Page 14 - GS20801

IndustryUpdate

service, partnered with International Bancard, a payment accep- Openbucks is a payment gateway that allows
tance industry leader. Over the next few months, the two compa- online merchants to accept retail gift cards
nies will work together to empower International Bancard's inte- as an alternative form of payment to credit
grated software vendors and independent sales partners, helping cards, something that is particularly popular
them attract, sign, and retain new merchants with instant merchant amongst online gaming and eSports opera-
statement analysis, the companies stated. tors, Paysafe noted, adding that this invest-
ment forms part of its strategy to further
Mastercard accelerates crypto card partner program expand its cash alternative payment offering
in the United States.
To aid adoption and create innovation in the crypto space,
Mastercard expanded its cryptocurrency program, making it sim- REPAY gains cPayPlus
pler and faster for partners to bring secure, compliant payment
cards to market. Mastercard's Accelerate program2, now available Repay Holdings Corp., a provider of verti-
for emerging brands and fintechs, gives them access to every- cally integrated payment solutions, acquired
thing they need to grow quickly, the company stated. This came cPayPlus, LLC for up to $16 million, of which
after Wirex became the first native cryptocurrency platform to be $8 million was paid at closing. The remaining
granted a Mastercard principal membership, allowing it to directly $8 million may become payable in the third
issue payment cards. quarter of 2021, dependent upon the achieve-
ment of certain growth targets.
ACQUISITIONS The closing of the acquisition was financed

with cash on hand and will not materially
Paysafe to acquire Openbucks impact REPAY's net leverage. cPayPlus is an
accounts payable automation provider to a
Paysafe, a leading specialized payments platform, announced its variety of industries, with concentrations in
acquisition of U.S-.based Openbucks, for an undisclosed sum.
automotive, property management and field
services.

APPOINTMENTS

Tim Harris to lead FuturePay

Technology veteran Tim Harris, who has
held senior management positions with
global brands like Intuit, Siebel, and IBM,
was appointed chief executive officer of
FuturePay, which was recently acquired by
Our ISO  Exclusive low cost Bill&Pay NewOak Finance. Harris will be responsible
electronic invoicing pricing
for the company's product and go-to-market
& ISV  Robust, cost effective strategies, and will oversee the company's
activities in engineering, sales, marketing,
i3 Transafe gateway with
Partners  Multiple pricing options including and partnerships.
seamless integration
Enjoy surcharging and flat rate Apifiny selects Thomas Trepanier
 Complimentary statement Apifiny, a global liquidity and financial
analysis value transfer network, stated that Thomas
 L2 & L3 interchange savings for Trepanier joined the company to lead the
B2B merchants growth of its Roxe global settlement and
 Choose from numerous liquidity solutions for banks, central banks
platforms and sponsor banks and digital asset exchanges. Trepanier brings
 NDF cutoff times as late as 11pm over 20 years' experience in financial services
and fintech, serving banks, central banks,
stock exchanges, central securities deposito-
ries, and asset managers.

Technology driven. Human powered. His experience includes key business develop-
ment and sales roles with Global Accelerated
Contact Us Ventures and Society for Worldwide
ISORecruitment@i3verticals.com Interbank Financial Telecommunications,
among others.

14