Thursday , July 18, 2019

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July, 2019

June, 2019

  • 24 June

    Will Facebook’s Big User Numbers Be Enough to Catapult Calibra?

    Facebook Inc. has said it will turn over control of its Libra cryptocurrency initiative to a consortium of companies that will constitute the Libra Association. But one related property the massive social network will retain, albeit as an arm’s-length subsidiary, is its new Calibra unit, which will run Facebook’s own …

  • 21 June

    Bill Ready, a Key Player in PayPal’s Rise, To Leave Company by Year’s End

    PayPal Holdings Inc. announced late Thursday that its chief operating officer William J. “Bill” Ready will leave by the end of 2019 after six years with the online-payments leader. The unexpected departure of its number 2 executive cast some uncertainty over San Jose, Calif.-based PayPal. In mid-morning trading, its stock …

  • 19 June

    Commercial Bank of California’s Big ISO Ambitions

    Commercial Bank of California’s announcement Tuesday that Group ISO Inc. joined its wholesale independent sales organization program signals greater ambitions for the Irvine, Calif.-based bank. Group ISO will use CBC’s BIN sponsorship, a term for bank identification numbers, which is required for acquirers to send and receive transactions from card …

May, 2019

  • 31 May

    Payments Companies Are Getting Pricier, Researcher Says

    Note to payments-company owners: now just might be the right time to sell. Buyers in 2019 have paid more for firms in the payment-tech space since at least 2010, according to a new analysis by 451 Research of more than 1,100 deals over nearly a decade. The median price to …

  • 21 May

    Hedge Fund Takes 12% Stake in “Undervalued” USA Technologies

    The beaten-down shares of vending-machine payments provider USA Technologies Inc. jumped nearly 15% Tuesday on news that a hedge fund had taken a 12% stake in the company. In a regulatory filing, New York City-based Hudson Executive Capital LP said it believes USAT’s “shares are undervalued and are an attractive …

  • 17 May

    TCH Says Avidia Bank Is Just the First Smaller Bank Lining up For Real-Time Payments

    The real-time payments network built by The Clearing House Payments Co. LLC is often viewed as a creature of the big banks, including the ones that own and control TCH, but on Friday it became clear that some of the nation’s smallest financial institutions are ready to sign up for …

  • 15 May

    AmEx Acquires Resy Reservation Platform; Shift4 Unveils Pay-at-Table System

    Payments firms continue to strengthen their offerings in the dining sector as evidenced by Wednesday’s announcements from American Express Co., which said it had acquired reservation platform provider Resy Network Inc., and Shift4 Payments, which is launching a pay-at-table system called SkyTab and providing it to new merchants at no …

  • 6 May

    As Estep Opts for Retirement, Larimer Will Take Over As NACHA CEO in July

    Long-time NACHA president and chief executive Jan Estep will cede that role July 1 to chief operating officer Jane Larimer, the organization announced Monday. Estep will formally retire at the end of the year, NACHA said, following a confidential process she set in motion late in 2018 with NACHA’s board …

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