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IndustryUpdate

solution as an alternative payment method, further Currencycloud, we can support our clients and partners
promoting financial inclusion for unbanked and cash- to further reduce the pain points of cross-border pay-
focused consumers to pay their bills online, Paysafe ments and develop great user experiences for their cus-
stated, adding that as an accelerator of digital transfor- tomers."
mation, OSG facilitates transactions across such indus-
tries as property management, utilities, municipalities APPOINTMENTS
and financial services, as well as bills. The addition of
Paysafecash to OSG's B2C transactional suite will help CheckAlt strengthens leadership team
businesses provide a payment option that is safe, con-
venient, and has no potential for chargebacks, Paysafe Payment processing solutions provider CheckAlt hired
noted. Rachel Book as chief people officer, as well as industry
experts Laurence Dunne, Adam Halliday, Joanne Kaelin,
Wnet welcomes PSCU as new corporate partner and Chuck Ross to support its growth trajectory. With
more than 20 years in talent acquisition and human
Women's Network in Electronic Transactions (Wnet), a resources roles, Rachel Book's depth of experience in
nonprofit organization serving professional women in bringing effective, inclusive people practices to life
the payments and fintech industries, welcomed PSCU at companies including Stryker, Fidelity Investments,
to its membership community. PSCU, a credit union Bloomberg LP, and AT&T sets the stage for her new role
service organization, partners with credit unions to as CheckAlt's chief people officer, the company noted.
help them grow and meet evolving member demands.
"Through this new corporate partnership with Wnet, Laurence Dunne joined CheckAlt as director of product
PSCU further demonstrates their commitment to their management, utilizing his more than 20 years working
female employees, the advancement of women, and in product management for fintech companies—includ-
diversity and inclusion in the industry," noted Wnet ing Intercept Merchant Services, FIS, and NTT Data—to
CEO Wendy Holliday. "These efforts, and this new part- oversee CheckAlt's API library and its continued invest-
nership, support our vision of a world where a woman's ment in value-added APIs. Working closely with Dunne,
potential is as unlimited as her ambition." As part of Adam Halliday brings 25 years of product management
Wnet's 2021 Strategic Priorities—led by Wnet President experience in fintech to his new role as senior product
Mary Uslander, senior vice president at Fiserv—expand- manager, having previously championed automation,
ing into the credit union space supports Wnet's goal of technology integrations, and APIs at Fiserv.
reaching more women in the paytech space.
Joanne Kaelin spent more than two decades at JPMorgan
ACQUISITIONS Chase, most recently as the vice president and proposal
group manager. And CheckAlt's new senior vice presi-
FDCTech to acquire AD Advisory Services dent of process improvement, Chuck Ross, has more
than 30 years of experience managing lockbox opera-
Fintech company FDCTech Inc. entered into a sales tions, customer service and implementations at PNC
purchase agreement under which it will acquire a 51 Bank and, most recently, U.S. Bank.
percent equity interest in AD Advisory Services Pty Ltd.
in a stock-for-stock transaction. Under the agreement's WIT appoints new board, advisory council
terms, ADS will receive 45,000,000 shares of FDC com-
mon stock, representing an equity value of approxi- Women in Technology added the following executives
mately $3.15 million based on a $0.07 per share price. to its board and advisory council: Marva Bailer, senior
Accordingly, FDC will receive 62,450,000 ADS shares manager at Global High Tech Vertical at Amazon;
representing 51 percent of the current outstanding Marcia Calleja-Matsko, vice president and chief informa-
equity interest and voting power of the ADS common tion officer at Avanos Medical; Holly Ma, vice president,
stock. The boards of directors of the parties involved Data Engineering at Cox Automotive; Cecilia Mao, chief
have approved the transaction as well as the shareholder product officer at Equifax; Christina Setzer-Poole, execu-
of ADS. tive vice president–business services delivery group
at Global Payments; and Kanyatta Walker, vice presi-
Visa completes acquisition of Currencycloud dent–operational excellence at Cisco. WIT also heralded
its new executive committee: Patti Dismukes, director,
Having divulged its intention to acquire Currencycloud sales, Cognizant Softvision, and WIT board president;
in July 2021, Visa completed the transaction in December. Tracy Aldworth, senior vice president ecommerce and
Currencycloud is a cloud-based platform for B2B cross- digital, Republic National Distribution Co., WIT board
border payments. "The acquisition of Currencycloud president elect; Andra Milender, chief technology officer
is another example of Visa executing on our network US business division, Equifax, WIT board vice presi-
of networks strategy to facilitate global money move- dent–finance; Amy Vasquez, senior vice president, stra-
ment," said Colleen Ostrowski, Visa's global treasurer. tegic accounts, 3Ci an MAU Co., WIT board secretary;
"Consumers and businesses increasingly expect trans- and Tracy Garner, vice president, AT&T (retired) and
parency, speed and simplicity when making or receiv- WIT board chair.
ing international payments. With our acquisition of
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