Bank of America buys health care technology firm to expand payment services

  • Bank of America (NYSE:BAC) acquires Axia Technologies, a health care payment and technology company, in its effort to expand BofA's payment offerings for health care clients and part of a broader initiative to integrate merchant services onto its proprietary platform.
  • The move follows the dissolution of its merchant services joint venture last year. Terms of the deal weren't disclosed.
  • Formed in 2015, AxiaMed provides a gateway and terminal software solution, helping health care providers to offer end-to-end, omni-channel patient payment solutions. Its integrated offerings expand payment options available to patients and helps to streamline administrative workflows.
  • "Payments are core to what we do at Bank of America ,” said Mark Monaco, head of enterprise payments at Bank of America .
  • BofA announced in 2019 that it would end its merchant services joint venture with First Data, now a part of Fiserv , in 2020.

    • Other stock news
    Analysts foresee more revenue Bank of America, high dividend yield
    Analysts expect over 2021 rising revenue Bank of America
    Analysts: more sales Bank of America
    Analysts expect over 2021 rising revenue Bank of America
    Analysts count on sales decrease Bank of America
    Analysts expect over 2020 decreasing revenue Bank of America
    Analysts expect over 2020 decreasing revenue Bank of America, quite high dividend
    Sector news
    ING Group finishes share buy back program
    Analysts expect over 2024 revenue expansion UBS
    Extremely high dividend stock Credit Agricole
    Analysts expect over 2023 decreasing revenue ABN AMRO, high dividend yield
    Stock ING Groep goes ahead in the Netherlands in terms of dividend yields
    Analysts anticipate for 2023 on revenue decrease KBC, high dividend yield
    Analysts estimate for 2023 decreasing sales UBS, quite high dividend
    National news
    NXP reaps benefits from FRAMOS collaboration
    Tesla net onder de 500.000 cars per year
    Analysts expect over 2024 revenue decrease Caterpillar
    Analysts expect sales decline Biogen
    Analysts anticipate for 2024 on revenue increase Cognizant
    Analysts expect over 2024 growing sales Colgate-Palmolive
    Analysts expect over 2024 revenue expansion Patterson-UTI Energy, relatively high dividend
    Press news
    Test News
    Acrylic Acid Market to Reach USD 18,203.4 million by 2034, Driven by Rising Demand for Superabsorbent Polymers and Bio-based Alternatives | Future Market Insights
    Clear Blue Technologies Announces Q3 2024 Financial Results & Provides Corporate Update
    BIGG Digital Assets Inc. Reports Financial Results for Q3 2024
    MEDSIR, Featured Company at the Shanghai International Medical Oncology Symposium (7th SIMOS)
    BlueRush Delayed in Filing Financial Statements; Anticipated FFCTO
    ARCPOINT TO HOST CONFERENCE CALL TO DISCUSS 2024 Q3 FINANCIAL RESULTS AND PROVIDE CORPORATE UPDATE
    Logoanalist
    Returns European stocks
    Crypto currencies information
    About us Network Partners
    Fpgroup.nlinfo@analist.nlRSS feedContactIntellectual Property Photos Analist.nlLinksISIN
  • Glossary
    		• MorningstarPrudena.comAAII.comNASDAQvwd GroupEuronextBATS Chi-xBats
    ©2024 ValueSpectrum. All Rights Reserved
    Developed and maintained by  Velainn logo