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IndustryUpdate
Henry said payment transactions have grown consis- SourceHOV finalizes TransCentra purchase
tently since it began offering P2P payments in 2005, and
this partnership is intended to accelerate that growth, SourceHOV LLC completed its acquisition of
and support same-day funds transfer in most cases. TransCentra Inc. According to SourceHOV, the acquisi-
tion expands its global transaction processing solutions
PayLease teams up with PayPal footprint and its mobile banking offering, while enabling
TransCentra to leverage SourceHOV's global presence to
PayLease formed a strategic partnership with PayPal Inc. capture further revenue streams. The acquisition comes
initiated to give renters and homeowners more options less than two years after the merger of SourceHOV with
when paying property managers online. Homeowner BancTec Inc.
associations and property management companies that
use PayLease will now be able to accept PayPal transac- APPOINTMENTS
tions when collecting rent and dues, PayLease stated.
PayNearMe hires Campbell
Sterling Payment collaborates with Focus POS
PayNearMe Inc. appointed Kristina Campbell as its Chief
Sterling Payment Technologies partnered with Focus Financial Officer. Before joining PayNearMe, Campbell
POS Systems to offer a semi-integrated EMV solution served as the General Manager of GoBank, a mobile and
to businesses in the hospitality industry. The solution online checking account provider created by Green Dot
utilizes Datacap NETePay and Ingenico smart terminals, Corp. Campbell brings to PayNearMe 20 years of experi-
and includes a tip processing feature and the ability to ence in business strategy and operations through leader-
accept payments from mobile wallets utilizing built in ship positions at Bain & Co., Avery Dennison Corp. and
NFC technologies, the partners noted. Citigroup Inc.'s investment banking operation, Salomon
Smith Barney.
UATP partners with dLocal, Planet Payment
ACI's Thomalla joins CEPS ECRI
UATP partnered with dLocal to offer local currency pay-
ment options to UATP's airline merchants. The partner- ACI Worldwide appointed Paul Thomalla, ACI
ship will focus on emerging markets to fulfill the grow- Worldwide's Senior Vice President, Global Corporate
ing need for payment options. UATP also welcomed Relations, to the executive committee of the European
Planet Payment Inc. to its network, giving merchants Credit Research Institute of the Centre for European
access to a wider portfolio of alternative forms of pay- Policy Studies. The CEPS ECRI is a leading think tank
ment. According to UATP, working with Planet Payment and EU debate forum. "I look forward to working with
will help merchants capture more sales by offering the my fellow board members as we shape the strategic
optimal payment set-up for every market. direction of European payments," Thomalla said.
ACQUISITIONS Mercator adds Walent to team
Accuvia assumes assets of Level 10 Mercator appointed Joseph (Joe) Walent as Associate
Director of a new research offering from its Customer
Accuvia Software Group LLC acquired the software Interaction Advisory Service created to focus on the
assets from Level 10 LLC. The assets include a retail POS use of traditional and next-generation financial service
software suite, including a Microsoft Windows-based delivery channels. Walent will leverage his experience in
POS solution and an iOS-based mobile POS platform. the financial sector and information technology services
Accuvia reported that as part of the transaction, ASG to bring fresh insight about innovations underway in the
will retain the existing development team in the United payments sector, Mercator said.
States and the offshore development team based in
Eastern Europe. Williams signs with CardConnect
Cardtronics bids for DCPayments CardConnect welcomed Jason Williams as its Senior Vice
President, Business Development. In this role, Williams
Cardtronics plc and DirectCash Payments Inc. entered will build and manage CardConnect's partner channel,
an agreement under which Cardtronics will acquire with special focus on ISOs and banks. "We've placed
DCPayments. Cardtronics said the purchase price a heavy emphasis on developing scalable technology
includes the assets of First Data's Australian retail and processes that will ensure our partners' success in a
ATM and managed services ATM portfolio, which was competitive and vastly changing industry," said Angelo
acquired by DCPayments on Sept. 30, 2016. The com- Grecco, Executive Vice President, Business Development
bination is expected to leverage Cardtronics' existing at CardConnect.
infrastructure and relationships and drive substantial
operating synergies, the company said.
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