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IndustryUpdate

counterfeit card fraud for chip-enabled merchants has Spreedly, Worldpay team up
dropped 70 percent, and 91 percent of U.S. ATMs are
now EMV-capable. Spreedly, a cloud-based payment platform that allows
businesses to connect to multiple payment service pro-
PARTNERSHIPS viders, endpoints, and a secure credit card vault through
a single API, expanded ties with Worldpay to enable
mutual ecommerce customers to transact more eas-
Flywire, Billtrust work together ily across the globe. Spreedly will integrate Worldpay's
international payment processing API into its service,
Flywire, a provider of global payment and receivables which will give merchants access to over 300 payment
solutions, and business-to-business payment cycle man- methods in 146 countries via 126 currencies.
agement specialist Billtrust, partnered to streamline
receipt of international payments for Billtrust business Visa, PayPal extend ties in Canada
customers. Billtrust users will now have access to an
integrated solution that incorporates Flywire's interna- Visa and PayPal extended a strategic alliance to acceler-
tional payment processing and receivable capabilities ate adoption of secure digital and mobile payments for
with Billtrust's automated invoice delivery and payment consumers and merchants in Canada. The companies
services, the partners stated. currently collaborate in the United States, Asia Pacific
and Europe. "The partnership creates a seamless experi-
Mastercard, Microsoft collaborate ence for consumers who choose to pay with their Visa
card at places that accept PayPal," the partners stated.
Mastercard recently reaffirmed its commitment for more "Through collaboration between bank partners and
connected and inclusive cities, highlighting its collabo- PayPal, consumers will be able to add Visa cards into the
ration on Microsoft's CityNext program, which brings PayPal digital wallet easily from other banking apps."
together their "respective payment, data analytics and The partnership also enables PayPal to leverage Visa
cloud technologies to create a global exchange, allowing Direct to transfer funds in real time.
cities to use economic insights in more integrated and
efficient ways," Mastercard stated.
ACQUISITIONS
"Today's urban challenges are best solved through col-
laboration," said Miguel Gamiño Jr., Executive Vice Groupon grabs Cloud Savings
President for Global Cities at Mastercard. "From access
to basic services such as transport and affordable hous- Groupon acquired Cloud Savings Co. Ltd., parent com-
ing to engaging arts and culture – locals and tourists pany of Vouchercloud and Giftcloud, for $65 million.
expect that cities make good use of resources that "In Vouchercloud, we're acquiring one of the most
already exist and harness emerging technologies." innovative brands in the online discount codes space,
which we believe will accelerate our own efforts -- par-
SignaPay, St. Louis Merchant Services partner ticularly in international -- and broaden our marketplace
for consumers," said Groupon CEO Rich Williams. "In
St. Louis Merchant Services partnered with SignaPay Giftcloud, we see interesting long-term potential in cre-
Ltd. to offer the PayLo Cash Discount Program to SMBs ating attractive customer loyalty programs with some
in the St. Louis metropolitan area. PayLo's patented tech- of the biggest names in retail, as well as with great local
nology allows merchants in all 50 states to legally offset merchants."
credit card processing costs by applying a customer
service fee. "PayLo has been saving up to 90 percent of Ontario Systems acquires Justice Systems
credit card processing fees for a variety of industries
including restaurants, retail, and professional services," Muncie, Ind.-based Ontario Systems, an enterprise
the company noted. revenue management software provider, acquired
Albuquerque, N.M.-based Justice Systems Inc., a pro-
vider of court case management software and electronic
payments in the government sector. According to both
parties, the merger will create a closed loop payment
We are dedicated to the and enterprise workflow solution for state and local
court systems, including prosecutors and public defend-
education and success of the er offices.

ISO and MLS.

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