On Wednesday, Shares of Visa Inc NYSE:V), gained 2.07% to $80.46.
Bottom line Technologies EPAY), a leading provider of cloud-based payment, invoice and digital banking solutions recently declared a planned alliance with Visa Inc. NYSE:V) that will create the optimum way for businesses to pay and get paid. Visa’s commercial card solution, Visa Payables, and Bottom line’s payment network, Paymode-X, join to create Paymode-X with Visa Payables.
Paymode-X with Visa Payables advances the two companies’ shared vision for business payment automation. The combined solution draws upon the strength of two large established networks, best-of-breed commercial card and payment capabilities and a proprietary vendor onboarding methodology. Paymode-X with Visa Payables will be easy for payers and vendors to join and use, accelerating and maximizing opportunities for payment efficiency, security and financial gains.
“The combination of Visa Payables and Paymode-X will bring corporate clients a seamless experience that simplifies payment automation and maximizes cost savings, efficiency and security,” said Brian Triplett, SVP and global head of Commercial Solutions, Visa. “By integrating Visa’s digital payment capabilities with Paymode-X, Visa continues to enhance our suite of commercial solutions, empowering corporate buyers and suppliers to take advantage of the benefits of electronic payments.”
As a premier payments technology company, Visa’s global network connects thousands of financial institutions with millions of merchants and cardholders every day. Paymode-X is one of the world’s largest business-to-business payment networks with more than 300,000 businesses. It facilitates the online exchange of electronic payments and remittance advices between payers and vendors in a user-friendly and intuitive format.
Visa Inc., a payments technology company, operates as a retail electronic payments network worldwide. The company facilitates commerce through the transfer of value and information among financial institutions, merchants, consumers, businesses, and government entities.
Shares of Solar City Corp NASDAQ:SCTY), inclined 6.73% to $27.75, during its last trading session.
Solar City Corporation SCTY) and Silver Lake Kraftwerk, Silver Lake’s energy and resource innovation fund, declared that they have agreed to a planned investment of $113 million in aggregate principal amount of Solar City’s Zero Coupon Convertible Senior Notes the “notes”). Silver Lake Kraftwerk has agreed to invest $100 million, Solar City Chairman Elon Musk will invest $10 million and CEO Lyndon Rive will invest $3 million.
Solar City is the #1 provider of rooftop solar in the U.S., and presently provides more than one out of every three new residential solar electricity systems. The company provides solar electricity directly to homeowners, businesses and government organizations for less than they spend on utility bills. Solar City installed more residential solar than its next 36 competitors combined in Q2 2015—the most recent data available—and also installed more commercial solar than any other provider in the first half of 2015.
The investment by Silver Lake Kraftwerk is almost quadruple the size of its initial investment in SolarCity made in February 2012, which it subsequently exited in September 2013.
SolarCity Corporation designs, manufactures, installs, maintains, monitors, leases, and sells solar energy systems to residential, commercial, government, and other customers in the United States. It offers solar energy systems; solar lease and power purchase agreement finance products; mounting hardware for photovoltaic panels; and related software, in addition to develops a proprietary battery administration system, which is designed to enable remote, bidirectional control of distributed energy storage that can provide benefits to customers, utilities, and grid operators.
Finally, Shares of American International Group Inc NYSE:AIG), ended its last trade with 1.59% gain, and closed at $61.97.
American International Group, declared that its Board of Directors has amended AIG’s By-laws, enabling eligible shareholders to comprise their own director nominees in AIG’s proxy statement for its annual meeting. The Board proactively adopted these amendments, reflecting its strong commitment to corporate governance best practices.
“We are happy to enact proxy access for our shareholders,” said Douglas M. Steenland, Non-Executive Chairman of the Board of AIG. “The AIG Board remains committed to strong corporate governance and continually evaluates AIG’s corporate governance practices to be compriseent with the best interests of our shareholders.”
American International Group, Inc. AIG) is a leading global insurance organization serving customers in more than 100 countries and jurisdictions. AIG companies serve commercial, institutional, and individual customers through one of the most extensive worldwide property-casualty networks of any insurer. In addition, AIG companies are leading providers of life insurance and retirement services in the United States. AIG common stock is listed on the New York Stock Exchange and the Tokyo Stock Exchange.
American International Group, Inc. provides insurance products and services for commercial, institutional, and individual customers in the United States, the Asia Pacific, and internationally.