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These Are Your Most Profitable Cash Management Clients

South State Correspondent

The treasury or cash management customer is usually a bank’s most profitable customer on a risk-adjusted basis ( HERE ). In this article, we discuss cash management profitability and rank the most profitable industries for banks to go after. As such, operating accounts have low-interest rate sensitivity.

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North Lane, daVinci Payments Finalize Merger; Form Syncapay

PYMNTS

They now operate together under the Syncapay brand umbrella via a holding firm created with a new majority equity investment from funds that Centerbridge Partners advises, according to the announcement. “The 10) announcement.

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Today In Retail: Resale Company StockX Lands $275 Million For Growth; Rite Aid Reports 12 Pct Revenue Increase

PYMNTS

StockX has notched $275 million in a Tiger Global Management-led Series E funding round. The company, which is based in Pennsylvania, operates over 673 retail stores in 45 states and through the web at rue21.com. Plus, the convenience store vertical has seen $21.7 billion of consolidation deals unveiled in the past four months.

Retail 226
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Wirecard Shares Surge As Investors Offer To Buy Insolvent Payments Company

PYMNTS

Michael Jaffe, the company’s insolvency administrator, said Wirecard has enough liquidity to keep operating for the time being. The Pennsylvania-based firm, which calls itself a self-sustaining entity, substantially autonomous from Wirecard AG with more than 20 years in the payments industry, has hired an investment bank to manage the sale.

Company 165
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Gearing Up New Operations

Independent Banker

A Pennsylvania community bank’s perspective on the rewards and potential perils of developing a separate business line. billion-asset community bank’s successful foray into insurance provides valuable insight into how boards and bank management should carefully vet decisions by conducting thorough due diligence. Intangible factors.

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Wirecard Seeks Forensic Investigation Into Its Collapse

PYMNTS

Proceeds from the sale of those operations could total as much as 100 million euros ($114 million). Meanwhile, Wirecard is seeking buyers for its European operation and Wirecard Bank, its lending operation, Reuters sources said. Late last month, Wirecard North America Inc.

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When An 110-Year-Old Company Needs A Digital Upgrade

PYMNTS

In 1910, Albert Roye installed a glass-cutting machine in a small shed behind his home in Susquehanna, Pennsylvania and founded what he dubbed the Susquehanna Glass Factory. After a decade, the business had grown up enough that it moved to a real factory in nearby Columbia, Pennsylvania. At first, no one was happy,” Anders recalls.

Company 136