What the Fintech? | S.2 Episode 2 | Back office processing for real-time payments

The latest episode of the What the Fintech? podcast features Jack Baldwin, CEO at financial software provider BHMI.

We discuss the share price offered by NCR for Cardtronics stock and unpack Visa’s failed merger with Plaid. We also talk about buy now, pay later (BNPL) firms as the San-Francisco based Affirm almost doubled its value after its initial public offering (IPO).

Baldwin provides us with a bit more background on BHMI’s “Best Real-Time Payments Solution” award at the 2020 Paytech Awards, and how its Concourse technology addresses back office processing for real-time payments.

Tune in to find out his head-scratching banished buzzword in another exciting rendition of “Fintech Jail”!

WTF? |S.2 Episode 2 | Back office processing for real-time payments

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Special Guest – Jack Baldwin, CEO at financial software provider, BHMI.
Hosted by – Alex Hamilton, Deputy Editor, FinTech Futures
Co-Hosted by – Sharon Kimathi, … Read the rest

GameStop's dizzying share price rise means it's game over for the short-sellers | Nils Pratley

The retailer has gone from $19 to $33o thanks in part to amateurs taking on the hedge funds

If you find trading bitcoin insufficiently hair-raising, try GameStop. It is the Texas-based video games retailer that will be hard to out-do as the stock market story of 2021. The share price was $19 at the start of this month but reached $330 in mid-afternoon on Wednesday in New York. There have been a few downwards lurches along the way, but the overall direction has been unsustainably upwards.

It must be unsustainable because nothing of note has happened to improve GameStop’s commercial prospects so radically. Exciting PlayStation and Xbox releases may lie around the corner, but the company is still a bricks-and-mortar retailer struggling in an online age. Instead, punting on GameStop has become a video game in itself.

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Business Insider hires Haley to cover VCs, startups

Business Insider has hired Michael Haley of Dow Jones as a VC/startups reporter. He sill start in February and will be reporting to senior VC/startups editor Julie Bort. He has been a research editor...

The post Business Insider hires Haley to cover VCs, startups appeared first on Talking Biz News.

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Mastercard plans to raise fees for UK purchases from EU

Mastercard will increase fees more than fivefold when a British shopper uses a debit or credit card to buy from an EU-based company.

According to the Financial Times, the announcement is sparking alarm among companies that rely on online payments and concern among MPs over higher consumer prices.

Mastercard and Visa levy an “interchange” fee on behalf of banks for every debit or credit card payment that uses their networks.

The EU introduced a cap in 2015 after concerns the hidden fees were leading to hundreds of millions of euros in costs for companies and higher prices for consumers.

Since Brexit came into effect this year, Mastercard told merchants that the cap no longer applies to some transactions, because payments between the UK and European Economic Area are now deemed “inter-regional”.

From 15 October, Mastercard will charge 1.5% of the transaction value for every online credit card payment from the … Read the rest