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Priority Technology Holdings is seeing widespread demand for its suite of services that include both software-as-a-service (SaaS) payments and banking.
The company recorded strong performance in each of its three business segments, Tom Priore, chairman and CEO of Priority Technology Holdings, said Thursday (May 9) during the company’s quarterly earnings call.
“Maintaining the momentum we...
TabaPay has reportedly ended its planned acquisition of bankrupt FinTech company Synapse.
A TabaPay spokesperson told TechCrunch on Thursday (May 9) that the company had “pulled out” of the deal and had sent “termination notice of the purchase agreement this morning based on failure to meet the purchase agreement closing conditions,” the publication reported Thursday.
Synapse Co-Founder and CEO...
In response to a recent cyberattack that exposed the data of 100 million Americans, the Biden administration reportedly intends to require hospitals to meet minimum cybersecurity standards.
Deputy National Security Advisor for Cyber and Emerging Technology Anne Neuberger said Thursday (May 9) at the Bloomberg Tech Summit that the administration plans to issue a notice of proposed rulemaking in...
Oracle has reportedly encountered obstacles in its ambitious plans for electronic medical records company Cerner, which it acquired for $28 billion in December 2021.
The company has lost several major clients since the acquisition, its focus has shifted from innovative product ideas to upgrading legacy systems, and its engineers have been taken aback by the effort required to implement changes...
Artificial intelligence (AI) startup Anthropic has defended its decisions to partner with Amazon and Google, saying that collaborating with two companies gives it greater independence than it would have if it teamed up with only one.
“That independence and that choice is one thing that I think differentiates Anthropic from some of these other deals,” Anthropic Co-Founder and CEO Dario Amodei said...
The internet has been both a blessing and a curse to society and commerce alike.
And with the news Wednesday (May 8) that a criminal network of over 75,000 fake eCommerce shops has scammed over 800,000 shoppers in the U.S. and Europe, embracing digital innovation while at the same time ensuring payments security is top of mind for businesses, particularly smaller ones just starting their online...
Bain Capital, a leading private multi-asset alternative investment firm, has made a minority growth investment of $250 million in Sikich, a global technology-enabled professional services company.
This investment is expected to accelerate Sikich’s growth and enhance its position as a leader in the professional services industry, the companies said in a Thursday (May 9) press release.
Under the...
Amazon said Thursday (May 9) that the updated fees for merchants using its fulfillment, storage and shipping services reflect underlying costs and are “significantly less” than those announced by other major fulfillment services.
“We have been listening to seller feedback and working with our seller partner community to explain our updated fees, which are designed to more accurately reflect...
Small businesses on Main Street have proven to be more resilient than many of their larger counterparts, according to the PYMNTS Intelligence report “Main Street Businesses Are Outperforming the US Economy.”
In the last 12 months, Main Street businesses have been operating with the lowest risk of closure since early 2020.
These findings stood out in the most recent Main Street Index, which PYMNTS...
As consumers step up their spending on travel and on local experiences, Groupon noted, they are pulling back on buying products.
The eCommerce marketplace shared in an investor presentation accompanying its first-quarter 2024 financial results Thursday (May 9) that, with the exception of its “Goods” business — which sells retail products — its North American segment, which accounts for the bulk...