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IndustryUpdate

PARTNERSHIPS ACQUISITIONS

Commercial Bank of California picks linked2pay Celero acquires Everest Payment Solutions

Commercial Bank of California and linked2pay entered Celero Commerce acquired Everest Payment Solutions.
into an agreement under which linked2pay will serve With the addition of Florida-based Everest, Celero, a top
as the bank's enhanced due diligence (EDD) solutions 10 non-bank payment processor in the United States,
provider. The cloud-based platform deploys rapidly will serve over 45,000 merchants processing more than
and will give the bank a highly scalable approach to $18 billion in annual card volume, Celero stated. “The
compliance management at a lower cost while utilizing Everest team deploys bundled technology solutions in
their established data provider accounts and multifactor the local communities it serves to help these businesses
preferences, linked2pay stated. achieve sustainable growth,” said Kevin Jones, founder,
and CEO of Celero. “Their approach and culture align
JCB, Datachain to build digital with our commitment to the SMB space, providing
currency exchange platform entrepreneurs with the technology and support needed
to compete and win.”
JCB Co. Ltd. and Datachain began a demonstration
experiment on interoperability between different block- Payroc to acquire SnapCheck
chains to build a digital currency exchange platform. In
the near future, various digital currency and circulation SnapCheck, a platform for business payments modern-
platforms are expected to be launched, the partners ization, agreed to be acquired by an investment group
stated, including those issued by the private sector in aligned exclusively with Payroc WorldAccess LLC. By
addition to the Central Bank Digital Currency. As exist- combining the transformative SnapCheck platform with
ing fiat currencies are widely exchanged, it is essential to Payroc’s ACHeck21 Fintech Cloud solution, the buyer
develop exchange functions that enable interoperability indicated it foresees the emergence of an entirely new
among digital currency platforms, they added. dimension in payments. SnapCheck is a high-speed,
highly secure and universally accepted solution dedi-
Nets, Ethoca aim to reduce chargebacks cated to eliminating paper checks, Payroc stated, adding
that it is an open-ecosystem platform for paying anyone
European payment service provider Nets and Ethoca, anywhere with the familiar form of a check, but without
a Mastercard company, formed a partnership to help all the problems inherent in paper.
reduce chargebacks, particularly in cases of friendly
fraud, which occur when a customer claims a legitimate Fortis acquires VIP Integrated Payments
charge as fraud—often because they do not recognize it
on their bank statement. The partnership will enable bet- Fortis, a payment and commerce technology provider,
ter sharing of confirmed fraud and dispute information, is expanding its enterprise resource planning and value-
along with rich purchase details, between Nets’ mer- added reseller channels by acquiring VIP Integrated
chant and issuer customers; by sharing this information Payments. VIP has been serving U.S.- and Canada-based
will improve the dispute resolution process, help reduce businesses for 25 years, offering merchants and B2B
chargebacks and create better customer experiences, the businesses native accounting software integration, credit
partners affirmed. card and ACH/EFT payments, automated settlement,
omnichannel connectivity, and a range of other financial
Unbanked, Toys for Tots team and commerce services on multiple technology plat-
up on crypto donations forms. Miah Green, CEO of VIP Integrated Payments,
and his full team will be integrated into the greater
Unbanked, which connects traditional enterprise and organization.
banking systems with blockchain, established a holi-
day fundraising program for Toys for Tots, an annual APPOINTMENTS
program run by the United States Marine Corps that
collects new, unwrapped toys and distributes them to
less fortunate children in local communities. Through Sarah Acton joins bill.com
the program, Unbanked hosted a crypto payment pro-
file that allowed people to donate in 28 different digital Bill.com hired Sarah Acton as its chief marketing offi-
currencies. Unbanked said it recently added this feature cer, reporting to the company's CEO and founder René
alongside its crypto-friendly debit card and global bank Lacerte. Recently, she led marketing and sales at Athos,
accounts to more seamlessly facilitate financial transac- a wearables company in the athletic performance space
tions using blockchain. where she drove the adoption of products across the
major professional sports leagues, elite collegiate teams
and key programs within the Department of Defense.
She was also responsible for marketing leadership at

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