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First Tech Federal Credit Union Helps Nearly 200 Leaders in Tech Manage Employee Relocation to U.S. with Groundbreaking Banking Program

Retrieved on:

Tuesday, March 26, 2024

Microsoft, Mastercard, Intel, Social Security, HR, Organization, Relocation, FICO, SAN, Social, Cisco, H-1B, Tech, HP

SAN JOSE, Calif. and HILLSBORO, Ore., March 26, 2024 /PRNewswire/ -- Today, First Tech Federal Credit Union, the financial partner for tech innovators, is unveiling details of the First Tech Relocation Banking Program, which helps employees moving to the U.S. with an approved employer easily set up U.S. savings and checking accounts and establish and build U.S. credit. A recent study found that 89% of U.S. employers are currently hiring foreign national employees. Moreover, a record-setting number of H-1B registrations, the program for employers seeking to hire nonimmigrant aliens, were submitted in 2022, and experts believe 2023 will show it was even higher. By reducing the financial stress for transferees with an end-to-end financial solution, including access to savings and checking accounts, credit products, and mortgage services, First Tech's program helps support eligible companies by ensuring their employees can financially settle into the US.

Key Points:

"We've been supporting our employer partners with employee relocation to the U.S. and within the U.S. for more than 20 years, and our First Tech Relocation Banking Program addresses the financial needs of their employees at every stage," said Bryan Rivers, First Tech Relocation Banking Program Manager at First Tech.
First Tech is also seeing momentum, growing its First Tech Relocation Banking Program by nearly 6% annually.
First Tech provides employees of eligible employers with access to credit products, including a $25,000 limit Mastercard, at attractive rates to help them establish credit.
For more information about First Tech's Relocation Banking Program, including approved employers, visit https://www.firsttechfed.com/discover/sponsor-companies .

U.S. Merchants Enter into Landmark Class Action Settlement with Visa and Mastercard to Eliminate Anti-Competitive Restraints and Reduce Swipe Fees

Retrieved on:

Tuesday, March 26, 2024

American Express, Mastercard, Grant, Accounting, Negotiation, Network, District court, History, Policy, Judgement, Settlement, P.C, Supreme court, Competition, Ecosystem, Visa Inc., Payment card

NEW YORK, March 26, 2024 /PRNewswire/ -- A landmark antitrust class action settlement has been reached between U.S. merchants and Visa Inc. ("Visa") and Mastercard Incorporated ("Mastercard") to resolve claims for injunctive relief in In re Payment Card Interchange Fee and Merchant Discount Antitrust Litigation. The settlement, which is among the largest in U.S. antitrust history, is subject to approval by the U.S. District Court for the Eastern District of New York. The class includes all merchants who accepted Visa or Mastercard debit or credit cards in the United States at any time during the period between December 18, 2020 and the date of entry of final judgment by the court. The class is represented by Steve Shadowen of Hilliard Shadowen LLP; Robert Eisler of Grant & Eisenhofer PA; Michael Freed of Freed Kanner London & Millen LLC; and Linda Nussbaum of Nussbaum Law Group, P.C.

Key Points:

The settlement eliminates anti-competitive restraints that will deliver U.S. merchants billions of near- and long-term savings.
Experts expect substantially greater additional savings as the agreed upon policy changes provide merchants of all sizes with new negotiating leverage against Visa and Mastercard.
Importantly, the settlement prohibits Visa and Mastercard from circumventing the injunctive relief, providing strong anti-circumvention provisions and independent verification and calculations on swipe fees.
The settlement stems from a 2005 lawsuit which alleged that merchants paid excessive fees to accept Visa and Mastercard credit cards, and that Visa and Mastercard and their member banks acted in violation of antitrust laws.

Alchemy Pay and Polyhedra Network Announce Upcoming Collaboration for Seamless Ramp Solution

Retrieved on:

Tuesday, March 26, 2024

Knowledge, Bitcoin, Mastercard, Alchemy, Visa, Elis James, Partnership, ZK, Apple Pay, Ecosystem, Cryptocurrency

Through this collaboration, Alchemy Pay will integrate Polyhedra Network's ZK infrastructure to improve the interoperability, security, and user experience of its global payment system.

Key Points:

Through this collaboration, Alchemy Pay will integrate Polyhedra Network's ZK infrastructure to improve the interoperability, security, and user experience of its global payment system.
Polyhedra Network will also integrate Alchemy Pay's seamless ramp solution, significantly improving accessibility and user experience for their global audience and $ZK token holders.
Alchemy Pay will also add support for Polyhedra Network's native token $ZK on its Ramp solutions, enabling users to acquire $ZK using fiat currencies and local payment methods in a seamless and compliant way.
By integrating Polyhedra Network's ZK infrastructure, Alchemy Pay's On-ramp solution can cover more blockchain networks by zkBridge.

ETA Honors Outstanding Achievements with 2024 Star Awards at TRANSACT

Retrieved on:

Thursday, March 21, 2024

WASHINGTON, March 21, 2024 /PRNewswire/ -- The Electronic Transactions Association (ETA) is excited to announce the recipients of the 2024 Star Awards. The awards honor individuals and companies advancing the payments industry through innovative business practices and contributions to the association.

Key Points:

WASHINGTON, March 21, 2024 /PRNewswire/ -- The Electronic Transactions Association (ETA) is excited to announce the recipients of the 2024 Star Awards.
"I am honored to celebrate the titans and leaders in the payments industry at TRANSACT," said Jodie Kelley, CEO of ETA.
The ETA Industry Affairs Awards and Recognition Committee—comprised of ETA member company executives—reviewed submissions for the 2024 Star Awards and selected recipients in the following categories:
This award recognizes a volunteer who dedicated extraordinary time and effort to a committee's success.
Star Award winners will be honored during TRANSACT, the biggest show in payments, at the exclusive ETA Awards & Visa Celebration evening hosted at Allegiant Stadium on April 17.

Payzli Partners with DisputeHelp to Protect Merchants from Increasing Risks

Retrieved on:

Wednesday, March 20, 2024

Verifi, American Express, Mastercard, Risk, Life, Knowledge, Cryptocurrency

Payzli partners with DisputeHelp to empower their merchants to deflect first-party fraud, and prevent chargebacks.

Key Points:

Payzli partners with DisputeHelp to empower their merchants to deflect first-party fraud, and prevent chargebacks.
Through DisputeHelp, Payzli will provide merchants with a payment card-agnostic, all-in-one, automated solution that integrates various tools into an easy-to-use online portal.
For Payzli, DisputeHelp is the ideal solution as it combines several key features that make it unique in the marketplace.
Empowering our partners and merchants with best-of-breed fintech solutions to grow their business is what we're all about," said Arash Izadpanah, Payzli CEO.

Businessabc.net Rebrands From Openbusinesscouncil.org And Unveils The Top 10,000 Public Companies Market Cap integrating AI Blockchain Technologies

Retrieved on:

Wednesday, March 20, 2024

LONDON and NEW DELHI, March 20, 2024 /PRNewswire/ -- Businessabc.net, formerly openbusinesscouncil.org, is a global digital certification directory marketplace created for businesses worldwide. The Businessabc digital hub marketplace provides SMEs with B2B, B2C, or service marketplaces, chambers of commerce, trade corridors, digital supply chains, provenance tools, and multi-store e-commerce and partners.

Key Points:

They are the main source of job creation globally, accounting for over 95% of the companies and about 60-70% of employment.
Digitalisation is a multi-faceted concept that involves the use and applications of a broad range of technologies, for different purposes.
"Businessabc.net stands out with its innovative service that leverages advanced technologies such as AI and blockchain to issue verifications that are matched with over 96 countries' companies houses.
With its rebranding, Businessabc.net introduces the Top 10,000 Public Companies Market Cap Index that offers valuable insights into the financial landscape.

Businessabc.net Rebrands From Openbusinesscouncil.org And Unveils The Top 10,000 Public Companies Market Cap integrating AI Blockchain Technologies

Retrieved on:

Wednesday, March 20, 2024

LONDON and NEW DELHI, March 20, 2024 /PRNewswire/ -- Businessabc.net, formerly openbusinesscouncil.org, is a global digital certification directory marketplace created for businesses worldwide. The Businessabc digital hub marketplace provides SMEs with B2B, B2C, or service marketplaces, chambers of commerce, trade corridors, digital supply chains, provenance tools, and multi-store e-commerce and partners.

Key Points:

They are the main source of job creation globally, accounting for over 95% of the companies and about 60-70% of employment.
Digitalisation is a multi-faceted concept that involves the use and applications of a broad range of technologies, for different purposes.
"Businessabc.net stands out with its innovative service that leverages advanced technologies such as AI and blockchain to issue verifications that are matched with over 96 countries' companies houses.
With its rebranding, Businessabc.net introduces the Top 10,000 Public Companies Market Cap Index that offers valuable insights into the financial landscape.

Fetch Secures $50 Million from Morgan Stanley After Achieving Profitability, Signaling Strong Growth Ahead

Retrieved on:

Wednesday, March 20, 2024

Mastercard, Growth, SVP, Meta, CPG, A.I, Roku, Advertising, Pinterest, Uber, Cryptocurrency

MADISON, Wis., March 20, 2024 /PRNewswire/ -- Fetch, America's Rewards App, has secured $50 million in debt financing from Morgan Stanley Private Credit. This infusion of capital will prime Fetch for another year of aggressive growth as the now-profitable company accelerates its journey to become the world's first rewards-for-everything platform.

Key Points:

MADISON, Wis., March 20, 2024 /PRNewswire/ -- Fetch , America's Rewards App, has secured $50 million in debt financing from Morgan Stanley Private Credit.
"Fetch is transforming the way brands and consumers connect and solving the biggest problems in advertising," said Wes Schroll, CEO & Founder of Fetch.
"We're thrilled to be working with Morgan Stanley Private Credit as Fetch moves into our next phase of maturity," said Gideon Oppenheimer, Fetch CFO.
Morgan Stanley Private Credit's investment in Fetch was led by Executive Director Griffin Coakley.

Hyperledger Foundation Adds Citi and Brazilian Development Bank as New Members; Launches Financial Services Working Group to Support Rapid Industry Adoption of Hyperledger Besu

Retrieved on:

Tuesday, March 19, 2024

Additionally, the foundation unveiled a new Hyperledger Besu Financial Services Working Group , chaired by DTCC, that will support operationalizing the open source Ethereum client for enterprise end user applications.

Key Points:

Additionally, the foundation unveiled a new Hyperledger Besu Financial Services Working Group , chaired by DTCC, that will support operationalizing the open source Ethereum client for enterprise end user applications.
Hyperledger Besu is emerging as critical infrastructure for next generation financial services.
Hyperledger Besu , a Java-based client with an extractable EVM implementation that serves both public and private permissioned networks use cases, is emerging as critical infrastructure for next generation financial services.
"The launch of a financial services-focused working group to accelerate development of critical features underscores the value of Hyperledger Foundation's open, community-driven development.

Ropes & Gray Expands its Antitrust Team with Arrival of Jackie Grise

Retrieved on:

Monday, March 18, 2024

Culture, Head, Amazon, Environment, Horizon Therapeutics, Ropes & Gray, Arena Pharmaceuticals, Sale, Acquisition, Woman, Intersect ENT, Lawyer, Therapy, Mastercard, Stent, PI, Amgen, Intersection, FTC

Jackie, a Chambers-ranked practitioner, brings more than 25 years of antitrust experience—and a strong understanding of government antitrust enforcement priorities—to Ropes & Gray's global client base.

Key Points:

Jackie, a Chambers-ranked practitioner, brings more than 25 years of antitrust experience—and a strong understanding of government antitrust enforcement priorities—to Ropes & Gray's global client base.
She has successfully guided antitrust reviews in headline deals in which U.S. antitrust enforcers have issued "second requests."
Jackie expands Ropes & Gray's award-winning antitrust practice, which Chambers notes "offers top-flight representation across the full spectrum of antitrust matters," across industries where Ropes & Gray is a giant – private equity, asset management, health care, life sciences, and technology, among other key areas.
I am excited and proud to join the already elite, deep bench of antitrust lawyers on the team," said Jackie.