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IndustryUpdate

PARTNERSHIPS Payroc, PayTomorrow team up on BNPL

In partnership with PayTomorrow, Payroc will now
Factor4 integrates with Dejavoo's offer financing as an alternate form of payment at par-
Android terminals ticipating businesses, specifically high-ticket durable
goods retailers. "Buy now, pay later solutions are on the
Factor4 LLC, a provider of gift card and loyalty solu- rise in the ecommerce and retail verticals as consumers
tions, completed its gift card and loyalty integration seek additional ways to make purchases," Payroc stated.
with the new Android terminals offered by Dejavoo
Payment Software Solutions. The terminals include QD1, "PayTomorrow will seamlessly integrate into an existing
QD2, QD3, QD4 and QD5. The integration is expected business website, as well as offer in-store and over the
to enable Dejavoo's clients to seamlessly process gift phone availability." According to Payroc, the solution
card and loyalty transactions via the new devices. features flexibility in payments, leading to an increase
Dan Battista, Factor4 CEO, said, "Our partnership with in average order value and conversion rates from busi-
Dejavoo enables their merchants to provide contactless ness visitor to purchasing customer. Plus, Payroc added,
gift card and loyalty transactions in-store and utilize all there are no credit requirements, finance decisions are
of our program functionality. It also enables them to released instantly, and merchants are paid upfront for
have an omnichannel solution that includes Factor4's the goods purchased through the platform.
online and mobile capabilities that run on one integrated
platform." WPP, Snap using AR for immersive commerce

IRIS CRM adds Merlink dispute responder WPP and Snap Inc., the camera company behind
Snapchat, formed a global partnership, The AR Lab, to
IRIS CRM reported that its Dispute Responder now help brands build and deliver immersive experiences
includes support for TSYS FSP ISOs to manage their for consumers using augmented reality (AR). Focused
merchant disputes through IRIS CRM. TSYS FSP ISOs on ecommerce, the partnership combines Snap’s AR
using Merlink—TSYS's internal dispute management technology with WPP’s integrated capabilities across
system—can now enable merchants and agents to creative, media, commerce and technology, allowing
receive notifications of new chargebacks and retrievals WPP clients to better connect with their customers on
for merchants within 24 hours of a dispute being filed; the Snapchat platform and drive meaningful business
once notified, merchants, agents or ISOs can easily reply results through AR, the partners stated.
with supporting documentation directly from IRIS CRM,
IRIS stated. As Snap’s inaugural Agency AR partner, WPP will col-
laborate with Snap on new products and technology,
Near-instant notifications, electronic replies and auto- such as the recently launched Snapchat Trends tool,
mated reminders will help the merchants of TSYS FSP which allows teams to use proprietary insights and data
ISOs win more disputes and retain more of their hard- to inform creative and campaign development, they
earned revenue, as well as enable the ISOs to attract added.
more merchants by enabling them to digitally respond to
disputes through their custom-branded merchant portal, ACQUISITIONS
the company added.
Mastercard, Escher partner on money transfers Celero fully integrates, rebrands TransNational

Mastercard and Escher, a service provider to postal Following its 2020 acquisition of TransNational
operators and couriers, allied to bring new financial Payments, Celero Commerce achieved full integration
services to post and parcel carriers. Postal operators of TransNational and repositioned the provider of
who leverage Escher’s customer engagement platform, electronic payments technology as part of the new
Riposte, can now offer Mastercard’s cross-border ser- Celero brand. "With the addition of TransNational, as
vices directly at the POS. Mastercard’s cross-border well as the previously acquired payments providers
services allow people and businesses to send and receive UMS Banking, Elmhurst Financial, FlashBanc, Tandem
money securely and with certainty through a single con- Innovative Payment Solutions, as well as SaaS developer
nection to more than 100 countries, including emerging RazorSync, the new Celero Commerce serves approxi-
and in-demand markets, the partners stated, adding that mately 45,000 merchants processing more than $18 bil-
Mastercard’s cross-border capabilities support multiple lion in card volume annually.," Celero stated, adding
payment use cases and can reach a variety of endpoints that it partners with more than 150 financial institutions
including bank accounts, mobile wallets, and cash pay- and is now among the top 10 nonbank payment proces-
out locations around the world. sor in the United States.

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