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IndustryUpdate

Jack Henry settles on Ensenta APPOINTMENTS

Jack Henry & Associates Inc., a provider of technology solutions and pay-
ment processing services primarily for the financial services industry, entered SPS appoints Cohen, Winfield
into a definitive agreement for the acquisition of California-based Ensenta
Corp., a provider of real-time, cloud-based solutions for mobile and online Sage Payment Solutions, a pro-
payments and deposits. Founded in 2001, Ensenta supports more than 1,100 vider of payment processing and
financial institutions and government agencies with patented technologies merchant acquiring solutions in
across ATM, mobile, online desktop, merchant and branch channels; upon North America, made strategic
closing the transaction, Jack Henry and Ensenta will collectively support additions to its executive leader-
approximately 2,300 financial institutions with consumer remote deposit ship team. Gregory "Greg" Cohen,
capture services, Jack Henry stated. with an impressive 22-year career
leading payments and commerce
WePay now a Chase company organizations, joined the company
as Chief Operating Officer. Darrell
WePay reported it is now officially a Chase company, after JPMorgan Chase Winfield, an industry technology
completed its acquisition. WePay will continue to provide integrated pay- leader who built payment platforms
ments to global software platforms like Freshbooks and Constant Contact, and IT-based solutions for organi-
and with the backing of the nation's largest financial institution as part of the zations globally, is the new Chief
Chase family, it will provide instant merchant onboarding and give software Information Officer.
developers and partners access to Chase's network of 4 million small business
clients, WePay stated. Fed picks Montgomery for pay-
ments security
WePay CEO Bill Clerico and his executive team will continue to lead the
company, working alongside Chase Merchant Services CEO Matt Kane and The Federal Reserve System
his leadership team. appointed Kenneth Montgomery
as its Payments Security Strategy
Leader. In this role, he will lead the
Federal Reserve's effort to reduce
fraud risk and advance the safe-
ty, security and resiliency of the
U.S. payment system. He will chair
the Secure Payments Task Force.
Montgomery, First Vice President
and Chief Operating Officer of the
Federal Reserve Bank of Boston,
has an "extensive background in
information technology" and a "col-
laborative leadership style" that will
be critical to addressing a variety
of important challenges ahead, Fed
representatives said.

Wade joins iPayment board
iPayment, Inc., a provider of pay-
ment and processing solutions
for small and midsize businesses
(SMBs), recently appointed William
(Bill) Wade, CEO and founder of
Company.com, to its board of direc-
tors. "Wade is a seasoned technol-
ogy executive with a deep back-
ground in payments, online com-
merce and financial services," iPay-
ment stated. "Over the course of his
27-year career, Wade has developed
and led rapidly growing business
environments that address emerg-
ing market opportunities with para-
digm-shifting business models."
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