Payment

PayMaple Welcomes Payment Industry Hall of Fame Executive O.B. RAWLS IV to their Board of Directors

Retrieved on: 
Thursday, December 1, 2022

O.B.

Key Points: 
  • O.B.
  • Rawls, one of the most influential figures in payments, most recently served as CEO of Global Payment Processing at Paysafe.
  • Prior to Paysafe he held executive leadership roles with First Data, Hypercom, Bank of America and other successful fintech organizations.
  • Having an industry stalwart join PayMaple during our exponential growth phase is a once in a lifetime opportunity"
    Allen Caviles, CEO of PayMaple added - "O.B.

 U.K. Banks Modernize to Meet Regulatory, Market Demands

Retrieved on: 
Thursday, December 1, 2022

To meet new market and legal requirements, banks in the U.K. increasingly are taking advantage of new technologies, including AI, machine learning, robotic process automation (RPA), natural language processing (NLP), intelligent automation and analytics, ISG says.

Key Points: 
  • To meet new market and legal requirements, banks in the U.K. increasingly are taking advantage of new technologies, including AI, machine learning, robotic process automation (RPA), natural language processing (NLP), intelligent automation and analytics, ISG says.
  • The need to comply with new regulations is also driving U.K. banks to modernize their systems and introduce new features.
  • Banks also need to comply with tighter rules on detecting and reporting financial crime and money-laundering, a rising concern as geopolitical issues generate more international sanctions.
  • U.K. banks are updating their technology around payments and card processing to meet consumers demands for new features that give them more options, the report says.

Nordic Banks Accelerate Changes Amid Market Shake-up

Retrieved on: 
Thursday, December 1, 2022

As in other regions, the current shake-up in Nordic banking was caused in part by changes in consumer behavior during the COVID-19 pandemic and in part by FinTech startups introducing new kinds of products.

Key Points: 
  • As in other regions, the current shake-up in Nordic banking was caused in part by changes in consumer behavior during the COVID-19 pandemic and in part by FinTech startups introducing new kinds of products.
  • This trend is as strong in the Nordics as in any market, and in some respects even stronger.
  • This has led banks to both accelerate the digitalization of outward-facing elements, such as products and services, and simplify underlying processes.
  • Payment ecosystems are also being disrupted, and major Nordic banks are working together to modernize in this area by developing P27, a system for efficient, real-time domestic and cross-border payments in the Nordics.

Rapid Changes Spur Digital Transformations at U.S. Banks

Retrieved on: 
Wednesday, November 30, 2022

These changes and others are driving banks to implement more flexible next-generation technology platforms and business processes, often in partnership with service providers.

Key Points: 
  • These changes and others are driving banks to implement more flexible next-generation technology platforms and business processes, often in partnership with service providers.
  • The U.S. banking industry is aggressively carrying out transformation initiatives in digital banking, said Owen Wheatley, ISGs lead partner for banking and financial services.
  • Banks are also modernizing systems for monitoring and reporting the greenhouse gas emissions associated with projects they fund.
  • The 2022 ISG Provider Lens Digital Banking Services report for the U.S. is available to subscribers or for one-time purchase on this webpage .

National Merchants Association (NMA) Releases 2023 Trends and Predictions for the Payments and FinTech Industries

Retrieved on: 
Tuesday, November 29, 2022

LAS VEGAS, Nov. 29, 2022 /PRNewswire-PRWeb/ -- Today, National Merchants Association (NMA), an innovative FinTech company, pro-business advocate and payments acquirer transforming the financial services industry, released key trends and predictions for 2023. The critical insights shed light on what merchants, agents and payment processors can expect and prepare for in 2023.

Key Points: 
  • LAS VEGAS, Nov. 29, 2022 /PRNewswire-PRWeb/ -- Today, National Merchants Association (NMA) , an innovative FinTech company, pro-business advocate and payments acquirer transforming the financial services industry, released key trends and predictions for 2023.
  • The critical insights shed light on what merchants, agents and payment processors can expect and prepare for in 2023.
  • "We've seen many ups and downs in 2022, with more to come in the new year," says Heather Altepeter, CEO, owner and founder of National Merchants Association.
  • "As time goes on, the marriage between the finance and technology industries will only get stronger," says Travis Everett, COO of National Merchants Association.

EQS-News: Hot Chili Executes Option to Secure Major Extension to Cortadera

Retrieved on: 
Monday, November 28, 2022

Hot Chili has executed an Option Agreement enabling Hot Chili to acquire a 100% interest in AMSAs mining rights adjoining the western margin of Hot Chilis Cortadera copper-gold porphyry discovery, the centre-piece of the Companys Costa Fuego senior copper development in Chile.

Key Points: 
  • Hot Chili has executed an Option Agreement enabling Hot Chili to acquire a 100% interest in AMSAs mining rights adjoining the western margin of Hot Chilis Cortadera copper-gold porphyry discovery, the centre-piece of the Companys Costa Fuego senior copper development in Chile.
  • Cortadera has been the growth engine for Hot Chili since the Company executed a transaction to acquire the project in 2019.
  • The option enables the consolidation of Cortadera and near doubles the prospective strike length of the discovery, increasing the near term, material resource growth potential for Hot Chili.
  • Hot Chili then ceased all exploration activities at Cortadera North until an agreement could be entered into with AMSA to enable Hot Chili to acquire the adjacent landholding.

Operational Security Solutions (OSS) Announces Strategic Partnership With Monarch Technologies

Retrieved on: 
Monday, November 28, 2022

FRESNO, CA, Nov. 28, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – Operational Security Solutions (“OSS”), the premier provider of full-spectrum risk management services with specialization in secure cash management and logistics, compliance services, security consulting, and facility hardening, announced today that the company has completed a new partnership with leading Cannabis Fintech banking and payment processing solutions provider, Monarch Technologies.

Key Points: 
  • As more compliant e-commerce solutions are created for the cannabis industry and the market matures, we are seeing a natural reduction in cash movements as the industry shifts to digital, said Scott Solomon, CEO of Operational Security Solutions.
  • We look forward to expanding our service offerings for high-risk businesses in the cannabis industry through our partnership with Monarch Technologies and are proud to offer the latest in emerging trends within this space.
  • Monarch Technologies offers customized banking, payment processing systems and automated taxation services for the cannabis industry businesses.
  • Operational Security Solutions (OSS) was assembled in 2017 by a team of former law enforcement, military and federal service professionals to support the security and banking needs of high-risk, cash-intensive industries.

LECOM Opens New School of Podiatric Medicine

Retrieved on: 
Monday, November 28, 2022

ERIE, Pa., Nov. 28, 2022 /PRNewswire/ -- The Lake Erie College of Osteopathic Medicine (LECOM) announced it will open a new School of Podiatric Medicine (SPM). The LECOM-SPM Erie (PA) received approval from the accreditation agency, the Council on Podiatric Medical Education, to begin accepting students for the fall semester of 2023. The LECOM-SPM is the eleventh podiatric medical school in the United States. The four-year program will be located at LECOM's main campus in Erie, Pennsylvania and will offer a unique curricular collaboration with LECOM's College of Osteopathic Medicine.

Key Points: 
  • New school is the 11th podiatric medical school in the U.S. First class will begin in 2023
    ERIE, Pa., Nov. 28, 2022 /PRNewswire/ -- The Lake Erie College of Osteopathic Medicine (LECOM) announced it will open a new School of Podiatric Medicine (SPM).
  • The LECOM School of Podiatric Medicine is the eleventh podiatric medical school in the United States.
  • Dr. Lee earned his degree in podiatric medicine from Des Moines University College of Podiatric Medicine and Surgery.
  • Enrollment in the College of Osteopathic Medicine, School of Pharmacy, School of Dental Medicine, School of Podiatric Medicine, School of Health Services Administration and Graduate School of Biomedical Sciences has surpassed 4,400 students at campuses in Erie and Greensburg, Pa., Bradenton, Fla., and Elmira,
    N.Y. LECOM consistently graduates more primary care physicians than any other U.S. medical college while maintaining one of the lowest tuitions of any private medical school in the country.

EVRAZ plc announces Consent Solicitation in respect of its outstanding U.S.$750,000,000 5.375 per cent. notes due 2023

Retrieved on: 
Sunday, November 27, 2022

All these factors resulted in obstruction of payment processing, limiting the Issuers ability to service its obligations under the Notes.

Key Points: 
  • All these factors resulted in obstruction of payment processing, limiting the Issuers ability to service its obligations under the Notes.
  • Only Noteholders who hold the Notes as of the Record Date may submit a Consent Instruction.
  • The delivery of a Consent Instruction will not affect a Noteholders right to sell or transfer the Notes.
  • A duly executed Consent Instruction shall bind the Noteholder executing the Consent Instruction, and any subsequent registered holder or transferee of the Notes to which such Consent Instruction relates.

EVRAZ plc announces Consent Solicitation in respect of its outstanding U.S.$700,000,000 5.250 per cent. notes due 2024

Retrieved on: 
Sunday, November 27, 2022

All these factors resulted in obstruction of payment processing, limiting the Issuers ability to service its obligations under the Notes.

Key Points: 
  • All these factors resulted in obstruction of payment processing, limiting the Issuers ability to service its obligations under the Notes.
  • Only Noteholders who hold the Notes as of the Record Date may submit a Consent Instruction.
  • The delivery of a Consent Instruction will not affect a Noteholders right to sell or transfer the Notes.
  • A duly executed Consent Instruction shall bind the Noteholder executing the Consent Instruction, and any subsequent registered holder or transferee of the Notes to which such Consent Instruction relates.