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IndustryUpdate

TransVia, Jetpay launch cash discount program tion for restaurants, powering everything from online
demand generation to fulfillment for restaurants," said
TranzVia LLC, a provider of payment processing servic- Matt Maloney, Grubhub co-founder and CEO.
es, and JetPay Corp., an end-to-end processor of payment
and human capital management services, co-launched Priority, M I combine
TranzFreedom, a nationwide cash discount program.
TranzFreedom will be powered by JetPay's JetX cash dis- Payment processor Priority Holdings LLC and M I
count program. As a super-ISO, TranzVia supports ISO Acquisitions Inc., a Magna-sponsored special purpose
and agent delivery of such programs as TranzFreedom acquisition company, completed their business combina-
through its proven marketing, sales and delivery ser- tion, which was approved by M I stockholders on July
vices, the company noted. 19, 2018. The combined company was renamed Priority
Technology Holdings Inc. Thomas C. Priore, executive
Utimaco, ThothTrust aim to protect digital wallets chairman of PTH, stated, "Adding a public currency to
our capital structure positions Priority's consumer and
Utimaco GmbH, a manufacturer of hardware security B2B payments business units to capitalize on the scal-
module (HSM) technology, tapped ThothTrust to pro- ability of our payment technology as a consolidating
tect digital wallets and their cryptocurrency assets with operating platform for payments and payment-enabled
Utimaco HSMs and the CryptoScript software develop- software companies."
ment kit. The product offers different security levels and
customization options to create a secure environment
corresponding to the customer's unique requirements. APPOINTMENTS
In the case of digital wallets, a wallet security module
ensures cryptocurrency asset security based on a Utimaco Ouellette signs on with POSData
HSM as its hardware root of trust.
POSData Group Inc., a distributor of secure payment
ACQUISITIONS solutions, hired Chrissy Ouellette as senior director of
payments and business development. Ouellette brings
extensive fintech sales, service and operational experi-
Accenture gains Kogentix ence to the company, along with expertise designing,
implementing and leading strategic initiatives encom-
Accenture acquired Kogentix, an enterprise-level big passing world-class service delivery and product devel-
data and artificial intelligence services and solutions pro- opment, the company said. Ouellette has over a decade
vider. The acquisition is expected to further strengthen of payments industry experience, having worked for
Accenture Applied Intelligence's growing data engineer- Vanco Payment Solutions, Meritus Payment Solutions
ing business, particularly in North America, as compa- and Central Payment.
nies increasingly look to harness open source big data
and advanced analytics technologies to identify revenue Serian joins APS/NAPS
growth and cost reduction opportunities enterprise wide,
Accenture stated. American Payment Solutions and its Canadian division
North American Payment Solutions welcomed Christina
Clearent buys Compassmax, combines it with SPOT Serian as the company's senior marketing manager.
Among other responsibilities, she will lead the market-
Clearent Software Holdings, a wholly owned subsidiary ing department. Serian has experience working in the
of payments solutions provider Clearent LLC, completed Sage Software community, providing critical information
the purchase of Compassmax, a dry-cleaning POS soft- to both software resellers and end users, APS said. Phil
ware developer. Compassmax joins Clearent's recently Heath, president of APS, stated, "Christina is instru-
acquired SPOT Business Systems LLC, a provider of web- mental in bringing a tighter focus on partner and client
and POS-based dry cleaning business management tools. relationships."
Clearent plans to combine the companies' operations on
the SPOT platform over time. The combined entities will Double Diamond, Rich Consulting tap Spalinger
retain the SPOT name and continue to fully support the
Compassmax software solution, Clearent noted. Rich Consulting and Double Diamond Group LLC
expanded their payment facilitator consulting team with
Grubhub acquires LevelUp the addition of Dan Spalinger as a senior consultant.
Spalinger will be responsible for expanding the team's
Online and mobile food-ordering and delivery market- personnel, capabilities and resources to enhance client
place Grubhub Inc. entered into an agreement to acquire support and project execution, the companies stated.
Boston-based mobile diner engagement and payments Spalinger has worked for some of the industry's most
provider LevelUp for $390 million in cash, subject to stan- notable banks and acquirers, and has spent more than 18
dard closing conditions. "LevelUp's leading restaurant- years focused on credit, underwriting and risk manage-
facing technology and the team they have built in Boston ment. Most recently, he was senior leader in charge of the
will help Grubhub provide the most comprehensive solu- payfac business at Worldpay.

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