FIS acquires Payrix in embedded finance play

Core provider FIS announced Monday that it has acquired fintech Payrix in a move that will allow FIS to embed payment capabilities within software-as-a-service (SaaS) platforms. Atlanta-based Payrix, founded in 2015, enables SaaS-based platforms to embed payments and financial technology into their offerings. The acquisition will accelerate merchants’ e-commerce offerings for platforms that primarily serve […]