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IndustryUpdate
ChapterTitle

volume for grocery stores/supermarkets was up 41.3 modular and scalable card issuing, acquiring and pro-
percent. The consumer goods sector posted an overall cessing platform that can be deployed either on-premise
gain of 9.2 percent in dollars spent year over year. The or on the cloud, Temenos stated. In addition, Card 3.0
drug stores/pharmacies total dollars spent increased IE enables banks to intelligently manage the entire card
21.4 percent. Gas stations increased only by .04 percent, and digital payments value chain, including physical
attributed to the drop in crude oil prices. In general, and virtual card issuance, card and PIN production,
debit card incremental spend outpaced that of credit transaction processing, Apple and Google payments and
cards. For details, see www.pscu.com/eye-on-payments. payment analytics.

PARTNERSHIPS ACQUISITIONS

Fattmerchant, Gift Up! join forces DocuSign purchases Seal Software

Fattmerchant, a payment technology provider, is now E-signature specialist DocuSign said it is acquiring Seal
an official gateway partner of GiftUp!, a software- Software for $188 million in cash. California-based Seal
based company that streamlines and automates the sale devised machine learning-enabled analytics software for
of online gift cards. As businesses adapt to decreas- contracts, which enables users to search large volumes
ing in-person transactions, this collaboration provides of agreements by legal concepts, instead of keywords.
Fattmerchant's members a new source of revenue DocuSign made a $15 million strategic investment in
through a virtual gift card offering and special pricing, Seal Software in 2019 and is expected to integrate
the partners stated. Gift Up! is waiving its usual 3.49 Seal's machine learning-powered application into its
percent fee for Fattmerchant members' first $5,000 in Agreement Cloud software.
gift card sales. Members can access Gift Up! through the
Omni Marketplace and utilize Fattmerchant's subscrip- Microsoft gains Affirmed
tion-based processing for virtual gift card sales.
Microsoft reported is acquiring the Boston-based
Fluid Pay, Paysafe partner for continuity Affirmed Networks. Founded in 2010, Affirmed is
focused on cloud-based mobile network technology,
Fluid Pay LLC recently partnered with Paysafe as part an appealing asset for companies investing in 5G con-
of the company's continual commitment to provide its nectivity, analysts have stated. In a 2019 funding round,
continuity customers a streamlined processing experi- Affirmed was most valued at more than $1.3 billion. The
ence that will allow merchants to integrate seamlessly terms of the acquisition were not disclosed.
and manage their businesses through a single platform.
Through this partnership, Paysafe customers and part- APPOINTMENTS
ners will be able to integrate to both Konnektive and
Limelight CRMs, Fluid Pay said, adding that both
Paysafe and Fluid Pay are "extremely well placed to cap- Zafin selects Venkataraman Balasubramanian
italize on this opportunity within the continuity industry Zafin, a provider of product and pricing solutions for
and work together to create a new industry standard in banks, added Venkataraman Balasubramanian (Bala) to
the marketplace."
its senior leadership team as executive vice president
HindSite, Fattmerchant to serve and chief technology officer. Bala joins Zafin with over
field service industry 35 years of experience working in the financial services
industry worldwide and the information technology
Fattmerchant, an integrated payment technology pro- sector. He brings deep and varied expertise to Zafin's
vider HindSite Software, purveyor of a business man- leadership team. Most recently, Bala worked as CTO of
agement software for the field service industry, recently banking & capital markets for DXC Technology.
partnered with Fattmerchant. The integration enables
HindSite clients to accept payments through a variety of Nick Millward joins AIMM board
processing methods, including card-present and card- Nick Millward, vice president Europe at global mobile
not-present capabilities. The platform's API integration engagement provider mGage, was appointed to a board
allows users to maintain their existing operations within member of the Association for Interactive Media and
HindSite's platform while using Fattmerchant as their Micropayments. He will serve alongside other profes-
sole payment processor, HindSite noted. sionals from ITV, BBC and Global Radio. "I believe it is

Temenos MarketPlace, TAS Group team up hugely beneficial for mGage to be part of the conversa-
tion, to be involved in regular discussions around the
Banking software company Temenos welcomed TAS media and payments market and to have the opportu-
Group, a global provider of digital payments software, nity to put forward new ideas to continue to grow this
to the Temenos MarketPlace. With the addition of TAS' industry," Millward said about his appointment.
CARD 3.0 IE, Temenos clients can leverage a flexible,

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