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IndustryUpdate
Retention management daily deposits to their bank accounts, Stripe handles the
heavy lifting for busy tax offices," said John Collison, co-
For Merchant Acquiring: Leading Practices in Retention founder and President of Stripe.
Management, The Strawhecker Group surveyed a cross-
section of merchant service providers (MSPs) who collec- Vantiv mobilizes AT&T
tively represent $550 billion in bankcard sales and over 1
million merchants. The consultancy found 56 percent of A partnership between Vantiv Inc. and AT&T resulted in
MSP respondents have increased investment in practices the joint release of two new products, the Vantiv Mobile
to curtail merchant attrition, which has reportedly risen Accept from AT&T mobile app and card reader, and the
to 20 to 25 percent of existing portfolios. Vantiv Mobile Checkout from AT&T, a tablet and cloud-
based payment solution with optional cash drawer,
PARTNERSHIPS receipt printer, tablet stand and encrypted card reader,
the companies reported.
EVO and ReD conquer fraud ACQUISITIONS
EVO Payments International entered a global partner-
ship agreement with ReD to deliver an integrated inter- Bottomline acquires Rationalwave
national payment fraud solution that leverages ReD's
fraud expertise at all points in the payments value chain Bottomline Technologies, a provider of cloud-based
in combination with EVO's e-commerce services for payment, invoice and banking services, reported that
global merchants, the companies stated. it purchased Rationalwave Analytics, which will add
predictive analytics to Bottomline's global platform. The
$8 million transaction included $1.2 million in cash and
First Data powers 1800Accountant approximately 206,000 shares of Bottomline common
stock.
First Data Corp. teamed with 1800Accountant to launch
the 1800AccountantPayments automated business man- Monitise purchases Pozitron
agement system. "This partnership creates an SMB
business-management system that integrates all forms of London-based mobile payment provider Monitise PLC
payment transactions directly into the bookkeeping soft- acquired Pozitron Yazilim A.S., a privately owned mobile
ware," said James Wilhelm, Vice President of Strategic technology company based in Istanbul, Turkey.
Partner Development at First Data. "It also provides
direct and seamless connectivity from the merchant to "It comes at a time when we are seeing increasing
their 1800Accountant CPA." demand for interoperable Mobile Money services as
payments become more digital by the day, not only in
FIS aids Homeland Security Turkey, Europe and the Middle East but also around
the world," said Alastair Lukies, Monitise Group Chief
Banking and payment technology provider FIS reached Executive.
an agreement with the U.S. Department of Homeland
Security that identifies FIS as an official DHS cyberse- Open Mobile gains M for Mobile
curity research partner. Under the agreement, FIS will
collaborate with DHS and the U.S. federal government Open Mobile Media, organizer of The Open Mobile
to address and respond to cyber threats against the Summit events and an FC Business Intelligence subsid-
global financial industry and critical infrastructures, FIS iary, acquired M for Mobile, a mobile-commerce focused
reported. event and content producer. "The acquisition of M for
Mobile aligns with our goal to cultivate up-and-coming
Infinite Peripherals connects Voltage verticals in the mobile space," said Precksha Saksena-
Sood, OMM General Manager.
Mobile POS device maker Infinite Peripherals Inc., in
partnership with Voltage Security Inc., integrated the
Voltage SecureData Payments system with its IPC Linea APPOINTMENTS
Pro 5 and Infinea Tab M series devices, providing clients
enhanced protection against malware threats, the com- TSYS adds Isaac, McDaniel to board
panies said.
Total System Services Inc. (TSYS) elected two new
Refundo signs Stripe members to its board of directors: William M. Isaac,
Senior Managing Director and Global Head of Financial
Refundo, a financial services platform for tax profes- Institutions for FTI Consulting and former Chairman
sionals, teamed with Stripe to provide card payment of the Federal Deposit Insurance Corp.; and Connie D.
acceptance through Refundo's online platform. "From McDaniel, former senior executive at The Coca-Cola Co.
security and compliance to transaction tracking and and Ernst & Young.
26
Retention management daily deposits to their bank accounts, Stripe handles the
heavy lifting for busy tax offices," said John Collison, co-
For Merchant Acquiring: Leading Practices in Retention founder and President of Stripe.
Management, The Strawhecker Group surveyed a cross-
section of merchant service providers (MSPs) who collec- Vantiv mobilizes AT&T
tively represent $550 billion in bankcard sales and over 1
million merchants. The consultancy found 56 percent of A partnership between Vantiv Inc. and AT&T resulted in
MSP respondents have increased investment in practices the joint release of two new products, the Vantiv Mobile
to curtail merchant attrition, which has reportedly risen Accept from AT&T mobile app and card reader, and the
to 20 to 25 percent of existing portfolios. Vantiv Mobile Checkout from AT&T, a tablet and cloud-
based payment solution with optional cash drawer,
PARTNERSHIPS receipt printer, tablet stand and encrypted card reader,
the companies reported.
EVO and ReD conquer fraud ACQUISITIONS
EVO Payments International entered a global partner-
ship agreement with ReD to deliver an integrated inter- Bottomline acquires Rationalwave
national payment fraud solution that leverages ReD's
fraud expertise at all points in the payments value chain Bottomline Technologies, a provider of cloud-based
in combination with EVO's e-commerce services for payment, invoice and banking services, reported that
global merchants, the companies stated. it purchased Rationalwave Analytics, which will add
predictive analytics to Bottomline's global platform. The
$8 million transaction included $1.2 million in cash and
First Data powers 1800Accountant approximately 206,000 shares of Bottomline common
stock.
First Data Corp. teamed with 1800Accountant to launch
the 1800AccountantPayments automated business man- Monitise purchases Pozitron
agement system. "This partnership creates an SMB
business-management system that integrates all forms of London-based mobile payment provider Monitise PLC
payment transactions directly into the bookkeeping soft- acquired Pozitron Yazilim A.S., a privately owned mobile
ware," said James Wilhelm, Vice President of Strategic technology company based in Istanbul, Turkey.
Partner Development at First Data. "It also provides
direct and seamless connectivity from the merchant to "It comes at a time when we are seeing increasing
their 1800Accountant CPA." demand for interoperable Mobile Money services as
payments become more digital by the day, not only in
FIS aids Homeland Security Turkey, Europe and the Middle East but also around
the world," said Alastair Lukies, Monitise Group Chief
Banking and payment technology provider FIS reached Executive.
an agreement with the U.S. Department of Homeland
Security that identifies FIS as an official DHS cyberse- Open Mobile gains M for Mobile
curity research partner. Under the agreement, FIS will
collaborate with DHS and the U.S. federal government Open Mobile Media, organizer of The Open Mobile
to address and respond to cyber threats against the Summit events and an FC Business Intelligence subsid-
global financial industry and critical infrastructures, FIS iary, acquired M for Mobile, a mobile-commerce focused
reported. event and content producer. "The acquisition of M for
Mobile aligns with our goal to cultivate up-and-coming
Infinite Peripherals connects Voltage verticals in the mobile space," said Precksha Saksena-
Sood, OMM General Manager.
Mobile POS device maker Infinite Peripherals Inc., in
partnership with Voltage Security Inc., integrated the
Voltage SecureData Payments system with its IPC Linea APPOINTMENTS
Pro 5 and Infinea Tab M series devices, providing clients
enhanced protection against malware threats, the com- TSYS adds Isaac, McDaniel to board
panies said.
Total System Services Inc. (TSYS) elected two new
Refundo signs Stripe members to its board of directors: William M. Isaac,
Senior Managing Director and Global Head of Financial
Refundo, a financial services platform for tax profes- Institutions for FTI Consulting and former Chairman
sionals, teamed with Stripe to provide card payment of the Federal Deposit Insurance Corp.; and Connie D.
acceptance through Refundo's online platform. "From McDaniel, former senior executive at The Coca-Cola Co.
security and compliance to transaction tracking and and Ernst & Young.
26
