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JKHY Powers Mercantile Bank's Expansion With Core Innovation
ZACKS· 2025-10-02 16:01
Key Takeaways Mercantile Bank chose JKHY's core platform and workflow tools to boost efficiency and support expansion.JKHY expands digital payments with Rapid Transfers, powered by Visa and Mastercard certifications.Partnerships with Apple, Visa, and Mastercard help JKHY bring modern payments to community banks.Jack Henry & Associates (JKHY) has signed a new core client, Mercantile Bank, which is the largest community bank in Michigan with $6.2 billion in assets. Mercantile Bank aims to use Jack Henry & Ass ...
Cloudflare to Launch x402 Foundation for Seamless Internet Payment
ZACKS· 2025-10-01 15:16
Core Insights - Cloudflare (NET) and Coinbase (COIN) have launched the x402 Foundation to create an open Internet standard for digital payments [1][7] - The x402 standard will facilitate seamless payments across geographies, currencies, and payment methods for website owners, developers, and creators [1][7] - The new standard is expected to enhance monetization opportunities for APIs, content, and autonomous transactions [2] Company Developments - In 2025, Cloudflare introduced several new products, including Cloudflare for AI, Cloudforce One threat events platform, Quantum-safe Zero Trust support, One-Click Content Credentials, and connected AI Security Posture Management [3] - These offerings expand Cloudflare's capabilities in integrated solutions for AI and post-quantum cryptography, contributing to a safer Internet [3] Competitive Landscape - Cloudflare operates in a highly competitive environment, facing challenges from companies like Amazon (AMZN), Akamai Technology, Fastly in content delivery, and Palo Alto Networks, Zscaler (ZS) in cybersecurity [4][6] - The presence of competitors like Zscaler, which is expanding rapidly across multiple verticals, increases pressure on Cloudflare to innovate and expand its market presence [6] - Continuous investment in research and development, as well as sales and marketing, is necessary for survival in this competitive market, leading to shrinking margins [6]
PayPal Sells $7B in US BNPL Receivables to Blue Owl Capital in Two-Year Agreement
Yahoo Finance· 2025-10-01 06:16
PayPal Holdings Inc. (NASDAQ:PYPL) is one of the best NASDAQ stocks to buy according to hedge funds. On September 24, PayPal Holdings and alternative asset manager Blue Owl Capital Inc. (NYSE:OWL) executed a two-year agreement. Under this deal, funds managed by Blue Owl will purchase ~$7 billion of Buy Now, Pay Later/BNPL receivables originated by PayPal in the US. This transaction aligns with PayPal’s balance sheet-light model for credit, but PayPal will retain full responsibility for all customer-facing ...
Venmo and PayPal users will finally be able to send money to each other
TechCrunch· 2025-09-30 15:39
Core Insights - Venmo and PayPal will enable users to pay each other directly, enhancing compatibility between the two platforms [1] - This integration addresses a long-standing issue for users who have had to use workarounds to transfer money between the services [1] - PayPal's broader network of payment systems, named PayPal World, will facilitate international money transfers without barriers and fees [2] Group 1 - Venmo users and PayPal users will be able to pay each other in the U.S. and worldwide starting in November [1] - PayPal users can find Venmo users using their phone numbers and later email addresses [1] - The integration may have been delayed to discourage users from creating accounts on both platforms [1] Group 2 - PayPal announced the expansion of its payment systems in July, starting with Venmo [2] - PayPal World will also include partnerships with Mercado Pago, NPCI International Payments Limited, and Tenpay Global [2] - Venmo and PayPal combined have 2 billion global users, according to PayPal [2]
Annature launches ASIC Payments for accounting firms
Yahoo Finance· 2025-09-26 10:45
Annature, identity verification and eSignature provider, has introduced its new product, ASIC Payments, as the first component of its expanding Payments suite, intended for accounting firms. This product, which successfully processed over $150,000 in real transactions during a two-month beta phase, is now accessible to all firms that use Annature for corporate compliance processes. It aims to resolve bottlenecks in the annual statement procedure faced by corporate service providers and accounting firms. ...
Wall Street Gets Giddy Over This Hyperscale AI Infrastructure Stock
Investors· 2025-09-25 12:00
Group 1 - Major tech companies like Microsoft, Meta Platforms, and Alphabet are heavily investing in artificial intelligence and the necessary data center infrastructure, benefiting companies like Emcor that provide this infrastructure [1] - Emcor has seen increased attention from Wall Street due to its role in supporting hyperscale AI data centers, indicating a positive market response [1] - Google is innovating in digital payments and cryptocurrency through AI technology, which could disrupt existing financial systems [2] Group 2 - Palantir has been recognized as a leading stock in growth lists, driven by demand for its AI infrastructure solutions [4] - Bank of America has raised Palantir's price target, reflecting confidence in its growth potential [4] - Nvidia's stock has surged due to a significant $100 billion strategic partnership with OpenAI, highlighting the strong market interest in AI-related stocks [4]
X @Wu Blockchain
Wu Blockchain· 2025-09-25 06:48
Nine European banks — ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank, and Raiffeisen Bank International — have formed a new company to issue a MiCA-compliant euro stablecoin in the second half of 2026. The venture will seek an e-money license from the Dutch central bank, aiming to set a European digital payments standard while inviting more banks to join.https://t.co/mp3BnZY8wz ...
X @Bloomberg
Bloomberg· 2025-09-24 14:10
Walmart-backed PhonePe, India’s largest digital payments provider, files preliminary documents for an IPO which may raise as much as $1.5 billion https://t.co/b2pGJizDOV ...