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US Banks Expected To Lose 200K Jobs To Technology

PYMNTS

Mayo said, according to the outlet, “It’s been a rocky 25-year marriage for banking and technology, but it’s finally getting on course.”. Wells Fargo’s team of analysts in financial services and technology examined technology’s impact throughout the banking industry in the U.S. In separate news, U.S.

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CA Technologies Sold To Broadcom For $19B

PYMNTS

Broadcom has agreed to buy software company CA Technologies for $18.9 He added that the deal will help the company expand in a market for infrastructure technology that amounts to $200 billion, about triple the size of its current opportunity. According to The Wall Street Journal , Broadcom will pay $44.50

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Payroc Expands Payment Processing Services With Bluestone Payments Acquisition

PYMNTS

Bluestone Payments, founded by Linda Rossetti and launched in 2006, connects merchants in niche markets to payments programs through a referral system. Global payment processor Payroc announced Wednesday (Nov. 18) in a company press release emailed to PYMNTS that it has acquired Bluestone Payments.

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Turkey to be cashless by 2023

Chris Skinner

Nevertheless, from a financial markets point of view, it’s a fascinating place. Payments in Turkey, an ever-growing market… by Soner Canko, CEO of BKM Turkey, at the crossroads of Europe and Asia, has a banking sector that defies expectations. million POS machines in the market.

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SoftBank’s $21 Billion Mobile Unit IPO Slated For December

PYMNTS

According to a report in the Financial Times , the $21 billion initial public offering is slated for December 19 and is being marketed largely to Japanese retail investors who have been allocated slightly more than 87 percent of all the new shares being issued. billion raised in 2006 by Industrial and Commercial Bank of China.

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Xero Partners With Square For Faster B2B Payments

PYMNTS

Xero, which was founded by Rod Drury in 2006, is headquartered in New Zealand and is listed on the Australian Stock Exchange. Square’s mobile card reader has made a significant impact on the mobile point-of-sale (mPOS) market, making it easier for SMBs to accept payments just about anywhere. Xero launched in both Canada and the U.K.

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AWS May Soon Become the 4th Largest Enterprise Technology Business Globally

CB Insights

If AWS were to become its own independent business, it would be the fifth largest enterprise technology business in the world by revenue. But at its current growth rate, AWS may soon overtake SAP to become the fourth largest enterprise technology business. Cloud wars: the race between Google, Microsoft, and Amazon.