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IndustryUpdate

preferences, Paysafe noted, adding that the partnership ers in the financial payments sector, to serve on the
will complement REPAY's suite of electronic payment Atlanta Federal Reserve Bank's newly created Special
solutions. Committee on Payments Inclusion. The committee is
a public-private sector collaboration sponsored by the
VizyPay launches training for 1099 sales partners Federal Reserve Bank of Atlanta and formed to focus on
"finding solutions for cash-reliant individuals to become
dVizyPay, a payment processor for small businesses, better connected to the economy, including to innova-
launched its proprietary internal training program, tive financial services," the Fed stated. Raphael Bostic,
Learning For Geniuses. The tool includes in-depth vid- Atlanta Fed president, will chair the new committee, and
eos designed to educate sales partners so they can suc- Mary Kepler, Atlanta Fed senior vice president and chief
cessfully make their first sale, and continue to do so after risk officer, will serve as deputy chair.
that, the company stated. VizyPay, which soft-launched
the training tool in early 2021, said that since then, it has Element hires Joe Udomdejwatana
experienced a 70 percent increase in inexperienced 1099
sales partners converting their first sale. Element Inc., a pioneer in AI digital identity services,
appointed Joe Udomdejwatana as its new regional direc-
ACQUISITION tor. "Over the last seven years, building both traditional
and digital financial products businesses in our markets
for a global credit risk company, I have seen how impor-
Sift to acquire Chargeback tant these products are to the consumer to gain access
to financial services, and the role of alternative data to
Sift, a provider of digital trust and safety, signed a the successful product delivery," Udomdejwatana said.
definitive agreement to acquire Chargeback, a real-time Based in Bangkok, Thailand, he joins Element from mul-
dispute management provider for merchants. With the tinational consumer credit reporting company Experian,
addition of Chargeback to Sift's platform, merchants will where he served as country manager of Thailand.
gain access to a complete solution that addresses
risk before, during, and after user transactions, Sift
stated.

Specifically, Sift added, the two companies prevent
both true fraud, which occurs when stolen cre-
dentials or payment information is used to make
purchases, and friendly fraud, which occurs when Payment Solutions
consumers make false chargeback claims to their
payment providers. For App Developers

APPOINTMENTS
eProcessing Network provides

Jonathan Polk joins Melio payment solutions that intergrate
directly into web pages, shopping
B2B payments company Melio appointed former carts, third-party software,
American Express Co. executive Jonathan Polk
as general counsel and chief compliance officer, and mobile apps for both iOS
based in its New York office. Polk joins the C-suite and Android.
alongside co-founders Matan Bar, chief executive
office; Ziv Paz, chief operating officer; and Ilan ePN’s FREE Developer
Atias, chief technology officer. He brings extensive Support Center provides
experience as a senior financial services executive online documentation,
working in both the public and private sectors,
the company noted. Polk began his career at the sample code, and support
Federal Reserve Bank of New York. More recently, for registered developers.
he was global head of regulatory affairs and inter-
national banking for AmEx. ePN has payment options to fit all of
Bruce Renard on Fed's payment your merchant’s needs
inclusion committee (800) 296-4810
National ATM Council Executive Director Bruce eProcessingNetwork.com
Renard was appointed, alongside a select group
of business, not-for-profit and academic lead- © eProcessing Network, LLC. All Rights Reserved. All trademarks are the property of their respective holders.

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