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Arrowgrass agrees to an irrevocable undertaking of its Basware shares

The Paypers

(The Paypers) UK-based alternative lender Arrowgrass has agreed to an irrevocable undertaking with Tradeshift to accept a tender offer by Tradeshift for Basware.

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Adrian Gunadi Steps Down as Investree CEO Amid Misconduct Claims

Fintech News

Adrian Gunadi Gunadi’s resignation letter, a copy of which DealStreetAsia has accessed, confirms the irrevocability of his decision and states that he has no further claims against the company. This move comes amid allegations of misconduct and various challenges faced by the company, as reported by DealStreetAsia.

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FinovateSpring 2024 Sneak Peek Series: Part 6

Finovate

Features Ensure irrevocable, instant inbound settlement with Request for Payment feature Reduce fraudulent funding risks associated with ACH and debit card loads Focus on high-impact, real-time payment use cases with seamless API integration Who’s it for? Banks, credit unions, challenger banks, neobanks, etc.

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Eastnets Partners With iPiD to Reinforce Protection Against Financial Fraud

Fintech Finance

Instant payments – which are irrevocable – demand enhanced verification processes to protect against fraud. The financial sector is facing an increasing need for robust security measures as fraud threats become more sophisticated, especially in an instant payments environment.

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Arrowgrass asks EUR 669 mln from Tradeshift for Basware acquisition

The Paypers

(The Paypers) Arrowgrass Capital Partners has extended a deadline for an irrevocable offer to 28 February 2019 for Tradeshift to acquire Basware for EUR 669 million.

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FPC 2022 Fall Member Meeting

Faster Payments Council

Speakers: Elizabeth McQuerry, Glenbrook Partners; Chris Jewell, Zepto; Joerg Richter, Equens Worldline; Carlos Corrales, Tesabiz 9:50am-10:30amCT: Panel Session – Implications and Next Steps for Irrevocability in Faster Payments (Minneapolis Ballroom Salon AB) This panel session will explore the benefits and drawbacks of irrevocability, the implications (..)

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Fraud: What Is the Contingent Reimbursement Model?

FICO

Banks have given customers the ability to make real-time, irrevocable payments but have not given them protection if something goes wrong. In February 2022 the potential for risk increased when the UK Faster Payment system quadrupled the limit for a one-off instant and irrevocable payment from £250,000 to £1million.