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IndustryUpdate

to-card platform, the company noted. Vantiv plans to utilize the Visa Direct card-present payments, and open-
card-based platform to deliver funds in real time to customers' debit cards as ing new markets for our technology
an enhancement to its authorization and funding processes. platform," said David Riddiford,
President at Apriva.
ACQUISITIONS FIME taps Grosclaude

for leadership
Reliant Funding, Merchants Capital merge
FIME appointed Lionel Grosclaude
San Diego-based Reliant Funding and New York-based Merchants Capital as its new CEO. Grosclaude will
Access have joined under the Reliant Funding name. Both companies offer be tasked with driving the compa-
working capital for small and midsize businesses nationwide and are focused ny's expansion strategy to increase
on making the funding experience fast and simple. "We can now do every- FIME's geographical presence glob-
thing from start to finish in house, providing them [customers] access to an ally and develop new services in
ongoing funding relationship with one call," said Adam Stettner, founder and emerging sectors. Grosclaude has
CEO of Reliant Funding. over 20 years of experience in the
telecom, information technology
APPOINTMENTS and banking sectors, working in
executive roles across Europe and
the United States.
Dowty appointed at Apriva
Intel VP Rao joins Square
Apriva confirmed the addition of Scott Dowty as Chief Revenue Officer.
Dowty will lead Apriva's sales and marketing efforts to expand core verti- Square Inc. appointed Naveen
cal penetration and architect emerging market strategy. "We look forward Rao, Corporate Vice President and
to Scott extending Apriva's market leadership in self-service and attended General Manager of the Artificial
Intelligence Products Group at Intel
Corp., to its Board of Directors.
Let Be Your EMV Expert! "Machine learning and deep learn-
ing are crucial to our continued
innovation and growth," said Jack
Your EMV Eco-System Made Affordable! Dorsey, CEO of Square. "Naveen's
eProcessing Network has the secure, payment solutions to help you stay current with the expertise will be hugely helpful to
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serve our customers."

Well's Fargo's Ryan
welcomed by ETA board

is EMV-Certified The ETA confirmed that Elizabeth
(Liz) Ryan, Executive Vice President
and Wholesale Merchant Services
Segment Executive at Wells Fargo
& Co., joined the ETA Board of
Directors. A 30-year veteran in the
financial services industry, Ryan
leads the Wholesale Merchant
Services Segment at Wells Fargo,
which includes 200-plus team mem-
bers serving a diverse group of
customers that generate more than
$320 billion in card volume pro-
cessed annually.

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