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...US financial technology group Fidelity National Information Services has agreed to sell a majority stake in its merchant payments arm Worldpay to private equity firm GTCR, valuing the business at up to $18.5bn...
...“The pace of disruption in payments is rapidly accelerating, requiring increased investment in growth and a different capital allocation strategy for our Merchant Solutions business,” said Jeffrey Goldstein...
...US financial software and services group Fidelity National Information Services (FIS) has unveiled plans to spin-off Worldpay, the merchant payments business it acquired for $43bn just four years ago....
...They were very corporate America, and that slowness led to a lot of small merchants finding solutions elsewhere,” said Dolev....
...Formally known as Fidelity National Information Services, the company acquired Worldpay in 2019 to create one of the largest providers of financial infrastructure that underlie the bank payments sector....
...“The more information you have about a consumer, the better lending decisions you can make,” she adds. And Apple “is sitting on a mountain of data.” With reporting by George Hammond in San Francisco...
...People familiar with the deals said these sought-after clients were shown financial information just like any other prospective investor....
...As ever, get in touch with Imani (imani.moise@ft.com) or me (sid.v@ft.com) with thoughts for new articles. Happy reading!...
...Reach out to me (imani.moise@ft.com) or Sid (sid.v@ft.com) to let us know. Happy reading!...
...It would never be obviously child porn, you know, inc come here and buy your images. So it was quite deceptive, I would say....
...So when [a merchant] is building a website and you’re trying to self-sell your services, this is where Balance is by far the leading solution today when you think about a checkout experience....
...Holdings Ltd., Wirecard UK & Ireland Ltd.) and starting in 2017 Wirecard's subsidiary in the US (Wirecard North America Inc)....
...These included acquisitions such as Ewos, a Norwegian salmon feed company, and Diamond V, a manufacturer of yeast culture products to aid animal health....
...) Bob Diamond’s Atlas Merchant in US insurance deal (FT) Poland’s Griffin Real Estate strikes €1bn deal for retail properties (FastFT) HNA’s units are on a borrowing spree, swallowing high rates (BBG)...
...That’s what every merchant is going to ask. And the answer is, we can come up with ways for software to help around the edges; a great deal of that has been done....
...Google’s neat solution to this kind of range anxiety is “Smart Storage”....
...— far faster than any flesh-and-blood merchant could....
...merchant such as account, device ID and IP address....
...James Comey, director of the FBI, has also pursued a political solution....
...Zapp said the payments used secure digital “tokens” so that customers never revealed their financial details or bank account information to merchants when shopping....
...Christopher Graham, information commissioner, said calls from the “merchants of menace” were “making lives a misery”....
...It lets shoppers store their credit card information on their iPhone and pay for goods by tapping the phone on an in-store receiver....
...Both the international and the Chinese payment-card standards generate single-use data for each transaction, making the information useless for a hacker attempting to clone a card....
...She said she preferred a market solution in which customers owned their own data and only allowed companies and applications they trusted to use the information....
...Google runs a marketplace: consumers and merchants are brought together on a single information platform covering shopping, inventory, delivery planning, and payments (customers must use Google Wallet)....
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