Fiserv has completed its acquisition of CheckFree. Under terms of the transaction, Fiserv acquired CheckFree for approximately US$4.4bn in cash, or US$48 per share. More than 3,000 financial services Web sites use the electronic billing and payment services provided by CheckFree, and it is expected that growth will continue as consumers and businesses move from paper to electronic processes. Additionally, CheckFree’s investment services platform processes portfolios with assets under management totalling more than US$1.8 trillion. The newly combined company will offer support to financial institutions in areas including core processing, electronic billing, risk management, payments (including cash and logistics, ACH, imaging, online, phone, emergency and walk-in) and wealth management/managed accounts. The combined company’s pro-forma revenue for 2006 was more than US$4.5bn (excluding the previously announced sales of Fiserv ISS and Fiserv Health), serves more than 21,000 customers in 275 locations worldwide, and has more than 25,000 employees.
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