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IndustryUpdate
single-use, 16-digit virtual credit card which can be used Eaton-Cardone appointed
to make secure supplier payments with good funds.
"Comdata's technology is a natural fit for making virtual
credit card payments available to customers seeking to
further improve operational efficiency and cost savings,"
said Pat McMonagle, Executive Vice President, Director
of Payment Operations at Viewpost.
ACQUISITIONS
AppTech cancels FlowPay merger
AppTech Corp. ceased discussions with FlowPay Corp.
Pursuant to terms, the Agreement and Plan of Merger
documents leading to the acquisition of FlowPay by
AppTech have been terminated. Subsequent explora-
tion of a new agreement and the Memorandum of
Understanding executed in that regard were also ter-
minated pursuant to terms. The parties have mutually
agreed to cease further communications at this time.
McKesson, Change Healthcare
receive DOJ approval
McKesson Technology Solutions and Change Healthcare
Holdings Inc. received notification by the Department
of Justice the proposed merger of the two companies
had satisfied conditions of the waiting period. Pending
customary closing conditions, the entities plan to form
a new company whereby McKesson will maintain 70
percent ownership.
Senjo Group acquires Kalixa
Senjo Group entered an agreement with GVC Holdings
PLC to acquire its payments processing business Kalixa
Group, a provider of global payment services that
enables consumers, small businesses and merchants to
make and accept payments. Kalixa currently processes
transactions for more than 800 merchants and supports
100 of the world's most popular payment methods.
In addition to acquiring and gateway capabilities, the
Kalixa wallet, issuing technologies and operations will
also be part of the acquired assets.
APPOINTMENTS
TrustCommerce promotes Cervantes, Moorhead
TrustCommerce has promoted Jennifer Cervantes to
Vice President of Account Management and Andy
Moorhead to Vice President of Sales. Cervantes has
been with TrustCommerce for eight years as Director of
Account Management and Moorhead has been with the
company for three years as Director of Sales. Cervantes
will continue to lead the Account Management team
with a focus on ensuring excellence in account services
and Moorhead will be responsible for sales operations,
current clients and strategic growth.
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to global payments board
Monica Eaton-Cardone, co-founder and Chief
Information Officer at Global Risk Technologies, was
appointed to the advisory board of the Emerging
Payments Association for 2017. Eaton-Cardone has been
recognized as a thought-leader in payments and innova-
tion, and sought after by Money20/20 Europe and Forbes
magazine for her insights. According to Tony Craddock,
Director General of the EPA, "[Eaton-Cardone's] knowl-
edge and expertise in payments, chargebacks, legislation
and understanding merchant challenges will help drive
the growth of the emerging payments industry."
Garcia expands role with Pivotal Payments
Pivotal Payments Inc. promoted Edward Garcia to serve
as Chief Operating Officer, where he will be responsible
for all operations functions, including the contact center,
loyalty and retention, risk management and corporate
project management. Garcia joined Pivotal in 2015 as
Senior Vice-President, Operations, bringing more than
25 years experience managing payments operations and
technologies.
Hunter joins Springbot board
Springbot Inc. appointed Wayne Hunter, Managing
Partner at Harbert Growth Partners, to its board of direc-
tors. The appointment comes as a result of Springbot's
$10 million Series B financing round, also led by Harbert
Growth Partners, with participation from existing inves-
tors including TechOperators and TTV Capital. "A
significant and growing market such as ecommerce
combined with Springbot's unique platform represents a
highly attractive investment opportunity," said Hunter.
Jowers, Pettis, Knutson shift TSYS roles
William A. Pruett, TSYS Senior Executive Vice President
and President of TSYS' North America Services segment,
will retire effective April 1, 2017. TSYS will combine
its North America Services and International Services
segments into an Issuer Solutions segment to be led
by Gaylon Jowers effective April 1, 2017. In addition,
Allen Pettis will be named President, North America
Issuing, and Kelley Knutson will be named President,
International Issuing.
Wiskirchen appointed by IMF
Kount Inc. CEO, Brad Wiskirchen, was appointed to
the High-Level Advisory Group of the International
Monetary Fund's Interdepartmental Working Group
on Finance and Technology. Wiskirchen will be work-
ing with financial technology colleagues to inform and
guide the IMF's research on the economic and regula-
tory implications of changes brought by advancements
in fintech.