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Don't have an account? Click here to register.Earthport wins deal from US bank PNC
Mon, 24th Mar 2014 11:34
Cross-border payment service provider Earthport saw its shares rise after it won a contract of undisclosed value with the US banking arm of New York-listed PNC Financial Services Group.Earthport, whose service is designed to handle high volumes of low value payments, said it would supply banking services in the consumer, corporate and small business sectors under the deal with PNC's PNC Bank.Earthport's Chief Executive Hank Uberoi said: "PNC is amongst a number of large financial institutions choosing Earthport."Broker Panmure Gordon said: "This is another significant financial institution choosing Earthport, which is encouraging and underlines its growing influence in its market. We re-iterate our 'buy' recommendation and target price of 52p."Shares in Earthport rose 1.75p or 4.7% to 39p at 11:28 in London.PW
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Earthport deal does little for investors
(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 more25 Feb 2016 15:43
Earthport dragged back to earth by apparent client fraud
(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 more17 Feb 2016 08:53
Banking industry veteran appointed to Earthport board
(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
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