Cross-border payments enabler Earthport has poached a Microsoft general manager Amanda Mesler to fill its vacant chief executive role.
Hank Uberoi, executive chairman of cross-border payment service Earthport, purchased 250,000 ordinary shares in the AIM-quoted firm on Tuesday.
Cross border payment services utility provider Earthport announced on Thursday that its wholly-owned subsidiary Earthport North America has received written confirmation of the issue of its New York State money transmitter licence, backdated to be effective from 15 February.
Earthport has expanded its relationship with Japan Post Bank and will work on delivering outbound cross-border payment services across North America and Europe, the company said on Tuesday.
Cross-border payments network Earthport issued an unaudited trading update for the six months ended 31 December on Thursday, reporting 8% growth in revenues over the prior year to £15.4m.
Financial services company Earthport warned that revenues for its financial year will be 10-15% below expectations and that chief executive Hank Uberoi will become executive chairman next month to "fully focus on a growing number of strategic opportunities and partnerships" with the search beginning for a new CEO to run daily operations.
Leading payment network for cross-border transactions, Earthport, has partnered with BRAC Saajan Exchange, the payments arm of BRAC Bank Ltd, to deliver cross-border payment services into Bangladesh, a country with a population of 165m and a burgeoning payments market.
Cross-border payment network Earthport announced a partnership with US-based bank Cross River on Thursday, to provide inbound cross-border payment services across the US market, adding to its existing capabilities to process payments in the US.
Cross-border payment network Earthport announced on Monday that it partnered with Access Bank, one of Africa's foremost financial institutions, to provide delivery of cross-border payment services into Nigeria.
Cross-border payments network provider Earthport announced on Thursday that it had partnered with Indian private sector bank Kotak Mahindra Bank to provide cross-border payment capabilities across select global markets.
Earthport, the cross-border payments specialist, has cut losses by 65% last year as revenues grew by a third.
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.
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.
Axis Bank has become the first Indian bank to use Earthport's, cross-border payments service, following approval from the country's central bank.
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.
Cross-border payment network Earthport's revenue increased as investments during the year helped improve transaction flows in European and North American banks.
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.
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.
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.
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.