Page 12 - GS211101

IndustryUpdate

the global ecommerce landscape grows to be worth an Payfare, Wise bring global money
expected $US 6.9 trillion by 2025, consumers expect to transfer to gig workers
make purchases with their preferred payment method,"
PPRO wrote. "Yet many firms still lack the knowledge, Payfare and global technology company Wise disclosed
licensing and technology to conduct local transactions." plans to bring fast, low-fee and secure international
To help overcome this challenge, PPRO stated, this new money transfer capabilities to Payfare’s digital bank-
edition provides comprehensive research on local pay- ing app in 2022. The partnership will bring together
ment methods, consumer behavior, ecommerce data, the leading instant payout and digital banking solution
trends and projected market growth for more than 150 for contract workers, Payfare, with the low-cost leader
countries worldwide. for international money transfers in a digital payments
experience tailored to the gig economy," the partners
PARTNERSHIPS said. Beginning next year, the North American gig and
contract workers Payfare supports will be able to send
money abroad instantly via Wise’s payments infrastruc-
Blackhawk, Zip partner to drive BNPL ture, directly from Payfare digital banking apps, they
added.
Branded payments provider Blackhawk Network and
buy now, pay later (BNPL) innovator Zip Co Ltd. (for- Savify adds two vendor partners
merly known as Quadpay) established a partnership to
offer new ways to purchase gift cards in time for the hol- Savify, an aggregator of a collective set of proprietary
iday season. The partnership will integrate Blackhawk’s discounts, added Zuma Office.com and Logitech to its
branded payments network to more than 5 million Zip extended family of vendors. Online office supply store
app users, allowing them to purchase gift cards within Zuma Office.com prides itself on offering an alternative
the Zip platform, Blackhawk stated, adding that Zip’s to big box office supply stores, giving back and doing
Pay in 4 product will be available as a payment method business the right way. Logitech designs products and
to purchase gift cards at GiftCards.com, GiftCardMall. experiences that "have an everyday place in people's
com, and through Blackhawk’s first-party platform lives," Savify stated. Savify has endeavored to add value
which currently services over 500 leading merchants. to the products and services offered by ISOs, acquirers
and payment processors since 2009.
NSP, Flow Networks expand real-time connections

Flow Networks partnered with Next Stage Partners to ACQUISITIONS
further develop and expand consumer payment solu-
tions for customers worldwide. Flow Networks, creator Cutter celebrates 300th portfolio purchase
of the Flow Platform, stated it brings customers closer to
the merchants and brands they love by providing a real- Cutter reported that it closed its 300th residual buy-
time connection triggered at the moment of payment out in its portfolio purchasing history, which spans 50
and customized by the issuer or merchant partner. The ISOs and processors. Cutter acquired its latest book
platform also simultaneously delivers a secure and pri- of business from Eliante Consulting Services founder
vate digital receipt back to the originating financial insti- Ray Eliante. Eliante is a long-time agent of Nationwide
tution. NSP's team of financial services industry experts Payments LLC, a wholly owned subsidiary of EVO
serve as connective tissue between fintech startups and Merchants Services LLC. About the purchase, Denise
financial institutions. Shomo, president at Cutter, said, “Cutter always keeps
the merchant with their current processor, but we will
ParkMobile, Portland State University team up be taking over the excellent service and support of Ray
and his team with Cutter’s growing U.S.-based client
ParkMobile, a provider of smart parking and mobil- relations team in Pennsylvania.”
ity solutions, launched its service at Portland State
University. Students, faculty and visitors will be able Fiserv to acquire BentoBox
to use the ParkMobile app to quickly pay for parking at
over 3,000 spaces in the off-street campus parking lots, Fiserv Inc., a provider of payments and financial ser-
and University leaders encourage the community to vices technology, agreed to acquire BentoBox, a digi-
pay by the app instead of at the meter or pay station to tal marketing and commerce platform provider that
prevent the spread of COVID-19, ParkMobile stated. To delivers a frictionless diner experience dedicated to
pay with the app, a user enters the zone number posted accelerating growth and helping restaurants seamlessly
on stickers and signs around the lot, selects the amount connect with their guests, Fiserv stated. This transac-
of time needed, and touches the Start Parking button to tion expands Fiserv's Clover dining solutions and com-
begin the session. The user can extend the parking ses- merce and business management capabilities, which,
sion's time via mobile device without returning to the the company noted, enable nearly 200,000 restaurants
pay station. to deliver unique and differentiating diner experiences.
The BentoBox platform includes website design, online
ordering and marketing tools, Fiserv added.
12