Payments News

On The Web

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Providers

Nasdaq to buy Sweden’s Cinnober for $190m

“Cinnober supplies clearing software to some of the world’s largest exchanges, such as B3 of Brazil, the London Metal Exchange and the Japan Exchange. However it has struggled for profitability in the past 18 months after losing some key customers and changing the way it charged customers for its software.”

On The Wires

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Providers

FIS Cuts the Wait for New Credit and Debit Cardholders to Access Accounts

“Financial technology leader FIS ™ (NYSE: FIS) announced FIS Digital Issuance, a first-to-market solution that allows financial institutions to provide newly approved applicants with immediate mobile access to their credit and debit accounts. Avidia Bank is the first financial institution to begin offering the new FIS solution. Available to FIS credit or debit card processing […]
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Deals

IBM Canada and Prairie Credit Unions Team up for Digital Transformation and Payments Modernization on IBM Public Cloud

“A new Prairie Payments Joint Venture (PPJV) and IBM (NYSE: IBM) have signed an 8-year, multi-million dollar agreement to digitally transform and modernize credit union payment services in Canada. This marks the largest agreement of its kind in Canada for the credit union system. The new joint venture between the Credit Union Centrals of Alberta, Saskatchewan and Manitoba collectively represent more than 75 […]