CINCINNATI, July 8, 2019 /PRNewswire/ -- Worldpay, Inc.
(NYSE: WP) and the University of
Cincinnati are on a mission to help fill a widespread talent
shortfall, while creating career opportunities for students and
business solutions for the Symmes
Township-based payments technology company.
Worldpay is the latest industry partner to co-locate at UC's
1819 Innovation Hub, within the Uptown Innovation Corridor in
Avondale. The company is expected
to move into its fourth-floor space this fall, joining Kroger,
Cincinnati Bell, P&G and Cincinnati Financial as charter
partners. 1819 is the connecting place for industry to rapidly
access the talent and resources at UC.
Every semester, Worldpay plans to employ students to work on
fintech applications and other projects in its 1819 space. The
collaboration will not only train students for future careers, but
it will help Worldpay advance the way the world pays for goods and
services.
Worldpay processes more than 40 billion transactions
annually—more than any other acquirer in the world1. The
company focuses on enabling payment methods, protecting against
fraud and delivering data-driven insights for businesses. The
company also partners with UC and other schools in its TechBright
program, which is designed to increase the number of
students—especially women and underrepresented minorities—who are
pursuing degrees related to the fast-growing technology sector.
"If you consider how consumers pay for things and how that is
constantly evolving, it means companies like Worldpay need to be
heavily focused on innovation and embrace change or fall behind,"
said Worldpay President and Chief Operating Officer Mark Heimbouch. "That is why the relationship
between UC and companies like Worldpay, Kroger and P&G are so
important. It allows us, together, to be ahead of the
curve—creating tech and not just consuming it."
According to Korn Ferry Institute's "Future of Work: The Global
Talent Crunch," the global business talent shortfall may hit 85.2
million people by 2030 and result in $8.5
trillion in unrealized annual revenue. The financial and
business services industries are expected to be the hardest hit
with the primary reasons being fierce competition for qualified
workers and disruptive technology.
UC Chief Innovation Officer David J.
Adams sees opportunity in those numbers and is looking
forward to Worldpay taking up residence in 1819.
"The struggle for talent is real among startups, mid-size
organizations and billion-dollar companies like Worldpay. UC can
help, as we do strategically every day, quickly connecting our
partners to students, research and ongoing educational resources,"
he said. "Talent has choices, and the more UC can demonstrate that
our region is a place where innovative companies thrive, the more
likely we are to see that talent choose Cincinnati as a place to stay."
Worldpay has provided scholarships to UC students in the School
of Information Technology and College of Engineering and Applied
Sciences, and regularly sponsors the university's hackathon, RevUC,
as well as the School of Information Technology's Early
College Program, the College of Engineering and Applied Sciences
Senior Design Showcase and School of IT's TechExpo. Additionally,
since 2016, more than a third of Worldpay technology interns from
UC have become full-time employees.
The company's positive working relationship with UC helped pave
the way for further discussion about a partnership at the 1819
Innovation Hub. Already familiar with UC's more than 55 IT programs
in eight different colleges, Worldpay is interested in making
strategic connections at the university to help address talent
needs.
UC President Neville G. Pinto
said, "It's exciting to see our expanding partnerships at the 1819
Innovation Hub. We are grateful that an industry-leading technology
company with the reach of Worldpay is deepening its relationship
with the University of Cincinnati to
access and develop the talent it needs for the future."
About Worldpay
Worldpay, Inc. (NYSE: WP) is a leading
payments provider with unique capability to power global integrated
omni-commerce, any payment, anywhere. With industry-leading scale
ad an unmatched integrated technology platform, Worldpay offers
customers a comprehensive suite of products and services globally,
delivered through a single provider. Worldpay processes over 40
billion transactions annually, supporting more than 300 payment
types across 146 countries and 126 currencies. The company is
focused on expanding into high-growth markets and customer segments
including global eCommerce, integrated payments and B2B. Visit us
at www.worldpay.com.
About UC's 1819 Innovation Hub
The 1819 Innovation
Hub is home to innovation, connecting the resources organizations
need to succeed. As the anchor to Cincinnati's developing innovation district,
it provides a place for organizations from start-up to Fortune 500
to interact with each other and with university talent to
collaborate, accelerate, and solve today's complex problems. Visit
www.uc1819.com.
1 The Nilson Report, Issue #1149, March 2019
CONTACTS:
For Worldpay:
Adam Kiefaber, Leader of Corporate
Communications, Worldpay, Adam.Kiefaber@Worldpay.com l (513)
900-5097
For University of
Cincinnati:
Matt
Koesters, PIO, Media Relations + Content, University of Cincinnati, Matthew.Koesters@uc.edu l
(513) 556-5279
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SOURCE Worldpay, Inc.
