JG Wentworth acquires Personal Finance Platform Ottopay
June 20, 20244 min
JG Wentworth acquires Ottopay, a digital consumer debt management platform
Corpay to Acquire Cross-Border Payments Company
June 20, 20247 min
Accretive to revenue and EPS growth in 2025 Company reiterates Q2’24 outlook
This global payments fintech unicorn offers a financial service interface for international transactions and global funds transfer for over 100,000 corporate entities over the world. This platform was established in 2015 and it serves as a hub for customers to receive payments from close to 180 countries and send money to over 150 countries, totaling over $50 billion in worldwide remittances as of January 2024. Challenges: Upgrading Risk Control System Amid Rising Financial Fraud The company used to leverage...
Ant International unveils bettr Through Embedded Finance
June 18, 20245 min
Ant International, a leading global digital payment and financial technology provider, unveiled bettr, a global digital lending service to provide micro lending to micro, small and medium enterprises (MSMEs) in strategic markets through embedded finance partnerships. Yang Peng, CEO of Ant International said, “I’m thrilled to introduce bettr to SMEs and industry partners across emerging markets. This is a major milestone in our journey to empower SMEs worldwide with innovative fintech solutions through open collaboration...
ECS, a global leading provider of financial solutions, announces a significant milestone in its commitment to empowering US Financial Institutions. ECS Fin achieves the Fedwire ISO 20022 certification by completing Fedwire’s DIT2 Certification Testing. This announcement brings attention to our solution IMS’s capability for seamless end-to-end transaction processing, fully complying with the Fedwire ISO 20022 rules and standards. Being a certified FedLine Direct Solution Service Provider, banks can utilize ECS Fin’s FedLine Direct connection to interface with...
Pinnacle Bank Partners with CorServ to Implement a Modern Credit Card Program for Commercial, Business and Consumer Customers
June 18, 20243 min
CorServ, a company that empowers banks and fintechs with payment programs, has partnered with Pinnacle Bank ($2 billion in assets) to launch a comprehensive credit card program for its commercial, business and consumer customers. Pinnacle Bank, headquartered in Elberton, GA, has been locally owned since 1934. Pinnacle Bank recently transitioned from its previous Agent Bank program to CorServ’s Account Issuer program. Pinnacle Bank’s commercial customers can now take advantage of better choices of credit card...
Brightwell named ACG’s 40 Fastest-Growing Companies in Georgia
June 17, 20244 min
Companies named are judged on revenue, employee growth, and individual interviews.
Payzli Restructures Strategic Leadership to Accelerate Growth
June 17, 20245 min
Payzli, a next-generation payments fintech, announced strategic changes to its leadership team to further accelerate revenue growth and solidify its position at the forefront of the dynamic fintech landscape. Effective immediately, Arash Izadpanah, will transition from Chief Executive Officer to Chief Risk Officer. Having spent over three decades in this space, Arash will leverage his extensive industry knowledge and deep risk management expertise in his new role to grow Payzli’s high-risk channel and ensure the company...
Deluxe Named to Business Transformation 150 List
June 14, 20243 min
Payments and Data Company recognized by Constellation Research Inc. for transformative, tech-driven efforts
3M transfers a portion of U.S. pension payment obligations
June 13, 20243 min
3M announced that it purchased a group annuity contract and will transfer a portion of its U.S. pension payment obligations under the 3M Employee Retirement Income Plan (ERIP) to Metropolitan Tower Life Insurance Company (Met Tower Life), an insurance company. Under the contract, 3M will transfer approximately $2.5 billion of its defined benefit pension obligations and related plan assets for approximately 23,000 U.S. retirees and beneficiaries to Met Tower Life. This represents approximately 60% of ERIP retiree participants. The contract was...