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FIS and TCH Aim to Bring Real-Time Payments to Minority Communities 05/04/2021 | 08:39am EDT Send by mail : Message : Required fields NEW YORK, May 4, 2021 /PRNewswire/ -- In an effort to bring the benefits of real-time payments to all Americans, especially those in communities served by minority-owned depository institutions (MDIs), financial technology leader FIS and The Clearing House are jointly funding the onboarding fees for MDIs joining the RTP® network, the real-time payments network ...

As the old saying holds, cash-flow is the life blood of the construction industry. In 2021, Hong Kong looks set to join Singapore, Australia and other jurisdictions in implementing a Security of Payment regime to regulate payment practices and provide a system to protect cash flow in the construction industry. As a first step, the Hong Kong Development Bureau has released consultation drafts of a Technical Circular annexing draft Security of Payment provisions for inclusion in public works cont...

Read more about Tech Mahindra gains on acquiring Hong Kong-based payments solutions provider on Business Standard. Tech Mahindra rose 0.90% to Rs 1073.75 after the company said that it has agreed to acquire 100% shareholding of Payments Technology Services for a cash consideration of $9 million.

Bharti Airtel: The company, on Tuesday, said it is initiating the process to revise its foreign investment limit to 100 per cent with immediate effect. Tata Elxsi: Tata Elxsis net profit increased 39.5 per cent year-on-year (YoY) to Rs 105.2 crore for the December 2020 quarter.Its revenue from operations rose 12.7 per cent YoY to Rs 477.1 crore for the quarter. Tata Motors: The firm reported a 1 per cent rise in global wholesales, including Jaguar Land Rover, to 2,78,915 units in the third quar...

Stocks to Watch: Wipro, Infosys, Bharti Airtel, Tata Motors, Hero MotoCorp Premium 2 min read Share Via Here’s a list of top ten stocks that may be in news on Wednesday: Wipro: The IT services major will announce its December quarter earnings today. Its dollar revenue is expected to grow around 3% sequentially in constant currency terms. The company had reported a 3.4% drop in its consolidated net profit for the quarter ended September at ₹2,466 crore. TRENDING STORIESSee All Premium 5 mi...

Tech Mahindra to acquire Payments Technology Services for USD 9 million IT services major Tech Mahindra on Tuesday said it will acquire Payments Technology Services Ltd (PTSL), a step-down subsidiary of fintech firm FIS, for USD 9 million (about Rs 66 crore). The acquisition will give Tech Mahindra access to IPs and licenses for two products - Open Payment Framework (OPF) and Multi-Bank System (MBS), a regulatory filing said. "The acquired capabilities in the payments space will give us access...

IT services major Tech Mahindra on Tuesday said it will acquire Payments Technology Services Ltd (PTSL), a step-down subsidiary of fintech firm FIS, for USD 9 million (about Rs 66 crore). The acquisition will give Tech Mahindra access to IPs and licenses for two products - Open Payment Framework (OPF) and Multi-Bank System (MBS), a regulatory filing said. "The acquired capabilities in the payments space will give us access to IPs and licenses for 2 products, which is consistent with our stra...