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Fintech BM makes first acquisition after going public through a SPAC

BankInovation

Financial-technology firm BM Technologies Inc. BM Technologies agreed to acquire First Sound for as much as $7.22 a share in a deal valued at $23 million, the Radnor, Pennsylvania-based firm said Monday in […].

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Equifax Buys Commercial Credit Data Company Ansonia

PYMNTS

Equifax , the Atlanta-based financial technology company, has purchased Ansonia Credit Data , a commercial credit data firm. Among its top competitors are Florida-based Cortera, Universal Credit Services in Pennsylvania and Colorado’s Advantage Credit, according to Owler.com. The price was not disclosed.

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Credit Union Sues Fiserv Over ‘Baffling’ Security Lapses

PYMNTS

Bessemer System Federal Credit Union, a financial organization in Pennsylvania, is suing financial technology company Fiserv Solutions over what it calls rampant billing errors, significant bugs and “baffling” security lapses, according to reports.

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Top News In Payments: House Committee Holds RTP Hearing; DoorDash Reveals May Data Breach

PYMNTS

House Committee on Financial Services Task Force on Financial Technology held a hearing to talk about the FedNow development and its U.S. Sam’s Club is teaming with Humana and other firms to offer discounts on healthcare services to members in Pennsylvania, Michigan and North Carolina. payments ecosystem implications.

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These Are Your Most Profitable Cash Management Clients

South State Correspondent

For example, if you are a bank in California, Florida, New York, or Pennsylvania, going after private schools, colleges, or insurance companies should be considered due to not only the large number of target institutions but also the size of those institutions, which lends itself to having multiple banks.

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When FinTechs Compete, Banks Can Also Win

PYMNTS

“Disruptive FinTech startups not long ago were thought to threaten important revenue streams of even the biggest financial institutions,” reads a report released in late April by the Wharton School of the University of Pennsylvania.

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Squared Away- How It Happened

Jeff For Banks

I attended the Pennsylvania Bankers' Association Women in Banking Conference the next day. I will be attending the Financial Managers Society FMS Forum this upcoming June. March 11, 2020: The World Health Organization declared a global pandemic. And I wouldn't attend another for a year and three months.