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FIS Buys Worldpay In $35B Cash, Stock Deal

PYMNTS

Fidelity Information Services ( FIS ), a global financial services technology company, announced Monday (March 18) it is merging with Worldpay , the global eCommerce and payments company, in a roughly $35 billion dollar deal. For Worldpay, it expands its distribution footprint and accelerates its entrance into new regions.

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Renaissance For Asian Tech IPOs?

PYMNTS

None other than the New York Stock Exchange anticipates that technology firms from that region will have a renaissance next year, with double-digit percentage gains over 2016 levels. That prediction comes from the head of the exchange’s global head of capital markets, Garvis Toler. Reuters reported that U.S.

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Verizon 5G Network Launch Foreshadows Mobile Commerce Changes

PYMNTS

The upcoming launches in the Midwest – in one city that is considered the capital of the region, and in another that is a growing destination for young, digitally-minded professionals, including those priced out of the Chicago housing market – represent more significant progress for the new mobile network technology.

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Off The Continent And Into Puerto Rico For Online SMB Lending

PYMNTS

For small businesses, expansion is key, and expansion needs capital. The company has said that it is the first bank in Puerto Rico to offer digital services, ranging from business credit cards to working capital loans to SBA loans.

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Retail Bankruptcy Tracker: Claire’s And Grocers Throw In The Towel

PYMNTS

billion and will also drum up $575 million in new capital through an agreement with creditors. Regional Grocery Chains Gobbled Up by Larger Competitors. Winn-Dixie will close 35 stores in Florida after its owner Southeastern Grocers filed for bankruptcy last week, Bloomberg reported.

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Community Banks Aim To Amplify Competitive Edge With FinTechs

PYMNTS

I think these non-banks, FinTech-type opportunities are going to be the biggest threat to, especially, community banks going forward,” David Seleski, president of Florida-based Stonegate Bank. Chamber of Commerce president and CEO of the Center for Capital Markets Competitiveness, in an interview with Reuters.

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Banks find a cheat code to catch up on digital: Merging

American Banker

CenterState and South State are the latest regionals to announce a deal driven heavily by the need to compete with larger banks that can afford to spend more on cutting-edge technologies.