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Deep Dive: How Automation And The Cloud Can Improve Operational Efficiency In Payments Processing

PYMNTS

FIs were fined more than $17 billion in penalties between 2009 and 2019 for improper AML procedures, for example, including major players like Commonwealth Bank of Australia, Deutsche Bank and Goldman Sachs.

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Branches more important than apps?

Chris Skinner

These new entrants join a number of more established mid-sized full service banks, such as CYBG (the owner of Clydesdale Bank and Yorkshire Bank brands) as well as other smaller, specialist players such as Aldermore (founded in 2009) and Secure Trust (operating since 1954). We’re happy being customers’ second bank.

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Eddie Bauer And Pacific Sunwear Combined In New Operating Company

PYMNTS

After news surfaced in May that Golden Gate Capital was considering a merger of Eddie Bauer and Pacific Sunwear of California , the private equity firm has created a new operating company comprised of the two retailers. Golden Gate acquired Eddie Bauer out of bankruptcy protection in 2009 with a cash bid of $286 million.

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JPMorgan: GDP Could Drop 40 Percent, Unemployment Could Reach 20 Percent

PYMNTS

JPMorgan said forecasters had been “operating in a fog” as the pandemic wrought its destruction over the past few weeks. The number of those unemployed now surpasses the high from the 2009 recession, which maxed out at 6.64 million.

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Carsharing Startup Getaround Raises $140M In Series E

PYMNTS

Founded in 2009 by Elliot Kroo, Jessica Scorpio and Sam Zaid, the company gives users the ability to rent their personal vehicles to others for set periods of time. . Silicon Valley carsharing startup Getaround won a $140 million Series E financing round led by PeopleFund, Getaround announced on Wednesday (Oct.

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Western Union Mulls Sale Of B2B Payments Unit

PYMNTS

Western Union is reportedly considering a sale of its business payments operation, unnamed sources told Bloomberg on Wednesday (Sept. According to reports, the business payment operations have become burdensome for Western Union following corporate tax changes that affect the finances of U.S. businesses in their overseas operations.

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US Business Activity Expands In January

PYMNTS

Operators of U.S. The rate of input cost inflation was the fastest on record (since October 2009), as soaring transportation and PPE costs were also noted. The findings were generated by surveys IHS Markit conducts in the hope of foreshadowing trends that emerge later in high-profile, official surveys.

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