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IndustryUpdate

Worldpay, CRS Texas extend partnership APPOINTMENTS

Payment technology provider Worldpay Inc. and CRS
Texas, which have partnered for a decade, extended their Ingenico North America taps Giles
relationship for another four years. CRS offers compre-
hensive POS solutions to single and multi-unit operators Bradford Giles was appointed senior vice president
in the restaurant retail, and other hospitality markets. of marketing & sales enablement for Ingenico North
CRS Texas CEO Brian Smith said, "As my business America. Jennifer Miles, executive vice president of
grows rapidly, Worldpay's multitude of integrations, North America for Ingenico Group, said, "As we con-
cutting-edge technology and dedicated service and sup- tinue to expand our technology leadership position,
port positions us well to meet the goals of our clients." Bradford Giles will play an important role in defining
the strategies necessary to strengthen our position in the
market." Most recently, Giles was vice president of chan-
ACQUISITIONS nel marketing for Cayan. In that role, he was responsible
for all partner and sales enablement, demand generation,
Binance buys Trust Wallet messaging and was pivotal in the company's transition
from a tradition ISO to a payments technology company.
Cryptocurrency exchange Binance acquired Trust Wallet,
a mobile wallet and decentralized application browser for Hochschild to succeed Nelms at Discover
Ethereum and ERC20 (an Ethereum protocol standard).
This transaction marks the first acquisition for Binance. Discover Financial Services reported that Roger
"Trust Wallet is a secure, open source, decentralized and Hochschild, its president and chief operating officer, will
anonymous mobile wallet application for storing over succeed David Nelms as CEO on Oct. 1, 2018. Hochschild
20,000 different Ethereum based tokens and has seen was elected to the company's board of directors and will
significant user adoption since its launch in November retain his role as company president. Nelms, current
2017," the partners said. Trust Wallet is known for secu- chairman and CEO, intends to retire from Discover in
rity and has "held itself to the guiding principles that it early 2019. Nelms will continue as executive chairman
will never access user wallets, hold private keys, and ask until his retirement.
for personal information," they added.
Lucatuorto joins Sphere
Global Payments to purchase Advanced MD Sphere Payments LLC hired Anthony Lucatuorto as its

Global Payments Inc., a worldwide provider of pay- chief sales officer, SMB, to lead the company's integrated
ment technology and software solutions, agreed to small merchant business segment. Lucatuorto will be
acquire AdvancedMD from Marlin Equity Partners. responsible for all SMB sales and partner acquisition
AdvancedMD provides cloud-based software as a ser- within the company's key market verticals throughout
vice (SaaS) solutions to small and midsize ambulatory the United States, Canada and Australia. Lucatuorto has
physician practices in the United States. Global Payments more than 25 years' experience in the payments industry
will acquire AdvancedMD in a cash transaction valued having held executive roles in such companies such as
at $700 million, and will finance the acquisition with TSYS, First Data and Revenue Sharing Alliance Group.
its existing credit facility and cash on hand. Global Shnider joins PCI SSC roundtable
Payments CEO Jeff Sloan said, "This acquisition aligns
perfectly with our software-driven strategy and will add Adam Shnider, executive vice president of commercial
significant SaaS revenue in a new, attractive market with services at Coalfire, was selected to join the 2018 ‒ 2019
strong payment fundamentals, further accelerating our PCI SSC Global Executive Assessor Roundtable. The
business mix toward technology enablement." roundtable will be an advisory board comprised of
senior executives from PCI assessor companies. "Having
Net Element gains key UPS assets a more formalized method to gain insights from asses-
Net Element Inc., a global technology and value-added sors is an important step in the evolution of the stan-
solutions group, acquired certain transactional services dards to better support the retail, service provider and
portfolio (cash flow assets) from Universal Payment issuer communities in their challenges with a changing
Systems. Through its Unified Payments subsidiary, payments landscape," Shnider said. "As a [representative
Net Element gained the cash flow assets for a total of of a] long-standing QSA company and as a QSA profes-
$2.7 million, which are expected to generate well over sional, I look forward to contributing to the process.
$5 million in gross profits over the next four years, Net
Element stated. The acquisition "deepens our relation-
ship with UPS, which has been very positive for both
organizations," said Vlad Sadovskiy, president of inte-
grated payments for Net Element.

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