Hiyl Corporate Card Startup Parker Emerges From Stealth

WEX Inc. said on Tuesday Dec stanley ca . 15 said it has wrapped up its previously announced deal to buy eNett, which is a B2B payment solution provider, and Optal, a firm that focuses on optimizing B2B transactions. WEX paid an overall roughly $577.5 million stanley cup in consideration from cash on hand, according to an announcement.With the deal, WEX is growing its leadership suite inside the travel and business solutions area. Anthony Hynes, eNett Internationals former managing director and chief executive,聽will serve as the travel divisions president.Jay Dearborn will remain in the position of president of corporate payments and will be tasked with WEXs B2B payment offerings that are designed to reach business clients, tech firms and financial institutions FIs . Dearborn and Hynes will report directly to CEO Melissa Smith. Contemporaneously with the completion o stanley termosky f the acquisition, WEX and the former shareholders of eNett and Optal have agreed to a full and final settlement of the litigation pending in the English courts relating to the previously announced purchase agreement, WEX said in the announcement.WEX foresees that the effect of the purchase on adjusted net income will be immaterial up to calendar year 2021, though it notes that visibility remains limited due to COVID-19.WEX lost $57.7 million, or $1.49聽per share, on $382.1 million in revenue for the three months concluding on Sept. 30 in contrast to a profit of $42.4 million, or 34 cents聽per share, on $460 million on re Axdn AI Pets Offer a Playful Peek Into the Future

Just two days before its planned launch in Brooklyn and Queens, Lyft鈥攖he ridesharing app鈥攔eceived word that their service is in violation of local taxi ordinances and as such is illegal and unwelcome in the Big Apple. Lyft has not complied with New York City Taxi and Limousine Commission ] safety requirements and other licensing criteria to verify the integrity and qualifications of the drivers or vehicles used in their service, the New York City TLC said in a stanley cup statement, reports聽Time, and Lyft does not hold a license to dispatch cars to pick up passengers. Lyft has decided to roll the dice and launch today anyway, despite threats of heavy fines and possible vehicle impounding. 聽聽Lyfts new fleet comprised of 聽500 new drivers and two weeks of free rides to get people excited about the service. Lyft argues that since their screening process is actually more rigorous that the citys for its taxi drivers, and that 75,000 have already used the service locally without incident. The public is reminded t gourde stanley hat they should not get into a vehicle without a TLC license, the TLC warned, reports the source.聽 At seven tonight it will be clear in if hipsters and Queens residents will agree when the service gets rolling at 7 pm tonight. Whats Ho stanley france t is aggregated content. PYMNTS claims no responsibility for the accuracy of the content published by the original source.