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Finastra and Circle Forge Strategic Collaboration to Bring Stablecoin Settlement to Cross-Border Payments
Prnewswire· 2025-08-27 13:04
Core Insights - Finastra has announced a strategic collaboration with Circle to integrate USDC settlement into cross-border payment flows, enabling banks to innovate in this area [1][2][3] - The integration will utilize Finastra's Global PAYplus (GPP) platform, which processes over $5 trillion in cross-border transactions daily, allowing for rapid and cost-effective international transfers [2][4] - This collaboration aims to reduce banks' reliance on traditional correspondent banking chains, thereby accelerating settlement times while ensuring compliance and foreign exchange processes [2][3] Company Overview - Finastra is a global leader in financial services software, serving over 8,000 customers, including 45 of the world's top 50 banks, across more than 130 countries [4] - The company specializes in various sectors, including Lending, Payments, Universal Banking, and Treasury & Capital Markets, providing mission-critical solutions [4] - Circle is a global financial technology firm that focuses on enabling businesses to utilize digital currencies and public blockchains, issuing stablecoins like USDC and EURC [5]
Diebold Nixdorf to Participate in Fireside Chat at Goldman Sachs Communacopia and Technology Conference
Prnewswire· 2025-08-27 12:15
Company Overview - Diebold Nixdorf is a leader in transforming banking and shopping experiences, providing integrated solutions that connect digital and physical channels for consumers [3] - The company partners with the majority of the world's top 100 financial institutions and top 25 global retailers, operating in over 100 countries with approximately 21,000 employees [3] Upcoming Event - Octavio Marquez, president and CEO, along with Tom Timko, executive vice president and CFO, will participate in a fireside chat at the Goldman Sachs Communacopia and Technology Conference on September 10, 2025, at 9:30 a.m. ET [1] - The event will be accessible via webcast on Diebold Nixdorf's Investor Relations website, with a replay available after the event [2]
BlackLine To Host Investor Session at BeyondTheBlack 2025
Globenewswire· 2025-08-26 20:15
Core Insights - BlackLine, Inc. will host an investor session on September 9, 2025, during its annual customer conference, BeyondTheBlack [1] - The session will be accessible via a webcast on BlackLine's investor relations website [1] Company Overview - BlackLine is a platform designed for the Office of the CFO, focusing on digital finance transformation by enhancing financial operations [2] - The platform addresses critical processes such as record-to-report and invoice-to-cash, providing unified data, optimized processes, and real-time insights through automation and AI [3] - BlackLine has over 4,400 customers across various industries, emphasizing its commitment to innovation and security [3]
Payoneer to Participate in the Goldman Sachs Communacopia + Technology Conference
Prnewswire· 2025-08-26 14:00
Core Insights - Payoneer Global Inc. will have its CEO, John Caplan, participate in a fireside chat at the Goldman Sachs Communacopia + Technology Conference on September 9, 2025 [1] - The event is scheduled to begin at approximately 10:30 am ET [1] Company Overview - Payoneer is a financial platform designed for cross-border business and global payments [2] - The company empowers millions of businesses with financial tools and services to facilitate global transactions [2] - Payoneer aims to assist small and medium-sized businesses (SMBs), especially in emerging markets, in connecting to the global economy and managing funds across multiple currencies [2]
Fiserv, Inc. Sued for Securities Law Violations - Investors Should Contact Levi & Korsinsky for More Information - FI
Prnewswire· 2025-08-26 12:46
Core Viewpoint - A class action securities lawsuit has been filed against Fiserv, Inc. alleging securities fraud that negatively impacted investors between July 24, 2024, and July 22, 2025 [1][2]. Group 1: Allegations of Fraud - The lawsuit claims that Fiserv made false statements regarding its Clover platform, which was promoted as a growth strategy while concealing issues with its older Payeezy platform [2]. - It is alleged that the forced conversion of Payeezy merchants to Clover temporarily inflated Clover's revenue and GPV growth, masking a slowdown in new merchant acquisitions [2]. - Following the conversions, many former Payeezy merchants reportedly switched to competitors due to Clover's high pricing and poor customer service, leading to a significant slowdown in Clover's GPV growth and unsustainable revenue growth [2]. - The lawsuit asserts that Fiserv's positive statements about Clover's growth strategies and business prospects were materially false and misleading [2]. Group 2: Legal Process and Participation - Investors who suffered losses during the specified period have until September 22, 2025, to request to be appointed as lead plaintiff in the case [3]. - Participation in the lawsuit does not require individuals to serve as lead plaintiffs, and there are no out-of-pocket costs for class members [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a history of securing significant settlements for shareholders and is recognized as one of the top securities litigation firms in the United States [4].
Countdown to Affirm Holdings (AFRM) Q4 Earnings: A Look at Estimates Beyond Revenue and EPS
ZACKS· 2025-08-25 14:16
Core Insights - Analysts project Affirm Holdings (AFRM) will report quarterly earnings of $0.11 per share, reflecting a year-over-year increase of 178.6% [1] - Revenue is expected to reach $839.88 million, marking a 27.4% increase from the same quarter last year [1] Earnings Estimates Revisions - Over the past 30 days, the consensus EPS estimate has been adjusted upward by 22.6%, indicating a reassessment by covering analysts [2] - Revisions to earnings estimates are significant indicators for predicting investor actions regarding the stock [3] Revenue Breakdown - Revenue from the Merchant network is projected at $234.97 million, a year-over-year change of +29.8% [5] - Revenue from the Card network is expected to be $59.11 million, indicating a change of +37.5% from the prior-year quarter [5] - Interest income revenue is forecasted to reach $416.13 million, suggesting a change of +23.3% year over year [5] - Servicing income is estimated at $33.77 million, reflecting a change of +22.4% from the prior-year quarter [6] - Gain on sales of loans is predicted to be $90.96 million, indicating a change of +30% from the year-ago quarter [6] Key Company Metrics - The consensus estimate for Gross Merchandise Volume (GMV) is $9577.07 billion, compared to $7241.00 billion in the same quarter last year [7] - Transactions per Active Consumer are expected to reach 6, up from 5 in the previous year [7] - Active Consumers are projected to reach 22, compared to 19 a year ago [7] Stock Performance - Over the past month, shares of Affirm Holdings have returned +18.5%, outperforming the Zacks S&P 500 composite's +2.7% change [8] - Currently, AFRM holds a Zacks Rank 3 (Hold), suggesting its performance may align with the overall market in the near future [8]
Shareholders of Fiserv, Inc. Should Contact The Gross Law Firm Before September 22, 2025 to Discuss Your Rights - FI
Prnewswire· 2025-08-25 12:45
Core Viewpoint - The Gross Law Firm has issued a notice to shareholders of Fiserv, Inc. regarding a class action lawsuit due to alleged misleading statements and omissions related to the company's Clover platform and its impact on merchant business [1][2]. Group 1: Allegations Against Fiserv - The complaint alleges that Fiserv forced merchants using its older Payeezy platform to switch to the Clover platform due to cost issues and other problems [2]. - It is claimed that Clover's revenue growth was artificially inflated by these conversions, masking a slowdown in new merchant acquisitions [2]. - Following the conversions, many former Payeezy merchants reportedly switched to competitors due to Clover's high pricing and inadequate customer service [2]. - As a result of these merchant losses, Clover's growth in Gross Payment Volume (GPV) and revenue was said to be unsustainable [2]. - The lawsuit asserts that Fiserv's positive statements regarding Clover's growth strategies and business prospects were materially false and misleading [2]. Group 2: Class Action Details - The class period for the lawsuit is defined as July 24, 2024, to July 22, 2025 [2]. - Shareholders are encouraged to register for the class action by the deadline of September 22, 2025, to potentially be appointed as lead plaintiffs [3]. - Once registered, shareholders will receive updates through a portfolio monitoring software regarding the case's progress [3]. Group 3: Law Firm's Mission - The Gross Law Firm aims to protect investors' rights who have suffered losses due to deceit and illegal business practices [4]. - The firm is committed to ensuring companies engage in responsible business practices and good corporate citizenship [4].
Diebold Nixdorf Unveils New Branch Automation Solutions Portfolio
Prnewswire· 2025-08-25 12:07
Core Insights - Diebold Nixdorf is launching its new Branch Automation Solutions portfolio aimed at enhancing efficiency for financial institutions while providing a seamless omnichannel consumer experience [1][2] - The solutions are designed to optimize operations, reduce costs, and improve customer engagement in a digital banking environment [2][3] Product Features - The Branch Automation Solutions include managed services that leverage Diebold Nixdorf's software on a cloud-native platform, addressing the need for increased automation in branch networks and cash management [1][4] - The solutions feature four operational domains that are pre-packaged and easy to deploy, allowing financial institutions to select and scale services according to their evolving needs [4][6] Market Positioning - Joe Myers, Executive Vice President at Diebold Nixdorf, emphasized the company's commitment to delivering integrated solutions that enhance efficiency and customer value, positioning the company as a partner of choice in the financial services sector [5][6] - The Branch Automation Solutions aim to transform traditional branches into advisory-led service hubs, enhancing customer relationships and driving profitability [3][5] Event Showcase - The Branch Automation Solutions will be showcased at Intersect Nashville, a premier financial industry client event taking place from August 25-27, 2025 [1][6] Operational Benefits - The solutions set a benchmark for uptime and security across ATM and teller cash recycling fleets, improving user experience and trust [7] - Integrated cash management features allow for optimized cassette configuration and improved cash-handling services, leading to measurable cost savings [7] - The platform enables migration of up to 80% of traditional teller transactions to ATMs, simplifying operations and increasing staff productivity [7]
Jack Henry & Associates® Announces Regular Quarterly Dividend
Prnewswire· 2025-08-25 12:00
Group 1 - Jack Henry & Associates, Inc. declared a regular quarterly cash dividend of $0.58 per share, payable on September 26, 2025, to stockholders of record as of September 5, 2025 [1] - Jack Henry is an S&P 500 financial technology company that focuses on enhancing connections between financial institutions and their clients [2] - The company has been providing technology solutions for nearly 50 years, empowering approximately 7,400 clients with innovative and user-centric services [2] Group 2 - Jack Henry emphasizes openness, collaboration, and user-centricity in its offerings, which include a vibrant ecosystem of modern capabilities and integration with leading fintechs [2] - The company's mission is to help clients innovate faster, strategically differentiate, and compete effectively while addressing the evolving needs of their accountholders [2]
Best Value Stocks to Buy for August 25th
ZACKS· 2025-08-25 09:56
Group 1: Green Dot Corporation (GDOT) - Green Dot Corporation is a financial technology and bank holding company with a Zacks Rank 1 [1] - The Zacks Consensus Estimate for its current year earnings has increased by 10.7% over the last 60 days [1] - The company has a price-to-earnings ratio (P/E) of 9.98, compared to the industry average of 17.40, and possesses a Value Score of A [1] Group 2: CF Industries Holdings, Inc. (CF) - CF Industries is a global leader in nitrogenous fertilizers and other nitrogen products, also carrying a Zacks Rank 1 [2] - The Zacks Consensus Estimate for its current year earnings has increased by 18.1% over the last 60 days [2] - The company has a price-to-earnings ratio (P/E) of 10.68, compared to the industry average of 11.30, and possesses a Value Score of A [2] Group 3: First Financial Bancorp. (FFBC) - First Financial Bancorp. is a bank holding company for First Financial Bank, holding a Zacks Rank 1 [3] - The Zacks Consensus Estimate for its current year earnings has increased by 6.1% over the last 60 days [3] - The company has a price-to-earnings ratio (P/E) of 9.53, compared to the industry average of 11.30, and possesses a Value Score of B [3]