Deluxe in the Nilson Report
BILLGO, one of the most comprehensive bill payment platforms in the U.S., will use the Deluxe Payment Exchange Network (DPX) to provide digitized check delivery of payments. DPX serves businesses of all sizes.
Area of Interest: Business to Business (B2B)
Pismo Global Payment and Banking Platform
Fintech Pismo, which opened for business in 2016, handles 4.00 billion API calls monthly from its public cloud microservices platform, which supports payments, banking and financial markets. Customers include Banco Itau, Brazil’s largest bank, which has started to use Pismo for card account processing.
Blockchain B2B Payments
More than $1.00 billion in payments have been processed by CoreChain since its launch in September 2020. The company’s native blockchain-based business-to-business (B2B) payment service is available on a white-label basis to enterprise resource planning and business process automation software companies, B2B marketplaces, banks and payment networks.
IBM Mainframes Integrate AI
With the IBM z16 platform upgrade launched this month, IBM mainframe computers, which are used by 45 of the 50 largest financial institutions worldwide for real-time transaction processing, are now integrated with Telum chips embedded with artificial intelligence (AI).
ACH Payments in the U.S.
There are two automated clearing house networks in the U.S.— the Federal Reserve’s FedACH service and the Electronic Payments Network (EPN) business of The Clearing House Payments Company. The monetary value of items handled by the FedACH and the EPN, commercial, consumer and government payments combined, totaled $72.600 trillion in 2021, an increase of 17.4% […]
Fleetcor Small Business Card
Publicly traded Fleetcor is in the process of changing the names of various business units and subsidiaries to operate under the Corpay brand. Those businesses are Cambridge Global Payments and Afex (cross-border payments), Nvoicepay (accounts payable automation), Comdata Corporate Payments (commercial cards) and Roger (bill payment). Comdata Trucking, a Fleetcor unit that focuses on private […]
In Memoriam
The Nilson Report was founded by H. Spencer Nilson in Los Angeles in 1970. Spencer passed away this month here in Santa Barbara. He was 101. Our company is a family business. Its executives include second- and third-generation members. In memoriam, we wish to share with you some of our patriarch’s life story. Spencer entered […]
733Park in the Nilson Report
733 PARK provides buy-side and sell-side merger and acquisition advisory services to ISOs, processors, crypto and fintech companies that want to make enterprise-level acquisitions or exit their business. The company has 20 years of experience. Lane Gordon is Managing Director, lane@733park.com, www.733park.com.
Diners Club Virtual Cards for the Travel Industry
Travel industry payment specialist Mystifly has 3,000 clients in Asia-Pacific (APAC), Europe, the Middle East and Africa (EMEA) and the Americas. It will offer customers the ability to use virtual prepaid Diners Club International (DCI) cards when booking with airlines. Acceptance fees on those DCI cards are priced lower than Visa, Mastercard and American Express […]
