For the last two years, a perfect storm has been brewing across the Atlantic, whipping up ideal conditions for new British technology investment in Atlanta. Just as the Georgia capital got serious about promoting its payments prowess in London, the world’s financial center, the United Kingdom as a whole decided (narrowly) that its future looked brighter outside Read more
Payments
InComm’s Acquisition of Some Amex Products Highlights Georgia’s Importance as a FinTech Hub
Gov. Nathan Deal announced on April 24 that InComm Inc., the Atlanta-based financial technology company, acquired the distribution rights of American Express’s prepaid reloadable and gift card products. The governor highlighted the creation of 150 jobs in Georgia and $20 million in capital investments while expressing his interest in learning more about the potential impact Read more
FleetCor Recognized for Major Canada Deal
FleetCor Technologies Inc., a Norcross company that helps customers manage fuel costs through payment cards, has been honored for its 2017 acquisition of a Canadian firm. The company bought Cambridge Global Payments for $690 million last year as a way to beef up its cross-border payment processing capabilities, the latest in a series of acquisitions, investments Read more
Q&A: How Atlanta’s P20 Conference Can Drive Global Fintech Innovation
Editor’s note: Atlanta may be the center of the payments universe, but the rest of the world hasn’t necessarily gotten the memo. A few local groups are trying to change that, acting as the industry’s modern-day Galileos to show that transactions really do revolve around the Southeast’s economic capital. In the process, the Atlanta-based American Transaction Processors Coalition has Read more
‘Davos of Payments’ to Highlight Atlanta-London Fintech Partnership in October
A summit designed to preach the power of electronic payments is coming as planned to Georgia, the hub for some 70 percent of such transactions in the U.S. The P20 — short for Payments 20 — held its inaugural meeting in London last fall, bringing together top business leaders, government officials and regulators to tackle issues Read more
BitPay’s $30M Raise Will Help Fuel Asia Expansion
BitPay, the Atlanta-based fintech company that bridges merchants and cryptocurrencies, has raised a $30 million Series B round that will fuel its expansion into Asia and into new avenues like supply-chain payments. The investment was led by Aquiline Technology Growth, based in New York. The fund was drawn to the company’s rapid revenue growth and Read more
Georgia’s Push and Pull Approaches to Global Fintech Dominance
Georgia’s biggest annual financial technology summit showed how the state is aiming to enhance its global reputation, both by attracting investment from overseas and helping homegrown upstarts take on industry challenges with international resonance. The event was a clarion call to defend and augment the state’s reputation as an international leader in an industry that is attracting more Read more
Atlanta to Partner With London on Annual Payments Summit
Atlanta may be the payments capital of the world, but the world doesn’t necessarily know it yet. That’s why, to get its due, Atlanta is teaming up with another global capital whose financial pedigree is less in question: London. The two cities are joining forces to create what they’re pithily calling the “Davos of payments,” a play Read more
India’s Next ‘Leapfrogging’ Act: Fintech and Payments
When it comes to financial technology, there’s an elephant in the room that companies in Atlanta’s “Transaction Alley” would do well to watch closely: India. While the country has its challenges with relatively low Internet penetration (despite nearly 500 million users overall) and a largely unbanked population, India through technology and a bit of timing is already beginning to leapfrog the West’s traditional trajectory on Read more
Another 500-Job Irish Tech Center for Georgia, This Time in Brookhaven
Another Irish firm has announced plans to put a 500-job customer support center in Georgia, the latest example of how an outsourcing sector built up in Dublin to serve multinationals has swung back across the Atlantic to benefit American job-seekers. Dublin-based Sysnet Global Solutions brings value beyond the typical call center. A provider of payments compliance and cybersecurity solutions, Read more
