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Top fintech stories this week – 11 August 2017

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Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Vantiv and Worldpay agree on $10.4bn merger

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Vantiv and Worldpay each reported double-digit profit growth and announced that their respective boards have agreed to an £8 billion ($10.4 billion) merger. The combined company, which will be called Worldpay, will be valued at approximately £22.2 billion ($28.8 billion).

Top fintech stories this week – 7 July 2017

Banking Technology logo

Catch up on Banking Technology’s top five fintech stories of the week – all in one place!

Vantiv and Worldpay agree on key points of potential merger

Vantiv and Worldpay to merge

Vantiv, a US-based payment processing and technology provider, and Worldpay, its counterpart in the UK, have reached “an agreement in principle on the key terms of a potential merger”.

Worldpay marks the PoC for VR payments

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Researchers at Worldpay are investigating how shoppers can pay using a credit or debit card while remaining within a virtual environment. As part of its real ambitions, the payments firm has created a proof of concept (PoC), with the aim to provide the “same levels of convenience, and security” that shoppers have in-store and online, […]

New name in the UK challenger bank space – ClearBank

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The bustling UK challenger bank scene has grown by another addition, ClearBank. It is a brainchild of Nick Ogden, founder and former CEO of WorldPay.

Worldpay launches IoT hackathon

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Global payments provider Worldpay has teamed up with Consult Hyperion, MongoDB and Visa Europe Collab to host its first internet of things (IoT) hackathon in London in September. The event aims to foster innovation and encourage participants to apply technology to integrating payments. Two themes will flow through the 48-hour hackathon – the “Smart City” […]

Worldpay revenue rises, heads down under with Australia licence

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Global payments provider Worldpay reported a 10% rise in revenue to £2.1 billion for the six months to the end of June, and is expanding in Australia after winning its licence to process payments. Despite recently suffering two weeks of turmoil, which saw millions of payments affected through one of its gateways, the company’s revenue […]

WorldPay’s world of pain ends

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Global payments provider WorldPay says it has put an end to two weeks of turmoil which saw millions of payments affected through one of its gateways. The company had experienced a fretful fortnight which saw many customers unable to receive cash from e-commerce sites (and other non-fintech ones). This led to a boisterous backlash and […]

WorldPay’s world of payments shows huge diversity

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Adoption of alternative payment mechanisms is growing more rapidly in developing economies as they leapfrog the legacy infrastructures deployed elsewhere.

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