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Usio Welcomes Payments Veteran Mr. Jerry Uffner as Senior Vice President of Card Issuing Sales

Retrieved on:

Wednesday, December 6, 2023

Software, Payments, Finance, Banking, Professional Services, Technology, Electronic Commerce, Fintech, EBITDA, FIS, Senior, Organization, Worldpay, First Data, As a service, Growth, Prepayment, Management

Usio, Inc: ( Nasdaq: USIO ), a leading FinTech company that operates a full stack of integrated, cloud-based electronic payment and embedded financial solutions, today announced the appointment of Mr. Jerry Uffner, an accomplished leader with a proven track record of driving payment operation revenue growth, as Senior Vice President of Card Issuing Sales.

Key Points:

Usio, Inc: ( Nasdaq: USIO ), a leading FinTech company that operates a full stack of integrated, cloud-based electronic payment and embedded financial solutions, today announced the appointment of Mr. Jerry Uffner, an accomplished leader with a proven track record of driving payment operation revenue growth, as Senior Vice President of Card Issuing Sales.
Mr. Uffner previously served as Senior Vice President of Prepaid at FIS, successfully stabilizing revenue and increasing EBITDA in the Prepaid Division after a period of decline.
Jerry also currently serves as President and a Board Member at BackPack Blessings in Marietta, GA.
Houston Frost, Usio Senior Vice President of Card Issuing, stated, “With record card issuing revenue growth anticipated in 2023, Jerry Uffner is a welcomed addition to our team.
We eagerly anticipate his expertise in implementing innovative payment strategies, forging strategic partnerships and leading high-performing prepaid card issuing sales.”

FIS Reports Third Quarter 2023 Results, Increases Full-Year Outlook and Announces Plans to Resume Share Repurchases in the Fourth Quarter of 2023

Retrieved on:

Tuesday, November 7, 2023

Adjusted EBITDA margin expanded by 120 basis points as compared to the prior-year period to 44.6% primarily driven by cost efficiencies.

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Adjusted EBITDA margin expanded by 120 basis points as compared to the prior-year period to 44.6% primarily driven by cost efficiencies.
Adjusted EBITDA margin contracted by 80 basis points over the prior-year period to 49.0% primarily due to the timing of operating expenses.
Revenue decreased by 29% as compared to the prior-year period to $56 million primarily due to the divestitures of non-strategic businesses.
Third quarter net cash provided by operating activities was $1.1 billion, and free cash flow was $907 million.

Brookfield Announces Appointment of Sir Ron Kalifa as Vice Chair and Head of Financial Infrastructure

Retrieved on:

Monday, October 23, 2023

Brookfield (corporation), Knowledge, Government, IPO, Council, Bank, Network International, Imperial College London, NEWS, Senior, Finance, Investment, Cryptocurrency, Renewable energy, Worldpay

BROOKFIELD, NEWS, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Brookfield Asset Management (“Brookfield”) announced today the appointment of Sir Ron Kalifa as Vice Chair and Head of Financial Infrastructure investments.

Key Points:

BROOKFIELD, NEWS, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Brookfield Asset Management (“Brookfield”) announced today the appointment of Sir Ron Kalifa as Vice Chair and Head of Financial Infrastructure investments.
Brookfield’s financial infrastructure strategy focuses on identifying opportunities in digital assets and services that form the backbone of the global financial economy.
Brookfield has invested or committed approximately $5 billion in financial infrastructure companies, including Network International1 and Magnati.
The addition of Sir Ron Kalifa to lead this strategy will allow Brookfield to increase our footprint in this critical area of focus.

Celerant's Client Conference Empowers Retailers to be more Competitive

Retrieved on:

Wednesday, October 25, 2023

Online, Trigger, Digital, Asset Management One, Sale, E-commerce, Headache, All Things Digital, Sheridan, Conference, Shift4, Software, SEO, Celerity IT, Star Micronics, Online shopping, Sales, Worldpay

ISELIN, N.J., Oct. 25, 2023 /PRNewswire-PRWeb/ -- Celerant Technology, a leading retail software and eCommerce provider, recently wrapped up its 3rd annual virtual client conference, #ClientCon23, for retail businesses using its Cumulus Retail software solution. This year's theme was 'All Things Digital,' and focused on helping retailers streamline their store operations, maximize and expand their footprint in the online world, and make the most of limited resources in the constantly evolving retail market.

Key Points:

And it helped me to understand my business a little better; taking away some of the headaches of operating my business is amazing.
"Fast forward two years, that trend continues and is now at the forefront for all our retailers.
Our annual conferences are an opportunity to educate and empower our retailers to embrace a more digital strategy."
A video recap of Celerant's 2023 Virtual Client Conference is available at: https://www.youtube.com/watch?v=uxHsh5E2sB0

Preczn Secures $6.8 Million in Funding to Empower Vertical SaaS Platforms in Operationalizing Fintech Suites

Retrieved on:

Tuesday, October 24, 2023

WorldPay, Fintech, Software as a service, Organization, Acquisition, Software, Command, PayPal, Growth, Command center, Worldpay, Food delivery, Online shopping, DALLAS

DALLAS, Oct. 24, 2023 /PRNewswire-PRWeb/ -- As the fintech industry continues to expand, it is projected that fintech transactional volume executed through vertical SaaS platforms will reach approximately $5 trillion in 2023, with a further growth projection to $7 trillion by 2026 in the US market alone. While vertical SaaS platforms have the opportunity to increase their revenue per customer by over 5 times through the delivery of these financial solutions within their software, only a minority have been able to maximize this opportunity to its fullest potential.

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Preczn, the leading financial services Command Center specializing in vertical SaaS platforms, has announced the successful acquisition of $6.8 million in funding.
This investment will enable Preczn to accelerate the deployment of embedded payments, lending, banking, and other financial services, transforming vertical SaaS product suites into fully operationalized fintech offerings.
Preczn empowers vertical SaaS platforms by offering a seamless solution that enables them to integrate once and rapidly deploy these financial solutions without the need for additional development resources.
This funding will propel Preczn forward in its mission to empower vertical SaaS platforms in unlocking the full potential of their fintech suites," commented Malik Velani, CEO at Preczn.

Advancing Global Open Banking to Empower Choice and Instill Trust

Retrieved on:

Tuesday, October 17, 2023

The promise of open banking cannot be realized without trust.

Key Points:

The promise of open banking cannot be realized without trust.
Mastercard’s open banking technology removes the friction associated with manually typing in routing and account numbers each time.
Through a new partnership with Zip, Mastercard’s open banking technology, provided by its U.S. open banking arm Finicity, will enhance the real-time underwriting process of Zip’s lending program.
“We’re accelerating our open banking connectivity across the U.S., Australia and Europe, leaning into the breadth of Mastercard’s global network, expertise in data and privacy, and trust of our brand,” said Jess Turner, executive vice president, Global Open Banking & API at Mastercard.

Advent International Appoints Fintech Executive Kahina Van Dyke as Operating Partner

Retrieved on:

Tuesday, October 10, 2023

Advent International (“Advent”), one of the largest and most experienced global private equity investors, today announced the appointment of Kahina Van Dyke as an Operating Partner.

Key Points:

Advent International (“Advent”), one of the largest and most experienced global private equity investors, today announced the appointment of Kahina Van Dyke as an Operating Partner.
“We’re thrilled to welcome Kahina as an advisor to Advent given her experience across banking, payments and technology,” said Eric Noeth, Managing Director at Advent.
"I am excited to partner with Advent to support their investment efforts and work alongside their portfolio companies, particularly in the software, payments and financial services sectors,” said Van Dyke.
Van Dyke received her Bachelor of Arts in political science and government from the University at Albany.

Improving Payment Acceptance Efficiencies Headlines the Agenda at the 2023 nexo standards Annual Conference

Retrieved on:

Monday, October 9, 2023

As payment acceptance technology and solutions continue to evolve rapidly, identifying and driving system efficiencies is a key priority for the payment community.

Key Points:

As payment acceptance technology and solutions continue to evolve rapidly, identifying and driving system efficiencies is a key priority for the payment community.
It is also the focus for the nexo annual conference , which takes place in Dublin on 18 October.
A keynote speaker from Mastercard will share real-world efficiencies to reduce costs and future-proof innovations achieved through nexo standards.
nexo standards is a community of leading international payment experts spanning Europe, America, Africa and the Middle East working to simplify and enable payment acceptance interoperability by removing decades of fragmentation.

PitchBook | LCD Releases Institutional-Grade Research on the Syndicated Loan and Private Credit Markets in Q3 2023

Retrieved on:

Thursday, October 12, 2023

PitchBook | LCD's " US Credit Markets Quarterly Wrap " provides an overview of leveraged loans, private credit and CLO market themes.

Key Points:

PitchBook | LCD's " US Credit Markets Quarterly Wrap " provides an overview of leveraged loans, private credit and CLO market themes.
The broadly syndicated loan (BSL) market even regained some ground, versus private credit, further supporting the view that the private credit and BSL markets will co-exist in the long term.
Middle market private credit CLO activity grew, maintaining an approximate 22% market share against BSL CLO activity, adding up to $18.4 billion so far in 2023.
For buyout deals, LCD tracked 25 LBOs financed in the private credit markets in 3Q23, down from 39 in 2Q23 and 69 in 1Q23.

Digital Payment Market worth $193.7 billion by 2028 - Exclusive Report by MarketsandMarkets™

Retrieved on:

Wednesday, October 4, 2023

The payment processor sector within the financial industry pertains to firms or entities that facilitate electronic payment transactions between merchants and consumers.

Key Points:

The payment processor sector within the financial industry pertains to firms or entities that facilitate electronic payment transactions between merchants and consumers.
Digital payment vendors offer professional and managed services to plan, design, implement, and deploy digital payment solutions.
Support and maintenance services help ensure the overall development of digital payment solutions, which is expected to drive the growth of the services segment.
Digital payment systems streamline invoicing and payment processing, allowing businesses to manage cash flow more efficiently.