Browsing: Fifth

Fifth Third led a strategic investment in Payload, Priority Commerce agreed to acquire IntelliPay, and CSI acquired Qolo in a series of summer transactions, PYMNTS reported. Together, the deals point to buyers valuing payments technology already integrated into the software customers use, not just standalone processing capacity. For operators, that means the entity holding payment…

A number of stocks fell in the afternoon session after the Federal Reserve delivered its first rate hike in more than three years and Chair Kevin Warsh stressed that inflation risks remain elevated. According to CNBC, the Fed unanimously raised the overnight funds rate by a quarter point to a 3.75%–4% target range and signaled…