Payments Monitor

Good morning, welcome to Payments Monitor, my name is Faisal Khan, today is the 19th of October 2015, some trending stories today are: TOP STORIES The world of ATM might be seeing a merger. US ATM manufacturer Diebold is in takeover talk with Wincor Nixdorf in a deal that would put the German OEM at a value of US$ 2 Billion. It would be interesting to see if NCR will be pushed to make a counter offer. If the deal goes through, Diebold will get access to the lucrative European ATM market. Financial Times is reporting that more than 2/3rds of economists expect the Fed to raise US interest rates before the year ends. All this despite the weakening economic data that came out and advisory from several banks that puts the Fed’s inflation target in doubt. In a set of leaked documents that TechCrunch posted, Pinterest may be making its push into the payments arena. The documents which were used for soliciting investments show a forecast in revenue at $169 Million for 2015 and a whopping US$ 2.8 Billion in 2018.