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IndustryUpdate

TSG analyzes key BNPL trends, attitudes Oliver POS register and for all transaction information to
seamlessly flow into customer records and reports, the
The Strawhecker Group surveyed over 1,500 U.S. con- partners stated, adding that this eliminates double-entry
sumers in early 2021 with a goal of understanding keying errors, reduces paper-based systems and speeds
domestic attitudes and perspectives on the use of buy end-of-day close.
now pay later (BNPL) services. The complete findings,
a selection of BNPL provider profiles and market land- TreviPay, Digital River launch payment solution
scape details are included in a report titled Buy Now, Pay
Later: An Analysis of Key Trends and Consumer Attitudes. TreviPay, a business-to-business payments company,
TSG found that 39 percent of consumers have tried launched its payments solution with commerce enabler
BNPL; of those, 55 percent tend to spend more ($312 Digital River. The technology allows Digital River to
average spend) compared to other payment methods. further automate and develop a consumer-like purchas-
Results indicated that most consumers intend to contin- ing experience for its B2B clients to quickly scale their
ue using BNPL services, and trust is high when it comes business on a global level, TreviPay stated. TreviPay
to product reliability; however, consumers are less con- brings Digital River clients a competitive edge in the B2B
fident about their providers’ motivations. solutions space, providing a world-class, scalable, white-
labeled payment solution that offers the extension of net
PARTNERSHIPS terms and invoicing at checkout on their ecommerce
stores, the partners noted, adding that B2B buyers now
enjoy streamlined, consumer-like purchasing, removing
NAB, Hawk:ai to launch real-time AML buyer friction typical of business buying, and cultivating
buyer loyalty and repeat purchases.
Payments technology company North American Bancard
Holdings and HAWK:AI, a provider of real-time trans-
action screening and monitoring solutions for financial ACQUISITIONS
institutions, formed a partnership designed to strengthen
NAB’s anti-money-laundering compliance through real- Brink's acquires PAI
time transaction monitoring, applying machine learning
in combination with classic rule-based approaches. By The Brink's Co., a cash management, route-based secure
integrating HAWK:AI's solution, NAB seeks to improve logistics and payment solutions provider, acquired
compliance with regulatory requirements, scheme and privately held ATM services provider PAI Inc. for $213
bank sponsor rules, and to significantly increase process million. On a current full-year basis, PAI is expected to
efficiencies by the reduction of manual investigation generate revenue of approximately $320 million and
workload, NAB stated. adjusted EBITDA of approximately $30 million. Based in
its new headquarters in Dallas, PAI employs 225 people
NYMBUS, Segmint to innovate payments analytics across three major U.S. locations and another 12 field
locations. The acquisition was financed using available
NYMBUS, a banking technology solutions provider, cash and the Brink's existing credit facility.
formed a partnership with data and analytics company
Segmint to enrich Nymbus’ customer-based transaction Uphold to acquire JNK Securities
data across its suite of banking products and services.
Merchant payment transaction content is often cryp- Uphold, a digital money platform, received regula-
tic and nondescript, making it difficult to distill into tory approval for its acquisition of JNK Securities, a U.S.
a merchant name, and Segmint’s Merchant Payment broker-dealer. This approval by the Financial Industry
Cleansing tool allows financial institutions to better Regulatory Authority means that Uphold is one of
understand customer transaction behavior and model the first cryptocurrency firms to own a broker dealer
spend patterns, turning complex and hard to use data approved to offer equities on an omnibus basis to retail
into actionable insights for enhancing customer experi- investors in the United States, the company stated,
ences, analytics and modeling investments, the partners adding that it plans to launch fractional equities in the
noted. United States this year and to pioneer seamless trading
between cryptocurrencies, U.S. stocks, precious metals,
Oliver POS integrates with PayJunction carbon credits, FX products and other assets, all through
a single interface.
Oliver POS, a provider of integrated retail POS software,
and PayJunction, a developer of payment processing
technology, now provide integrated payment processing APPOINTMENTS
for businesses that run on the WooCommerce platform.
PayJunction is offering qualified Oliver POS clients a Steve Eazell joins FAPS
free ZeroTouch terminal designed to simplify payment
processes and improve the customer experience. The First American Payment Systems hired Steve Eazell as
integration allows payments to be initiated through the senior manager for the ISO/strategic partnership chan-

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