Payments

BILL Reports Third Quarter Fiscal Year 2024 Financial Results

Retrieved on: 
Thursday, May 2, 2024
Finance, Payments, Accounting, Professional Services, Technology, Luigi, Debt-to-GDP ratio, Fiscal, CFO, Ecosystem, Operating cost

BILL (NYSE: BILL), a leading financial operations platform for small and midsize businesses (SMBs), today announced financial results for the third fiscal quarter ended March 31, 2024.

Key Points: 
  • BILL (NYSE: BILL), a leading financial operations platform for small and midsize businesses (SMBs), today announced financial results for the third fiscal quarter ended March 31, 2024.
  • Operating loss was $27.6 million, compared to an operating loss of $54.2 million in the third quarter of fiscal 2023.
  • Beginning with our fiscal third quarter 2024, non-GAAP net income includes a non-GAAP provision for income taxes of 20%, which was not included in our previously-issued guidance.
  • We are providing the following guidance for the fiscal fourth quarter ending June 30, 2024 and the full fiscal year ending June 30, 2024.

Intuit Appoints Vasant Prabhu, Former CFO and Vice Chairman of Visa, to its Board of Directors

Retrieved on: 
Thursday, May 2, 2024
Professional Services, Payments, Other Professional Services, Technology, Other Technology, Software, Accounting, Karma, CFO, Ecosystem, QuickBooks, NBCUniversal, TurboTax, Safeway, Intuit, Starwood, INTU, Credit Karma, Growth, Visa Inc., Management

Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax , Credit Karma , QuickBooks , and Mailchimp , announced that it appointed Vasant Prabhu, former Chief Financial Officer and Vice Chairman of Visa, to its board of directors.

Key Points: 
  • Intuit Inc. (Nasdaq: INTU), the global financial technology platform that makes Intuit TurboTax , Credit Karma , QuickBooks , and Mailchimp , announced that it appointed Vasant Prabhu, former Chief Financial Officer and Vice Chairman of Visa, to its board of directors.
  • “We are excited to welcome Vasant to our board.
  • He has deep expertise in financial services innovation and building a global technology and payments platform,” said Sasan Goodarzi, CEO of Intuit.
  • With the addition of Prabhu, Intuit’s board now has 12 directors .

Orum Launches No Code Verify Solution, Expands Access to Instant Bank Account Verification

Retrieved on: 
Thursday, May 2, 2024
Technology, Payments, Finance, Security, Fintech, Banking, Professional Services, Software, Internet, Fed, Friction, FedNow, B2B, API, RTP, Fraud, Cryptocurrency

The new technology, launched in October 2023, makes it easy for businesses and banks to verify the status of any type of bank account.

Key Points: 
  • The new technology, launched in October 2023, makes it easy for businesses and banks to verify the status of any type of bank account.
  • Failed payments cost the global economy over $100B each year , a problem Verify solves by completing bank account verification within 15 seconds.
  • “Verify gives businesses an edge, with instant verification that enables faster, more accurate transfers and guarantees payments arrive at the intended account, safely.”
    Validates Account Status instantly, determining whether a bank account is open, valid, and able to receive payments – fulfilling Nacha requirements.
  • Orum has built new technology that leverages the Fed Now and RTP payment rails to provide real-time account information to businesses.

Cantaloupe, Inc. Announces Strategic Partnership with Innovative DisplayWorks (IDW) to Manufacture the Cooler Café

Retrieved on: 
Thursday, May 2, 2024
Technology, Payments, Other Retail, Specialty, Software, Food, Beverage, Hardware, Retail, Supply Chain Management, Smart lock, Dumbrell, Partnership, OEM, P30, IDW, Multimedia, Growth, Mobile phone

This partnership involves IDW transforming its standard coolers into smart coolers utilizing Cantaloupe's Smart Lock Connect technology and P30 card readers.

Key Points: 
  • This partnership involves IDW transforming its standard coolers into smart coolers utilizing Cantaloupe's Smart Lock Connect technology and P30 card readers.
  • View the full release here: https://www.businesswire.com/news/home/20240502544035/en/
    Cantaloupe, Inc., a leading provider of end-to-end technology solutions for self-service commerce, announced that the company has entered a strategic partnership with Innovative DisplayWorks (IDW), based in California, to become a preferred original equipment manufacturer (OEM) to manufacture its revolutionary Cooler Café for IDW’s customers across the country.
  • This partnership involves IDW transforming its standard coolers into smart coolers utilizing Cantaloupe's Smart Lock Connect technology and P30 card readers.
  • Cantaloupe’s Smart Lock technology will be seamlessly housed inside the IDW cooler or freezer unit, creating a modern and aesthetically pleasing design.

NetXD Supports the FedNow® Service, Advancing US Payment System

Retrieved on: 
Thursday, May 2, 2024
Technology, Payments, Finance, Fintech, Consulting, Banking, Accounting, Professional Services, Software, Internet, ACH, Business Wire, Federal, Send, Financial institution, TCH, Multimedia, Online shopping

NetXD is certified to enable Send and Receive credit transfers as well as Receive RFP for financial institutions.

Key Points: 
  • NetXD is certified to enable Send and Receive credit transfers as well as Receive RFP for financial institutions.
  • (Photo: Business Wire)
    Financial Institutions can use a single solution from NetXD to connect to the FedNow Service as well as the TCH RTP® network.
  • With NetXD, banks can focus on providing differentiated solutions for their customers while enjoying exceptional cost efficiency and streamlined operations."
  • To support transaction activities for financial institutions participating in the FedNow Service, NetXD completed a multi-step customer testing and certification program.

Mojaloop Foundation Launches Financial Inclusion Webinar Series

Retrieved on: 
Wednesday, May 1, 2024
Banking, Software, Mobile, Wireless, Professional Services, Philanthropy, Personal Finance, Fintech, Payments, Technology, Digital Cash Management, Digital Assets, DEI (Diversity, Equity and Inclusion), Foundation, Finance, IIPS, Series, Security, Community, UTC, Open source

The Mojaloop Foundation is excited to announce the launch of its webinar series focusing on critical elements needed to advance financial inclusion in underserved areas.

Key Points: 
  • The Mojaloop Foundation is excited to announce the launch of its webinar series focusing on critical elements needed to advance financial inclusion in underserved areas.
  • This webinar series is part of the Mojaloop Foundation's ongoing commitment to driving innovation and collaboration in the financial inclusion space.
  • The first webinar in the series, “ The Open Source Landscape: Benefits, Security and Community ,” will take place on May 16th, 2024, at 11:00 a.m. UTC, and will delve into the critical role that open source software can play in advancing financial inclusion.
  • This webinar aims to address these concerns by highlighting the advantages and benefits of open source tools in instant and inclusive payment systems (IIPS), emphasizing the importance of fostering a robust open source community, and discussing open source IIPS security considerations,” said Mojaloop Foundation Director of Community Simeon Oriko.

Upstart Launches First AI Certification Program for Financial Services

Retrieved on: 
Wednesday, May 1, 2024
Technology, Payments, Finance, Fintech, Banking, Electronic Commerce, Professional Services, Software, Artificial Intelligence, Risk, Machine learning, Artificial intelligence, Intelligence, Credit, Financial services, Organization, Knowledge

Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, today announced the launch of the online course “AI in Financial Services.” This first-of-its-kind professional certification program is designed to provide executives in financial services with the knowledge and skills they need to advance their careers and help lead the AI transformation in their organizations.

Key Points: 
  • Upstart (NASDAQ: UPST), the leading artificial intelligence (AI) lending marketplace, today announced the launch of the online course “AI in Financial Services.” This first-of-its-kind professional certification program is designed to provide executives in financial services with the knowledge and skills they need to advance their careers and help lead the AI transformation in their organizations.
  • “Artificial intelligence is shaping up to be the largest technology transformation of our time, and it’s already redefining the financial industry,” said Dave Girouard, CEO, Upstart.
  • “Upstart’s course is a giant leap forward for those seeking best-in-class knowledge about AI from an industry leader,” said Jenna Stricker, nbkc Bank’s Director of Digital Lending.
  • AI in Financial Services is the company’s second online course, following the recent launch of the Upstart Program Certification course , which is designed to help bank and credit union partners deepen their understanding of their Upstart lending program while staying regulatory-ready.

Mogo Congratulates WonderFi and KAOS Capital on Cooperation Agreement and Expresses Support for Shareholder-Friendly Decision to Nominate Three New Directors

Retrieved on: 
Wednesday, May 1, 2024
Finance, Cryptocurrency, Payments, Professional Services, Technology, Agreement, Issuer, TSX, Amendment, Acquisition, National instrument, KAOS, Inc., Bank statement, Growth, IRA, AGM

The Company also expressed its support for the cooperation agreement between WonderFi and KAOS Capital Ltd. (“KAOS”) (the “Agreement”).

Key Points: 
  • The Company also expressed its support for the cooperation agreement between WonderFi and KAOS Capital Ltd. (“KAOS”) (the “Agreement”).
  • Mogo has also agreed to sell up to 20 million of its approximately 87 million WonderFi shares over time and subject to certain terms and conditions.
  • In connection with the entering into of the Agreement, KAOS and Mogo also agreed to terminate the Voting Agreement.
  • Mogo’s ownership and control of WonderFi shares remained unchanged following the execution of the Amendment and termination of the Voting Agreement.

Ouro Announces $275,000 Gift to 2024 State Teachers of the Year in Multi-Year, Multi-Million Dollar Pledge

Retrieved on: 
Wednesday, May 1, 2024
Hispanic, Professional Services, Fintech, Payments, Consumer, Technology, Preschool, Other Education, State, Local, Primary, Secondary, Education, Other Consumer, Public Policy, Government, System, Teaching, Life, Multimedia, Student

Ouro, a global financial services and technology innovator, today announced a $275,000 gift honoring the 2024 Teachers of the Year.

Key Points: 
  • Ouro, a global financial services and technology innovator, today announced a $275,000 gift honoring the 2024 Teachers of the Year.
  • From the 2024 National Teachers of the Year event on Tuesday evening, Ouro CEO and Co-founder Roy Sosa presented the gift, explaining the 55 teachers to earn the recognition this year will each receive a $5,000 gift from Ouro.
  • The gift marks the first in a multi-year, multi-million dollar commitment from Ouro.
  • View the full release here: https://www.businesswire.com/news/home/20240501755536/en/
    Ouro CEO Roy Sosa and a 2024 honoree visit at the 2024 National Teachers of the Year event April 30 where Sosa presented Ouro's $275,000 gift.

EVERTEC Reports First Quarter 2024 Results

Retrieved on: 
Wednesday, May 1, 2024
Professional Services, Payments, Technology, Finance, Fintech, Banking, Depreciation, Webcast, ASR, Growth, Capital expenditure, Public expenditure, Acquisition, ATH, GAAP

EVERTEC, Inc. (NYSE: EVTC) (“Evertec”, the “Company”, “we” or “our”) today announced results for the first quarter ended March 31, 2024.

Key Points: 
  • EVERTEC, Inc. (NYSE: EVTC) (“Evertec”, the “Company”, “we” or “our”) today announced results for the first quarter ended March 31, 2024.
  • Latin America revenue benefited from a full quarter contribution from the Sinqia acquisition as well as continued organic growth across the region.
  • For the quarter ended March 31, 2024, Adjusted EBITDA was $78.2 million, an increase of $11.0 million when compared to the prior year quarter.
  • The Company will host a conference call to discuss its first quarter 2024 financial results today at 4:30 p.m.