Latest news with #UmarFarooq
Hindustan Times
06-08-2025
- Hindustan Times
NIA seizes house used in bomb-making for Pulwama attack
A two-storey house in Hajibal, Kakapora used by Jaish-e-Mohammad (JeM) terrorists to store explosives and assemble two bombs used in the February 14, 2019 terror attack in Pulwama, in which 40 Central Reserve Police Force (CRPF) personnel were killed, is being seized by the National Investigation Agency (NIA) under the Unlawful Activities Prevention Act (UAPA), people familiar with the development said. In this file picture from February 14, 2019, security personnel are seen carrying out the rescue and relief works at the site of suicide bomb attack at Lathepora, Awantipora in Pulwama district of south Kashmir.(PTI FILE) The house, according to one of the people cited above, an NIA officer who did not want to be named, belongs to Shakir Bashir Magray, a local JeM operative who played a crucial role in Pulwama attack: providing his residence; checking the convoy's route; helping assemble and fit the bombs in a van; even driving the car to some distance before handing it over to the suicide bomber, Adil Ahmad Dar, on the national highway on the day of attack. Magray was arrested by NIA on February 28, 2020 -- he was the first one to be arrested in the case -- and was charged along with 18 others including JeM chief Maulana Masood Azhar, his brothers Abdul Rauf Asghar and Ammar Alvi, Azhar's nephew Mohammad Umar Farooq , who masterminded and executed the attack was killed in an encounter a month later. 'The two-storey house at Hajibal, Kakapora, which is registered in the name of Magray's grandfather, was used by Umar Farooq, his deputy for the Pulwama attack Sameer Ahmed Dar, suicide bomber Adil Ahmad Dar and Magray for storing over 200 kg of explosives, detonators, and then two bombs were assembled and fitted in a Maruti Eeco van there. Since it was used in terrorism, we are in the process of seizing it under section 25 (3) of UAPA,' said a second NIA officer, who didn't want to be named. A Honda Activa scooter, 'which was used by Shakir Magray for several days before the attack for reconnaissance of convoy route, deployment of forces in the area on the directions of Umar Farooq, is also being seized under the anti-terror law', this person added. The NIA probe in the Pulwama attack has revealed that Shakir Magray, Umar Farooq, another Pakistani IED expert Kamran Ali (killed with Farooq in the encounter), and Sameer Ahmad Dar prepared the car-borne IED at Magray's house on the intervening night of February 5 and 6 with two jerry cans having explosives weighing 160 kg and 40 kg respectively, comprising gelatin sticks, calcium-ammonium nitrate, ammonium powder and RDX. Magray was the one who modified the car for the bomb and changed its number plates, according to the first officer. He was the first person to be arrested, based on his photo recovered from Umar Farooq's phone, and he revealed the entire Pulwama conspiracy to the NIA sleuths. He disclosed that an attack on a convoy on the Jammu-Srinagar highway was first discussed in June 2018 and its actual preparation began in October that year when, upon receiving directions from Pakistan, the JeM leadership started collecting material. Throughout January 2019, Magray (now aged around 29 years), monitored the convoys passing through the national highway from his small sawmill located on Lethpora bridge, just 200m away from the blast site. Magray informed the NIA, according to the second officer, that the attack on the CRPF convoy was actually supposed to take place in the first week of February. 'However, due to weather conditions, the convoy movement suddenly stopped forcing JeM to wait till the next convoy passed from the Jammu-Srinagar highway.' The first convoy to pass that month was on February 14, the day of the attack. Magray saw the road opening party that was being deployed to assist the convoy and the terrorists then decided to carry out the attack, the officer said, adding that 'Magray drove the car till 500-600 meters before handing it over to Adil Dar' After the attack, Magray never left Pulwama and routinely went to his furniture shop. NIA recovered hundreds of video clips, voice notes and WhatsApp messages from Farooq's phone in which JeM terrorists are seen celebrating, training and practicing before they are launched into India or discussing plans, transfer of funds, etc. In a conversation with Pakistan based JeM leadership, found on the phone, Farooq even praised Shakir Magray saying he did ' what Afzal Guru did for the outfit in the Parliament attack in 2001,' said the second officer. Magray is currently lodged in a prison in J&K.
Business Wire
06-08-2025
- Business
- Business Wire
Deluxe Acquires CheckMatch from Kinexys by J.P. Morgan to Extend Digital Lockbox Payments Capability
MINNEAPOLIS--(BUSINESS WIRE)--Deluxe (NYSE: DLX), a trusted Payments and Data company, today announced it has completed the acquisition of CheckMatch from Kinexys by J.P. Morgan, the firm's industry-leading blockchain business unit. Consistent with the company's strategy, this acquisition will expand the Deluxe Payment Network (DPN) solution. CheckMatch is a service that digitizes the delivery of paper checks, enabling faster electronic conveyance, which was developed by Kinexys by J.P. Morgan. The DPN solution digitally connects physical lockboxes across the Deluxe network, which helps to more efficiently process payments made to thousands of businesses across the U.S. By adding CheckMatch to the platform, Deluxe further extends the company's Payments scale, enabling potential revenue and cost synergies. 'In alignment with our strategy to expand in Payments and Data, this acquisition marks a continued investment across our B2B payments portfolio,' said Barry McCarthy, President and CEO of Deluxe. 'By bringing together the strengths of CheckMatch and DPN, we are building the largest purpose-built digital lockbox network in the market—delivering value through scale, security, and simplicity in competition with traditional offerings.' Deluxe has already more than doubled the number of lockboxes accessible through DPN in the first half of 2025. Once integration of CheckMatch is completed—the combined platform is expected to include five of the top 10 U.S.-based lockbox providers and multiple leading disbursement partners, including financial institutions, AP automation platforms, and a major medical payments provider. "We are thrilled to see CheckMatch become an integral part of a larger vision that embodies our shared commitment of bringing next-gen innovation to the world of finance and delivering exceptional value for our clients," said Umar Farooq, Global Co-Head of J.P. Morgan Payments. "We are confident that Deluxe is well-positioned to elevate CheckMatch to the next level and will ensure a seamless transition." Check payments remain a critical component of the B2B payments ecosystem, particularly for large enterprises, financial institutions, and disbursement partners. This expanded inter-lockbox network delivers meaningful cost savings by eliminating postage, envelopes, labor, handling, and physical check costs for payors—including major bill pay platforms and financial institutions. For payees, the process remains virtually unchanged. Payments follow the same well-established lockbox protocols, but are now delivered digitally—streamlining operations without disrupting treasury workflows. By digitizing the delivery of check payments, the network simplifies reconciliation, improves reliability, and helps treasurers manage payments with greater speed and confidence. As the network scales, participants will benefit from increased efficiency and growing value through shared infrastructure and reach. A division of J.P. Morgan Payments, Kinexys by J.P. Morgan has exceeded $2 trillion in notional value1 to date, processing on average $3 billion daily in transaction volume2. Payment transactions on the platform have grown by 10x year-over-year3, with clients now spanning five continents. The business is transforming how information, money and assets move around the world, helping clients harness the speed and efficiency enabled by blockchain technology. About Deluxe Deluxe, a Trusted Payments and Data Company, champions business so communities thrive. Our solutions help businesses pay, get paid, and grow. For more than 100 years, Deluxe customers have relied on our solutions and platforms at all stages of their lifecycle, from start-up to maturity. Our powerful scale supports millions of small businesses, thousands of vital financial institutions and hundreds of the world's largest consumer brands, while processing more than $2 trillion in annual payment volume. Our reach, scale and distribution channels position Deluxe to be our customers' most trusted business partner. To learn how we can help your business, visit us at 1. JPMC proprietary data 2024 2. JPMC proprietary data 2024 3. Based on Jan.-Aug. 2023 vs. 2024 YoY transaction volume attributed to growth driven by Kinexys Digital Payments.
Finextra
01-08-2025
- Business
- Finextra
JP Morgan Payments and Oracle team on supply chain finance
JP Morgan Payments SCF (Supply Chain Finance ) is now integrated into Oracle Cloud ERP, enabling FedEx to accelerate working capital access and liquidity management. This Oracle ERP integration gives vendors early payment options and streamlines setup. 0 This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This milestone underscores J.P. Morgan Payments' commitment to delivering cutting-edge financial solutions to its clients. 'We are thrilled to team up with FedEx to enhance working capital and boost liquidity management,' said Umar Farooq, Global Co-Head at J.P. Morgan Payments. 'By integrating our payment solutions with strong ERP relationships, we are demonstrating our commitment to collaboration and innovation, helping clients optimize financial performance and drive business growth.' FedEx, J.P. Morgan Payments and Oracle worked together to create a new feature that incorporates J.P. Morgan Payments SCF functionality directly within Oracle Cloud ERP via Oracle B2B, enabling FedEx to configure natively in the system instead of having to implement a custom solution, reducing a typical six-month development project to a simple activation and setup process. When FedEx approves an invoice, the vendor can choose to wait for payment on extended terms or receive early payment through J.P. Morgan Payments at financing rates based on FedEx's superior credit rating. This solution provides working capital flexibility to FedEx while also providing vendors with early payment options. 'Collaborating with J.P. Morgan Payments and Oracle to build a solution has been transformative for our working capital management,' said Trampas Gunter, CVP Corporate Development and Treasurer at FedEx. 'Leveraging J.P. Morgan Payments' SCF and liquidity solutions in a way that is tailored to our business has strengthened our financial position and enhanced our operational resilience, ultimately benefiting our customers and shareholders.' The J.P. Morgan Payments SCF functionality is delivered to FedEx and other clients through J.P. Morgan Payments' Integrated Trade Finance for Oracle Fusion ERP, which was announced at Oracle Cloudworld 2024 along with other enhancements and integrations. Additionally, FedEx implemented an award-winning liquidity management strategy leveraging Liquidity & Account Solutions (L&AS) from J.P. Morgan Payments and Kinexys by J.P. Morgan's innovative blockchain solutions. FedEx is leveraging Kinexys Digital Payments for the first time to enhance liquidity management across notional pools in Europe and Asia Pacific. J.P. Morgan Payments and Oracle have a longstanding relationship focused on integrating J.P. Morgan Payments' treasury and trade solutions within the market-leading Oracle Cloud ERP platform. Since 2022, the collaboration has provided dozens of mutual corporate clients with enhanced user experience, automated processes, and end-to-end connectivity. J.P. Morgan Payments' suite of integrations for Oracle Cloud ERP also includes: Integrated Banking for turnkey connectivity, fast bank onboarding, real-time banking data access, and streamlined payments. Touchless Expenses for AI-driven expense submission and quicker reimbursements with real-time expense creation. Integrated Virtual Card to optimize business-to-business invoice payments and delivers straight-through processing (STP) that eliminates manual card terminal entry for suppliers. Rondy Ng, Executive Vice President of Applications Development at Oracle, adds, 'The colllaboration between Oracle and J.P. Morgan Payments is transforming how our joint customers unlock new banking and working capital solutions through turnkey activation and embedded AI services within Oracle Cloud ERP. With our joint multi-year continuous innovations in Oracle B2B with J.P. Morgan Payments, we empower businesses to achieve near touchless payment transactions, and agile and resilient financial operations for a dynamic economy.' Oracle is part of the J.P. Morgan Payments Partner Network, which brings together J.P. Morgan Payments' extensive suite of payment solutions and over 80 third-party relationships and integrations to help clients build, implement, expand and optimize payments strategies based on their business needs. For more information about Oracle's integrations with J.P. Morgan Payments, please visit this page. J.P. Morgan Payments combines treasury services, trade & working capital, and card and merchant services capabilities to help clients pay customers or employees in different currencies around the world. It processes more than $10 trillion payments daily, operating in over 160 countries and over 120 currencies. Since inception, over $1.5 trillion in transaction volume has been processed on the Kinexys by J.P. Morgan platform1, which processes an average of over $2 billion in daily transactions2, with payments transactions on the Kinexys platform growing by 10x year-over-year3. Some of the largest repo transactions on any blockchain globally have been executed through the Kinexys platform, which now serves clients across five continents. Through J.P. Morgan Payments SCF, FedEx gains working capital agility and vendor support—powered by seamless ERP integration and financial automation.
Globe and Mail
31-07-2025
- Business
- Globe and Mail
J.P. Morgan Payments Launches Cutting-Edge Supply Chain Finance Solution with Oracle
J.P. Morgan Payments is unveiling its Supply Chain Finance (SCF) solution integrated with Oracle Fusion Cloud Enterprise Resource Planning (ERP) to optimize working capital — a solution that is being used by FedEx. This milestone underscores J.P. Morgan Payments' commitment to delivering cutting-edge financial solutions to its clients. "We are thrilled to team up with FedEx to enhance working capital and boost liquidity management,' said Umar Farooq, Global Co-Head at J.P. Morgan Payments. "By integrating our payment solutions with strong ERP relationships, we are demonstrating our commitment to collaboration and innovation, helping clients optimize financial performance and drive business growth.' FedEx, J.P. Morgan Payments and Oracle worked together to create a new feature that incorporates J.P. Morgan Payments SCF functionality directly within Oracle Cloud ERP via Oracle B2B, enabling FedEx to configure natively in the system instead of having to implement a custom solution, reducing a typical six-month development project to a simple activation and setup process. When FedEx approves an invoice, the vendor can choose to wait for payment on extended terms or receive early payment through J.P. Morgan Payments at financing rates based on FedEx's superior credit rating. This solution provides working capital flexibility to FedEx while also providing vendors with early payment options. "Collaborating with J.P. Morgan Payments and Oracle to build a solution has been transformative for our working capital management,' said Trampas Gunter, CVP Corporate Development and Treasurer at FedEx. 'Leveraging J.P. Morgan Payments' SCF and liquidity solutions in a way that is tailored to our business has strengthened our financial position and enhanced our operational resilience, ultimately benefiting our customers and shareholders." The J.P. Morgan Payments SCF functionality is delivered to FedEx and other clients through J.P. Morgan Payments' Integrated Trade Finance for Oracle Fusion ERP, which was announced at Oracle Cloudworld 2024 along with other enhancements and integrations. Additionally, FedEx implemented an award-winning liquidity management strategy leveraging Liquidity & Account Solutions (L&AS) from J.P. Morgan Payments and Kinexys by J.P. Morgan 's innovative blockchain solutions. FedEx is leveraging Kinexys Digital Payments for the first time to enhance liquidity management across notional pools in Europe and Asia Pacific. J.P. Morgan Payments and Oracle have a longstanding relationship focused on integrating J.P. Morgan Payments' treasury and trade solutions within the market-leading Oracle Cloud ERP platform. Since 2022, the collaboration has provided dozens of mutual corporate clients with enhanced user experience, automated processes, and end-to-end connectivity. J.P. Morgan Payments' suite of integrations for Oracle Cloud ERP also includes: Integrated Banking for turnkey connectivity, fast bank onboarding, real-time banking data access, and streamlined payments. Touchless Expenses for AI-driven expense submission and quicker reimbursements with real-time expense creation. Integrated Virtual Card to optimize business-to-business invoice payments and delivers straight-through processing (STP) that eliminates manual card terminal entry for suppliers. Rondy Ng, Executive Vice President of Applications Development at Oracle, adds, 'The colllaboration between Oracle and J.P. Morgan Payments is transforming how our joint customers unlock new banking and working capital solutions through turnkey activation and embedded AI services within Oracle Cloud ERP. With our joint multi-year continuous innovations in Oracle B2B with J.P. Morgan Payments, we empower businesses to achieve near touchless payment transactions, and agile and resilient financial operations for a dynamic economy." Oracle is part of the J.P. Morgan Payments Partner Network, which brings together J.P. Morgan Payments' extensive suite of payment solutions and over 80 third-party relationships and integrations to help clients build, implement, expand and optimize payments strategies based on their business needs. For more information about Oracle's integrations with J.P. Morgan Payments, please visit this page. J.P. Morgan Payments combines treasury services, trade & working capital, and card and merchant services capabilities to help clients pay customers or employees in different currencies around the world. It processes more than $10 trillion payments daily, operating in over 160 countries and over 120 currencies. Since inception, over $1.5 trillion in transaction volume has been processed on the Kinexys by J.P. Morgan platform 1, which processes an average of over $2 billion in daily transactions 2, with payments transactions on the Kinexys platform growing by 10x year-over-year 3. Some of the largest repo transactions on any blockchain globally have been executed through the Kinexys platform, which now serves clients across five continents. About J.P. Morgan's Commercial & Investment Bank J.P. Morgan's Commercial & Investment Bank is a global leader in banking, payments, markets and securities services. Start-ups, companies, governments and institutions entrust us with their business in more than 100 countries worldwide. With $38 trillion of assets under custody and $1.09 trillion in deposits, the Commercial & Investment Bank provides strategic advice, raises capital, manages risk, offers payment solutions, safeguards assets and extends liquidity in global markets. Further information about J.P. Morgan is available at About Oracle Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at Trademarks Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing. 1 JPMC proprietary data 2024 2 JPMC proprietary data 2024 3 Based on Jan-Aug 2023 vs 2024 YoY transactions volume attributed to growth driven by Kinexys Digital Payments.
The Hindu
12-07-2025
- Politics
- The Hindu
Friday prayers barred at Jama Masjid in Srinagar ahead of ‘Martyrs Day': Mirwaiz
The authorities on Friday (July 11, 2025) disallowed congregational prayers at historic Jama Masjid in Srinagar, two days ahead of 'Martyrs' Day' in J&K. A spokesman of the Jama Masjid said Kashmir's chief cleric Umar Farooq was disallowed by the authorities to go to the mosque and was put under house arrest, 'fearing the mention of the martyrs of 13th July 1931 in his Friday sermon'. 'The sacrifice of these martyrs, and all the martyrs since, is etched in the collective memory of Kashmir and cannot be undone by restrictions and bans. No living nation can forget the supreme sacrifice of life of its martyrs against tyranny and injustice,' the spokesman said. He appealed to the authorities to remove the restrictions and allow people to peacefully pay homage to the martyrs of 13th July. 'If allowed as per tradition, the Mirwaiz will visit the martyrs' graveyard after Zuhr prayers and pay homage to the revered martyrs,' the spokesman added. Several J&K's regional parties are preparing to pay tributes at the graveyard in Srinagar on Sunday (July 13). Many parties, including ruling National Conference (NC) and J&K Apni Party, have written to the district magistrate, Srinagar, for permission to visit the graveyard on July 13. The Central government dropped July 13 from the official holiday list and ended the practice of official ceremony at the graveyard in Srinagar's Naqshband shrine in 2019, months after the special status was brought to an end. However, the NC, which came to power in J&K last year, is advocating inclusion of July 13 in the list of official holidays and re-start the practice of an official ceremony at the graveyard. 'It's deeply unfortunate and unacceptable that the Mirwaiz has once again been detained at home and prevented from fulfilling his religious duties. Silencing a religious leader, especially a day before 13th July, dishonours not just his voice but the legacy of our martyrs,' NC leader and MLA Tanvir Sadiq said. He said July 13, 1931, was a turning point in Kashmir's history, and a brave stand against tyranny and injustice. 'No bans or restrictions can erase the memory of that sacrifice. Kashmir will always honour its martyrs with dignity, peace, and truth. The NC will restore July 13 as a holiday,' Mr. Sadiq said. Meanwhile, BJP spokesman Altaf Thakur said those who died in 1931 were 'goons and rioters'. 'It was a loot day for Kashmiri Pandits,' he added. July 13, 1931, was observed as 'Martyrs Day' in J&K to commemorate the killing of 22 civilians, who were shot dead in a rebellion against the Dogra monarchy.
