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IndustryUpdate

USAT, Jackson Brothers expand agreement ment processing for court fines and costs; cash bail;
traffic, speeding and parking violations; and real estate
USA Technologies Inc. expanded its agreement with and property tax payments, Securus said, adding that
Jackson Brothers of the South, a vending, catering and GovPayNet's services are provided to over 2,300 agen-
food service company. Through the agreement, USAT cies in 35 states, covering more than 26 percent of all
is upgrading 750 additional machines to USAT's cash- U.S. counties.
less technology platform and telemetry services. Jackson
Brothers ‒ which provides a full line of vending ser- Thoma Bravo ABC Financial purchase final
vices, micro markets, box lunches, office coffee and cafe
services across southwest and central Missouri, eastern Private equity investment firm Thoma Bravo LLC com-
Oklahoma, and southeast Kansas ‒ will now be able to pleted the acquisition of ABC Financial Services Inc., a
accept cash, credit and debit cards, as well as contactless software and payment processing company servicing
payments, including mobile wallet payments, on all of health clubs throughout North America. Through this
its 1,000 machines. acquisition, ABC Financial is expected to grow its service
offerings by scaling its operations and further develop-
ACQUISITIONS ing its suite of innovative software products. Thoma
Bravo said it will work alongside ABC Financial's man-
agement team to expand the company's global footprint
Clearent aquires SPOT, launches software arm and ability to deliver additional cutting-edge products to
the health and wellness industry. Financial details of the
Clearent LLC completed the purchase of SPOT Business transaction were not disclosed.
Systems LLC, an independent software vendor serving
the dry-cleaning industry. SPOT will become part of a
newly created subsidiary, Clearent Software Holdings. APPOINTMENTS
SPOT's day-to-day operations remain unchanged, and
all current SPOT employees will retain their positions Avello joins Signature Card Services
after the sale, Clearent stated. Dan Geraty, CEO and
founder of Clearent, said, "As a market leader servicing Signature Card Services appointed Sam Avello as its
the dry-cleaning industry with an excellent history of President. Avello is an accomplished payments industry
customer service and retention, SPOT will help us real- veteran who brings extensive leadership experience to
ize our vision: to be the most highly recommended pay- his new role, the company stated. Avello previously
ments solution provider in the industry." worked for First Tennessee Bank, The Royal Bank of
Scotland and several other ISOs. In the past 15 years, he
Prineta gains another Texas ATM portfolio has built, redesigned, and reengineered numerous direct
and indirect sales organizations domestically and each
Prineta LLC recently expanded its ATM territory in time exceeded goals and expectations, SCS noted.
Texas by purchasing a portfolio of ATMs in Corpus
Christi and Coastal South Texas, the third such acquisi- CO-OP welcomes Michaels
tion for the company in 2017. Its service area in Texas
has widened from San Antonio, Houston, and Dallas, to CO-OP Financial Services tapped Dean Michaels as Head
the entire southern coast of Texas, Prineta noted. "Cash is of Corporate Development and Strategic Partnerships.
not dead – and neither is the ATM machine," said Tanner "Dean brings extensive corporate development back-
Morton, Managing Partner at Prineta. "Surprisingly, we ground and expertise in the arena of payments technol-
have seen average ATM transaction volume actually ogy and networks," said Todd Clark, President and CEO
increase the last two quarters compared to the same of CO-OP. Prior to CO-OP, Michaels held leadership
quarters in years prior." roles at First Data Corp. and JP Morgan Chase.

Securus acquires GovPayNet Optimized Payments Consulting taps Dembek
Securus Technologies Inc., a provider of technology- Joseph Dembek joined Optimized Payments Consulting
enabled solutions for public safety, law enforcement and as Vice President of National Accounts. Dembek has
investigations, corrections, and government payment extensive experience in interchange management,
services, acquired GovPayNet, expanding its payment chargebacks, cost management strategies and credit card
servicing business. GovPayNet provides consumer pay- processing, including over 10 years serving in execu-
tive roles for Elavon Inc., OPC said. Anand Goel, OPC
CEO, stated, "Joseph is one of a limited set of individu-
We are dedicated to the als in the United States who has a deep understanding
education and success of the of interchange optimization, chargeback reduction and
payment analytics. He has helped some of the largest
ISO and MLS. airlines, hotels and ecommerce merchants reduce their
card acceptance costs."

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