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IndustryUpdate

NMI unveils unified payments engine sectors and favorable legislation, the cannabis industry
is paced to hit $591 million in 2018 – and could increase
Network Merchants Inc. recently unveiled its unified 40 times in the next four years.
payments engine for ISOs, fintech innovators and tech-
nologists. The white-label offering enables NMI partners Pivotal Payments rebrands as Nuvei
to deliver a simplified payment platform that meets
today's expectations for seamless recognition across all Pivotal Payments, a provider global payment processing
merchant points of engagement, the company stated. solutions, is now operating under the name of Nuvei.
Partners control branding and can set their own pricing The company said the rebrand reinforces dedication
and business terms and conditions. to its partners and creates a community of payment
experts. Its business model is built on providing an
Because NMI is strictly a commerce enablement com- enhanced payment technology network through which
pany, partners can rest assured without fear of direct every employee contributes to the growth of its partners.
merchant competition, NMI added.
The rebrand also merges the company's corporate arm
Net Element offers secure, compliant with its GlobalOnePay division, which is expected to
payments for cannabis industry better meet Nuvei's strategic needs by delivering greater
value, cost synergies and a powerful, combined technol-
Net Element Inc., a global technology and value-added ogy stack.
solutions group, reported that it launched a secure, com-
pliant payment acceptance solution for sales partners Spire Payments, iGen facilitate
and merchants in the legal cannabis industry. $240,000 in donations

The company stated that according to industry research- At the Franchise Management Advisory Council for
ers and analysts, the CBD market will likely hit $22 Taco Bell's annual meeting, attendees had a variety of
billion by 2022, and with increased growth among its opportunities to donate to the Taco Bell Foundation,

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