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IndustryUpdate

experiments with 62 organizations, reaching more than 2 ACQUISITIONS
million low- and moderate-income people.
i3 Verticals completes Pace acquisition
PARTNERSHIPS
i3 Verticals completed the acquisition of Pace Payment
AMP, vPromos join forces Systems for approximately $52.7 million, of which $52.5
million was cash consideration at closing. In addition,
Advanced Mobile Payment partnered with vPromos to the seller may earn up to an additional $20 million based
provide merchants with card-linked rewards offerings upon the achievement of certain growth metrics related
that are integrated with the payments flow on AMP to the financial performance of Pace from Jan. 1, 2020
terminals. vPromos is using AMP smart terminals as through Dec. 31, 2021.
its leading Android solution, leveraging this platform
to help merchants drive repeat visits and sales without Nuvei seeks to acquire SafeCharge
increasing friction or overhead. Nuvei made an all-cash offer to acquire the entire issued

Ecomdash, Deliverr partner on shipping and to-be-issued ordinary share capital of SafeCharge
International Group Ltd. for $5.55 per ordinary share,
Ecomdash integrated with Deliverr to offer an afford- valuing SafeCharge’s fully diluted share capital at approx-
able multichannel fulfillment option for online retailers. imately $889 million. SafeCharge, which is registered in
Deliverr said it offers ecommerce businesses a cost-effec- Guernsey and has offices in the U.K., Europe, Mexico,
tive solution for meeting consumers’ seemingly impos- Israel and Asia, provides global omnichannel payments
sible shipping expectations. Deliverr’s stated mission is services, from card acquiring and issuing to payment
to help retailers of all sizes quickly ship products to their processing and checkout.
customers without breaking the bank.
Salucro, GoRev launch new payment integration APPOINTMENTS

Salucro integrated with GoRev to allow GoRev users to TimePayment appoints Jay Haverty
leverage Salucro’s fully integrated payment application
directly within the GoRev workflow. This is expected Jay Haverty is the new president and CEO at TimePayment.
to make the collection process easier and more efficient. Haverty joined the firm in March 2018 as Chief Operating
GoRev customers can now collect patient payments via Officer and has led numerous operating initiatives,
a single sign-on launch, set up recurring payment plans, including a comprehensive set of technology and service
and access administrative payment management capa- enhancements. He will now assume general management
bilities from directly within the GoRev platform, Salucro responsibility for all aspects of the company’s growth
stated. plan, which is focused on expanding its leadership posi-
tion across multiple specialty
vendor financing markets.

Paysafe Group taps
Philip McHugh

Paysafe Group selected Philip
McHugh as its CEO, replacing
Joel Leonoff, who is taking up
a new position as vice chair-
man of the company’s board
of directors. McHugh brings
extensive experience in the
global banking and payments
industries to the role. With
executive leadership experi-
ence spanning more than 20
years, he joins Paysafe from
TSYS, where he was respon-
sible for heading up the com-
pany’s merchant solutions
division.

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