Payformance said Wednesday that it raised $13 million in a third round of funding from ABS Capital Partners, which gains two seats on the company's board of directors.
The Jacksonville, Fla.-based company was founded in 1984 and provides business-to-business electronic payment software and services for the finance, insurance, banking, state and local government, and manufacturing sectors. Payformance will use the financing to fund ongoing operations as well as the expansion of its sales and marketing efforts.
Apple is nixing iPhone parenting apps: Here's why: Let's dive into the saga of mobile device management, or MDM, software and why it's causing a showdown between Apple and iOS developers.
What Amazon's one-day shipping means for you: Last week, Amazon announced it will decrease the standard shipping time for Prime members from two days to one. In this Tech Minute, here's how this change will impact your deliveries.
Discuss: Payformance reaps $13 million
Be respectful, keep it civil and stay on topic. We delete comments that violate our policy, which we encourage you to read. Discussion threads can be closed at any time at our discretion.