier this month, Celero’s annual card processing volume...
November 06, 2024
Mastercard is collaborating with Arab regional payment system Buna to drive faster, cheaper and more transparent cross-border payments in the Middle East and North Africa (MENA) region. The partnership will...
October 02, 2024
Visa is facing a class action lawsuit from merchants connected to its debit network. The suit accused Visa of anticompetitive behavior related to its debit card network, and was filed...
