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IndustryUpdate
world of connected devices ? from personal computers Bizfi taps Donovan
and mobile devices, to intelligent appliances and wear-
able accessories. The companies said they will work The Bizfi board appointed John Donovan as the com-
together to integrate data security solutions into Intel pany's CEO. Donovan is a 30-year veteran in the pay-
chip sets and help device manufacturers build more ments and alternative finance industry, serving both
secure payment functionality into their products. small businesses and consumers. During nearly two
decades of working with Mastercard, Donovan helped
ACQUISITIONS conceive and develop new products, launch a global
card program and grow the company's global electronic
East Commerce purchases BCRE payments offerings; his prior tenure with Lending Club
was also pivotal in the creation of the direct-to-consumer
East Commerce Solutions Inc. acquired Boston Cash fintech industry, Bizfi said.
Register Exchange, a cash register and POS systems
company. The acquisition continues East Commerce's Scharf steps out, Kelly steps in
expansion and establishes an office to support its grow-
ing customer base in the Boston area. "Our acquisition of Visa reported that Charlie Scharf is resigning as CEO
Boston Cash Register Exchange complements our efforts effective Dec. 1, 2016, and the board has voted to
to expand our product offerings with increased point appoint Alfred F. Kelly Jr. as his replacement. Kelly, a
of sale technology innovation" said Ed Medeiros, East current Visa board member, is the President and CEO
Commerce CEO. of Intersection Co. and the former President of AmEx.
Kelly joined Visa in October 2016 as CEO designate. As
Payroc gains iTransact part of the transition, Scharf will serve as an adviser to
Kelly for several months.
Payroc LLC acquired the assets of The iTransact Group
LLC. According to Payroc, the transaction is a notable Valentino signs with JetPay
expansion of its payments business, adding 300 trusted
adviser referral partners and 6,000 merchants with more JetPay named Gene M. Valentino as Chief Strategy
than $1.3 billion in annual processing volume. Payroc Officer for its payment processing operations. Before
additionally noted that it acquired mobile POS technol- this appointment, Valentino was founder and CEO of
ogy, a proprietary ecommerce gateway and a propri- JetPay's most recent acquisition, CollectorSolutions Inc.
etary integrated payment facilitator platform to enhance "Gene is an experienced payments leader and entrepre-
delivery of customized vertical market payment solu- neur," said Diane (Vogt) Faro, JetPay CEO. "His ability to
tions for micro, small and midsize merchants. recognize trends and deliver transformative solutions in
niche markets will be of great benefit to his new role."
APPOINTMENTS
Let us
ACI appoints Aretakis
help you
ACI Worldwide named Eve Aretakis as its Executive increase your
Vice President of Application Development. With more bottom line
than 20 years of senior leadership experience, Aretakis today!
has held executive roles at leading companies such as
Siemens and Unisphere Networks, ACI noted. "I am Customized advertising
thrilled to become a part of the talented OneACI team,
to advance our Universal Payments application develop- company and budget.
ment, and ultimately help our great customers accelerate
growth," Aretakis said. *Print ( various sizes)
*Online
Cramp joins Motionsoft *Video
Motionsoft Inc. appointed veteran technology execu-
tive John Cramp as its CEO. Cramp has over 25 years
of leadership experience in Fortune 500, startup and
growth companies with expertise in electronic pay-
ments, finance and information technology, Motionsoft
stated. Companies where Cramp has held senior execu-
tive positions include Solveras, Telkonet, CardSystems
Solutions Inc. and Seneca.
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