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Turkey’s PayCore Snags New Majority Investor Amid Digital Payments Boom

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Mediterra Capital is expanding its portfolio with a big new investment that will give the top Turkish private equity firm a stake in the country’s fast-growing digital payments sector. PayCore has been pushing to expand globally from its home base in Turkey, having acquired Mastercard Payment Transaction Services Turkey Bili?im

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Cloud Payment Processor Volante Teams With Goldman Sachs On Digital Transaction Banking

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Volante Technologies Inc. , 23) it is collaborating with Goldman Sachs Bank USA to provide the payments platform for the bank’s digital transaction service. In addition to payments, the application programming interface (API)-enabled platform includes analytics, liquidity management, virtual accounts and payments.

Payments 151
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Germany’s Deutsche Bank Offers A Lifeline To Wirecard Bank

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Deutsche Bank, the Frankfurt-based multinational financial services company, is in talks with regulators to rescue Wirecard Bank, the deposit-taking division of the German payment company that is facing one of the country’s biggest accounting frauds, the Financial Times reported.

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CT Gov: First Wave Of $600 Jobless Payments Were Sent

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Ned Lamont said his state’s first batch of $600 weekly federal stimulus unemployment payments were issued last weekend, NBC reported. . Our Department of Labor worked day and night to come up with the technological fixes to ensure benefits were distributed in a timely way to our residents,” Lamont said in a statement. Connecticut Gov.

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Today In Payments: Wirecard Forces German Accounting Regs Reboot; Consumers Sour On Travel Rewards Cards

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Now, with the pandemic necessitating staying at home and out of crowded tourist spaces, customers are wondering if the payments are worth it at all. A Merchant’s How-To For Managing The Contactless Payments Surge And SCA Requirements. FDIC Looks To Modernize Bank Reporting. The Federal Deposit Insurance Corp.

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Elavon Spends $300M For Sage Pay

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payments gateway Sage Pay for $300 million, according to reports on Monday (Nov. The deal comes as Sage Pay’s parent company Sage Group said in September that it was seeking “strategic alternatives for the payments business.” Elavon was acquired by US Bancorp in 2001 for $2.1 Bancorp subsidiary Elavon is acquiring U.K.

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PingPong To Enter Europe Via $113M Investment

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PingPong collects payments from exporters selling through eCommerce platforms like Amazon , Newegg and Shopee, and the clearance of potential regulatory roadblocks is an important part of its business. Luxembourg had already passed a bill to legally issue “dematerialized securities” in April 2013 through an amendment to a 2001 securities law.