First Data and FLEETCOR Announce Termination of Joint Venture Agreement
First Data and FLEETCOR Technologies announced that they have terminated the joint venture agreement they entered in March 2017. That agreement would have combined the gift card businesses of both parties.
“While both companies believe the proposed joint venture would provide significant benefits to customers and other stakeholders, expected challenges in obtaining regulatory approval led to the mutual conclusion that termination is the best course of action,” said Frank Bisignano, chairman and chief executive officer of First Data. The expected benefits of the joint venture included offering expanded digital gift card distribution solutions. “We look forward to exploring partnership opportunities with FLEETCOR while also growing First Data’s Gift Solutions business,” Bisignano added.
“We’re going to explore some other ways to partner with First Data, while also revisiting our growth plans for an independent SVS,” said Ron Clarke, chairman and chief executive officer of FLEETCOR Technologies, Inc.
No termination fees will be payable by either company in connection with the termination of the joint venture agreement.
Tochka Bank and Qiwi forge small busines partnership
QIWI announced that Tochka Bank and QIWI have agreed to partner in the small business sector.
QIWI Bank will service small businesses based on a platform developed by Tochka. In order to achieve this, Tochka will grant QIWI Bank the rights to use its technologies, and provide methodological support for launching the platform and achieving consistently high standards of customer service. In turn, Tochka’s clients will be able to use QIWI’s network to receive payments from their customers.
Emirates NBD overhauls online banking experience
Artegence helped Emirates NBD to create an all-new online banking experience. The agency was responsible for designing a new interface and enabling an enhanced user experience for customers.
The agency helped create for Emirates NBD a next generation digital banking platform, including working on enhanced information architecture, re-designing user experience with a new Graphical User Interface and supporting the implementation of front-end technology. The newly-launched platform lets clients tailor their online banking experience to their needs, manage their finances with an all-new dashboard using smart insights, shop at the digital store and even meet their banking advisor face-to-face through FaceBanking.
Dash calls on white hats to hack its blockchain
Dash has received approval from the Dash community to employ the services of Bugcrowd, the leader in crowdsourced security testing.
The partnership means thousands of security researchers will be incentivized to identify critical software vulnerabilities within Dash’s code and present them to the Dash Core Team for remediation. Commencing in August, Dash will employ a private bug bounty program through Bugcrowd, tapping into a curated, invite-only crowd to find Dash vulnerabilities, and then, in line with the rollout of Evolution, expand to a public program where over 60,000 registered security experts around the world will detect issues on behalf of Dash and be rewarded in bug bounty payments.
