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IndustryUpdate
provide the Ingo Money mobile check cashing service to PayPal set for Xoom purchase
Global Cash Card customers. Eligible Global Cash Card
cardholders now have a method for cashing checks they PayPal Inc. and Xoom Corp. entered a definitive agree-
receive from non-employer sources directly to their pay- ment under which PayPal will acquire Xoom for $25 per
card account to access consolidated funds to pay bills share in cash – an approximate $890 million enterprise
and make purchases, the companies reported. value. PayPal noted that the transaction represents a pre-
mium of 32 percent over Xoom's three-month volume-
TransFirst aligns with TRIARQ weighted average price and was unanimously approved
by the boards of both companies, as well as the board of
TransFirst and TRIARQ Health, a performance manage- eBay Inc., PayPal's parent company.
ment services and clinically integrated care coordination
provider for independent medical practices, formed a APPOINTMENTS
strategic alliance. TransFirst's payment processing prod-
uct will be integrated into TRIARQ's electronic medical
record system product, gloStream, to provide a wide Signature Card Services appoints two
array of integrated electronic payment processing ser-
vices for the medical community. Signature Card Services selected Arturo Andaluz as its
new Customer Service Supervisor and appointed Seth
Zapper creates iPad POS solution with Revel Yandrofski as its Assistant Vice President and General
Counsel. Yandrofski worked in the biotechnology indus-
Mobile payment company Zapper partnered with Revel try for a number of years before pursuing law. Andaluz
Systems to broaden its reach within the restaurant began his career in payments at Innovative Merchant
industry. Restaurants using Revel's POS system will Solutions, later joining Intuit and Total Merchant
now be able activate the Zapper payment option to Services.
give customers the ability to scan a quick response code
printed on a bill and pay from the companies' app with- Kerper joins CashStar
out waiting for a server. Zapper also captures customer
data to provide restaurants with loyalty and promotion CashStar Inc. appointed Matt Kerper as its Vice President
information. of Strategic Business Development. Kerper brings 20
years of prepaid and payments industry experience to
ACQUISITIONS CashStar, where he will lead efforts in establishing and
growing strategic partnerships. Most recently, Kerper
served as Director, Gift Cards for eBay, where he led
C&H Financial assumes Spindle portfolio business development for the eBay gift card in retail,
business-to-business and online channels, and third-
International financial services firm C&H Financial party gift card distribution on the eBay marketplace.
Services Inc. acquired the merchant portfolio of Spindle
Inc. and stated both companies will work to grow and ACI adds three to board
thrive together. "C&H's recent decision to purchase a
merchant portfolio from Spindle Inc. was in large part ACI Worldwide Inc. appointed Charles Peters Jr., Adalio
predicated upon Spindle Inc.'s outstanding reputation Sanchez and Thomas Warsop III to its board of direc-
and dedication to surpassing its customers' needs within tors. These executives replace three board members who
the marketplace," said Anthony Holder, C&H Financial recently retired and will work with recently elected ACI
co-founder and CEO. Board Chairman David Poe. Peters currently serves as
Executive Vice President and Chief Financial Officer at
e-Gov Systems purchases assets Red Hat Inc., Sanchez most recently served as Senior
of JPI Data Resources Vice President at Lenovo Group Ltd. and Warsop serves
as President and CEO at The Warranty Group Inc.
Cloud-based tax solutions provider e-Gov Systems
acquired the sales and use tax software assets from JPI Payscout promotes Sotelo
Data Resources. The objective of the acquisition is to
build upon e-Gov Systems' current tax portal offerings Payscout Inc. appointed Juan Sotelo, its former Vice
and provide a back-end collection system to its new and President of Business Development, to the position of
existing clients. The combined e-Gov Systems' Tax Portal Chief Operating Officer. Sotelo's promotion follows
and JPI Data Resources' Revenue Collection System will rapid growth at the company, which was honored in
create a tightly integrated end-to-end solution for local 2014 as one of Inc. magazine's fastest growing com-
government agencies, e-Gov Systems noted. panies. Since 2013, Sotelo has helped to carry out the
company's growth and internal process initiatives, and
as COO, will oversee sales, operations, support, strategy,
marketing, legal, HR, risk and underwriting, and public
relations, Payscout stated.
24
provide the Ingo Money mobile check cashing service to PayPal set for Xoom purchase
Global Cash Card customers. Eligible Global Cash Card
cardholders now have a method for cashing checks they PayPal Inc. and Xoom Corp. entered a definitive agree-
receive from non-employer sources directly to their pay- ment under which PayPal will acquire Xoom for $25 per
card account to access consolidated funds to pay bills share in cash – an approximate $890 million enterprise
and make purchases, the companies reported. value. PayPal noted that the transaction represents a pre-
mium of 32 percent over Xoom's three-month volume-
TransFirst aligns with TRIARQ weighted average price and was unanimously approved
by the boards of both companies, as well as the board of
TransFirst and TRIARQ Health, a performance manage- eBay Inc., PayPal's parent company.
ment services and clinically integrated care coordination
provider for independent medical practices, formed a APPOINTMENTS
strategic alliance. TransFirst's payment processing prod-
uct will be integrated into TRIARQ's electronic medical
record system product, gloStream, to provide a wide Signature Card Services appoints two
array of integrated electronic payment processing ser-
vices for the medical community. Signature Card Services selected Arturo Andaluz as its
new Customer Service Supervisor and appointed Seth
Zapper creates iPad POS solution with Revel Yandrofski as its Assistant Vice President and General
Counsel. Yandrofski worked in the biotechnology indus-
Mobile payment company Zapper partnered with Revel try for a number of years before pursuing law. Andaluz
Systems to broaden its reach within the restaurant began his career in payments at Innovative Merchant
industry. Restaurants using Revel's POS system will Solutions, later joining Intuit and Total Merchant
now be able activate the Zapper payment option to Services.
give customers the ability to scan a quick response code
printed on a bill and pay from the companies' app with- Kerper joins CashStar
out waiting for a server. Zapper also captures customer
data to provide restaurants with loyalty and promotion CashStar Inc. appointed Matt Kerper as its Vice President
information. of Strategic Business Development. Kerper brings 20
years of prepaid and payments industry experience to
ACQUISITIONS CashStar, where he will lead efforts in establishing and
growing strategic partnerships. Most recently, Kerper
served as Director, Gift Cards for eBay, where he led
C&H Financial assumes Spindle portfolio business development for the eBay gift card in retail,
business-to-business and online channels, and third-
International financial services firm C&H Financial party gift card distribution on the eBay marketplace.
Services Inc. acquired the merchant portfolio of Spindle
Inc. and stated both companies will work to grow and ACI adds three to board
thrive together. "C&H's recent decision to purchase a
merchant portfolio from Spindle Inc. was in large part ACI Worldwide Inc. appointed Charles Peters Jr., Adalio
predicated upon Spindle Inc.'s outstanding reputation Sanchez and Thomas Warsop III to its board of direc-
and dedication to surpassing its customers' needs within tors. These executives replace three board members who
the marketplace," said Anthony Holder, C&H Financial recently retired and will work with recently elected ACI
co-founder and CEO. Board Chairman David Poe. Peters currently serves as
Executive Vice President and Chief Financial Officer at
e-Gov Systems purchases assets Red Hat Inc., Sanchez most recently served as Senior
of JPI Data Resources Vice President at Lenovo Group Ltd. and Warsop serves
as President and CEO at The Warranty Group Inc.
Cloud-based tax solutions provider e-Gov Systems
acquired the sales and use tax software assets from JPI Payscout promotes Sotelo
Data Resources. The objective of the acquisition is to
build upon e-Gov Systems' current tax portal offerings Payscout Inc. appointed Juan Sotelo, its former Vice
and provide a back-end collection system to its new and President of Business Development, to the position of
existing clients. The combined e-Gov Systems' Tax Portal Chief Operating Officer. Sotelo's promotion follows
and JPI Data Resources' Revenue Collection System will rapid growth at the company, which was honored in
create a tightly integrated end-to-end solution for local 2014 as one of Inc. magazine's fastest growing com-
government agencies, e-Gov Systems noted. panies. Since 2013, Sotelo has helped to carry out the
company's growth and internal process initiatives, and
as COO, will oversee sales, operations, support, strategy,
marketing, legal, HR, risk and underwriting, and public
relations, Payscout stated.
24
