Worldpay will power payment processing for the in-store, online and mobile transactions of Kroger, the food retailer that serves 11 million customers a day under a variety of banner names. The payments technology company signed an exclusive agreement to provide Kroger with these comprehensive payment...
CVS Pharmacy said it is now serving more than 9 million former Rite Aid and Bartell Drugs patients after completing its acquisition of select assets of the now-closed Rite Aid. Following Rite Aid’s filing for bankruptcy in May, CVS Pharmacy acquired 63 former Rite Aid...
Fifth Third Bancorp’s third quarter results showed growth in demand deposit accounts, embedded payments and limited exposure to NDFIs. During the conference call with analysts, CEO Tim Spence took note of the recently-announced Comerica deal and said that “the revenue and expense synergies from Comerica...
First Internet Bank has integrated Parlay Finance’s artificial intelligence-native Loan Intelligence System to enhance its Small Business Administration lending. The bank expects to see as much as a 50% increase in efficiencies throughout the lending process as the LIS enables its SBA lending operations team...
Revolut has acquired Swifty, a startup that offers an artificial intelligence-powered travel agent. Swifty’s technology will be integrated into Revolut’s loyalty program to add smart financial guidance and the automated execution of complex travel and lifestyle tasks to the customer experience, the companies said in...
Flywire announced Thursday (Oct. 16) that it has expanded its partnership with Workday, integrating Flywire’s payments and student financial software with Workday Student, according to a joint press release. The integration allows higher-education institutions using Workday Student, a system that manages registration, billing and financial aid...
Bilt has expanded its loyalty program for renters to include home delivery. The company partnered with Gopuff and now offers Bilt Home Delivery in all U.S. markets where Gopuff operates, according to a Thursday (Oct. 16) press release. This service enables Bilt Members to use...
Banks are reportedly preparing to sell $1.2 billion of debt associated with Apax Partners’ acquisition of Finastra’s treasury and capital markets business. Deutsche Bank, Goldman Sachs and several other banks are working on the leveraged loan deal, which is expected to launch for syndication within...
Digital asset infrastructure provider Ripple has acquired treasury management systems supplier GTreasury for $1 billion, saying the deal provides Ripple with access to the corporate treasury market and many large and successful corporate customers. The combination of GTreasury’s treasury expertise and Ripple’s digital asset infrastructure...