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Banking industry veteran appointed to Earthport board

Wed, 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 executive of Bank One Corporation in 1999. He had been CEO there since 1984.Bank One was the fourth-largest bank in the United States at the time. In 2004, Bank One merged with JPMorgan Chase, creating the country's largest bank.While at Bank One, McCoy was a member of the US Federal Advisory Council and on the board of the Bankers Roundtable."I am delighted to welcome John McCoy as a member of our board of directors," said Earthport chairman Phil Hickman."John brings a wealth of experience to Earthport, as his outstanding career in banking, technology and private equity has helped numerous companies to grow and prosper. I am confident that John's strategic oversight will materially contribute to our success," he added.McCoy was currently a director of American telecommunications giant AT&T, Onex Corporation, the PGA Tour Policy Board, and sat on the advisory boards of Second Curve Capital and FTV Capital.He was also a former member of the board of trustees at Williams College and Stanford University, and a past chairman of the board of trustees at Kenyon Colllege. McCoy was a member of the board of directors, as well as a former board chair at Battelle Memorial Institute."Earthport's global payment network has the potential to transform the way in which cross-border payments are conducted across the globe, greatly improving efficiencies and reducing costs," said McCoy on his appointment."I am therefore very pleased to be joining the Board of this exciting growth company."
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19 Mar 2014 12:13

UK MIDDAY BRIEFING: Osborne To Stay Course In Budget

LONDON (Alliance News) - UK Chancellor of the Exchequer George Osborne is expected Wednesday to again hail the country's continuing economic recovery whilst reiterating that yet more needs to be done to ensure it is sustained.

In his annual budget speech, which starts at 1230 GMT,

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19 Mar 2014 11:54

Earthport Expands To Asia Pacific With Kyodai Remittance Contract

LONDON (Alliance News) - Earthport PLC Wednesday said it has won a three-year contract with Japanese payments company Kyodai Remittance, marking the early stages of its expansion into the Asia Pacific. In a statement, the AIM-listed cross-border payments company said it expects revenue to b

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19 Mar 2014 11:29

UK WINNERS & LOSERS: Imagination Tech Leads FTSE 250 Risers

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices midday Wednesday.

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FTSE 100 - WINNERS

Barclays, up 2.9%. The bank plans to solicit offers for its index busi

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3 Mar 2014 09:12

Earthport Pretax Loss Widens On Acquisition Costs But Revenues Grow

LONDON (Alliance News) - Earthport PLC Monday said its half-year pretax loss widened as a result of acquisition costs and an increase in headcount, but revenue grew by 81% and have continued to do so since the end of the reporting period. In a statement, the AIM-listed cross-border payments

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18 Feb 2014 09:57

Earthport Steps Up Latin American Expansion

LONDON (Alliance News) - Earthport PLC Tuesday said it has added Mexico and Colombia to its network of payment routes as it looks to broaden its footprint in Latin America. In a statement, the cross-border payments company said the new payment corridors will enable clients to offer faster a

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10 Jan 2014 09:29

STOCKS NEWS EUROPE-UK small caps rise less than blue-chips

The FTSE Small Caps and junior-listed FTSE AIM All Share Index both rise by 0.2 percent, underperforming a 0.6 percent rise on the blue-chip FTSE 100 index a 0.5 percent gain on the mid-cap FTSE 250 index. Cross-border payments company Earthport rises 1.3 percent to 39 pence as brokerage P

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30 Dec 2013 11:12

DIRECTOR DEALINGS: Earthport Issues 3.8 Million New Shares

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19 Dec 2013 16:20

Earthport wins 11.3m dollar deal with BoA Merrill Lynch

Cross-border payment service provider Earthport has reached an 11.3m dollar deal with Bank of America Merrill Lynch. Earthport, which is already an existing key supplier to the investment bank, will help it to expand its low-value clearing capabilities globally and to make its high-volume, low-valu

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19 Dec 2013 09:46

STOCKS NEWS EUROPE-UK small caps up 0.3 pct in morning trade

The FTSE small cap index and junior-listed AIM shares rise 0.3 and 0.4 percent, respectively, lagging a 0.9 percent rally in the blue chips in morning trade. Ferrex rises 5.3 percent after the AIM-listed iron ore and manganese development company signs binding term sheet to advance its Meb

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22 Nov 2013 12:42

UPDATE: Earthport Expects To Break Even By End 2014 After Trimming Loss

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22 Nov 2013 10:00

Earthport Narrows Pretax Losses As Customer Wins Boost Revenue

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16 Oct 2013 07:33

Equatorial Palm Oil Jumps As It Confirms Funding Talks, Potential Offer

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18 Sep 2013 10:08

Earthport Agrees To Acquire Baydonhill In Cash Offer Of GBP6.4M

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16 Sep 2013 09:21

Earthport's Money Transfer Network Selected By Start-Up Azimo

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6 Mar 2013 17:30

STOCKS NEWS EUROPE-UK small caps close up 0.8 percent

UK small caps closes 0.8 percent higher, outperforming the wider market, with the mid-caps up 0.5 percent, and the blue chips 0.1 percent weaker. Financial services organisation Earthport rallies 13 percent after an agreement with American Express to expand its existing foreign exchange int

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