News

Payments messaging firm SWIFT has released its first set of guidelines for financial institutions using the ISO 20022 payments messaging standard to complete cross-border transactions. A press release issued Wednesday (July 31) said ISO 20022 has the potential to promote...

Starling Bank will provide SumUp and its card reader merchants access to its API-based banking infrastructure to help businesses receive next-day payments A partnership between Starling Bank and mobile card reader specialist SumUp will enable faster transaction settlements for small...

Midland States Bancorp has completed its acquisition of HomeStar Financial Group, the parent company of HomeStar Bank and Financial Services. As of March 31, 2019, HomeStar Bank had approximately $381.4 million in assets, $216.6 million in loans and $339.3 million...

With the acquisition, innovative healthcare payment solutions offered by InstaMed will use JPMorgan’s payment capabilities to provide an easier and more convenient system. US-based investment bank JPMorgan Chase has closed the acquisition of InstaMed, a healthcare payments industry. With the completion...

The acquisition will help South Plains Financial to strengthen its presence in Texas with 26 branches and 13 mortgage production offices South Plains Financial (SPFI) has agreed to acquire West Texas State Bank (WTSB) in a deal valued at around...

UK-based fintech company FNZ has acquired JHC Systems, a provider of software services to the wealth management industry, for an undisclosed amount. Based in London, JHC provides the core technology platform to several UK and Ireland’s wealth managers and platforms...

Digital payments major Visa has acquired Germany-based payment gateway software provider Payworks for an undisclosed sum. Based in Munich, Payworks is a provider of next-generation payment gateway software for the point of sale (POS). The acquisition will allow Visa to offer...