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6 May 2021, 8:24 am by Kristian Soltes
Global Payments Opens Its Wallet for More Deals as Its Amazon and Google Ties DevelopDigital Transactions News – May 4, 2021 The big processor Global Payments Inc. announced early Tuesday it will acquire Zego Inc., a payments and technology provider for managers of residential real estate, in a deal valued at approximately $830 million. [read post]
29 Apr 2021, 8:26 am by Kristian Soltes
Tech Giants Risk Squeezing Out Banks, French Watchdog WarnsBloomberg – April 29, 2021 Payment services run by Apple Inc., Google and Amazon.com Inc. may need monitoring as the tech giants’ largely unregulated financial products squeeze out those of banks, France’s competition authority warned. [read post]
26 Apr 2021, 9:05 pm by Marlon Paz
In addition, Robinhood’s CEO claimed that real-time settlement of securities would have prevented the need for trading restrictions and would reduce overall clogging in the securities clearing system. [read post]
25 Apr 2021, 9:00 pm by Shannon O'Hare
This rise in popularity is underscored by the occurrence of multi-million dollar auctions of limited quantity or one-of-a-kind NFTs representing digital artwork, collectibles, music, videos, digital real estate, games, .jpgs, and .gifs. [read post]
23 Apr 2021, 4:00 am by Jim Sedor
National/Federal A Government Ethics Office Refused to Approve Kanye West’s Financial Disclosures from His Failed Presidential Campaign MSN – Grace Panetta (Business Insider) | Published: 4/19/2021 The Office of Government Ethics refused to sign off on Kanye West’s financial disclosure forms from his failed 2020 presidential campaign. [read post]
22 Apr 2021, 8:58 am by Kristian Soltes
Some 48% of fuel and convenience-store sellers have complied with the automated fuel dispenser compliance mandate set by the card networks, according to a survey by payments provider ACI Worldwide Inc. of sellers representing 45,000 gas stations across the country. [read post]
16 Apr 2021, 8:43 am by Kristian Soltes
Visa’s Incentives to Banks Examined In Justice Department ProbeBloomberg Law – April 8, 2021 (subscription required) The U.S. antitrust investigation of Visa Inc. is scrutinizing deals the company has with banks to entice them to process more online debit-card transactions over its network — spending that surged amid coronavirus lockdowns. [read post]
6 Apr 2021, 11:05 pm by Javier Dominguez
A survey conducted by the National Association for Law Placement, Inc indicated that nearly half of law schools reported that 2020 graduates had had post-graduate employment offers rescinded. [read post]
1 Apr 2021, 8:44 am by Kristian Soltes
The most recent target is Payoneer Inc., which announced its $3.3-billion SPAC merger last month. [read post]
29 Mar 2021, 6:27 pm by Scott McKeown
Looking to last year’s Federal Circuit decision in Network-1 Technologies, Inc. v. [read post]
4 Mar 2021, 9:30 am by Kristian Soltes
Interac Wins Canadian Real-Time Payments DealFinextra – March 2, 2021 Payments Canada has picked local debit network Interac as the exchange solution provider for the country’s new real-time payments system. [read post]
24 Feb 2021, 6:01 am by Eugene Volokh
Showtime Networks Inc., decided yesterday by the New York intermediate appellate court (Judges Barbara R. [read post]
18 Feb 2021, 9:15 am by Kristian Soltes
Citi Loses Bid to Recoup Massive Mistake in Surprise RulingBloomberg Law – February 16, 2021 Citigroup Inc. unexpectedly lost a legal battle to recover half a billion dollars it sent Revlon Inc. lenders, after the embarrassing blunder forced it to answer to regulators and tighten its internal controls. [read post]