Hypercom Corp., which is being acquired by VeriFone Systems Inc., said in a regulatory filing Feb. 14 that the combined companies should generate nearly $2 billion in revenue next year.
Hypercom projected 2010 revenue of $459.5 million. It said it and VeriFone collectively would have revenue of $1.3 billion in the second half of this year, when the deal is expected to close. VeriFone confirmed in January that it planned to spin off Hypercom’s U.S. business.
The largest banks have increased their venture capital investments in AI startups by 21% over the past two years. They're looking to "co-shape" technology so that it meets their needs.
Cryptocurrencies and stablecoins — popular topics following the passage of the GENIUS Act — got less attention last week from big-bank CEOs.
Wells Fargo CEO Charlie Scharf said bankers and economists are broadly against lowering interest rates now, given uncertainty from the Iran war.
Banks are pushing back on the Consumer Financial Protection Bureau's draft of a five-year strategic plan, which includes a notable pullback from supervising nonbanks.
U.S. banks must navigate conflicting signals as Iran's crypto toll demands and rising pig butchering scams exploit the same stablecoin and correspondent banking rails.
The RTP rail joins FedNow and digital asset firms in the quest to add speed for cross-border settlement.
