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IndustryUpdate
Merchant e-Solutions named ShopKeep said its customers can now tap into secure,
Magento Select Partner robust omnichannel capabilities to extend their brand
beyond the physical storefront, bolstering customer
Magento named Merchant e-Solutions Inc. a Select access and loyalty to drive sales growth. The new part-
Technology Partner. This enhanced relationship will nership further extends ShopKeep's mission to equip
allow deeper integration of Merchant e-Solutions' mul- independent business owners with the tools they need to
tichannel payment offerings with Magento's flexible be successful in a changing retail environment.
commerce platform. Merchant e-Solutions stated the col-
laboration will expand its array of solutions and enable Silicon Valley Bank teams with First Data
merchants to support business growth with payment
acceptance from any channel: in-person, online and on Silicon Valley Bank and First Data Corp. collaborated on
the go. Commerce.Innovated, an accelerator designed to help
commerce, payments and fintech startups grow. The
Samsung aligns with Visa four-month program provides participants with men-
torship from Silicon Valley Bank, First Data and their
Samsung Electronics Co. Ltd. formed a strategic part- respective networks, First Data stated.
nership with Visa to bring Samsung Pay to online mer-
chants. Samsung Pay users will be able to shop online ACQUISITIONS
where Visa Checkout is accepted. "Our partnership
benefits not only Samsung Pay users, but also hundreds
of thousands of online merchants who are looking for CO-OP purchases remaining TMG shares
effective ways to increase their checkout conversion
rates," said Injong Rhee, Chief Technology Officer of the CO-OP Financial Services reported it had finalized its
Mobile Communications Business at Samsung. plan to acquire The Members Group (TMG) and restruc-
tured its leadership team to deliver payment products
ShopKeep, BigCommerce join forces and engagement services addressing today's changing
marketplace. CO-OP had been the minority owner of
ShopKeep partnered with BigCommerce Pty. Ltd. to TMG and purchased all remaining shares from the Iowa
enable ShopKeep merchants to seamlessly integrate Credit Union League for $100 million. CO-OP affirmed
an ecommerce platform through their POS systems. it will now become a fully integrated, comprehensive
payment services company.
Mastercard agrees to purchase NuData
Mastercard state it entered into an agreement to acquire
NuData Security, a global technology company that
helps businesses prevent online and mobile fraud using
session and biometric indicators. Mastercard will build
on its commitment to drive greater protection in the
digital space, integrating NuData to its suite of fraud
management and security products. The acquisition will
also strengthen its efforts around device-level security
and authentication, Mastercard added.
Novus Capital Group,
Super G merged
Novus Capital Group LLC recently merged with Super
G Capital LLC. According to Super G, John Saefke, CEO
of Novus Capital, will lead the venture debt and tech-
nology lending practice as a division of Super G. "The
combination of Novus Capital's Venture Debt focus and
Super G Capital's 2nd lien lending will create unmatched
structural flexibility to technology and emerging growth
companies nationwide," Saefke said. "We can now offer
both traditional venture debt, with warrant coverage
style deals, as well as non-dilutive growth debt."
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