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IndustryUpdate

Net Element CEO Oleg Firer said the new division will Recurly, Adyen tackle subscriptions
add transparency and compliance assurance for inves-
tors and enhance its value-added services for the more Recurly Inc. and Adyen joined forces to fuel interna-
than 20 million electronic commerce clients who are part tional expansion for subscription businesses, integrating
of the Net Element network. Adyen's global commerce platform with Recurly's enter-
prise-grade subscription management platform. "Global
Payments outlook for 2018 subscription businesses require a payment processing
partner equipped to handle the unique requirements
According to Mercator Advisory Group's 2018 Payments of cross-border commerce," said Dan Burkhart, CEO of
and Banking Outlooks, after an abrupt decline in U.S. Recurly. "The Recurly and Adyen partnership provides a
debit card transaction volume in early 2017, push pay- distinctive set of capabilities for subscription businesses
ments have reversed this trend and will likely continue to rapidly expand their offerings outside the continental
to do so. Brian Riley, Director of Credit Advisory Service U.S. market."
at Mercator, believes 2018 will be a year for U.S. credit
card issuers to tighten up lending and build on existing Visa, Perch partner for SMBs
customer relationships as U.S. credit card account vol-
umes and revolving debt return to peak levels. Visa Inc. and Perch Security are working to deliver Visa
Threat Intelligence (VTI) to a broad base of merchants.
PARTNERSHIPS VTI is an enterprise security offering designed for busi-
nesses that accept, store and process payment data. "It
provides high-quality, low-false-positive and breach-
Banco, Sabadell, EVO form alliance validated Indicators of Compromise (IoC), along with
expertly curated threat analysis, to help security opera-
Banco Sabadell (Sabadell) and EVO Payments tions detect and protect against attacks targeting pay-
International finalized a seven-year strategic partner- ment data," the partners stated. Under the agreement,
ship in which EVO will provide its products and ser- Perch will provide VTI subscribers with tools needed to
vices to Sabadell's merchant customers. EVO's payment consume intelligence data automatically.
solutions will be marketed through Sabadell's retail
branch network in Mexico and by corporate banking
representatives. The partnership is expected to enhance ACQUISITIONS
Sabadell's merchant offerings and strengthen its position
as a financial solutions provider. Fintrax completes Planet Payment purchase
Divido, Digital River team up Galway, Ireland-based Fintrax Group Holdings Ltd.
completed the acquisition of Long Beach, N.Y.-based
Retail finance platform Divido and Digital River Inc., Planet Payment Inc., fulfilling a tender offer by Fintrax
a global provider of commerce-as-a-service solutions, affiliate, Fintrax US Acquisition Subsidiary Inc., for all
formed a partnership that will enable Digital River outstanding shares of Planet Payment common stock at
ecommerce clients to offer instant, interest-free finance a price of $4.50 per share and Series A Preferred Stock
to online customers. "Consumers are increasingly look- at $13.725 per share. As a result of the merger, Planet
ing for flexibility and control in how they pay online, Payment will become a wholly owned subsidiary of
particularly for high-ticket items," said Eric Christensen, Fintrax and its common stock will cease to be traded on
Vice President of Product, Payments, Fraud and Financial The NASDAQ Stock Market.
Services at Digital River.
TSYS' Cayan acquisition
Merchant Centric, Heartland join forces largest of 2017

Merchant Centric inked an agreement to offer customer
intelligence and reputation management to Heartland The $1.05 billion all-cash sale of Cayan LLC to Total
Commerce's 135,000 restaurant customers. The com- System Services Inc., expected to close in Q1 2018,
bined offering will enable local businesses to understand marked the largest U.S. merchant acquiring acquisition
social media's impact on sales, the companies said. "By of 2017, according to Financial Technology Partners
combining their sales transaction data and social feed- LP, who served as sole strategic and financial advisor
back, Heartland clients are a step ahead of their competi- to Cayan in the transaction. "FT Partners met Cayan
tion in taking control of their businesses' success," said in 2011, initially advising on its growth recap with
Christopher Sebes, President of Heartland. Parthenon Capital in 2012 and has continued advising
Cayan through its significant rebranding efforts and on
a number of interim strategic acquisitions," said Steve
McLaughlin, Managing Partner at FT Partners.

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