Day: December 3, 2020

Sedgwick buys product recall and remediation service business

spike 2 months ago

Although Sedgwick has been helping clients with product liability claims for years, the acquisition of Stericycle’s remediation service allows Sedgwick to offer its own comprehensive, in-house solution, the company said in a release. This solution includes the retrieval of in-market product, processing and tracking returns, working with governing regulatory agencies and more.

“The addition of Stericycle’s Expert Solutions service line, along with their talented team, brings tremendous value to Sedgwick,” said Sedgwick CEO Mike Arbour. “We look forward to offering best-in-class recall, remediation and retention solutions on a global scale under the Sedgwick banner to clients in the automotive, food

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BBVA and Sabadell abandon merger

spike 2 months ago

BBVA, Spain’s second-largest lender by assets, and smaller Banco de Sabadell have ended their merger talks due to  disagreement over pricing. Despite numerous calls for consolidation, the Spanish example underlines that consolidation in Europe’s fragmented banking system will be complicated.

BBVA and Sabadell abandon merger

The banks disclosed the talks two weeks ago. BBVA said on November 16 that it was conducting due diligence on Sabadell after agreeing to sell its operations in the U. to PNC Financial Services Group for $11.6 billion.

European banks have faced intensifying pressure to merge as they struggle to make money in a negative-rates

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Brokerslink picks up new general manager

spike 2 months ago

Brokerslink has announced the appointment of Twan Hoste (pictured) to the role of general manager.

In his new role, Hoste will have overall management responsibility of Brokerslink’s senior team and report to the firm’s board. He will be responsible for driving the firm’s growth strategy, focusing on bolstering relationships with the its global network of independent brokers, investing in operating infrastructure, and developing “digital solutions” to support the network’s partners and affiliates.

A veteran of the industry, Hoste comes from a 16-year stint at AIG Europe where he held several senior roles in customer, sales, and broker relationship management working

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EPSM advocates a gradual SCA ramp up as of January 2021

spike 2 months ago

At the end of this year, the transitional exemption on PSD2-SCA for e-commerce card payments will end.

EPSM advocates a gradual SCA ramp up as of January 2021

EPSM, the European trade association representing the interests of payment service providers for merchants, like acquirers and internet PSPs for payment acceptance, appreciates the feedback received from many EPSM members that in their markets ramp up phases are considered in the dialogues with the national competent authorities.

This flexibility is urgently needed. Based on comments from EPSM members and other market participants, the current operational use of EMV 3DS V2.0 which is

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