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IndustryUpdate
platform to extend automated lending to small busi- ACQUISITIONS
nesses and consumers, according to Kabbage.
MasterCard offers MasterPass through Pay.On First Data acquires Transaction Wireless
MasterCard and Pay.On AG joined forces to enhance the First Data Corp. expanded its prepaid gift card solu-
MasterPass digital wallet solution by making MasterPass tion with the acquisition of digital gift card company
immediately available to more than 110 payment service Transaction Wireless Inc. First Data stated it now pro-
providers via Pay.On's white label global payment gate- vides gift card clients, distributors, partners and resellers
way. The digital payment technology is now available a fully integrated, comprehensive physical and digital
to more than 56,000 web shops worldwide that route gift card program, in addition to its GyftTM offerings
payments through Pay.On's partners, the companies that enable consumers to buy, send, reload, manage and
reported. redeem digital gift cards using mobile devices.
Sequent, Arxan offer mobile payment security Newtek invests in Premier
Sequent Software Inc., a provider of mobile wallet plat- Newtek Business Services Corp. acquired Premier
form as-a-service solutions, partnered with application Payments LLC as a wholly owned portfolio compa-
protection company Arxan Technologies Inc. to deliver ny. The acquisition is anticipated to expand Premier
secure mobile payments for financial institutions and Payments' merchant processing presence with accre-
other organizations deploying mobile payment solu- tive to earnings beginning in the third quarter 2015.
tions. Sequent and Arxan are combining their joint secu- Barry Sloane, Chairman, President and Chief Executive
rity technologies in a new offering designed to protect Officer of Newtek, said, "We are thrilled to have Premier
Host Card Emulation-based payment service deploy- Payments as part of the Newtek Business Services Corp.
ments from threats. family of investments."
Snapcard forms two new partnerships Priority Payment welcomes ACCP
Snapcard Inc. partnered with Alpha Payments Cloud Priority Payment Systems acquired payment proces-
to power AlphaHub users to accept bitcoin payments sor American Credit Card Processing Corp. As part of
globally. Through an application programming inter- the transaction, Priority, which was recently named
face integration, online merchants have access to the by Nilson as the 20th largest merchant acquirer in
AlphaHub platform and can add bitcoin functionality as the United States, will add over 9,000 new merchant
an alternative payment method. Alpha will refer inter- accounts generating roughly $2.0 billion in annual
ested clients to Snapcard, and the companies will work charge volume on the Total System Services Inc. plat-
closely together in educating merchants about bitcoin. form, the companies reported.
In addition, the ifeelgoods digital gifting platform part- TIO Networks set to acquire Softgate
nered with Snapcard to include bitcoin in its rewards Cloud-based bill payment processor TIO Networks
catalog. Through the ifeelgoods platform, companies Corp. entered into an arm's length agreement to acquire
can now create, launch and monitor campaigns and Softgate Systems Inc., a provider of consumer retail
programs offering bitcoin-as-a-reward to end-users. bill payment solutions. The acquisition is expected to
The partnership enables these users to safely leverage close in 2015, subject to satisfying applicable regulatory
bitcoin as a global rewards incentive tool for marketing approvals and customary closing conditions. According
promotions, loyalty programs or employee recognition to TIO, the total value of the transaction is approximate-
programs, the companies stated. ly $31 million.
Square integrates with TSheets on time tracking
APPOINTMENTS
TSheets and Square teamed up to provide more time
tracking possibilities at the register for merchants. With
the new TSheets and Square integration, merchant Albert heads regulatory affairs at ETA
employees clock in and begin tracking their time using The Electronic Transactions Association hired sea-
either the Square iPad POS or a TSheets app that can be soned public affairs professional Mary Albert as its new
accessed through a smartphone, tablet, mobile site or Director of Regulatory Affairs. Albert joins the ETA
other mobile interface. Square will show the hours and at a time of immense growth for the association, with
transmit them to the TSheets app. more than 50 new technology companies joining in the
last year. ETA noted that it now advocates before state
regulators, federal courts, and more than a dozen federal
technology and financial industry regulatory agencies.
22
platform to extend automated lending to small busi- ACQUISITIONS
nesses and consumers, according to Kabbage.
MasterCard offers MasterPass through Pay.On First Data acquires Transaction Wireless
MasterCard and Pay.On AG joined forces to enhance the First Data Corp. expanded its prepaid gift card solu-
MasterPass digital wallet solution by making MasterPass tion with the acquisition of digital gift card company
immediately available to more than 110 payment service Transaction Wireless Inc. First Data stated it now pro-
providers via Pay.On's white label global payment gate- vides gift card clients, distributors, partners and resellers
way. The digital payment technology is now available a fully integrated, comprehensive physical and digital
to more than 56,000 web shops worldwide that route gift card program, in addition to its GyftTM offerings
payments through Pay.On's partners, the companies that enable consumers to buy, send, reload, manage and
reported. redeem digital gift cards using mobile devices.
Sequent, Arxan offer mobile payment security Newtek invests in Premier
Sequent Software Inc., a provider of mobile wallet plat- Newtek Business Services Corp. acquired Premier
form as-a-service solutions, partnered with application Payments LLC as a wholly owned portfolio compa-
protection company Arxan Technologies Inc. to deliver ny. The acquisition is anticipated to expand Premier
secure mobile payments for financial institutions and Payments' merchant processing presence with accre-
other organizations deploying mobile payment solu- tive to earnings beginning in the third quarter 2015.
tions. Sequent and Arxan are combining their joint secu- Barry Sloane, Chairman, President and Chief Executive
rity technologies in a new offering designed to protect Officer of Newtek, said, "We are thrilled to have Premier
Host Card Emulation-based payment service deploy- Payments as part of the Newtek Business Services Corp.
ments from threats. family of investments."
Snapcard forms two new partnerships Priority Payment welcomes ACCP
Snapcard Inc. partnered with Alpha Payments Cloud Priority Payment Systems acquired payment proces-
to power AlphaHub users to accept bitcoin payments sor American Credit Card Processing Corp. As part of
globally. Through an application programming inter- the transaction, Priority, which was recently named
face integration, online merchants have access to the by Nilson as the 20th largest merchant acquirer in
AlphaHub platform and can add bitcoin functionality as the United States, will add over 9,000 new merchant
an alternative payment method. Alpha will refer inter- accounts generating roughly $2.0 billion in annual
ested clients to Snapcard, and the companies will work charge volume on the Total System Services Inc. plat-
closely together in educating merchants about bitcoin. form, the companies reported.
In addition, the ifeelgoods digital gifting platform part- TIO Networks set to acquire Softgate
nered with Snapcard to include bitcoin in its rewards Cloud-based bill payment processor TIO Networks
catalog. Through the ifeelgoods platform, companies Corp. entered into an arm's length agreement to acquire
can now create, launch and monitor campaigns and Softgate Systems Inc., a provider of consumer retail
programs offering bitcoin-as-a-reward to end-users. bill payment solutions. The acquisition is expected to
The partnership enables these users to safely leverage close in 2015, subject to satisfying applicable regulatory
bitcoin as a global rewards incentive tool for marketing approvals and customary closing conditions. According
promotions, loyalty programs or employee recognition to TIO, the total value of the transaction is approximate-
programs, the companies stated. ly $31 million.
Square integrates with TSheets on time tracking
APPOINTMENTS
TSheets and Square teamed up to provide more time
tracking possibilities at the register for merchants. With
the new TSheets and Square integration, merchant Albert heads regulatory affairs at ETA
employees clock in and begin tracking their time using The Electronic Transactions Association hired sea-
either the Square iPad POS or a TSheets app that can be soned public affairs professional Mary Albert as its new
accessed through a smartphone, tablet, mobile site or Director of Regulatory Affairs. Albert joins the ETA
other mobile interface. Square will show the hours and at a time of immense growth for the association, with
transmit them to the TSheets app. more than 50 new technology companies joining in the
last year. ETA noted that it now advocates before state
regulators, federal courts, and more than a dozen federal
technology and financial industry regulatory agencies.
22
