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IndustryUpdate

PSCU teams with Ethoca Card acceptance at ChargePoint charging ports through-
out the United States. "Working with ChargePoint is an
PSCU partnered with Ethoca Ltd. in an effort to reduce excellent example of our commitment as a bank to pro-
CNP fraud losses. With Ethoca Alerts, cases of con- moting a sustainable environment while supporting eco-
firmed fraud reported by PSCU Owner credit unions are nomic growth," said John Hardin, Global Transportation
sent to Ethoca for immediate distribution to more than General Manager at U.S. Bank.
5,200 leading ecommerce merchants worldwide, cover-
ing more than 205,000 merchant descriptors. Merchants
can then immediately stop fraudulent orders and issue ACQUISITIONS
cardholder refunds as needed, the partners stated.
Evertec approved to acquire PayGroup
ThreatMetrix partners with Gemalto
Evertec Inc. received approval for the acquisition of EFT
ThreatMetrix entered a partnership with Gemalto to Group S.A., a Chilean-based company known commer-
provide clients the combined benefits of authentication cially as PayGroup, a payment processor and software
and digital identity solutions offered by both companies developer primarily serving financial institutions in
in multiple geographies. "The integration of risk-based Latin America. The transaction is subject to custom-
and strong authentication provides smart authentica- ary closing conditions and is expected to close during
tion that's secure, real-time and has minimal disruption the third quarter of this year. Evertec plans to fund the
for the customer experience," said Pascal Podvin, Senior purchase through a combination of cash on hand and
Vice President of Field Operations for ThreatMetrix, borrowed funds.
adding that through the partnership compliance with
regulators can be achieved worldwide. Flywire purchases PACE Invoice

U.S. Bank teams with ChargePoint Flywire Corp. acquired PACE Invoice, a multi-currency
invoicing platform provider based in London. With
U.S. Bank teamed with ChargePoint Inc., the electric the acquisition, Flywire adds international invoicing
vehicle charging network, to offer Voyager Network Fleet to its cross-border payments and receivables services,