Steve Vamos, who has been CEO for five years, is retiring early next year as leader of cloud accounting software company Xero.

The B2b market produced strong growth in the third quarter ended September 30, Paya said during its recent earnings webcast.

Repay rebounded into the black for the third quarter ended September 30, while posting 17,1 percent increase in revenue. Net income was $5.4 million for the most recently quarter compared to a loss of $7.1 million a year ago.