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More about the 2020 Recovery Rebate Payment

The pandemic has affected all aspects of our lives including the way we file taxes. Many Americans received support via stimulus checks but the good news stimulus payments are not taxable.

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The Telegraph

Saturday morning UK news briefing: Today’s top headlines from The Telegraph

Welcome to your early-morning news briefing from The Telegraph – a round-up of the top stories we are covering on Saturday. To receive twice-daily briefings by email, sign up to our Front Page newsletter for free. 1. Boris Johnson: Indian variant poses real risk of disruption to our plans Boris Johnson on Friday warned that the Indian variant could “seriously disrupt” plans to lift the final Covid restrictions on June 21. The Prime Minister said he must “level with” the public about the threat posed by the new strain and said “hard choices” about the route out of lockdown could lie ahead. Read the full story. 2. Prince Harry’s broadside leaves senior royals bemused over his ‘woeful lack of compassion’ The Duke of Sussex’s broadside about the Prince of Wales has left senior royals bemused over his “woeful lack of compassion” for his own family, The Telegraph understands. All three royal households were seemingly left reeling on Friday by the Duke’s suggestion that he had been failed not only by his own father but through association, by the Queen and the Duke of Edinburgh too. Read the full story. 3. Oxford University decolonising inch by inch, with imperial measurements the next target Oxford University has suggested imperial measurements should be “decolonised” over links to the British Empire. The mile, inch, yard, pound and ounce are “tied deeply to the idea of the Empire” and their presence in the curriculum could change, decolonising plans by Oxford’s maths, physics and life sciences faculty suggest. Read the full story. 4. Offer of face-to-face appointments ‘cannot happen overnight’, GPs warn patients GPs have rejected NHS instructions to immediately offer every patient a face-to-face appointment, warning the move “cannot happen overnight”. The British Medical Association (BMA) on Friday called on health chiefs to show “honesty” with the public about longer waiting times due to the effects of social distancing on patient flow in surgeries. Read the full story. 5. Edwin Poots vows to ‘undermine’ Northern Ireland protocol after being elected DUP leader The Democratic Unionist Party’s has elected a new leader who vowed to “systematically undermine and strip away all aspects” of the Northern Ireland protocol. Edwin Poots, the Stormont Agriculture Minister, beat the DUP’s Westminster leader Sir Jeffrey Donaldson by just 19 votes to 17 at Friday’s election. Read the full story. Stay up-to-date with breaking news and the latest politics from The Telegraph throughout the day.

Source: https://news.yahoo.com/more-2020-recovery-rebate-payment-142108851.html

Payments

Deutsche Bank AG Has $2.78 Million Stake in Shift4 Payments, Inc. (NYSE:FOUR)

Deutsche Bank AG trimmed its position in Shift4 Payments, Inc. (NYSE:FOUR) by 24.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 29,712 shares of the company’s stock after selling 9,519 shares during the period. Deutsche Bank AG’s holdings in Shift4 Payments were worth $2,784,000 as of […]

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Posted by on Oct 12th, 2021

Shift4 Payments logoDeutsche Bank AG trimmed its position in Shift4 Payments, Inc. (NYSE:FOUR) by 24.3% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 29,712 shares of the company’s stock after selling 9,519 shares during the period. Deutsche Bank AG’s holdings in Shift4 Payments were worth $2,784,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of FOUR. Alliancebernstein L.P. raised its stake in shares of Shift4 Payments by 2.9% in the 2nd quarter. Alliancebernstein L.P. now owns 2,718,272 shares of the company’s stock valued at $254,756,000 after purchasing an additional 77,207 shares during the period. BlackRock Inc. increased its position in Shift4 Payments by 53.2% during the first quarter. BlackRock Inc. now owns 2,344,456 shares of the company’s stock worth $192,268,000 after buying an additional 814,160 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of Shift4 Payments by 3.9% during the first quarter. Ameriprise Financial Inc. now owns 1,849,612 shares of the company’s stock worth $151,687,000 after acquiring an additional 69,466 shares during the period. Southpoint Capital Advisors LP boosted its holdings in shares of Shift4 Payments by 7.5% during the first quarter. Southpoint Capital Advisors LP now owns 1,520,000 shares of the company’s stock worth $124,655,000 after acquiring an additional 106,574 shares during the period. Finally, Waddell & Reed Financial Inc. boosted its stake in shares of Shift4 Payments by 41.2% in the first quarter. Waddell & Reed Financial Inc. now owns 1,425,484 shares of the company’s stock valued at $116,904,000 after buying an additional 416,278 shares during the period. Institutional investors and hedge funds own 56.37% of the company’s stock.

Shares of NYSE:FOUR opened at $68.10 on Tuesday. The company has a fifty day moving average of $82.51 and a 200-day moving average of $89.34. The company has a market capitalization of $5.65 billion, a PE ratio of -70.21 and a beta of 2.35. The company has a debt-to-equity ratio of 2.50, a quick ratio of 5.42 and a current ratio of 5.43. Shift4 Payments, Inc. has a 52-week low of $47.05 and a 52-week high of $104.11.

Shift4 Payments (NYSE:FOUR) last announced its quarterly earnings results on Thursday, August 5th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.05. The company had revenue of $351.00 million during the quarter, compared to the consensus estimate of $313.76 million. Shift4 Payments had a negative net margin of 4.63% and a negative return on equity of 6.30%. The company’s revenue for the quarter was up 147.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.03) earnings per share. On average, equities analysts forecast that Shift4 Payments, Inc. will post 0.23 EPS for the current fiscal year.

Several brokerages recently issued reports on FOUR. Royal Bank of Canada boosted their price target on Shift4 Payments from $95.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, August 6th. Credit Suisse Group boosted their price target on Shift4 Payments from $85.00 to $100.00 and gave the company an “outperform” rating in a research note on Friday, August 6th. Finally, Zacks Investment Research downgraded shares of Shift4 Payments from a “buy” rating to a “hold” rating in a research report on Wednesday, September 15th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $90.30.

In related news, CFO Bradley Herring sold 2,000 shares of the stock in a transaction on Monday, August 9th. The stock was sold at an average price of $89.30, for a total value of $178,600.00. Following the completion of the sale, the chief financial officer now directly owns 28,849 shares in the company, valued at $2,576,215.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jordan Frankel sold 5,000 shares of the stock in a transaction on Thursday, July 15th. The shares were sold at an average price of $91.94, for a total value of $459,700.00. The disclosure for this sale can be found here. Insiders have sold 4,257,000 shares of company stock valued at $356,575,800 over the last quarter. Company insiders own 12.20% of the company’s stock.

Shift4 Payments Profile

Shift4 Payments, Inc (NYSE FOUR) provides integrated payment processing and technology solutions in the United States. Its payments platform provides omni-channel card acceptance and processing solutions, including end-to-end payment processing for various payment types; merchant acquiring; proprietary omni-channel gateway; complementary software integrations; integrated and mobile point-of-sale (POS) solutions; security and risk management solutions; and reporting and analytical tools, as well as tokenization, risk management/underwriting, payment device and chargeback management, fraud prevention, and gift card solutions.

See Also: How are the companies in the S&P 500 selected?

Want to see what other hedge funds are holding FOUR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Shift4 Payments, Inc. (NYSE:FOUR).

Institutional Ownership by Quarter for Shift4 Payments (NYSE:FOUR)

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In related news, CFO Bradley Herring sold 2,000 shares of the stock in a transaction on Monday, August 9th. The stock was sold at an average price of $89.30, for a total value of $178,600.00. Following the completion of the sale, the chief financial officer now directly owns 28,849 shares in the company, valued at $2,576,215.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jordan Frankel sold 5,000 shares of the stock in a transaction on Thursday, July 15th. The shares were sold at an average price of $91.94, for a total value of $459,700.00. The disclosure for this sale can be found here. Insiders have sold 4,257,000 shares of company stock valued at $356,575,800 over the last quarter. Company insiders own 12.20% of the company’s stock.

Source: https://www.americanbankingnews.com/2021/10/12/deutsche-bank-ag-has-2-78-million-stake-in-shift4-payments-inc-nysefour.html

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Payments

Square enables contactless payments with new Cash App Pay

Digital payments firm Square has introduced a new contactless payment method, dubbed Cash App Pay, for both sellers and consumers.

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Digital payments firm Square has introduced a new contactless payment method, dubbed Cash App Pay, for both sellers and consumers.

The new method is a software integration of the company’s Seller and Cash App ecosystems.

It enables sellers to accept online as well as in-person contactless payments. Meanwhile, consumers can make transactions using their Cash App account at participating Square sellers.

Users can scan the QR code of a seller at checkout or click a button on their mobile device for fast and secure payments.

In addition, sellers can leverage over 70 million annual transacting active customers of Cash App. This can lower checkout friction for consumers while improving their experience, Square noted.

Square lead of Seller business Alyssa Henry said: “Cash App Pay enables us to offer a simple and mobile-friendly way for businesses to reach customers across online and in-person, bringing accessibility and flexibility to every transaction.

“We look forward to deepening the integrations between Square’s Seller and Cash App ecosystems that will continue to offer enhanced experiences for businesses and customers alike.”

The latest contactless method expands Square’s omnichannel commerce offerings for merchants.

With the increasing use of contactless and QR code-based payments, Square sellers and also Cash App customers prefer using Cash App Pay, the company added.

Square lead of Cash App business Brian Grassadonia said: “The option to checkout online or in-store with Cash App has been a frequent request amongst our customer base.

“With the launch of Cash App Pay at Square merchants, we’re excited to introduce this new, seamless checkout experience to consumers across the United States.”

Merchants using the new method can manage receipts, reconciliation and settlements in their Square system. It is available as a software update and no technical integration or new hardware is needed.

Last month, Square agreed to acquire Australian ‘Buy Now Pay Later’ (BNPL) fintech Afterpay in an all-stock deal valued at approximately $29bn (A$39bn).

Square lead of Seller business Alyssa Henry said: “Cash App Pay enables us to offer a simple and mobile-friendly way for businesses to reach customers across online and in-person, bringing accessibility and flexibility to every transaction.

Source: https://www.electronicpaymentsinternational.com/news/square-cash-app-pay/

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Payments

Act fast or miss the digital payments boat, BIS tells central banks

Market News

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Reuters

Reuters Friday September 10, 2021 07:43

LONDON (Reuters) – Major central banks should press ahead now with digital currency projects to avoid falling behind comparable private sector payment initiatives that are already taking root, a Bank for International Settlements official said on Friday.

Corporate moves into digital payments, including Facebook with its diem stablecoin, have accelerated since the pandemic, as have contactless card transactions, and central banks are falling behind Big Tech at a time when questions are even being asked about the future of cash in some countries.

“The time has passed for central banks to get going,” said Benoit Coeure, a former European Central Bank official who now heads the BIS Innovation Hub.

“We should roll up our sleeves and accelerate our work on the nitty-gritty of CBDC (digital currency) design. CBDCs will take years to be rolled out, while stablecoins and cryptoassets are already here. This makes it even more urgent to start,” Coeure told a conference.

Unlike a stablecoin – whose price is pegged to a largely unregulated cryptocurrency, fiat money or assets like exchange-traded commodities – a CBDC is a digital version of existing notes and coins.

Central banks in Europe, Britain, the United States have been considering establishing CBDCs, though only the People’s Bank of China has taken concrete steps by launching trials.

Coeure said the European Union was uniquely placed to face the future in that field by building on its fast, open payment system and on strong guarantees provided by its data protection rules.

In July, a European Central Bank report gave the go ahead for the design and possible launch of a digital version of the euro, a project that Coeure said could take five years.

“A CBDC’s goal is ultimately to preserve the best elements of our current systems while still allowing a safe space for tomorrow’s innovation,” he said.

“To do so, central banks have to act while the current system is still in place – and to act now.”

Reporting by Huw Jones; editing by John Stonestreet

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

“The time has passed for central banks to get going,” said Benoit Coeure, a former European Central Bank official who now heads the BIS Innovation Hub.

Source: https://www.kitco.com/news/2021-09-10/Act-fast-or-miss-the-digital-payments-boat-BIS-tells-central-banks.html

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