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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

PYMNTS

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.

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

PYMNTS

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.

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eBay Snags Former Amazon Alexa Executive

PYMNTS

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

PYMNTS

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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The Future of Noninterest Income at Financial Institutions

Abrigo

Once accounting for 46 percent of bank revenue (2003), more recently, noninterest income averages closer to 34 percent (2018). Capital One and Fifth Third Bank have launched programs to give customers early access to direct deposits, up to two days. Roadmap for Effective Capital Planning: Start Here. And it is trending downward.

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Got $25 Million? Six Payments Execs Share Their Post-Pandemic Startup Ideas

PYMNTS

But capital brings those concepts to life. And venture capital funding is up in the third quarter versus a year ago, although first round and seed funding activity has lagged, and investors seem to be interested in keeping their powder dry for relatively well-established companies. That’s the highest level since 2004.

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