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IndustryUpdate
ACQUISITIONS APPOINTMENTS
Vantiv to acquire Mercury Budde replaces 2Checkout's Dailey
Vantiv Inc. entered an agreement to acquire Mercury Capping a months-long executive search headed by its
Payment Systems LLC for an aggregated sum of $1.65 former CEO Tom Dailey, 2Checkout appointed Shawn
billion, adding Mercury's network of more than 3,000 Budde its new CEO.
POS software developer and dealer partners to the
Vantiv platform. "Bringing the companies together will Budde's more than 25 years of industry experience
dramatically enhance our distribution and technology include executive roles at Citibank, Capital One and
capabilities to serve a number of large and growing ZestFinance, as well as data analytics experience at
industry verticals," said Charles Drucker, President and Sears Holdings Corp. Dailey, an active investor in
CEO of Vantiv. 2Checkout, will continues to serve on the company's
board of directors.
Veracity buys Vanco
Ezic gets Castle
Georgia-based Veracity Payment Solutions agreed to
purchase Minnesota-based Vanco Services LLC for an Tanya Castle joined private-label gateway provider Ezic
undisclosed amount. Under the agreement, Veracity Inc. as Director of Reseller Development. With over
and Vanco will be rebranded as Vanco Payment Systems. seven years of experience in client relationship manage-
Additionally, Vanco President and Chief Manager ment, Castle will provide sales support to Ezic resellers
Jeanne Spencer Rose will continue to manage the and implement all future system training, Ezic reported.
Minnesota business as a member of the new entity's
executive team. DDRS taps Oglesby
Double Diamond Group LLC launched Double Diamond
Payments Research and tapped industry veteran and
research professional Rick Oglesby to be its Senior
Research Analyst and Consultant.
Double Diamond said DDPR will fill an unmet need for
in-depth research that focuses on merchant acceptance
by focusing on conducting focused primary research
that will deliver qualitative information and actionable
data.
Olver joins BlueSnap
Global payment gateway, BlueSnap hired former
Braintree executive James Olver as its Director, Sales
and Business Development. Olver, who is based in
London, will focus on the company's European expan-
sion. BlueSnap reported he has already secured offices
at Rainmaking Loft, a startup hub in London dedicated
to ambitious high growth technology startups.
Tynan, Race new to BAMS C suite
Bank of America Merchant Services appointed Tim
Tynan as its CEO and Kevin Race as Chief Financial
Officer. Most recently, Tynan was Managing Director
and Executive Officer for Citibank Japan Ltd's
Transaction Services Division and served as Region
Head, as well. Race mostly recently served as President
and Chief Operating Officer of Mortgage Banking at
JPMorgan Chase & Co.
24
ACQUISITIONS APPOINTMENTS
Vantiv to acquire Mercury Budde replaces 2Checkout's Dailey
Vantiv Inc. entered an agreement to acquire Mercury Capping a months-long executive search headed by its
Payment Systems LLC for an aggregated sum of $1.65 former CEO Tom Dailey, 2Checkout appointed Shawn
billion, adding Mercury's network of more than 3,000 Budde its new CEO.
POS software developer and dealer partners to the
Vantiv platform. "Bringing the companies together will Budde's more than 25 years of industry experience
dramatically enhance our distribution and technology include executive roles at Citibank, Capital One and
capabilities to serve a number of large and growing ZestFinance, as well as data analytics experience at
industry verticals," said Charles Drucker, President and Sears Holdings Corp. Dailey, an active investor in
CEO of Vantiv. 2Checkout, will continues to serve on the company's
board of directors.
Veracity buys Vanco
Ezic gets Castle
Georgia-based Veracity Payment Solutions agreed to
purchase Minnesota-based Vanco Services LLC for an Tanya Castle joined private-label gateway provider Ezic
undisclosed amount. Under the agreement, Veracity Inc. as Director of Reseller Development. With over
and Vanco will be rebranded as Vanco Payment Systems. seven years of experience in client relationship manage-
Additionally, Vanco President and Chief Manager ment, Castle will provide sales support to Ezic resellers
Jeanne Spencer Rose will continue to manage the and implement all future system training, Ezic reported.
Minnesota business as a member of the new entity's
executive team. DDRS taps Oglesby
Double Diamond Group LLC launched Double Diamond
Payments Research and tapped industry veteran and
research professional Rick Oglesby to be its Senior
Research Analyst and Consultant.
Double Diamond said DDPR will fill an unmet need for
in-depth research that focuses on merchant acceptance
by focusing on conducting focused primary research
that will deliver qualitative information and actionable
data.
Olver joins BlueSnap
Global payment gateway, BlueSnap hired former
Braintree executive James Olver as its Director, Sales
and Business Development. Olver, who is based in
London, will focus on the company's European expan-
sion. BlueSnap reported he has already secured offices
at Rainmaking Loft, a startup hub in London dedicated
to ambitious high growth technology startups.
Tynan, Race new to BAMS C suite
Bank of America Merchant Services appointed Tim
Tynan as its CEO and Kevin Race as Chief Financial
Officer. Most recently, Tynan was Managing Director
and Executive Officer for Citibank Japan Ltd's
Transaction Services Division and served as Region
Head, as well. Race mostly recently served as President
and Chief Operating Officer of Mortgage Banking at
JPMorgan Chase & Co.
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