article thumbnail

Paytronix Picks Payments Industry Veteran Porter For Board

PYMNTS

Porter nabbed the 2016 EY Entrepreneur of the Year Award in the Financial Technology category for the Central Texas region. Amy is an exceptional entrepreneur,” said Nick Cayer, partner at Boston-based Great Hill Partners. In 2019, Porter took on the role of executive chairman at AffiniPay.

Industry 130
article thumbnail

Funding Round Could Give AvidXchange $2B Valuation

PYMNTS

Investment bank Financial Technology Partners is advising AvidXchange on this fundraising round, according to sources. percent through 2028, according to Boston Consulting Group. This latest fundraising could top $300 million. AvidXchange previously raised $300 million in 2017 at a $1.4

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Crypto 2020: One Step Up; Two Steps Back

PYMNTS

Jeremy Allaire , CEO of financial technology firm Circle , told PYMNTS that digital currencies are ready to transition from speculation to become more broadly adopted in everyday commerce. . Investors, we noted, watch other investors and may bid prices higher — in expectations that prices will go, well, higher.

article thumbnail

Fed Tackles Fraud On Legacy Rails As New Infrastructure Gains Traction

PYMNTS

In an announcement made last week, the community bank said the integration will support customers that seek “new functionality” from their banking service providers, according to Chief Information Officer DJ Seeterlin, who added that customers “need financial technology tools that align with their personal and business needs.”

Fraud 266
article thumbnail

Fed Task Force Releases Payment Lifecycles And Security Profiles

PYMNTS

Established in June 2015 , the Secure Payments Task Force has engaged more than 200 financial institutions, consumer groups, payment service providers, financial technology firms, merchants, government agencies and others interested in payment security improvement efforts.

Security 100
article thumbnail

Real-Time Payments Successfully Gets Through Its First Test Drive

PYMNTS

has been notably slower — four years ago the Fed began officially turning to banks, financial technology companies, businesses and consumer groups to encourage to find ways to speed payments. Progress in the U.S. The Clearing House began work on RTP shortly after.

Payments 193
article thumbnail

Celent Model Bank Awards 2017: Banking Products Innovation

Celent Banking

Product Innovation: This sub-category features partnerships with both traditional financial technology and start-up Fintech firms to make banking more convenient, create new offerings, improve customer service, expand a bank’s digital footprint, and personalize marketing offers. I look forward to seeing you there.