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FinTech Cloud Technology Fuels Banking Innovation

PYMNTS

As cloud technologies emerge to help financial institutions (FIs) drive digital innovation, Finastra has introduced its Fusion Payments To Go offering for small and medium-sized banks. Alacriti, a FinTech that was started in 2003, works with banks and other customers on making the migration to digital payments. million. “The

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Palantir Raising Nearly $1B From Investors

PYMNTS

Palantir Technologies has a lot of irons in the fire as it reportedly gets ready for an initial public offering (IPO), including its current drive to raise nearly $1 billion from investors. Palantir, founded in 2003, sells software to government agencies and companies for managing and analyzing their data.

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FinTech Payment Firm Nuvei Files IPO In Canada

PYMNTS

The Montreal-based payment technology company was valued at $2 billion at the close of 2019. The lead underwriter for the offering is Goldman Sachs Canada in cooperation with book managers Credit Suisse Securities Canada Inc, BMO Nesbitt Burns Inc. Nuvei Corp. 2), seeking to raise as much as $600 million, a source told Reuters.

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BigCommerce Increases IPO Pricing Window To $21-$23 Per Share

PYMNTS

Online shopping technology provider BigCommerce Holdings is increasing its potential pricing and appended insider selling as it plans to go public, according to reports. Tiger Global Management plans to buy as much as one-fifth of the shares in the IPO. Tiger Global Management plans to buy as much as one-fifth of the shares in the IPO.

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Yotpo Joins UPS eCommerce Tech Program For SMBs

PYMNTS

Yotpo, the New York-based eCommerce marketing platform, has been selected as a partner by the UPS Customer Technology Program ( CTP ) that promises to provide small and medium-sized businesses (SMBs) with access to customer reviews, visual marketing, loyalty and referrals, the company announced. Terms of the deal were not disclosed.

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Mastercard Selects New President For European Operations

PYMNTS

Barnett will join Mastercard’s Management Committee on June 1 and will report to Gilberto Caldart, president of international for Mastercard. He added that he is eager to build on the company’s ideology to “drive new technology and innovation” and to be the “partner of choice.” .

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The Future of Checks – Tales From The Crypt

South State Correspondent

After World War II, checks were the hot payment technology and helped fuel the boom that followed. The process was sped up by technology and legislation in the 70’s and 80’s so checks could be scanned and presented faster, but the process remained costly. Checking accounts in the U.S. From there, checks steadily declined.

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