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Newswire Summaries

Payment Innovation Trends, 2019-2023: IoT Payments Will Soon Become More Commonplace

Friday, December 13, 2019 — 14:49:50 (EST)

DUBLIN, Dec. 13, 2019 /PRNewswire/ -- The "Global Payment Innovation Trends 2019" report has been added to ResearchAndMarkets.com's offering. AI and IoT disrupt the global payments industry The integration of virtual voice assistants like Alexa, Google Assistant and Siri into billions of consumer electronic devices has led to the emergence of a new form of AI-powered payments using voice command. Voice-activated payments are projected to see rapid growth between 2019 and 2023. In addition,...

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Analysis on Philippines $19.81Bn Mobile Wallet & Payment Market, 2019-2025

Friday, December 13, 2019 — 14:48:19 (EST)

DUBLIN, Dec. 13, 2019 /PRNewswire/ -- The "Philippines Mobile Wallet and Payment Market Opportunities (Databook Series) - Market Size and Forecast across 45+ Market Segments in Mobile Commerce, International Remittance, P2P transfer, Bill Payment, Retail Spend, Consumer Attitude & Behaviour, and Market Risk" report has been added to ResearchAndMarkets.com's offering. According to the report, the mobile payment industry in Philippines is expected to record a CAGR of 24.1% to reach US$ 19,816.4...

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Ant Financial and Vanguard Announce Partnership to Bring Inclusive Wealth Management Services to More Consumers in China

Friday, December 13, 2019 — 14:47:37 (EST)

SHANGHAI and VALLEY FORGE, Pa., Dec. 13, 2019 /PRNewswire/ -- Vanguard, the $5.9 trillion U.S.-based asset manager, and Ant Financial Services Group, operator of the world's leading payment and lifestyle platform, Alipay, today announced a partnership to bring a new streamlined and broadly-available investment advisory service to retail consumers in China. Combining Alipay's technology and Vanguard's expertise in investment management and advisory services, the two companies' joint venture wi...

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O'Melveny to Add Five New Partners in 2020

Friday, December 13, 2019 — 14:45:47 (EST)

NEW YORK, Dec. 13, 2019 /PRNewswire/ -- Five outstanding lawyers reflecting O'Melveny's broad capabilities and commitment to diversity have been named to the firm's 2020 partner class: Matthew Hinker (New York), Tracie Ingrasin (New York), Madhu Pocha (Century City), Laurel Loomis Rimon (Washington DC), and Sevda Staykova (London). "Our new partners are rising stars in their respective practice areas," said Bradley J. Butwin, chair of O'Melveny. "They have distinguished themselves as leaders ...

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Great Hill Partners Makes All Cash Offer to Acquire VersaPay Corporation

Friday, December 13, 2019 — 14:45:01 (EST)

TORONTO, Dec. 13, 2019 /PRNewswire/ - VersaPay Corporation (TSXV: VPY) ("VersaPay" or the "Company") and Great Hill Partners ("Great Hill"), a leading growth-oriented private equity firm, are pleased to announce that the Company and an affiliate of Great Hill have entered into a definitive arrangement agreement (the "Arrangement Agreement") whereby Great Hill will indirectly acquire all of the issued and outstanding common shares of the Company ("VersaPay Shares") by way of a statutory plan of a...

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CheckAlt to Hold Grand Opening, Ribbon Cutting Ceremony at New Miami Location

Friday, December 13, 2019 — 14:43:08 (EST)

MIAMI (PRWEB) DECEMBER 13, 2019 CheckAlt is hosting a grand opening and ribbon cutting ceremony at its new location in the Waterford Centre at Blue Lagoon in Miami, Fl. from 2:30-4 p.m. on Tuesday, December 17. CheckAlt’s Co-Chairman and CEO will cut the ribbon alongside key executive team members, then lead a facility tour that will conclude with a casual reception (refreshments and snacks) in our employee cafeteria. The new office, located at 6205 Blue Lagoon Drive, is near Miami Inter...

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IOSCO launches framework for monitoring leverage in funds that may pose stability risks

Friday, December 13, 2019 — 14:02:33 (EST)

The Board of the International Organization of Securities Commissions (IOSCO) today unveiled a two-step framework designed to facilitate monitoring of leverage in investment funds that could potentially pose risks to financial stability. The framework, outlined in the report on Recommendations for a Framework Assessing Leverage in Investment Funds, comprises a two-step process aimed at achieving a meaningful and consistent assessment of leverage-related risks of a fund or group of funds...

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FDIC Proposes Modernizing Changes to Brokered Deposits, Community Reinvestment Act Regulations

Friday, December 13, 2019 — 14:00:17 (EST)

On November 12, the FDIC proposed revisions to its brokered deposit regulation. Section 29 of the Federal Deposit Insurance Act prohibits less-than-well-capitalized institutions from accepting assets obtained through deposit brokers. The revisions would clarify the meaning of “deposit broker” and broaden the application of certain exceptions from the definition. These changes are intended to modernize the regulation to reflect technological changes and innovations that have occurred since ...

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Nacha Announces Profituity as a Preferred Partner for ACH Enablement and NSF Recovery

Thursday, December 12, 2019 — 15:45:48 (EST)

HERNDON, VA. (PRWEB) DECEMBER 12, 2019 Profituity is now a Nacha Preferred Partner for ACH Enablement and NSF Recovery. As a Nacha Preferred Partner, Profituity joins a select group of innovators contributing to Nacha’s strategic efforts in support of the payments ACH ecosystem. Together through this partnership, Profituity and Nacha will continue working to remove friction, increase quality, improve cash flow accessibility and efficiency, and support sound risk management and security f...

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Central Payments Rounds Out Senior Leadership Team

Thursday, December 12, 2019 — 15:45:01 (EST)

SIOUX FALLS, S.D. (PRWEB) DECEMBER 12, 2019 Central Payments, a leading provider of bank-as-a-service platform technology and the fastest growing issuer of prepaid debit cards in the U.S. since 2015, has rounded out its executive management team with the addition of a payments veteran and the promotion of three senior staff. The team joins Trent Sorbe, Founder and President of Central Payments, to lead the organization’s rapid trajectory in bank/fintech partnerships and open-API banking. ...

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