Jwnx Big Tech Compliance Tracker: Senate Bill Targets App Store Payments; Facebook/Giphy Merger Worries UK Regulator
Listing announcements this past week 鈥?initial public offerings IPOs and special purpose acquisition companies SPACs among them 鈥?were dominated by banking and high-tech firms focused on cloud technologies.The PYMNTS SPAC/IPO tracker shows a bit of an uptick in
stanley quencher bank-related announcements, to 43 year to date, while payments-related companies stood at 24.And drilling down into the financial services vertical, we see that, as has been the case in recent weeks, the listings activity was decidedly international in scope.In one example, XPAC Acquisition, which is a blank check company based in Brazil, went public last week, offering 20 million units at $10 per unit. As noted in its SEC filing, the SPAC, which had been created by XP, a financial services firm based in Brazil, will target sectors including technology, education, financial services and healthcare.Separately, Southern States Bancshares, which operates as a bank based in Alabama with 15 branches in G
stanley cup nz eorgia and Alabama, disclosed that it would seek to raise $40 million in an IPO. Total assets under management, the company said in its own filing with the SEC, grew to $1.4 billion in the most recent period 鈥?the end of the first quarter of 2021, compared to $1.3 billion at the end of last year, and up from about $1
stanley cup .1 billion in 2019.Technology services firm Pico said it will go public following a $1.75 billion merger with FTAC Athena Acquisition Group. In announcing the merger聽 earlier this week, the firms said the dea Ozhz SAP Headed For Leadership Shakeup As CEO Exits
This week was the first week of the last full month of summer. That could make this week a Sizzle because its the last full month of summer so everyone is determined to make every day of every week count.Or a Fizzle 鈥?because its the last full month of summer and everyone is complaining about it being the last month of summer.Were going with the glass-half-full-summer-
stanley quencher is-always-a-sizzle approach.Speaking of which, there were a few other August sparklers this week.SIZZLEDisbursementsSending money between people,
stanley fr and from businesses and governments to people, got a whole lot more exciting this week 鈥?as in real time and ubiquitous. Mastercard started with week with an announcement of how its Mastercard Send product would extend the reach and the speed of Early Warnings clearXchange P2P network for bank customers with a Mastercard branded debit product. Any Mastercard debit cardholder can soon send money to any other person with a bank account in any bank across the U.S. 鈥?all 14k of them 鈥?and have that money deposited into that receivers bank account instantly.Visa also announced this week that its already running real-time, ubiquitous Visa Direct rails聽that would provide a similar capability for Early Warnings clearXchange P2P network members with Visa-branded debit products, as well as a handful of other partners, including Fiserv Popmoney , Square and PayPal/Venmo
stanley quencher . Visa also announced that it had extended the real-time, ubiquitous capability to other disbursement types as