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.
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.
Despite being behind the likes of Europe and China, the US payments industry is now rapidly advancing, said Anish Kapoor, CEO of AccessPay told GTNews in an exclusive interview.
Treasurers are more interested in cross-border payments and automation than real-time payments, as they are consistently asked to do more with less, argues Rick Burke, head of corporate payments at TD Bank in an exclusive interview.
The top five sectors Asian fintech investors are interested in are data analytics, blockchain, lending, payments and regtech, according to Gary Hwa, EY regional managing partner.