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IndustryUpdate
ACQUISITIONS Methal has enabled companies to realize their strategic
vision by creating world-class finance organizations.
iPayment to acquire Leaders Merchant Services Ripple appoints Lawsky, Will
iPayment Inc., a payment processor that caters to small Ripple appointed Benjamin Lawsky, former New York
and midsize businesses (SMBs), closed refinancing on Superintendent of Financial Services, to its Board of
existing term loans and incremental borrowing, the Directors, as well as Ron Will as Chief Financial Officer.
proceeds of which will be applied to partially fund Will and Lawsky will play central roles in Ripple's mis-
acquisition of Leaders Merchant Services LLC, an ISO sion to achieve frictionless cross-border payments, the
specializing in credit and debit card processing and POS company stated. Lawsky joins Ripple's board with more
solutions for SMBs. In addition to portfolio expansion, than 20 years' experience in various branches of govern-
business synergies resulting from the acquisition will ment at federal and state levels. Will's appointment fol-
yield incremental value, iPayment stated. lows nearly three decades of service as a senior financial
executive and investment banker.
APPOINTMENTS Stewart joins Signature Card Services
ClickPay taps Methal Signature Card Services added Jordan Stewart to its
executive team to strengthen its sales and agent support
ClickPay named Rachael Methal as Chief Financial efforts. Stewart is an accomplished payments industry
Officer. Methal brings 20 years technology finance professional who brings extensive agent support experi-
and strategic development experience to ClickPay in ence to back Signature's next phase of growth, the ISO
such positions as Divisional CFO for Geller & Co. (for stated. "Adding Jordan to our team will further advance
Bloomberg LP); Vice President of Technology Finance for our positioning in the industry, will allow us to provide
MetLife; and, most recently, Vice President of Finance improved support offerings to a larger market and to
for VTS Inc. ClickPay noted that throughout her career, continue our strong growth momentum," said Cliff
Teston, President and CEO of SCS.
support But the kind where
no one’s crying.
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