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IndustryUpdate
Smart card annual review mobile payment platform provider GoPago. The meld-
ing will reportedly deliver an integrated POS and mobile
The Smart Card Alliance 2013 Annual e-Yearbook: A vision commerce platform for brick-and-mortar, online and
for the Future, Reflections of the Past is available online. mobile merchant channels. Terms of the sale were not
The 75-page volume summarizes the SCA's leadership disclosed.
and education activities over the past year, with perspec-
tives on what lies ahead. Included are articles on mobile eBay completes Braintree acquisition
and NFC fundamentals, the EuroPay/MasterCard/Visa
(EMV) ecosystem, the meaningful use of electronic EBay Inc. completed the acquisition of global payment
health records, and the national strategy for trusted platform Braintree for approximately $800 million in
identities in cyberspace, among others. cash. Braintree will operate as a separate service within
PayPal, which plans to integrate with Braintree to benefit
PARTNERSHIPS customers of Braintree's Venmo mobile app by leverag-
ing social network engagement as part of the transaction
process.
Global Payout, CCS Prepay enter joint venture
Intrix buys Merchant Processing
Global Payout Inc. and Prepay UK Ltd. entered a
joint venture agreement that will pool their combined ISO and payment processor Intrix Technology Inc.
U.S. and international prepaid debit card products acquired Southfield, Mich.-based Merchant Processing
and resources, which include international Visa- and USA, a payment processor specializing in merchant
MasterCard-branded EMV prepaid card products and a services for small and midsize businesses. This marked
globally deployable general purpose reloadable card for the fifth acquisition for Intrix in 2013, which has focused
the retail sector. on strategic growth through the acquisition of targeted
portfolios in specific vertical markets, Intrix said.
HealthcarePays teams with OneMind
LifeLock buys Lemon
Payment network HealthCarePays entered an agree-
ment with cloud-based dental office solutions provider Identify theft protection services provider LifeLock Inc.
OneMind Health to deliver electronic remittance advice acquired mobile wallet developer Lemon for approxi-
and electronic funds transfer reconciliations to dental mately $42.6 million in cash. Subsequently LifeLock
offices on behalf of dental insurance carriers. HCP offers launched a new app that uses Lemon technology to
health-care payment authorization and processing ser- protect consumers' digital identity. "The acquisition of
vices compliant with the Affordable Care Act, and state Lemon dramatically expands our mobile capabilities,
and federal laws related to health care, HCP said. enabling us to launch a robust consumer wallet app in
the marketplace on day one," said LifeLock CEO Todd
Interactive Donor aligns with First Pay Davis.
Interactive Donor Corp., branded as iDonor, aligned VendTek sells Canadian business
with First Pay Solutions to launch a responsive web and
mobile application (widget) dedicated to micro donation VendTek Systems Inc., a developer and licensor of soft-
transactions. "Interactive Donor Corp. has raised the bar ware for the global prepaid and financial services mar-
on how mass participatory donations can be reached by kets, entered an agreement with Payment Source Inc.
creating rewards and leveraging their deep relationships to sell its Canadian business to PSI for $4.5 million and
within this space," said Vincent Ko, founder of First Pay. the assumption of up to $1.5 million in working capital
deficit.
Merchant Warehouse powers CGS
Proceeds from the sale will reportedly be used to further
Merchant Warehouse partnered with CGS to integrate VendTek's planned expansion into Brazil, while PSI will
its Authorize.Net Payment Gateway with CGS's business license and use VendTek's e-Fresh transaction software
technology solutions BlueCherry and Threadvine. The to manage its Canadian clients.
objective is to help streamline online transactions for
CGS's retail, apparel and financial service customers in
more than 20 nations, the companies stated. APPOINTMENTS
ACQUISITIONS Hubbard joins Clearent
Clearent LLC recently appointed Jason Hubbard as its
DoubleBeam acquires GoPago Vice President of Business Development, ISO Sales. He
will be focused on developing relationships with new
Retail mobile payment technology developer ISOs and agents throughout the United States. With more
DoubleBeam acquired cloud-based commerce and than 10 years in the payments realm, Hubbard has served
24
Smart card annual review mobile payment platform provider GoPago. The meld-
ing will reportedly deliver an integrated POS and mobile
The Smart Card Alliance 2013 Annual e-Yearbook: A vision commerce platform for brick-and-mortar, online and
for the Future, Reflections of the Past is available online. mobile merchant channels. Terms of the sale were not
The 75-page volume summarizes the SCA's leadership disclosed.
and education activities over the past year, with perspec-
tives on what lies ahead. Included are articles on mobile eBay completes Braintree acquisition
and NFC fundamentals, the EuroPay/MasterCard/Visa
(EMV) ecosystem, the meaningful use of electronic EBay Inc. completed the acquisition of global payment
health records, and the national strategy for trusted platform Braintree for approximately $800 million in
identities in cyberspace, among others. cash. Braintree will operate as a separate service within
PayPal, which plans to integrate with Braintree to benefit
PARTNERSHIPS customers of Braintree's Venmo mobile app by leverag-
ing social network engagement as part of the transaction
process.
Global Payout, CCS Prepay enter joint venture
Intrix buys Merchant Processing
Global Payout Inc. and Prepay UK Ltd. entered a
joint venture agreement that will pool their combined ISO and payment processor Intrix Technology Inc.
U.S. and international prepaid debit card products acquired Southfield, Mich.-based Merchant Processing
and resources, which include international Visa- and USA, a payment processor specializing in merchant
MasterCard-branded EMV prepaid card products and a services for small and midsize businesses. This marked
globally deployable general purpose reloadable card for the fifth acquisition for Intrix in 2013, which has focused
the retail sector. on strategic growth through the acquisition of targeted
portfolios in specific vertical markets, Intrix said.
HealthcarePays teams with OneMind
LifeLock buys Lemon
Payment network HealthCarePays entered an agree-
ment with cloud-based dental office solutions provider Identify theft protection services provider LifeLock Inc.
OneMind Health to deliver electronic remittance advice acquired mobile wallet developer Lemon for approxi-
and electronic funds transfer reconciliations to dental mately $42.6 million in cash. Subsequently LifeLock
offices on behalf of dental insurance carriers. HCP offers launched a new app that uses Lemon technology to
health-care payment authorization and processing ser- protect consumers' digital identity. "The acquisition of
vices compliant with the Affordable Care Act, and state Lemon dramatically expands our mobile capabilities,
and federal laws related to health care, HCP said. enabling us to launch a robust consumer wallet app in
the marketplace on day one," said LifeLock CEO Todd
Interactive Donor aligns with First Pay Davis.
Interactive Donor Corp., branded as iDonor, aligned VendTek sells Canadian business
with First Pay Solutions to launch a responsive web and
mobile application (widget) dedicated to micro donation VendTek Systems Inc., a developer and licensor of soft-
transactions. "Interactive Donor Corp. has raised the bar ware for the global prepaid and financial services mar-
on how mass participatory donations can be reached by kets, entered an agreement with Payment Source Inc.
creating rewards and leveraging their deep relationships to sell its Canadian business to PSI for $4.5 million and
within this space," said Vincent Ko, founder of First Pay. the assumption of up to $1.5 million in working capital
deficit.
Merchant Warehouse powers CGS
Proceeds from the sale will reportedly be used to further
Merchant Warehouse partnered with CGS to integrate VendTek's planned expansion into Brazil, while PSI will
its Authorize.Net Payment Gateway with CGS's business license and use VendTek's e-Fresh transaction software
technology solutions BlueCherry and Threadvine. The to manage its Canadian clients.
objective is to help streamline online transactions for
CGS's retail, apparel and financial service customers in
more than 20 nations, the companies stated. APPOINTMENTS
ACQUISITIONS Hubbard joins Clearent
Clearent LLC recently appointed Jason Hubbard as its
DoubleBeam acquires GoPago Vice President of Business Development, ISO Sales. He
will be focused on developing relationships with new
Retail mobile payment technology developer ISOs and agents throughout the United States. With more
DoubleBeam acquired cloud-based commerce and than 10 years in the payments realm, Hubbard has served
24
