Former CFO and treasurer leaving payment processing business
Oct 15, 2010 8:11 AM
Wells Fargo analyst Greg Bolan says the negative sentiment on shares of Emdeon has become irrational. Despite lowering his forecasts a bit to account for the company's lukewarm Q2, he has upgraded the stock (Ticker: EM) to 'outperform' from 'market perform.' Emdeon is missing out on today's market gains and down about 10 percent since reporting its second-quarter numbers. Also not following the broader market higher are shares of Regions Financial (Ticker: RF), which yesterday were on the receiving end of a 'sell' downgrade from Tom Mitchell at Miller Tabak. Mitchell says the Southeast's economy "will become even more sluggish before it improves," which will limit the 2011 upside of the largest bank in Middle Tennessee.
Aug 17, 2010 11:52 AM
Since June 1, Greg Daily and Carl Grimstad — CEO and president, respectively, of iPayment — have been getting paid at the annual rate of $1 million each. That's more than triple the amount they were taking home before. (Search for 'executive compensation.') SEE ALSO: iPayment's Q2 report from Friday and our Tom Wood's exhaustive coverage of the legal saga that had Daily selling his wine collection earlier this year
Aug 16, 2010 8:08 AM
Payment processor's income nearly doubles
Aug 13, 2010 1:13 PM
Deal gives Nashville firm access to millions of consumers
Aug 12, 2010 2:44 PM
Electronic payment processor Comdata Corp. has promoted Ethon Stanford to vice president of sales for its national account division, providing strategic and operational direction for the company's sales efforts in the transportation industry. Stanford, who has been with Comdata for 26 years, helped start the division, which services large, national fleets.
“With nearly three decades of industry experience, Ethon has a solid understanding of both our fleet customers and the transportation industry overall,” said Randy Morgan, executive vice president of sales. “Our customers are looking for ways to drive efficiencies and reduce expenses, and Ethon’s extensive knowledge of Comdata solutions will enable him to create that value for them.”
Jul 21, 2010 11:01 AM
Payment processor Comdata Corp. is closing its Irving, Texas location — shedding 144 jobs, the Dallas Business Journal reports. The Brentwood-based compay is closing its call center operations in the city and moving its reglatory compliance division to the corporate office.
Jul 20, 2010 7:37 AM
Goldman Sachs has lowered its price target on shares of Nashville-based Emdeon (Ticker: EM) from $19 to $15, more than $2 per share above where they're trading today. The revenue cycle and payment cycle management company's stock price has fallen from above $16 in early May to about $12.50 today.
Jul 7, 2010 11:11 AM
UnitedHealthcare medical director to provide clinical leadership
Jun 9, 2010 10:55 AM
POSTDATA: WARRANTY DEEDS