Merchant

Spryker Expands App Composition Platform with Stripe as its Global Payment Services Provider

Retrieved on: 
Wednesday, April 3, 2024
Cloud, Payment, Data integration, PSP, Merchant, SLA, Business intelligence, Marketing, Commerce, Hand, Online shopping

BERLIN and NEW YORK, April 03, 2024 (GLOBE NEWSWIRE) -- Spryker , the leading composable commerce platform for sophisticated use cases in B2B, Enterprise Marketplaces, and IoT Commerce, and Stripe, a financial infrastructure platform for businesses, today announced the availability of Stripe on the Spryker App Composition Platform .

Key Points: 
  • BERLIN and NEW YORK, April 03, 2024 (GLOBE NEWSWIRE) -- Spryker , the leading composable commerce platform for sophisticated use cases in B2B, Enterprise Marketplaces, and IoT Commerce, and Stripe, a financial infrastructure platform for businesses, today announced the availability of Stripe on the Spryker App Composition Platform .
  • With the Spryker App Composition Platform, enterprises can facilitate initial integrations in one-click, allowing them to test the value of apps and services on their business quickly without wasting developer days.
  • The Spryker App Composition Platform is growing its third-party services offered across categories including Payment, Business Intelligence, Analytics, Commerce, Customer, Data Integration, Marketing, Operational Cloud, etc.
  • The Spryker App Composition Platform is available for all Spryker Cloud Commerce OS Customers.

First Busey Corporation Finalizes Acquisition of Merchants and Manufacturers Bank Corporation and Merchants and Manufacturers Bank

Retrieved on: 
Monday, April 1, 2024
Culture, Busey Bank, MSA, Partnership, FDIC, Trust, Acquisition, M&M, Merchant, Sumitomo Mitsui Banking Corporation, Workforce, Bank

CHAMPAIGN, Ill. and OAKBROOK TERRACE, Ill., April 01, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation (“Busey”) (NASDAQ: BUSE), the holding company for Busey Bank, announced the completion of its acquisition of Merchants and Manufacturers Bank Corporation (“M&M”), the holding company for Merchants and Manufacturers Bank (“M&M Bank”), effective April 1, 2024.

Key Points: 
  • CHAMPAIGN, Ill. and OAKBROOK TERRACE, Ill., April 01, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation (“Busey”) (NASDAQ: BUSE), the holding company for Busey Bank, announced the completion of its acquisition of Merchants and Manufacturers Bank Corporation (“M&M”), the holding company for Merchants and Manufacturers Bank (“M&M Bank”), effective April 1, 2024.
  • Busey will operate M&M Bank as a separate banking subsidiary of Busey until it is merged with Busey Bank, which is expected to occur in June 2024.
  • M&M Bank was founded in 1969 as a locally-owned bank valuing its roles and responsibilities as a community bank, bringing a focused expertise in business banking.
  • ArentFox Schiff LLP served as legal counsel and Keefe, Bruyette & Woods, Inc., a Stifel Company served as financial advisor to M&M.

First Busey Corporation and Merchants and Manufacturers Bank Corporation Announce Election Deadline

Retrieved on: 
Tuesday, March 26, 2024
Florida Trend, Culture, Letter, Busey Bank, Pension, M&M, Merchant, Sumitomo Mitsui Banking Corporation, American Banker

CHAMPAIGN, Ill. and OAKBROOK TERRACE, Ill., March 26, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation (“Busey”) (NASDAQ:BUSE), the holding company for Busey Bank, and Merchants and Manufacturers Bank Corporation (“M&M”), the holding company for Merchants and Manufacturers Bank (“M&M Bank”), today jointly announced that the election deadline for M&M shareholders of record to make merger consideration elections in connection with the previously announced merger between Busey and M&M is 5:00 p.m., Eastern Standard Time, on March 29, 2024.

Key Points: 
  • CHAMPAIGN, Ill. and OAKBROOK TERRACE, Ill., March 26, 2024 (GLOBE NEWSWIRE) -- First Busey Corporation (“Busey”) (NASDAQ:BUSE), the holding company for Busey Bank, and Merchants and Manufacturers Bank Corporation (“M&M”), the holding company for Merchants and Manufacturers Bank (“M&M Bank”), today jointly announced that the election deadline for M&M shareholders of record to make merger consideration elections in connection with the previously announced merger between Busey and M&M is 5:00 p.m., Eastern Standard Time, on March 29, 2024.
  • As of December 31, 2023, First Busey Corporation (Nasdaq: BUSE) was a $12.28 billion financial holding company headquartered in Champaign, Illinois.
  • Busey Bank, a wholly-owned bank subsidiary of First Busey Corporation, had total assets of $12.25 billion as of December 31, 2023, and is headquartered in Champaign, Illinois.
  • Busey Bank is honored to be named among America’s Best Banks by Forbes magazine for the second consecutive year.

NHK Cosmomedia America, a subsidiary of NHK, taps Cleeng's subscriber retention management suite for its new D2C streaming service

Retrieved on: 
Tuesday, April 9, 2024
JME, Software as a service, Io, Growth, Television, Education, SVOD, Merchant, Acquisition, NAB Show, Hi5, NHK, Season, Churn, The

AMSTERDAM, April 9, 2024 /PRNewswire/ -- Cleeng, the video Subscriber Retention Management™ leader, today announced that NHK Cosmomedia America, a subsidiary of NHK, has chosen Cleeng's entire portfolio to support their recently launched direct-to-consumer (D2C) streaming service, Jme. Launched on April 1, Jme is utilizing Cleeng's services and solutions to manage subscribers, increase customer lifetime value and introduce new monetization techniques. Specifically, Jme is using Cleeng's Core subscriber management system, Merchant for payment and checkout optimization, ChurnIQ for churn prediction analytics and Hi5 for AI-enhanced customer care.

Key Points: 
  • Newly launched "Jme" service utilizes Cleeng's premium SaaS platform, retention analytics and advanced customer service support
    AMSTERDAM, April 9, 2024 /PRNewswire/ -- Cleeng , the video Subscriber Retention Management™ leader, today announced that NHK Cosmomedia America, a subsidiary of NHK, has chosen Cleeng's entire portfolio to support their recently launched direct-to-consumer (D2C) streaming service, Jme .
  • Specifically, Jme is using Cleeng's Core subscriber management system, Merchant for payment and checkout optimization, ChurnIQ for churn prediction analytics and Hi5 for AI-enhanced customer care.
  • Each of these solutions will be on display at The NAB Show in Las Vegas in Cleeng's booth W3749.
  • Rounding out Cleeng's portfolio is its Hi5 customer care team across 100 countries supporting 29 languages around the clock.

Sprouts Farmers Market Announces New NIL Deals

Retrieved on: 
Tuesday, March 19, 2024
Gymnastics, Retail, University, Education, Volleyball, Organic Food, Basketball, Women, Baseball, Sports, Supermarket, Family, Licensing (Sports), Food, Beverage, Consumer, Sprouts, Week, Conference, Organization, Cole, NCAA, School, Merchant, Gold, Female, Athlete, Woman, Farmer, Farmers' market, Multimedia, Title IX, NIL

Sprouts Farmers Market will continue its long-term commitment to women’s athletics by announcing nine new individual Name, Image and Likeness (NIL) deals with female athletes from schools in Sprouts communities across the country.

Key Points: 
  • Sprouts Farmers Market will continue its long-term commitment to women’s athletics by announcing nine new individual Name, Image and Likeness (NIL) deals with female athletes from schools in Sprouts communities across the country.
  • View the full release here: https://www.businesswire.com/news/home/20240319259277/en/
    Sprouts Farmers Market brings on new NIL deals with female athletes including Cameron Brink, the Pac-12 Conference's Women's Basketball Player of the Year.
  • (Photo: Business Wire)
    To date, Sprouts has executed more than 150 female athlete deals through NIL partnerships, solidifying its position as a key supporter of women’s sports.
  • In 2022, Sprouts celebrated the 50th anniversary of Title IX with 50 NIL sponsorships of female athletes within the Pac-12 and Big 12 conferences.

KBRA Assigns Preliminary Ratings to KCG Securitization 2024-1, LLC

Retrieved on: 
Friday, March 15, 2024
Banking, Professional Services, Insurance, Finance, Olive, KCG, Business, Sale, KBRA, Merchant cash advance, Note, Merchant, BOC, Issuer, Business loan

KBRA assigns preliminary ratings to two classes of notes (the “Notes”) issued by KCG Securitization 2024-1, LLC (“KCG 2024-1”).

Key Points: 
  • KBRA assigns preliminary ratings to two classes of notes (the “Notes”) issued by KCG Securitization 2024-1, LLC (“KCG 2024-1”).
  • Kalamata.com, LLC (“Kalamata”), through its subsidiaries, Kalamata Capital Group, LLC (“KCG”, the “Company” or “Servicer") and Black Olive Capital LLC (BOC), provides financing to small and medium-sized business through merchant cash advances and small business loans.
  • KCG 2024-1 is the inaugural securitization for the Company.
  • KCG Securitization 2024-1, LLC (the “Issuer”) will issue two classes of Series 2024-1 Notes, Class A and Class B Notes (collectively, the “Notes” or “KCG 2024-1”) totaling $80 million.

Achieve survey reveals why consumers get hooked on buy now, pay later financing

Retrieved on: 
Tuesday, April 2, 2024
SAN, BNPL, Merchant, Research, Motivation, Bank

SAN MATEO, Calif., April 2, 2024 /PRNewswire/ -- Consumers who use buy now, pay later say it's a convenient payment method that helps them make ends meet, but most users also acknowledge the installment loans make it easy to get over-extended financially, according to the results of a new survey by Achieve, the leader in digital personal finance. Over three-in-four respondents (78%) agree with the statement that it's easy to get over-extended using buy now, pay later (BNPL), while 56% agree that keeping track of multiple BNPL transactions is difficult.

Key Points: 
  • Consumers say interest-free payments and speedy approvals make buy now, pay later more convenient than credit cards and traditional retailer financing, but many also acknowledge that it's easy to get overextended financially.
  • Over three-in-four respondents (78%) agree with the statement that it's easy to get over-extended using buy now, pay later (BNPL), while 56% agree that keeping track of multiple BNPL transactions is difficult.
  • Why consumers choose buy now, pay later financing
    Merchant required using buy now, pay later
    Could qualify for a credit card, but choose not to have one
    Q: What is the primary reason that you use buy now, pay later financing?
  • Consumer sentiment toward buy now, pay later financing
    Q: How much do you agree or disagree with the following statements?

Maritime Partners Welcomes Two New Additions to Executive Team

Retrieved on: 
Friday, March 22, 2024
CLO, Financial management, Bordes, Government, Specialization, MP, Growth, Learning, Freeman School of Business, CFO, Business, Private practice, History, Knowledge, Columbia Business School, LLP, Transport, Tulane University, Castle Harlan, Reed Smith, Merchant, MBA, Cornell Law School, Commerce, American Industrial Partners, St. Lawrence University, International business, Chase, Hellenic, Shipbuilding

NEW ORLEANS, March 22, 2024 /PRNewswire/ -- Maritime Partners, LLC ("Maritime Partners"), a leading provider of maritime financing solutions primarily focused on Jones Act vessels, has recently added Stephen J. Bordes and Greg Chase to its executive leadership team.

Key Points: 
  • Stephen J. Bordes & Greg Chase Join Maritime Partners as CFO and CLO, Respectively
    NEW ORLEANS, March 22, 2024 /PRNewswire/ -- Maritime Partners, LLC ("Maritime Partners"), a leading provider of maritime financing solutions primarily focused on Jones Act vessels, has recently added Stephen J. Bordes and Greg Chase to its executive leadership team.
  • Prior to joining Maritime Partners, he served as the CFO for New York-based American Industrial Partners, a middle-market private equity firm that invests in industrial businesses.
  • Also joining the Maritime Partners team is Greg Chase, who is serving as the firm's Chief Legal Officer.
  • Chase comes to Maritime Partners from Reed Smith LLP, a global law firm with a strong maritime practice.

Yeahka Announces 2023 Annual Results

Retrieved on: 
Thursday, March 21, 2024
Satellite, Growth, Merchant, Adjustment, Yoy, GPV, GMV, Ecosystem, API, Corporate development, Online shopping

HONG KONG, March 21, 2024 /PRNewswire/ -- Yeahka Limited ("Yeahka" or the "Company," Stock Code: 9923.HK), a leading payment-based technology platform in China, is pleased to announce its annual results for the twelve months ended December 31, 2023 (the "year" or the "2023").

Key Points: 
  • Brilliant growth momentum in one-stop payment services, GPV increased by 29.2% YoY,
    HONG KONG, March 21, 2024 /PRNewswire/ -- Yeahka Limited ("Yeahka" or the "Company," Stock Code: 9923.HK), a leading payment-based technology platform in China, is pleased to announce its annual results for the twelve months ended December 31, 2023 (the "year" or the "2023").
  • Merchant solutions effectively strengthened commercialization, capitalized on cross-segment synergies and recovered offline consumption:
    Number of active merchant solutions merchants for the twelve months ended December 31, 2023, exceeded 1.6 million, an increase of 30.8% YoY.
  • Our domestic business grew steadily while our overseas initiatives began to yield tangible results.
  • Mr. Ben Zhao, Board Secretary and General Manager of Corporate Development, added, "For one-stop payment services, we achieved a remarkable 29.2% year-on-year growth in GPV in 2023.

LinkPay has introduced virtual crypto cards (VCC) offering a 0% deposit fee and 3% cash back on all purchases, alongside a new Merchant feature.

Retrieved on: 
Thursday, March 14, 2024
Taboola, Mastercard, EUR, Merchant, USD, Meta Platforms, Visa, Marketing, Advertising, Cryptocurrency

RICHMOND, BC, March 14, 2024 /PRNewswire/ -- LinkPay has introduced a new generation of its virtual cards, which allow for everyday purchases to be made using cryptocurrency. The company has greatly simplified the usage process: users simply top up their accounts with cryptocurrency, issue and replenish virtual cards, and can immediately make purchases, enjoying a 3% cashback. Other key benefits include no deposit or withdrawal fees, multi-currency (USD and EUR) accounts, and round-the-clock online support.

Key Points: 
  • RICHMOND, BC, March 14, 2024 /PRNewswire/ -- LinkPay has introduced a new generation of its virtual cards , which allow for everyday purchases to be made using cryptocurrency.
  • The company has greatly simplified the usage process: users simply top up their accounts with cryptocurrency, issue and replenish virtual cards, and can immediately make purchases, enjoying a 3% cashback.
  • Other key benefits include no deposit or withdrawal fees, multi-currency (USD and EUR) accounts, and round-the-clock online support.
  • For more information on LinkPay's virtual crypto cards and Merchant payment gateway, please visit www.linkpay.io