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FIS Closes Acquisition Of Worldpay

PYMNTS

In a move that enhances its global technology position serving merchants, banks and capital markets, FIS closed its acquisition of global payments firm Worldpay, Inc. I couldn’t be more optimistic about the future of this company and the innovations and advancements we can bring to advance the way the world pays, banks and invests.”.

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7 ways community banks can boost profitability

Independent Banker

of digital banking customers said they switched to digital banking because of the pandemic. Source: 2021 Provident Bank survey. These days, there’s a lot to contend with as a community bank, from changing consumer behaviors due to the pandemic to uncertainty surrounding the economy and inflation. By Cheryl Winokur Munk.

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CFPB files lawsuit against payment processor and former executive officer

CFPB Monitor

and its founder and former chief executive officer violated the Consumer Financial Protection Act and the Telemarketing Sales Rule by processing payments for companies engaged in internet-based technical-support fraud. In its second lawsuit filed under Acting Director Uejio, the CFPB alleges that BrightSpeed Solutions, Inc.

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Startup Check-In: Amaryllis In Full Bloom

PYMNTS

That platform has recently been white labeled by Global Payments and Heartland, one of the top five merchant acquirers in the world. Amaryllis crafts modular solutions for payment facilitators (PayFacs) and merchant acquirers, which can be used in any system serving multiple sellers and buyers and implemented in whole or in part.

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2021 GonzoBanker Awards

Gonzobanker

Digital and payments plans were developed, investments are being made, and transformation projects are being executed. Bank Deal of the Year. With prices rational and revenue pinched, there were some nice acquisitions by many banks. Bancorp for grabbing MUFG Union Bank. Bank Merger of the Year. THE BANKER AWARDS.

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Eyeing Payments And Commerce, Verifone’s 1Q Meets Street With 11 Percent Services Growth

PYMNTS

Verifone reported first quarter results that largely met expectations, driven in part by a shift to services, while management pointed to execution on strategic priorities tied to the current fiscal year. In addition to reaffirming fiscal year targets, said the executive, systems revenue declined as expected versus last year.

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Alphabet’s New CEO, Millennial Black Friday Spending And Digital Drivers’ Licenses Top This Week’s News

PYMNTS

UK Digital Bank Monzo Taps Visa Exec as US CEO. The executive has more than 25 years of experience in payments, credit cards and banking, working globally across Europe, Africa and the Middle East as well as the Americas and Asia Pacific. Expedia Leadership Shakeup Shows Power of Travel Industry Disruption. Top News .