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IndustryUpdate

SEON report highlights COVID-19 fraud ACQUISITIONS

SEON released Fraud Prevention During a Pandemic –
SEON Sector Report, which delves into how fraud pre- FortisPay gains Swype
vention has changed during COVID-19. Findings were
collected via a survey of SEON's clients across a range Fortis Payment Systems LLC acquired Swype at Work
of sectors including iGaming, eSports, cryptocurrency, and entered into a strategic partnership with Net at
online trading and travel. SEON analyzed respondents' Work, a Swype affiliate company. The acquisition will
answers to learn how fraud trends were developing allow FortisPay to expand its offerings into new B2B and
in different industries, whether they were affected by middle markets throughout North America, the part-
organized crime and if friendly fraud is on the rise. It ners stated. The acquisition will leverage the ERP and
also examined how businesses were adjusting to these ecommerce integration expertise of Net at Work with
new trends. FortisPay's 20 years of payment experience to provide
customized solutions that seamlessly integrate into a
PARTNERSHIPS range of complex solutions that serve a myriad of market
segments, they added.

Mastercard, NMI, Global Payments team up Nets Group to acquire Checkout Finland

Mastercard partnered with NMI and Global Payments Nets Group's Finnish ecommerce specialist, Paytrail,
Inc. to launch its first live Cloud Tap on Phone pilot signed an agreement to acquire Checkout Finland Oy,
with IT services provider Computer Engineering Group. part of OP Financial Group. According to Nets, the
Cloud Tap on Phone is a Mastercard next-generation acquisition supports the company's European ecom-
acceptance product with software hosted on Microsoft's merce ambitions and further strengthens its presence
Azure cloud platform. Mastercard stated that with the in Finland. Checkout Finland serves both ecommerce
introduction of Cloud Point of Sale, it is enhancing Tap and physical stores with an array of payment options,
on Phone and empowering partners to develop their together with mobile payment solutions.
own cloud-based products. Cloud POS moves key parts
of the acceptance software from the individual smart-
phone to the cloud.

Paysafe, BetWildwood join forces
Integrated payments provider Paysafe partnered with Payment Solutions
BetWildwood, the online sportsbook of Wildwood For App Developers
Casino in Colorado. The deal sees BetWildwood inte-
grate Paysafe's unified payments technology as well as
Income Access, Paysafe's marketing technology and ser- eProcessing Network provides
vices provider. This integration supports the launch of a
new BetWildwood affiliate program powered by its affil- payment solutions that intergrate
iate platform. According to the Colorado Department of directly into web pages, shopping
Revenue's Division of Gaming, state sportsbooks collec- carts, third-party software,
tively accepted $231 million in wagers in November, the and mobile apps for both iOS
highest total to date. and Android.
wi-Q partners with Opayo ePN’s FREE Developer

Mobile ordering company wi-Q stated it made its offer- Support Center provides
ing more desirable to hospitality operators by partnering online documentation,
with Opayo (formerly Sage Pay). Accessible via custom- sample code, and support
ers' mobile devices, wi-Q enables a touchless experi- for registered developers.
ence, reducing contact between staff and customers, the
company noted. Graham Cornhill, wi-Q's founder and ePN has payment options to fit all of
CEO, said that not only does this partnership "support
our effort to meet the contact-free needs of the current your merchant’s needs
market, but it means our customers can benefit from top- (800) 296-4810
of-the-range payment solutions."
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