What Global Payments’ Acquisition of Worldpay Means for Merchant Services
Global Payments has agreed to purchase Worldpay in a deal worth over $22 billion. FIS acquired Worldpay in 2019, but then sold roughly half of its stake to private equity firm GTCR four years later. Now, FIS and GTCR will divest themselves of Worldpay in a deal which will also see Global Payments selling its […]
Swift’s New Initiative to Hasten Payment Investigations Leans on ISO 20022
Global cross-border payments system Swift is introducing an enhanced solution for managing payment investigations, aiming to significantly reduce the time needed to resolve delayed payments. Relying heavily on ISO 20022, the solution could serve as a key use case for broader adoption of the new messaging protocol. Delayed payments cost financial institutions more than $1.6 […]
As the U.S. Shrinks Back, the World Moves Forward on CDBCs
Although the United States has shown little interest in establishing a central bank digital currency (CBDC) of its own, other nations around the world continue to advance their research and pilot programs. The Bank for International Settlements (BIS), which has taken the lead in the development of CDBCs, announced six new blockchain-related projects last year. […]