Global Payments, a global provider of payment solutions, has completed the acquisition of Ezi Holdings (Ezidebit), an integrated payments company focused on recurring payments verticals in Australia and New Zealand. Similar to the company’s OpenEdge division, Ezidebit markets its products through a network of integrated software vendors and direct channels to numerous vertical markets.
Under the terms of the agreement, Global Payments paid a purchase price of AU$305m (approximately US$268m), funded by a combination of cash on hand and borrowings on the company’s revolving credit facility.
On day one of SIBOS, panellists unanimously agreed that doing nothing to modernise payments was no longer safe bet for transaction banking.
On day one of Sibos 2017, Stefan Dab, The Boston Consulting Group led a conversation examining the future of correspondent banking, and specifically the pain points corporate treasurers face in their cross-border payments operations and where technology can be developed to alleviate these.
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The US dollar and debt yields falling on the North Korea missile test, treasury being a top target for cyber criminals and why treasurers aren't into real-time payments all hit the latest headlines in the world of treasury this week. Don't miss our ten top news stories from around the world.