Search Results for: Global Payments
Reports from CPMI-IOSCO advance regulatory agenda on central counterparties
August 16th, 2016
Reports published today by the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) are aimed at enhancing the resilience of central counterparties (CCPs), an important move towards completing the regulatory agenda for ...
Paysafe published Unaudited Interim Results for the 6 months ended 30 June 2016
August 12th, 2016
Paysafe Group plc, global provider of payment solutions, reports strong growth in the six months ended 30 June 2016. Reported H1 2016 revenue increased 118% to $487m (H1 2015: $223m); pro-forma constant currency revenue growth was 20%, up from ...
Financial technology: Money finds new paths
August 12th, 2016
Africa may be slowest to embrace fintech, but the continent is ripe for disruption. WHAT IT MEANS: Australia’s progress a benchmark for Africa. Africa’s unbanked are an opportunity for tech firms. Disruption of the banking sector is well on ...
Australia to regulate bitcoin under counter-terrorism finance laws
August 9th, 2016
Jakarta: Australia is moving to become one of the first countries to regulate e-currencies such as bitcoin under its anti-money laundering and counter-terrorism financing laws. Bitcoin – the most prominent digital currency to emerge globally – is backed by a ...
First Data reports second Quarter 2016 financial results
August 2nd, 2016
First Data Corporation (NYSE: FDC), a global leader in commerce-enabling technology and solutions, today reported financial results for the second quarter ended June 30, 2016. Consolidated revenue for the second quarter was $2.9 billion, up 2% versus the prior year ...
Oil Retreat Sinks Asian Stocks; Aussie Declines After RBA Cut
August 2nd, 2016
Crude oil hovers at $40 a barrel after entering bear market Japanese government to give details of fiscal stimulus Tuesday European stocks declined for a second day and dollar weakened as oil traded near $40 a barrel. Japanese 10-year ...
EBA CLEARING makes available specifications for its pan-European instant payment solution
August 1st, 2016
Payment service providers across Europe are now able to prepare for connecting to this new real-time infrastructure platform from as early as November 2017 The objective of the Company’s instant payment project is to deliver a liquidityefficient pan-European instant ...
MasterCard Announces Acquisition of VocaLink
July 22nd, 2016
MasterCard Incorporated (NYSE: MA) today announced that it has entered into a definitive agreement to acquire 92.4 percent of VocaLink Holdings Limited for about £700 million (approximately US$920 million), after adjusting for cash and certain other estimated liabilities. VocaLink’s ...
The Central Bankers’ Bold New Idea: Print Bitcoins
July 20th, 2016
When it comes to bitcoin and digital currencies, central banks might be considering the adage: “If you can’t beat them, join them.” In a research paper published on Monday, economists at the Bank of England advocated that central banks issue their own ...
Western Union Business Solutions expands to seven new markets
July 18th, 2016
Western Union Business Solutions, a business segment of The Western Union Company (NYSE:WU) and a leader in global payment services, today announces enhanced capabilities to its WU® EDGE digital trading platform, including expansion of the platform’s fee-free* network, and availability into ...
