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Live Oak and First Data open up to digital banking with Apiture JV

It isn't science, it's digital banking

International paytech firm First Data and a bank in North Carolina, Live Oak, have partnered to form a new digital banking joint venture (JV) called Apiture.

Payments industry steps up to help Hurricane Harvey victims

Hurricane Harvey 2017

Several payments companies have announced efforts to help the victims of Hurricane Harvey in Texas and Louisiana, including monetary donations, interchange fee waivers and m-POS equipment.

Worldline to buy Baltics payment processor from First Data for €73m

Worldline

France’s Worldline is buying 100% of the share capital of First Data’s fully owned subsidiaries in Lithuania, Latvia, Estonia (aka First Data Baltics or FDB) for around €73 million, financed by available cash. This latest deal follows on from earlier this month, when Worldline announced a definitive agreement to acquire 100% of the share capital […]

First Data acquires CardConnect for $750m

First Data 1

First Data has completed its acquisition of US payments processor firm CardConnect for about $750 million in cash including the repayment of debt. As Banking Technology reported earlier, the Fintech Acquisition Corp acquired FTS Holding Corporation in July 2016 and renamed it CardConnect. At that time, it traded shares of CardConnect on Nasdaq at approximately […]

Alipay attacks Apple in North America expansion

Alipay

Alipay is teaming up with First Data in North America as it looks to take a bite out of Apple’s market share. As Banking Technology previously reported, Alipay has been gaining plenty of traction around the globe – with HelloPay Group in Asia merging with Ant Financial (which runs Alipay); and inking deals with European […]

TSB turns to First Data for bank portfolio services

TSB 1

First Data has been appointed by Sabis, the IT arm of Spanish banking group Sabadell, to provide processing and acquiring services across its subsidiary TSB. First Data will migrate TSB’s credit and debit card portfolio onto its FirstVision platform. Additionally, First Data will power TSB’s digital payments and provide merchant acquiring services for money and […]

Silicon Valley Bank and First Data launch fintech accelerator

Two US credit unions outsource core processing to Symitar

US-based Silicon Valley Bank (SVB) and First Data are calling on US start-ups to apply for their latest Commerce.Innovated accelerator programme. The four-month virtual programme provides participants with operational mentorship from the pair’s respective networks. Reetika Grewal, head of SVB’s payments strategy and solutions group, says its “small class size allows us to work closely […]

Automation in US banking – part 2

Two US credit unions outsource core processing to Symitar

Art Gillis, a seasoned banking technology consultant (working in the computer industry since 1958 – and listed as a top 25 tech consultant by the American Banker) and author, presents his latest “Automation in Banking” report (#31!), which looks at the US core banking and ancillary software market.

First Data and KeyBank team up for payments and merchant services

KeyBank

US-based First Data and KeyBank have teamed up to offer merchant services to the latter’s commercial, business and government clients across the country. The partnership will allow KeyBank to offer First Data’s entire portfolio of business tools, including the Clover platform which lets business owners accept payments, manage inventory, track sales, and access analytics and […]

Bancolombia and First Data team up for payments innovation

Colombia

Bancolombia and US-based First Data have formed a strategic agreement to integrate their technology platforms to “improve and diversify” services for business owners in Colombia. The companies will focus on building e-commerce and business management solutions for merchants as well as improving access to the banking system. First Data and Bancolombia say they will bring […]

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