CheckFree has entered into an agreement to purchase Carreker Corporation. Under the terms of the agreement, CheckFree will acquire all of the outstanding shares of Carreker common stock at a price of US$8.05 per share, for a total purchase price of approximately US$206m on a fully diluted basis. Through this acquisition, the company aims to expand its presence in payments processing by providing processing and risk management capabilities for ACH, check and cash. It will also become a provider of solutions and consultancy for the convergence of check and electronic payments. The proposed acquisition combines CheckFree’s payments processing business with Carreker’s history in check conversion – the ability to capture and process a digital image of a paper check. As a result, the combined organization aims to be able to convert paper checks into electronic items at the earliest possible points in the payments process – whether at the bank branch, corporate back office or lockbox.
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more