Articles

Affichage des articles du avril, 2022

German online bank N26 rushes to launch crypto trading in 2022 - CryptoSlate

Image
German online bank N26, revealed its plans to launch crypto trading service this year and add equities brokerage after that, reported Financial Times . The bank, which counts as one of the biggest European fintechs, with over $7.8 billion in valuation, made a shortsighted decision to focus on global expansion, at the cost of prioritizing new services, admitted N26 co-founder and co-chief executive Max Tayenthal. Co-founder admits "Should we have built trading and crypto instead of launching in the US? In hindsight, it might have been a smart idea," N26 co-founder and co-chief executive admitted to the Financial Times in an interview. According to Tayenthal, in recent months the bank came to a realization it "spread itself extremely thinly." "There are so many things we can work on instead of putting flags in new markets," he said, revealing the bank's plans to recalibrate its strategy and focus on diversifying services.  In the aftermath of

Visa (NYSE:V) Price Target Cut to $254.00 - Defense World

Image
Visa (NYSE:V – Get Rating) had its target price decreased by investment analysts at Cowen from $276.00 to $254.00 in a research note issued on Wednesday, Briefing.com reports. The firm currently has an "outperform" rating on the credit-card processor's stock. Cowen's price target points to a potential upside of 26.31% from the stock's previous close. Several other equities research analysts have also issued reports on the stock. Credit Suisse Group lifted their price target on shares of Visa from $260.00 to $265.00 and gave the company an "outperform" rating in a report on Wednesday. Exane BNP Paribas lowered shares of Visa from an "outperform" rating to a "neutral" rating and set a $210.00 price target on the stock. in a report on Monday, January 10th. Citigroup decreased their price target on shares of Visa from $285.00 to $265.00 in a report on Monday. BNP Paribas lowered shares of Visa from an "ou

Rennes gets Conduent EMV roll-out - ITS International

Image
Conduent Transportation has rolled out a contactless EMV (Europay, Mastercard and Visa) open payment system on the Star public transport network in the Rennes Métropole urban area of France. Around 353,000 riders a day use the network, which is operated by Keolis, and includes 1,500 validators with integrated EMV contactless payment at park-and-ride locations, as well as on buses and the metro rail system. Travellers can now use KorriGo transit cards, rechargeable (contactless) tickets, contactless credit and debit cards, as well as NFC-enabled devices, such as smartphones and smart watches with Apple Pay and Samsung Pay digital wallets. "When we launched this project, our goal was to expand the range of payments provided to our customers," said Vincent Tournedouet, project director and head of the Rennes Métropole Metro Investments Department. "Conduent's technology helps simplify access to the Star network for occasional users." Condue

CNP Assurances : La Banque Postale finances the renovation of the Normandy bridge (Pont de Normandie) and Tancarville bridge (Pont de Tancarville) - Marketscreener.com

Image
Press Release Paris, 7 April 2022 La Banque Postale finances the renovation of the Normandy bridge (Pont de Normandie) and Tancarville bridge (Pont de Tancarville) As the leading bank financer for local authorities*, La Banque Postale supports the CCI Seine Estuaire in its renovation project for the Normandy and Tancarville bridges. It thus acts as arranger, principal financer and agent for a €180 million loan over 1 0 years negotiated with CNP Assurances and 4 banking groups, in which it accounts for €74 million. Two essential structures for the economic activity of the basin Used each year by nearly 15 million vehicles, these two structures are essential for the economic activity and daily travel of the inhabitants of the Seine estuary basin. Real technological challenges for the time, these two bridges embody the know-how of French civil engineering and the

Amex Centurion Lounge Access, Locations, And Amenities - One Mile at a Time

Image
When it comes to airport lounges, Amex's network of Centurion Lounges is probably regarded as one of the best out there. In this post I wanted to cover everything you need to know about these lounges, ranging from the basics of what they are, to who can access them, to where they're located. In this post: What are Amex Centurion Lounges? Lounge access has become an extremely popular perk for premium credit cards. Not only does this come in the form of offering a Priority Pass membership, but credit card companies have also started to build networks of lounges as an exclusive perk for cardmembers. Amex's network of Centurion Lounges is the largest network of lounges run by a credit card company, and the lounges are also pretty high quality. Generally speaking, Amex Centurion Lounges feature hot food, complimentary beer, wine, and cocktails, and lots of other awesome amenities. It's one of the perks of the Amex Platinum that people value most. Other cred

Naomi Osaka heckled by spectator at BNP Paribas Open, addresses crowd after match - CNN

Image
(CNN) Naomi Osaka was heckled by a spectator in the crowd during her match against Veronika Kudermetova at the BNP Paribas Open in Indian Wells, California on Saturday. "Naomi, you suck," the spectator appeared to yell out following the first game of the match. The comment brought the four-time grand slam champion to tears on the court. According to the Tennis Channel broadcast, during a break in play, Osaka asked the umpire for the microphone to address the crowd, but the umpire rejected the request. It is unclear if the spectator was identified and removed from the venue. Osaka would go on to lose in straight sets 6-0 6-4. Osaka lost in straight sets. At the same tournament in 2001, the Williams family -- Serena Williams, sister Venus and father Richard -- alleged they faced racial abuse from the Indian Wells crowd. A 19-year-old Serena went on to win the final, but she did not play at Indian Wells for another 14 years. JUST WATCHED Serena Williams is 'not giving up

Société Générale is acquiring freelancer challenger bank Shine - TechCrunch

Image
Société Générale is acquiring French startup Shine. Terms of the deal are undisclosed. According to a source, Shine is getting acquired for around €100 million in an all-cash deal (around $112.6 million). The startup had previously raised €10.8 million ($12.2 million) in total from Daphni, Kima Ventures, XAnge and various business angels. If you're not familiar with Shine, the startup has been building a challenger bank for freelancers and small companies in France. It lets you create a business account, get a debit card and take care of some of the most boring administrative tasks. For instance, Shine helps you incorporate your company and also lets you create invoices directly from the app. You can send a link to your client, you get a notification when your client opens the invoice and they can view your Shine IBAN directly on the invoice. And because the invoicing tool is integrated with your business bank account, your invoices are automatically marked as paid in the a

Credit Agricole sells its remaining stake in Banque Saudi Fransi - Reuters

Image
By Reuters Staff 2 Min Read FILE PHOTO: A logo of Credit Agricole is seen outside a bank office in Bordeaux, France, July 30, 2019. REUTERS/Regis Duvignau DUBAI (Reuters) - Credit Agricole CIB CAGR.PA has sold its remaining 4% stake in Banque Saudi Fransi 1050.SE to two Saudi government-related institutional investors in a deal worth 1.45 billion riyals ($387 million), the French bank said on Monday. Credit Agricole started the sale of its 31% stake in Banque Saudi Fransi, valued at nearly $2.4 billion, in 2017. The move came as banks around the world sold minority stakes in other lenders amid new global rules requiring them to hold more capital against those holdings. Two Saudi government-related institutional investors paid 30 riyals per share for Credit Agricole's remaining 4% stake, the bank said in a statement, without naming them. "Crédit Agricole CIB remains highly confident in Saudi Arabia's economic perspectives ... and plans to further develop its direct presen

Exclusive: Visa moves to allow payment settlements using cryptocurrency - Reuters

Image
By Noor Zainab Hussain 3 Min Read (Reuters) - Visa Inc said on Monday it will allow the use of the cryptocurrency USD Coin to settle transactions on its payment network, the latest sign of growing acceptance of digital currencies by the mainstream financial industry. The company told Reuters it had launched the pilot program with payment and crypto platform Crypto.com and plans to offer the option to more partners later this year. Bitcoin, the most popular crypto coin, jumped to a one-week high on the news, rising as much as 4.5% to $58,300 and heading back toward a record-high above $61,000 hit earlier this month. Visa subsequently confirmed the news in a statement. The USD Coin (USDC) is a stablecoin cryptocurrency whose value is pegged directly to the U.S. dollar. Visa's move comes as finance firms including BNY Mellon, BlackRock Inc and Mastercard Inc take steps to make more use of cryptocurrencies for investment and payment purposes. Tesla Inc boss Elon Musk, a major proponent

Best Prepaid Debit Cards for April 2022 - CNET

Image
A prepaid debit card lets you load cash onto it to make purchases. Prepaid cards typically can be used anywhere credit cards are accepted, and unlike a regular debit card, you don't need to have a bank account to get one.  Prepaid debit cards don't require credit checks, which may be ideal for someone who can't get a credit card or open a bank account. Plus, a prepaid debit card offers many of the same conveniences you'd get from a checking account , like the ability to receive direct deposit and pay bills.  However, all these conveniences do typically come with fees, which you'll want to review before opting for this payment method. To help make the process easier, we rounded up the best prepaid debit cards with the lowest fees and the most features. We'll also walk you through some frequently asked questions about prepaid cards below this list.

State aid: Compensation for La Banque Postale approved - Europa.eu

[unable to retrieve full-text content] State aid: Compensation for La Banque Postale approved    Europa.eu

The One Big Thing Apple’s Project Breakout Needs but Doesn’t Have - PYMNTS.com

Image
Project Breakout is said to be Apple's now-not-so-secret plan to turn itself into a full-fledged payments and financial services company by building its own acquiring, payments processing, risk management, fraud and credit underwriting capabilities. As reported last week by Bloomberg, this move is intended to reduce Apple's reliance on FinTechs and other third parties — card networks, acquirers and banks, to name but a few — and bring all of those capabilities in-house. It was reported that the stock prices of Apple partners, including Apple's bank partner Goldman Sachs, dropped on the news. That said, I'm pretty sure that everyone whose core business is payments and financial services had a good chuckle when they heard it. Payments only looks easy — Apple should know this better than most, given its disappointing performance with Apple Pay i