DENVER - (06/21/06) First Data Corp. reported itsCardservice International unit has sold off much of its stake introubled ATM operator Global Axcess Corp. Cardservice sold off morethan a third of its Global Axcess shares over the last six weeksfor just pennies on the share, according to a filing with theSecurities and Exchange Commission. Between May 1 and June 7,Cardservice sold 534,500 shares for between 60 cents and 80 centeach. That leaves Cardservice with 900,029 Global Axcess shares, a4.28% stake. Global Axcess, which operates more than 5,000 ATMs,some of them co-branded by credit unions, reported a $722,000 loss2005 and an $877,900 loss for its first quarter, and has announcedit is shopping itself to prospective suitors. Global Axcess shareswere trading for just 52 cents Tuesday.
-
Lendistry, one of the nation's fastest-growing SBA 7(a) lenders, is getting a $25 million infusion from TD's community development arm.
4h ago -
The fintech, which powers debt collections for banks and credit unions, received a "strategic investment" from Vista Equity Partners to expand into agentic AI.
4h ago -
Bankers face a "critical limitation" due to the vast number of oversight agencies and institutions, like social media companies and telecom institutions, that a fraudster might touch on their way to scam a consumer.
5h ago -
The payments company has used an acquisition of digital asset firm Bridge to gain ground, reminiscent of how fintechs have honed in on banks' payment turf for years.
6h ago -
President Donald Trump asked the Supreme Court to reverse a lower court ruling allowing Federal Reserve Gov. Lisa Cook to remain in office pending the outcome of her lawsuit challenging Trump's move to fire her late last month.
6h ago -
The Toronto-based bank named Rahul Nalgirkar as incoming finance chief. Nalgirkar, who joined BMO in 2022 from Fifth Third, will succeed the retiring Tayfun Tuzun, who came to BMO in 2020 after working at Fifth Third.
7h ago