continue reading » There’s a decent chance we’ll look back at the first half of 2019 as the period when the US payments landscape changed permanently. The chain of events began in January with Fiserv’s surprise announcement that it was acquiring First Data in a $22 billion merger. Speculation quickly followed on how other leading financial services technology providers would respond. Two months later FIS answered that question with an even bigger combination by purchasing Worldpay, which had recently gained the title of the US’s largest merchant card acquirer in terms of processing volume. Then in May, card processors TSYS and Global Payments announced they would join forces in a “merger of equals.” Our webinar explores the dynamics of these three acquisitions and their various implications for banks and credit unions in greater detail.Taken together, these three deals rolled up the two largest US bank software providers and every top ten player in card acquiring, not already affiliated with a major bank—all within the space of five months. During the same period, the country’s #11 and #12 largest banks announced their own merger of equals—the first major move by a Top 20 bank since the financial crisis. In providing their rationale for the deal to the investment community, the leaders of SunTrust and BB&T cited the need for greater technological scale. If this is the case, what does it imply for the over 11,000 US banks and credit unions smaller than this newly combined entity?Each of these deals has its own unique characteristics—Global Payments/TSYS, for instance, is being touted as the “payments pure play” because its portfolio does not include the software and adjacent banking services offered by FIS and Fiserv. A few unifying themes emerge, however. One is the need for even greater economies of scale in order to preserve operating margins in a competitive payments environment. Another is the continued convergence of various payments models, leading providers to strive to deliver a unified, one-stop-shop experience. The servicing of merchants and card issuers is also moving toward a common set of providers. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr
Sophomore Brenton Mills led all scorers with 20 points. Senior Thomas Bruce put up a double-double in his return, with 14 points and 10 rebounds. “I thought going into it, it was just going to be a starting point, whatever that was,” said coach Tommy Dempsey. “Whether we won by twenty, lost by twenty, it was just nice to get out there and try to start to put your group together.” Off an inbound from George Tinsley, Cooperstown native Tyler Bertram hit a three-pointer with 1.4 seconds on the clock, to tie the game at 60 and bring it to overtime. The men head to Marist tomorrow for a 4 p.m. game against the Red Foxes. Dempsey said after starting a group today that had never played together, he saw a lot of good things they’ll build off moving forward. “The key is the inbounder. Obviously, he hit a big shot, I’m not taking anything away from Tyler, it was a big shot, a lot of guts. He hadn’t played a lot in the second half and came in after sitting down for awhile,” said Dempsey. “I thought we played hard. You know we rebounded the ball well, we went after loose balls and guys played together, shared the ball,” said Dempsey. VESTAL (WBNG) — In an overtime battle, the Binghamton men’s basketball team fell to Marist 68-65 to open the season.
City have been rampant in attack of late, scoring a total of 22 goals in their last four home games in all competitions. But Blues boss Manuel Pellegrini criticised his side’s defending after they laboured to a 4-2 Champions League win over Group D basement boys Viktoria Plzen at the Etihad Stadium on Wednesday. And on that December 10 contest, Richards said: “The match against Bayern is going to be a tough game. They are a strong team. “If we win we could top the group but it is going to be very hard to go to their place and win. “They have got special players there and, in my opinion, they are the best team in the world. “I think we have got to be careful in defence but we have got to go and attack because we have got to win. It will be a good game.” Next up for City, who are fourth in the Premier League, is a top-flight encounter with Swansea at home on Sunday. Pellegrini would not say on Wednesday whether goalkeeper Joe Hart will be retained in the side for that fixture or if Costel Pantilimon will come back in. Hart was restored to the team for the Plzen game after a spell on the bench following a series of errors. The England stopper made some good saves and, importantly, no mistakes on his return, with there being no blame on his part for the goals conceded. It also remains to be seen whether or not Richards keeps his place in the first XI from the Plzen match. On his battle with Pablo Zabaleta for the starting right-back berth at City, the 25-year-old England international said: “Zaba is playing well but you have to keep going, keep knuckling down, work hard. “Then when I get a chance I’ll take it. There is nothing more I can say really.” It is an area in which City – who have been without injured defender and captain Vincent Kompany for several weeks – have excelled in recent seasons. In each of the last three Barclays Premier League campaigns, no other side have conceded fewer top-flight goals than them. Richards is well aware of that fact and the City defender said: “We are playing some great stuff – at the weekend against Tottenham (a 6-0 top-flight home win on Sunday) we were outstanding. “But we have just got to sort out the goals against now. “We want more clean sheets. In the last three years we have had the best defence. “We have been a bit shaky this season but hopefully we can put that right now.” Getting things right at the back as well as going forward is exactly what City, who qualified for the Champions League knockout stages before the clash with Czech outfit Plzen, will have to do if they are to finish top of their group. It is a tall-looking order to say the least – in their final Group D game against leaders Bayern Munich away they will have to better the 3-1 win the German side achieved against them at the Etihad Stadium. Micah Richards is keen for Manchester City to get back to showing the kind of defensive solidity they have displayed over the last few years. Press Association
A Florida man is being accused of costing several pizza restaurants thousands of dollars by placing large orders over the phone and never picking up the orders.Police say that over the course of a month, 34-year-old Sudeep Khetani targeted restaurants in three counties in New Jersey by placing large orders and reporting that they were going to be donated to police departments.He then would not show up to pick up the orders leaving the pizzieras with a surplus of cooked food. When the restaurants contacted Khetani about the orders, he would make insensitive comments about Italians or say that he wished they were infected with the coronavirus.Authorities say Khetani reportedly used a service to mask his real number, however, investigators were able to track him down in the Orlando, Florida area where he is currently on probation for selling fake Disney tickets.He has since been charged with theft but authorities say they are also looking into whether the crimes were “bias in nature” and whether Ketani’s actions could constitute as a cyber harassment charges.Since the story’s release, several of the pizzerias have either donated the food themselves or residents have stepped up to pay for the food and donated it to hospitals and first responders.