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IndustryUpdate

EPA reports on open banking's global future "Now, merchants can accept online orders through RTO
utilizing the same payment processing platform they use
The Emerging Payments Association published in-store," the partners noted.
Unleashing the Potential of Open Banking, a report on open
banking that covers open banking's global initiatives, SpotOn, SoFi connect SMBs to stimulus loans
barriers to adoption and potential to transform the pay-
ments industry. "Following the impact of the COVID-19 Software and payments company SpotOn Transact Inc.
health crisis, there has never been a more important time partnered with SoFi, an online personal finance compa-
for economies to have strong digital economies with ny, to help small and midsize businesses access federal
data and payments available via secure application pro- stimulus loan programs.
gram interfaces (APIs)," the EPA stated.
The partnership bypasses big-name lenders, which were
PARTNERSHIPS overwhelmed with applications, and provides mer-
chants direct, easy access to lenders who can help imme-
diately, SpotOn stated. RJ Horsley, president of SpotOn,
Bluefin, CDE providing P2PE to essential business added, "We felt SoFi was the perfect partner to not only
create a seamless process for connecting our clients with
Bluefin, a provider of payment security technologies, Small Business Administration lenders, but also to pres-
and CDE Services Inc., a provider of POS equipment and ent all possible credit options."
support services, teamed up to ensure business continu-
ity of a large, California-based healthcare organization
during the COVID-19 crisis. ACQUISITION

The partners stated they fulfilled the organization's order PayU's LazyPay, PaySense to merge
for more than 800 point-to-point encryption (P2PE) pay-
ment terminals and PIN pads within two weeks, while LazyPay, which is PayU's consumer lending business,
complying with changing COVID-19 restrictions. They and PaySense, a digital credit platform, are merging
subsequently released a case study detailing this execu- operations to build a full-stack digital lending plat-
tion. form in India. PayU will acquire a controlling stake in
PaySense and all its assets at a valuation of $185 million.
Datacap, RTO deliver integrated online ordering Also, PayU will inject a total of up to $200 million in
equity capital into the new enterprise.
Datacap Systems Inc., a processor and hardware-agnos-
tic integrated payments provider, partnered with Real
Time Ordering to deliver an integrated online-ordering APPOINTMENTS
solution to the hospitality industry that allows for con-
solidated in-store and online payments for Datacap's International Bancard hires Josh Elsass
base of POS partners.
Josh Elsass joined International Bancard execu-
tive as chief sales officer. He will be responsible
A Also find us on lso find us on FFacebook, acebook, for portfolio diversification and revenue growth
across the company's multiple sales channels. With
L LinkedIn & inkedIn & TTwitter for the witter for the more than 25 years' sales leadership experience,

mos Elsass has a track record of forging innovative
most up-to-date stories, t up-to-date stories,
and lucrative strategic partnerships, International
can’t miss events and newest an’t miss events and newest Bancard noted.
c
industry announcements.ustry announcements. DCI taps Daren Fankhauser
ind
Data Center Inc. promoted Daren Fankhauser
to senior vice president, chief development offi-
cer and chief architect. He now oversees the
company's digital banking software development,
particularly iCore360, its core banking program.
Fankhauser joined DCI in 1996 as a software
developer and earned a series of promotions with
https://www.facebook.com/TheGreenSheetIncttps://www.facebook.com/TheGreenSheetInc
h increasing executive responsibilities.
https://www.linkedin.com/company/the-green-sheetttps://www.linkedin.com/company/the-green-sheet
h
https://twitter.com/The_Green_Sheetttps://twitter.com/The_Green_Sheet
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