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IndustryUpdate

channel partner loyalty is wavering and threatening NACHA selects Alacriti as preferred partner
end-customer experiences, the right tools and incentives
to support changing dynamics of the channel ecosystem, NACHA – The Electronic Payments Association selected
and how brands can modernize their technology ecosys- Alacriti as a Preferred Partner for electronic bill pre-
tem to support connected ecommerce experiences. sentment and payments. NACHA Preferred Partners
are a select group of innovators that contribute to the
Nilson assesses top acquirers, issuers association's strategic efforts in support of the payments
ecosystem by removing friction, increasing ease, acces-
The Nilson Report released its 10th edition of The World's sibility and efficiency, as well as supporting sound risk
Top Card Issuers and Merchant Acquirers. It includes data management and security for ACH payments, NACHA
on 293 acquirers and 1,083 issuers. Figures incorpo- stated. Alacriti's selection was driven by its OrbiPay
rate number of cards in circulation with spending solution, which enables organizations to provide conve-
for credit and debit cards in each world region: Asia- nient, flexible bill presentment and payment options to
Pacific, Canada, Europe, Latin America, United States their customers, the association added.
and Middle-East-Africa. Industry totals for each region
are shown by the following brands: Visa, Mastercard, Shift4, JourneyTEA-RDA team up
American Express, UnionPay, Diners Club, Discover and
JCP. To order visit, www.nilsonreport.com/research. Secure payment processing innovator Shift4 Payments
LLC and JourneyTEAM-RDA, a Microsoft consultant
Consumers paying down debt, says WalletHub and Retail Management Hero (RMH) dealer, collaborat-
ed to create an integrated, secure payment solution for
WalletHub released two key reports: the Q2 2018 Fed RMH and Microsoft Dynamics RMS (Retail Management
Rate Hike Report and 2018 Credit Card Debt Study, accom- System) users. The partnership gives retailers the added
panied by a credit card survey. The first concluded the value of a complete payment solution that is fully inte-
most recent Federal Reserve rate hike would cost people grated with RMH and Microsoft Dynamics RMS and
with credit card debt an extra $1.6 billion in 2018 alone. includes a secure payment network connection, point-
And the credit card debt study reported consumers to-point encrypted credit card terminals, full merchant
repaid $40.3 billion in credit card debt during the first services and much more, the companies stated.
quarter of 2018, the second-largest quarterly paydown
recorded. ACQUISITIONS

PARTNERSHIPS PayPal gains Jetlore

Ingenico ePayments, FXCM collaborate As part of PayPal Inc.'s efforts to provide merchants
and consumers more personalized commerce experi-
Ingenico ePayments, the online and mobile commerce ences, PayPal acquired Jetlore, an artificial intelligence
division of Ingenico Group, reported that FXCM Group (AI)-powered prediction platform for retailers. Jetlore
LLC, a provider of online foreign exchange trading, was founded in 2011 by Ph.D. students from Stanford
selected Ingenico as its trusted payment processing part- University's computer science program with the goal
ner, providing customers worldwide a highly secure and of applying the power of machine learning to the
simple platform to deposit and trade foreign exchange. retail market. According to PayPal, this acquisition will
FXCM offers advanced trading tools and meets strict enhance and accelerate its marketing solutions, adding
financial standards and regulations; with the support of new capabilities to expand its value proposition for mer-
Ingenico's services, FXCM can ensure transactions are chants beyond the online checkout experience.
handled in the most secure means possible, the partners
stated. Paysafe completes iPayment acquisition
Linked2pay, PUSH Paysafe Group Ltd., a global payment company head-
payments join forces quartered in Isle of Man, completed the acquisition of
iPayment Holdings Inc., a U.S.-based provider of pay-
Linked2pay, a risk management and payments technol- ment and processing solutions for small and midsize
ogy provider, teamed with PUSH Payments to develop businesses that generated processing volumes of over
and deploy instant merchant settlements. The partners $25 billion in 2017 from more than 137,000 merchant cus-
stated they will soon provide this service under an tomers across the country, Paysafe stated. Todd Linden,
agreement with a top five acquirer in the United States. CEO of Paysafe in North America, will run the expanded
"An instant merchant settlement solution that is avail- organization. O.B. Rawls IV, iPayment's former CEO,
able around the clock and even on holidays that settles in along with iPayment CFO, Robert Purcell, have both
real funds reshapes the card acceptance value proposi- accepted new leadership roles within Paysafe.
tion," noted Robert "Jay" McShirley, CEO of linked2pay.

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