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Popular in Puerto Rico urged by activist investor to sell

Payments Source

Raging Capital Management also urged the company's board to repurchase stock and think about selling a minority stake in the payments processor Evertec.

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FEMA Looks At Blockchain To Aid Disaster Payouts

PYMNTS

The United States Federal Emergency Management Agency (FEMA) has revealed that it might look into using blockchain technology to streamline disaster insurance payouts, as well as speed up its response to disasters. to launch an alternative crypto-enabled payment infrastructure for residents across the region.

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Popular in Puerto Rico urged by activist investor to sell

American Banker

Raging Capital Management also urged the company's board to repurchase stock and think about selling a minority stake in the payments processor Evertec.

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Singtel Teams With Axiata Digital; Cleartrip Integrates Apple Pay

PYMNTS

Cleartrip Middle East Executive Vice President and Managing Director Sameer Bagul said, according to the report, “Thanks to its high rates of internet and smartphone penetration, Saudi Arabia has become one of the leading markets in the region for technology adoption.” Elavon has customers in Canada, the U.S., the Caribbean and Mexico.

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Equifax Names Ex-Mastercard CEO To Its Board

PYMNTS

At Mastercard, he created and structured a business where he served as president of Mastercard’s Europe, Middle East, Africa and Canada regions until his appointment as president and CEO. The appointment comes as it was recently revealed that costs from the data breach at Equifax will increase by $275 million in 2018.

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Bancolombia, First Data Team Up On eCommerce Solutions In Colombia

PYMNTS

First Data and Bancolombia said they plan to bring the “latest payments innovations from Europe and the United States to the Colombian market,” including business management and eCommerce solutions. First Data is proud to partner with one of the most important financial institutions in the region.

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Morning Scan: BofA's Stress Test Team; Hedge Funds Sue Puerto Rico GDB

American Banker

BofA has fallen short on the test three of the past five years, and the bank has opted this year to employ a manager, not a numbers cruncher, to lead the team working to satisfy the complicated and controversial post-crisis regulation. The Charlotte, N.C., firm was the…