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IndustryUpdate

First Data, Live Oak create startup integrated payment processing technology, while BluePay
will add significant distribution and human capital scale
First Data Corp. and Live Oak Bancshares Inc. launched to its financial institution sales channel. "This merger is an
the digital banking joint venture that was announced exciting step and will allow us to expand our value prop-
earlier this year. The new company, Apiture, draws from osition to bank partners and merchants," stated William
both companies' digital banking platforms, products Alias, III, CEO of Security Card Services.
and services to deliver innovative technology solutions
tailored for financial institutions. "Apiture will play a TowerBrook gains Rewards Network
big role in shaping the future of our industry," said Chip
Mahan, Chairman and CEO of Live Oak Bancshares. TowerBrook Capital Partners LP revealed it acquired
Rewards Network, a provider of marketing, loyalty, din-
Glance teams with Netcoins on bitcoin ing rewards and financing programs to the restaurant
industry. While the transaction is complete, financial
Glance Technologies Inc. entered into an alliance with terms were not disclosed. TowerBrook said its invest-
Netcoins Inc. designed to give people better access to ment in Rewards Network is the result of a thesis-driven
buying and spending bitcoin. According to the compa- sourcing effort focused on identifying differentiated
nies, Netcoins provides an easy way for people to buy bit- tech-enabled service providers in the rewards and loyalty
coins, and Glance will allow users to spend their bitcoins sector.
quickly and easily via Glance Pay. "We are committed to
being at the forefront of payments, security and mobile
technologies," said Glance CEO Desmond Griffin. APPOINTMENTS

Mastercard, WeWork collaborate Bishopp tapped by Amaryllis
Mastercard and WeWork reported they are creating a dig- Amaryllis hired Mark A. Bishopp as its new CEO. A
itally connected environment at WeWork in San Francisco payments industry veteran, Bishopp will be respon-
by deploying Internet of Things technologies. Mastercard sible for leading Amaryllis' go-to-market strategy and
is adding a metered payment capability for WeWork "hot global expansion plans. He joins Amaryllis from Bank of
desks" so people are charged only for the time they actu- America Merchant Services where he was a Senior Vice
ally use the desks, and a frictionless retail experience at President. In that role, he was responsible for all aspects
WeWork's Honesty Market that enables people to make of global ecommerce performance and worked with a
purchases without having to pull out a physical or digital team of third-party experts responsible for driving rev-
wallet. enue growth.
Snapsheet, KeyBank team up Flowers, Huynh join OneView

Snapsheet, a provider of virtual claims technology for OneView Commerce welcomed two key members to its
the personal and commercial insurance marketplace, executive team to further strengthen its leadership in
partnered with KeyBank on the launch of Snapsheet cloud-based product delivery. Nicholas Flowers joined
Transactions, which the companies describe as a future- the company as Vice President of Product Delivery; Lewis
proof payment solution for insurance claims. This part- Huynh accepted the role of Vice President of DevOps and
nership demonstrates a shared commitment to simplify- Cloud Infrastructure. These appointments are expected to
ing claims, while offering optimal customer experience bolster the company's principal focus on agile develop-
and a seamless payments solution, the partners stated. ment and continuous delivery to better serve the demand
for innovation in retail.
Square invests in Eventbrite
Vanpraet assumes
Square Inc. formed a strategic partnership with Eventbrite
to drive the Eventbrite payment systems, including role with PaySec
online, mobile, and in-person transactions. Additionally, Asian payments specialist PaySec welcomed Koen
to support Eventbrite's vision, Square invested $25 mil- Vanpraet as its new CEO. A results-driven leader, Vanpraet
lion in the company. "Eventbrite's global network of event is tasked with building PaySec beyond its Asian borders,
creators have the same entrepreneurial spirit and drive bringing its robust payment technology to new interna-
as the millions of sellers who run their businesses on tional markets. Formerly Chief Commercial Officer at
Square," said Alyssa Henry, Seller Lead at Square. Credorax, and previously at GlobalCollect, Vanpraet
transformed and grew both organizations across bor-
ACQUISITIONS ders, leading and building multicultural, cross-functional
teams, PaySec stated.
BluePay purchases SCS
BluePay acquired Security Card Services. SCS bank part-
ners and merchants will now have access to BluePay's
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