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FinTech Cloud Technology Fuels Banking Innovation

PYMNTS

Fusion Payments To Go offers “best-practice” features and operating rules for supported settlement and clearing functions, in addition to standard integration with outside applications, according to the announcement. Alacriti, a FinTech that was started in 2003, works with banks and other customers on making the migration to digital payments.

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KKR To Acquire German Digital Payments Firm Heidelpay

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AnaCap had the upper hand against rival Nordic Capital and EQT from Sweden. Founded in 2003, Heidelpay enables its clients to accept online and mobile payments and is used by more than 30,000 merchants, including companies such as L’Oréal. Worldline and Nets also lost out, according to people briefed on the transaction, FT said.

Payments 136
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MercadoLibre: The ‘Amazon Of Latin America’ Spreads Its Wings

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It now operates in 18 countries in Latin America. It launched as the eCommerce industry took off in 2003, and has seen a surge in usage with the pandemic. ” Mercado Pago has also capitalized on mobile payments by launching mPOS capabilities and a mobile wallet. Therein lies the value proposition for Mercado Pago.

America 248
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eBay Snags Former Amazon Alexa Executive

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Before his work at Amazon, he was chief operating officer of TiVo and held executive roles at Microsoft, T-Mobile, Ericsson and Sonos. Rawashdeh had technology leadership roles with eBay from 2003 to 2011 before heading over to Twitter to serve as vice president of infrastructure operation engineering at Twitter.

San Jose 128
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Payroc Combines With NXGEN, Payscape, BluePay Canada To Serve 46 Countries

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The operation will carry an enhanced, innovative Payroc brand, offering full-service global merchant acquirer services and payments processing in 46 countries. Private equity firm Parthenon Capital sponsored the merger. “We NXGEN and Payscape merged in May in a deal also backed by Parthenon Capital.

Illinois 100
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Addressing The Symptoms Of Pharmacies’ Cash Flow Ailments

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This kind of small business is a dying breed: recent stats from the RUPRI Center for Rural Health Policy Analysis at the University of Iowa found more than 16 percent of independent pharmacies shuttered their doors between March 2003 and March 2018, according to Washington Post reports. But these business owners need capital to expand.

Capital 130
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PBOC Pumps $173B Into Chinese Economy To Combat Virus Impact

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The move was to be completed through reverse repo operations as the country reopens its stock market Monday (Feb. The People’s Bank of China is poised to inject more money — $173 billion, the largest single liquidity injection since 2004 — into the country to stabilize the economic damage. 3) from the extended Lunar New Year holiday. “We