In a significant realignment of business strategy, i3 Verticals, Inc. (NASDAQ: IIIV) has agreed to sell its merchant of record payments business to Payroc WorldAccess, LLC for $440 million. The all-cash transaction, which includes i3 Verticals’ proprietary technology, is expected to close in the fiscal fourth quarter, subject to regulatory approvals and other customary closing […]
In a significant move for the global payment industry, Numeral, a leading payment technology provider, has announced its support for Swift payments. This new capability allows companies and financial institutions to automate cross-border payments with their partner banks to more than 200 countries. This addition complements Numeral’s existing support for local European SEPA, UK Bacs, […]
