Futures pare losses after Fed launches direct cash injections

Reuters | March 23, 2020

U.S. stocks futures pared losses on Monday after the Federal Reserve launched unprecedented measures to support U.S. households and companies, seeking to blunt the economic damage from the coronavrius pandemic. At 8:03 a.m. ET, Dow e-minis 1YMcv1 were down 233 points, or 1.22%. S&P 500 e-minis EScv1 were down 27.5 points, or 1.2% and Nasdaq 100 e-minis NQcv1 were down 53.5 points, or 0.77%.

Spotlight

Get the answers your business deserves before you purchase your next all-flash array. There are expensive steak dinners and box seats at sports games. Lots of college-athletes-turned-sales-reps eager to be your best friend. And don’t forget about the marketing schwag!

But if you sit down with an IT operations manager responsible for deciding storage strategy, you’ll discover that most actually hate the way they are forced to buy storage. There are probably some interesting answers that can be traced back to the mainframe days. But the simple explanation is that the traditional storage sales process is based on confusion, misdirection, and empty promises.


Other News
BITCOIN AND CRYPTO

CPCoin (CPC) Has Launched on the Global P2PB2B Exchange

CRYPTOPERFORMANCE | March 15, 2022

The CryptoPerformance Group announced today that its CHAIN’s native coin, the new CPCoin (CPC) with its securewallet Cx0, is now officially listed on the exchange platform P2PB2B. This new coin is replacing the old CPC token. P2PB2B customers can now trade, send, receive, or store CPC in all active regions of the exchange. CPC is a 100% POS cryptocurrency that is the native coin of CryptoPerformance CHAIN using the host CPCoin Secure Smart Wallet (Cx0). The CPCoin presents unique security measures and famously was created with no pre-sale or ICO. CryptoPerformance launched its proprietary blockchain, the CryptoPerformance CHAIN in November 2021, and began the process to relist the new CPC (smart wallet Cx0) on P2PB2B. The CPCoin, backed by its large ecosystem and community, is the core of CryptoPerformance and its CryptoPerformers. It is an intricate part of the digital solutions offered to businesses and individuals alike, alongside the CryptoPerformance BANQ, a innovative global fintech platform with crypto debit cards, the CryptoPerformance Chain, secure, ultra-low fees and fast transaction times (1 block = over 5000 transactions in under 15sec), the CryptoPerformance Platform, buy&hold platform, and many more. Recently announced, CryptoPerformance will be presenting all features of their CryptoPerformance CHAIN in the AIBC Dubai Summit, presenting features such as; Cx0 sub-currencies, Digital Asset Creation, NFT Center, Smart Contracts, Crowdfunding opportunities, Voting Security, Account Control, CP Secure Password Safe, CP Secure Contact Manager, CP Mail Manager, CP Cloud, and Developer Center all functioning under the native coin, CPC. CryptoPerformance BANQ will also be at the forefront, as users can learn about IBANs, CP Visa Crypto Card, Swap, withdrawal functions and much more. We are pleased to announce the great partnership with P2PB2B and CPC. Our strong ecosystem, backed by our cryptoperformers, innovative technology, and strong blockchain have made this listing possible.” Mr. Staebler and Mr. Rimola, founders of CryptoPerformance. CryptoPerformance Founded in 2020, CryptoPerformance launched as a unique buy-and-hold platform for crypto enthusiasts. Today CryptoPerformance is a 360 solution for all crypto-needs, including an in-house developed blockchain, the CryptoPerformance Chain, featuring sub-currencies and NFTs, its native coin CPC, global fintech platform CryptoPerformance BANQ, Charity for Charities blockchain capabilities and more. P2PB2B Exchange P2PB2B is an advanced cryptocurrency exchange that works for the benefit of its users. In order to make your trading even more convenient and safe, the platform has all the necessary features and tools.

Read More

PAYMENTS

Paystone Acquires Canadian Payment Services, Making Paystone Canada’s Largest Bank Independent Payments Provider

Paystone | January 27, 2022

Paystone announces the acquisition of Canadian Payment Services (CPS), one of the fastest growing providers of Canadian merchant services. This acquisition is the sixth addition to Paystone’s burgeoning portfolio of acquisitions, having acquired five other businesses in the past two years including Montreal-based DataCandy and Vancouver-based NiceJob. “This is the largest acquisition we’ve made to date in relation to both new revenue and clients,” explains Tarique Al-Ansari, CEO at Paystone. “Additionally, we’re also excited to provide additional value to CPS merchants through Paystone’s proprietary product and service offerings.” In addition to providing payment processing services, Paystone offers a wide range of SaaS products including gift and loyalty, reputation marketing, and marketing automation. Over the years, Paystone has shown their great commitment to serve Canadian small and medium sized businesses. We are happy to turn our customer base to Paystone so they can continue to receive the highest level of customer care as well as be able to grow their business via new value added products proprietary to Paystone.” Simon Lobanov, Managing Director at CPS. With the acquisition of CPS, Paystone now services over 35,000 locations across Canada and the United States which collectively process over 10 billion dollars a year in bankcard volume. As Paystone continues to aggressively grow in service, offering, and revenue, the business is looking to add over 100 new employees by the end of 2022. About Paystone Paystone is a leading North American payment and software company redefining the way merchants engage their customers and grow their businesses. The company's seamlessly integrated suite of automated payment processing, customer loyalty, gift card solutions, and now reputation marketing, is used by brands such as Irving Oil, The Source, Global Pet Foods, Kernels Popcorn, and many of the MTY Food Group's restaurant brands. Paystone's solutions are used at over 35,000 locations across Canada and the United States which collectively process over 10 billion dollars a year in bankcard volume. The fintech company employs over 150 employees and serves as the technology partner of choice for hundreds of partners across North America. About Canadian Payment Services Canadian Payment Services (CPS) is one of the fastest growing providers of Canadian merchant services, which includes Credit Card and Interac Processing, Gift Card and Loyalty Programs, and Business Cash Advance. With over 55 years of combined experience in the merchant services industry, CPS has served over 10,000 merchants.

Read More

CORE BANKING

Corporate Insight to Track the Growing Traditional and Fintech Business Banking Platforms with Launch of Small Business Banking Research Services

Corporate Insight | April 18, 2022

Corporate Insight, the leading provider of competitive intelligence and customer experience research to the financial services industry, today announced the launch of its Small Business Banking Research Services. The services will track and analyze leaders in traditional and fintech banking platforms in a blend of multi-product, deposit-only and card-only relationships to capture the competitive landscape and arm business banking providers with insights to drive improved digital experiences. On an ongoing basis, Small Business Banking Research Services will evaluate: Digital platforms from traditional banks and innovative fintechs Cash management services Merchant and payroll services Building on Corporate Insight's long history of tracking small business credit cards, Small Business Banking Research Services will assess the industry's top traditional banking and fintech platforms to illuminate this increasingly competitive and disruptive space. Using authenticated experiences, Small Business Banking Research Services will offer deep dives into user journeys with ongoing reporting on platform enhancements and dashboards that track industry leaders and innovative disruptors. Similar to the retail banking industry over the past few years, fintechs and other digital-first organizations are now causing major disruption in the small business banking space and we anticipate this trend to continue to grow in the upcoming years, Our new Small Business Banking Research Services will track and assess the digital capabilities of the primary incumbents and disruptors, with the primary goal of arming business banking organizations with the knowledge needed to drive improved digital customer experiences." Andrew Way, senior director of research at Corporate Insight. About Corporate Insight Corporate Insight delivers competitive intelligence, user experience research and consulting services to the nation's leading financial and health institutions. As the recognized industry leader in customer experience research since 1992, we have been the trusted partner to corporations seeking to improve their digital capabilities and user experience. Our best-in-class research platform and unique approach of analyzing the actual customer experience helps corporations advance their competitive position in the marketplace.

Read More

PAYMENTS

OwlPay Partners with Nium to Launch Global B2B Cross-Border Payment Service

OwlTing Group | May 11, 2022

OwlTing Group, a global blockchain services company, today announced a partnership with Nium, the global platform for modern money movement, to power OwlPay, OwlTing's new real-time cross-border payments service for e-commerce and travel platforms in Southeast Asia. OwlPay provides a one-stop financial services integration service for global B2B transactions. The new service covers automatic reconciliation, online currency swaps, and cross-border payment services, to streamline traditional payment processes and significantly enhance operational efficiency for enterprises. Using developer-friendly APIs, OwlPay connects to business' internal management systems and provides a one-stop service for the administration of orders and providers, financial reconciliation, online audit, and payment process automation. In addition, Nium's competitive exchange rate, extensive settlement network, and support of more than 100 currencies with online currency exchange adds a unique advantage for businesses to complete real-time international remittance on the web interface. We are optimistic about the benefits OwlPay brings to global enterprises, cross-border e-commerce platforms, as well as online travel agencies (OTAs) offering various products and services. OwlPay's partnership with Nium provides a new B2B payment experience. OwlPay not only allows enterprises to integrate cash flow and information flow, but helps them achieve operational excellence without the need to build an internal payment infrastructure that costs extra time and effort. It is estimated that OwlPay can save up to 50% labor cost for the financial team, Currently, the average cross-border remittance fee falls between 25 to 30 USD per transaction, while OwlPay charges lower than 10 USD with same-day settlement. Payees can receive full payments even for a small amount, which makes OwlPay a faster and cheaper payment solution tailored to the needs of global enterprises. In addition, OwlPay supports six currencies for deposit, and the funds can be directly exchanged to local currency for payouts. By depositing funds to designated accounts in Singapore or Hong Kong in advance, enterprises can leverage OwlPay's worldwide network and payout to global vendors in just a few clicks. Singapore- and Hong Kong-based enterprises can even enjoy further cost reduction through domestic deposits and experience OwlPay's powerful services instantly." Una Peng, Senior Manager of OwlPay. OwlTing will first target Southeast Asia, where the digital economy is fast growing. As pointed out in the Southeast Asia Digital Economy Trend Report released by Google, Temasek Holdings, and Bain & Company, the Internet penetration rate in Southeast Asia in 2021 was up to 75%. The Gross Merchandise Volume (GMV) of the internet economy was up to 174 billion USD, and it is expected to reach 363 billion USD in 2025. As a leading blockchain company, we're actively looking for global partners to make B2B payments faster and cheaper. We are very pleased to cooperate with Nium to grow from domestic financial services to multi-currency, cross-border payments services. OwlPay's services will expand from Asia to North and South America, and Europe. With OwlPay, we aim to help global enterprises enhance operational and capital arrangement efficiency with a new type of payment and send real-time remittances to other countries with ease. We plan to introduce stablecoins and various settlement networks to explore the infinite possibilities of financial innovation and digital payment development." Darren Wang, Founder and CEO of OwlTing Group. About OwlTing Blockchain Payment Service – OwlPay OwlPay provides a one-stop integration payment service for global enterprises. Through developer-friendly APIs, OwlPay integrates functions including reconciliation, mass transfers, auto payouts to innovate B2B cross-border transactions for real-time settlement and clearance. OwlPay charges lower than 10 USD per transaction with same-day settlement, which makes OwlPay a faster and cheaper payment solution tailored to the needs of global enterprises. OwlPay aims to create a new FinTech experience to help enterprises enhance operational efficiency and save labor cost. About OwlTing Group Founded in 2010, OwlTing Group covers B2B, B2B2C, and B2C services. As a Taiwan-based company, OwlTing has branch offices in the US, Japan, Thailand, Malaysia, Hong Kong, and Singapore, and seeks to expand globally. In 2018, OwlTing announced an eight-figure USD investment from Japanese financial giant SBI Group. In recent years, OwlTing has formed partnerships with government, industry, and academia globally and applied the blockchain technology to the medical industry, automotive industry, defense industry, food industry, forestry, agriculture, etc. OwlTing aims to build blockchain services for various industries.

Read More

Spotlight

Get the answers your business deserves before you purchase your next all-flash array. There are expensive steak dinners and box seats at sports games. Lots of college-athletes-turned-sales-reps eager to be your best friend. And don’t forget about the marketing schwag!

But if you sit down with an IT operations manager responsible for deciding storage strategy, you’ll discover that most actually hate the way they are forced to buy storage. There are probably some interesting answers that can be traced back to the mainframe days. But the simple explanation is that the traditional storage sales process is based on confusion, misdirection, and empty promises.

Resources