Visa sweetens bid for Earthport, trumps Mastercard
8th Feb 2019 09:23
(Sharecast News) - Visa International Service Association, a wholly-owned subsidiary of Visa Inc, has upped its bid for payment solutions business Earthport, trumping a rival offer from Mastercard.
Read moreEarthport grows revenues in core payments business
5th Feb 2019 08:49
(Sharecast News) - Cross border payments network Earthport saw revenues move ahead in the first half of its trading year after selectively increasing the customer base of its core payment business.
Read moreVisa to buy Earthport in £198m deal
27th Dec 2018 08:00
(Sharecast News) - Visa Inc has agreed to buy London-listed Earthport, which provides cross-border payment services to banks and businesses, in a £198m cash deal.
Read moreEarthport losses widen as admin costs weigh on margins
30th Nov 2018 10:18
(Sharecast News) - Cross-border payment network Earthport saw revenues improve 5.3% to £31.9m in its last trading year, but increased admin expenses and narrowing gross margins led the firm to a deeper loss.
Read moreEarthport losses widen in 'challenging' year
25th Jul 2018 12:28
(Sharecast News) - Cross-border payment network Earthport issued an unaudited trading update for the fiscal year ended 30 June on Wednesday, reporting a 5.3% improvement in revenue to £31.9m.
Read moreEarthport revenue increases as cross-border transactions surge
31st Jan 2017 08:16
(ShareCast News) - Cross-border payment provider Earthport expects to report an increase in revenue supported by a rise in the number of transactions and payment volumes for the first half of the year. During the six months ended 31 December 2016, the company strengthened its relationship with with
Read moreEarthport expands cross-border payments service with BofAML
12th Dec 2016 07:58
(ShareCast News) - Bank of America Merrill Lynch's clients will now be able to access cross currency payments in over 60 countries and nearly 25 currencies after it expanded its service with AIM-listed Earthport. Cross-border payments company Earthport's service will add new countries and currencies
Read moreEarthport expands cross-border payments in India
21st Nov 2016 07:51
(ShareCast News) - Axis Bank has become the first Indian bank to use Earthport's, cross-border payments service, following approval from the country's central bank. India's third largest private bank will allow its clients to make outbound cross-border payments through the AIM-listed company's netwo
Read moreEarthport wins cross-border payments approval from Reserve Bank of India
3rd Nov 2016 12:20
(ShareCast News) - AIM-listed Earthport has received approval from the Reserve Bank of India for operating cross-border payment services for banks as it expands in the country. Earthport could already make inbound payments into India for its overseas clients, and now with the central bank's approval
Read moreEarthport's revenue rises as European, North American transactions grow
26th Oct 2016 08:59
(ShareCast News) - Cross-border payment network Earthport's revenue increased as investments during the year helped improve transaction flows in European and North American banks. Revenue climbed 18% for the year ended 30 June, to £22.8m, compared to last year, while transactional revenues comprised
Read moreEarthport deal does little for investors
3rd Mar 2016 15:27
(ShareCast News) - Earthport announced a new agreement for services with foreign exchange payroll specialist The FX Firm on Thursday, though that appeared to do little for investor appetites. The AIM 50 payment network for cross-border transactions said the agreement was intended to facilitate The F
Read moreEarthport dragged back to earth by apparent client fraud
25th Feb 2016 15:43
(ShareCast News) - Shares in Earthport have fallen back to 2012 levels after a potential fraud by a corporate client put its Baydonhill foreign exchange business at risk of a potential £5m loss. One corporate customer, which has since been found to have appointed an administrator, reneged on paying
Read moreBanking industry veteran appointed to Earthport board
17th Feb 2016 08:53
(ShareCast News) - Earthport gained a veteran of the US banking industry on Wednesday, announcing the appointment of John McCoy to its board as a non-executive director. The AIM-traded payment network for cross-border payments said McCoy's experience was vast, having retired as chairman and chief ex
Read moreEarthport falls earthwards after focus on margins hits sales
25th Jan 2016 12:19
(ShareCast News) - Earthport revealed sales growth slowed in the first half of its new financial year as the cross-border payment group looked to maintain profit margins. Management of the AIM-listed company decided to reallocate resources towards clients in Asia, India and 'the Middle East-Asia cor
Read moreEarthport flies after heavyweight FX appointment and broker tip
6th Jan 2016 16:39
(ShareCast News) - Earthport shares were one of the top risers in London on Wednesday, helped by the strengthening of its forex team with a heavyweight appointment and some encouraging words from a broker. The AIM-listed payments network provider, which enables financial institutions, money transfer
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