Global Payments, which provides electronic transaction processing services, has announced that The CashLinq Group, a merchant services provider and independent sales organization, has agreed to extend its long-term relationship with Global Payments for payment processing services.Through its new multi-year agreement, Global Payments will continue to provide The CashLinq Group with a comprehensive line of payment card authorization and settlement services, as well as customized merchant support services for The CashLinq Group's expanding market base of non-profit and faith-based merchants.Paul Garcia, chairman, president and CEO of Global Payments, said: "It is our great pleasure to continue serving The CashLinq Group and their customers. We believe that both companies benefit from this association and we are proud to be linked with the many wonderful opportunities Foster and his team are developing in this market place."
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Bankruptcy filings rose 11.9% during the past 12 months, according to statistics from the Administrative Office of the U.S. Courts; JPMorganChase named Jerry Lee and Nick Richitt as global co-heads of health care investment banking; Goldman Sachs appointed Akila Raman as global head of its private and alternatives capital markets business; and more in this week's banking news roundup.
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The all-cash, 750 million euro deal to buy Talon.One marks a notable shift from the fintech's M&A strategy that has historically favored build versus buy.
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The Long Island-based regional bank, which has been in turnaround mode for two years, reduced its earnings per share guidance for 2026 and 2027. It cited an expected decrease in net interest income due to higher levels of payoffs and paydowns in commercial real estate.
April 24 -
The Federal Deposit Insurance Corp., Federal Reserve and Office of the Comptroller of the Currency Thursday finalized a rule lowering the community bank leverage ratio from 9% to 8% as well as extending compliance deadlines.
April 24 -
U.S. Attorney for the District of Columbia Jeanine Pirro said in a social media post Friday morning that the Justice Department is closing its investigation into Federal Reserve Chair Jerome Powell, clearing a path for Kevin Warsh to be confirmed as Powell's replacement.
April 24 -
Only 16% of 206 banking pros rated their institution "high" or "very high" — and most of those ratings rest on no formal measurement.
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