Corpay, Inc., the corporate payments company, announced that it has signed a definitive agreement to sell PayByPhone, a mobile parking payments business, to Lightyear Capital.

“We’ve agreed to terms to divest our PayByPhone business, and hope that PBP will prosper under Lightyear’s ownership,” said Ron Clarke, Chairman and CEO of Corpay. “The transaction is another step to simplify our portfolio, and speed our rotation to more corporate payments.”

Truist Financial Corporation today announced a new integrated receivables platform that uses AI and machine learning to help commercial and corporate clients simplify receivables and improve cash visibility. The solution matches payments to invoices across checks and electronic rails, unifies payment and remittance data, and accelerates cash application activity.

Adclear, the financial promotions platform, has today announced that it is partnering with leading investing and trading platform IG, to leverage the power of AI across marketing compliance. IG will embrace the cutting-edge technology to supplement existing processes to ensure all marketing, social media, website and product content adheres to the latest “finprom” rules and regulations. 

Artificial Labs, the fintech pioneer redefining how specialty and commercial insurance is traded, has announced a landmark $45 million Series B funding round. This infusion of capital signals a major shift in the insurance value chain, as carriers and brokers move away from legacy manual processes toward data-driven, algorithmic decision-making.

Payment provider Exactly.com has partnered with GP Solutions, a leading travel software development company, in a strategic move to reinforce its position in the tourism segment. The partnership is rooted in a shared mission: to create equal conditions for travel businesses of any size, offering fair fees, human-driven support, and proactive performance analysis that helps companies scale without scaling costs.

Noah, the financial infrastructure company, has partnered with Sumsub, a global leader in identity verification and fraud prevention, to bring faster, borderless and scalable onboarding to thousands of financial firms worldwide. 

Capital markets infrastructure provider Axiology has secured €5 million in seed funding to introduce new tokenised securities capabilities under the EU DLT Pilot Regime. The new capital enables Axiology to expand its already operational system, bringing the full lifecycle of digital fixed-income instruments into one regulated environment and execute its go-to-market strategy.

LemFi, the global financial platform built for the underserved, is launching its remittance services in Australia after receiving approval from the country’s financial services regulatory unit. The approval marks a significant milestone in LemFi’s global expansion and enables the company to begin offering its remittance services to customers in Australia, one of the world’s fastest-growing and most important outbound remittance markets.

Global fintech SumUp has launched its latest innovation in the UK, the Solo Lite card reader, now available to merchants across Europe. 

Solo Lite empowers small businesses and entrepreneurs with a cost effective, portable, reliable, and easy-to-use payment solution. A one time device cost of £25 and a small fee for every transaction makes it an ideal starter device for entrepreneurs. 

Thredd, the leading next-generation global payments processor, today announced that Vault Payment Solutions, Australia’s leading provider of secure card payments, has selected Thredd to power its expansion into new regions on Mastercard’s global network. The partnership will support Vault’s launch of new prepaid, debit, and private-label card programmes in Australia and the United Kingdom.