Global Payments may pare operations
Payments Dive
FEBRUARY 15, 2024
While there has been industry speculation about the company making an acquisition, CEO Cameron Bready was more ready to talk “pruning” this week.
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Payments Dive
FEBRUARY 15, 2024
While there has been industry speculation about the company making an acquisition, CEO Cameron Bready was more ready to talk “pruning” this week.
Payments Dive
AUGUST 4, 2023
The company is pulling the plug on Cash App’s Verse brand in the European Union and buy now, pay later operations in Spain, France and Italy.
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Payments Dive
MAY 16, 2022
"I’ve been disappointed to see how the payments industry is constantly looking for ways to profit off of small businesses in sneaky ways," says Copper CEO Dickson Chu.
Payments Dive
JULY 21, 2023
Ming-Tai Huh shares how his position as a restaurant operator and a tech executive has given him a singular view of the restaurant industry’s challenges.
Perficient
MARCH 30, 2023
The front office is screaming down to the Settlement Office, “Operations, we need more capital!” Any operations team that has dealt with a stock loan trading desk can contest the inherent friction between providing more available securities to the desk and reliance on settlement cycles and market constraints.
Payments Dive
DECEMBER 4, 2023
Leaders are confronting growing challenges across their payment operations.
Payments Dive
OCTOBER 21, 2022
The major payments processor agreed to sell an IT business unit and a Costa Rica division to Infinite Computer Solutions. They also entered a multiyear pact for the buyer to keep providing services.
Payments Dive
MAY 30, 2023
The modern card-issuing company is closing its outpost in Australia as part of its cost-cutting campaign.
PYMNTS
DECEMBER 10, 2020
This month’s Deep Dive examines how mobile and contactless payment options are poised to reshape the corporate payments ecosystem as well as how virtual cards can help businesses adapt their operations to the digital-first payments ecosystem that has emerged. . Reshaping Business Payments . Much of the U.S.
Payments Dive
MAY 1, 2020
Major banks are reviewing plans to relaunch branch operations after the peak of the COVID-19 pandemic in the U.S., but executives and experts say some key changes in bank operations will likely continue going forward.
PYMNTS
JANUARY 18, 2019
JPMorgan Chase is planning the consolidation its corporate payment operations by combining small business (SMB) and large enterprise solutions, the Financial Times ( FT ) reported on Thursday (Jan. The combined entity will be called the Wholesale Payments unit.
Payments Dive
JUNE 30, 2020
Wirecard North America officials said the company was looking for a new owner as the multi-billion accounting scandal at the German-based payments firm reverberated across the globe. UK regulators reached agreement to let operations resume there.
Payments Dive
APRIL 20, 2022
From QR codes to advanced mobile apps and robots, restaurants are planning to adopt more technology within their operations — including payments — in the year ahead.
PYMNTS
DECEMBER 17, 2020
To roll out an alternative international money transfer offering called Co-opRemit, the Co-operative Bank of Kenya has teamed with international payment provider Thunes , according to an announcement. “We Co-operative Bank of Kenya works with 8.8 In September, Thunes announced that it had landed $60 million in Series B funding.
Payments Dive
MARCH 7, 2022
The payments giants all separately cut off use of their services in Russia, citing that country's invasion of Ukraine. "This war and the ongoing threat to peace and stability demand we respond in line with our values," Visa CEO Al Kelly said in a Saturday statement.
Payments Dive
MAY 1, 2023
CEO Jeff Sloan will step down June 1 and be replaced by the payment processor’s president and chief operating officer, Cameron Bready.
PYMNTS
AUGUST 21, 2020
As Wirecard AG’s global operations close following its bankruptcy filing, the German payment company has agreed to sell what’s left, the Financial Times reported. In addition, he noted that the sale of some of the company’s operations in Britain and North America could be announced soon. billion euros ($2.1
The Paypers
DECEMBER 7, 2023
Cyprus-based BridgerPay has launched its omnichannel payment operations platform to provide flexible and simplified business payment processes.
Accenture
NOVEMBER 16, 2020
Inside that complexity lie some operational hurdles for payments players—but also tremendous opportunities. The post Why ISO 20022 is a seismic shift for payments appeared first on Accenture Banking Blog. There’s no two ways about it: ISO 20022 is a complex new standard for financial services firms of every description.
PYMNTS
JANUARY 8, 2020
The post did not say when Amex would start operations in the country. In November of 2018, Amex got approval to clear card payments by the PBOC , making it the first company of its kind to get access to what will become the largest card network this year. Lianlian counts PayPal and Apple among its strategic partners.
South State Correspondent
SEPTEMBER 13, 2023
Most banks ignore instant payments or are still worried about fraud and research. The irony is that of the estimated $25 trillion in B2B payments in the U.S., Why Payments Matter For the bank, the correlation between transactions processed and profitability is exceedingly high – approximately 82%.
Perficient
JULY 16, 2020
Expand access to all clinical specialties virtually, deploying a clinical operating model that seamlessly provides both virtual and physical care as needed/demanded. The New Challenge: Creating A Pluralistic Clinical Operating Model. The Essential Dimensions of the Pluralistic Clinical Operating Model.
PYMNTS
JANUARY 8, 2021
Whether it was helping small businesses get their PPP payments or convert to eCommerce, getting cash in the hands of workers delivering food, or accommodating digitized mortgage closing and escrow activity, the coronavirus has foisted a lot of change on the financial services industry in a short amount of time. “A So Much More Than Payments.
BankInovation
APRIL 12, 2024
JPMorgan Chase is investing in innovation and technology within its wholesale payments operations amid rising demand for global payments capabilities. trillion bank is leaning into payment systems, Chief Financial Officer Jeremy Barnum said today during the bank’s first-quarter earnings call.
PYMNTS
JANUARY 24, 2021
The paper cited positive data from a large swath of UK tour operators. Bus operator National Express reported a 185 percent increase in bookings for spring and summer trips compared with bookings made during the same period in 2020.
Payments Dive
JANUARY 24, 2023
The wallet, which is expected to launch in the second half of the year, aims to compete with PayPal and Apple, sources told The Wall Street Journal. But serious competition may take a while, an analyst said.
PYMNTS
OCTOBER 30, 2020
It cannot be overstated how integral non-cash payments are to the global economy, with the United States processing more than 174.2 billion of these payments in 2018 alone for a total of $97.04 Cash payments are quickly falling to the wayside, with only 26 percent of all U.S. Digital payments are fraught with obstacles, however.
Perficient
FEBRUARY 27, 2023
The payments industry is no different, and we’re quickly approaching a new intersection point due to the Real-time Payments’ movement into the US. These days, as the US prepares to embrace real-time payments in 2023, the intersection of real-time payments and automation has become a key point of discussion.
Payments Dive
MAY 24, 2022
Klarna, a major buy now-pay later player and Europe's highest value fintech, has "re-evaluated" its business and made "really tough decisions" that include cutting 10% of its workforce, the CEO said.
PYMNTS
OCTOBER 28, 2020
In the November edition of the Payments Orchestration Playbook , PYMNTS examines how payments orchestration is emerging as an effective way to help bring firms up to speed as they find their digital operations wanting. Across The Payments Orchestration Ecosystem. Deep Dive: Using Payments Orchestration To Enhance ROI.
Perficient
FEBRUARY 2, 2023
Here are some of the biggest payment trends we’re forecasting for the new year. Security/Biometric Payments With the widespread popularity of digital payments continuing to grow, security remains at the forefront of concern for payment companies and their vendor partners.
South State Correspondent
JULY 12, 2023
Next week, FedNow goes live, ushering in the next era of faster payments. FedNow joins The Clearing House, which has offered real-time payments (RTP ® ) for the last five years. Banks are about to win back payment flow from non-banks, and in this article, we break down how this will happen and what it means for your bank.
PYMNTS
SEPTEMBER 29, 2020
New payment rails are once again in the spotlight as real-time payments and cryptocurrency emerge as the top focuses for innovators. In this week’s look at payment rails innovation, the European Union begins paving the way for greater crypto adoption, while Mastercard expands its own crypto accelerator initiative.
Payments Dive
OCTOBER 13, 2022
“Not all payment platform companies are managing operational and security as judiciously as they could, and that will eventually result in costly payment failures, customer friction, or potentially a breach,” writes PayNearMe Vice President Tim Murphy.
PYMNTS
MARCH 1, 2018
The Bank of England’s chief operating officer is joining the U.K.’s s New Payment System Operator (NPSO). Payments Administration’s current Deputy CEO, Jenny Crawford, is joining the NPSO as its chief people officer. Payments Administration (UKPA) to provide support to payment system operators.
Chris Skinner
JANUARY 16, 2020
Just before Christmas I heard of a new European payments initiative called PEPSI, short for Pan European Payment System Initiative. Nice acronym although I prefer Coca-Cola, the Co-ordinated Car Co-operative Association. Or something like that. Anyways, whichever Cola you prefer, this new initiative is interesting.
Payments Dive
OCTOBER 18, 2016
See why many entrepreneurs are operating turnkey payment businesses without the need for a bank license. Initiating a financial institution offers many challenges.
PYMNTS
JULY 27, 2020
Cross-border trade and payments have gotten far easier in recent years, and that’s a beautiful thing for recovering companies seeking new territories and customers. Noting that some countries are able to operate more normally now than the U.S., The world economy won’t wait for the U.S. to recover.”. to recover.
ATM Marketplace
MAY 30, 2023
We’ve created this guide to look at the key trends and issues facing testing operations in the financial services industry in 2023 and will impact your people and your organization. 2023 is shaping up to be another year of uncertainty. There is no “new normal”, only more change.
PYMNTS
SEPTEMBER 19, 2017
The adage holds true in payments, especially, and manual processes are to blame. That’s when operational streamlining through financial technology becomes key. Do this day in and day out, and you create operational inefficiencies that may eventually cripple a company. B2B Payments Via Banking Providers Are Slow And Expensive.
PYMNTS
NOVEMBER 1, 2020
Nikita Melnikovs , member of the board at card payments technology company DECTA , said the rampant shift into digital commerce has led to some companies making mistakes like spending too much money on website development.
PYMNTS
JANUARY 21, 2021
United Airlines reported that Q4 2020 operating revenue plunged by 69 percent from Q4 2019 as the pandemic continued to challenge the aviation industry. The firm also reported $23 million of Q4 2020 daily cash burn in addition to $10 million of average debt principal payments and severance payments daily. loss per share on $3.44
South State Correspondent
AUGUST 25, 2016
Operational risk gets the short shrift in banking. Credit and interest rate risk are the big men and woman on campus (just to throw in a back to school metaphor) while operational risk is usually relegated to the shallow end of the pool. Take payment risk for example.
PYMNTS
NOVEMBER 12, 2020
Payments Canada is teaming up with Mastercard’s Vocalink for clearing and settlement for the country’s new real-time payments system, the Real-Time Rail (RTR). Delegated by the Canadian Government, Payments Canada is responsible for the clearing and settlement infrastructure, processes and rules.
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