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IndustryUpdate

RBR: Multifunction ADTs gaining ground suppliers via ACH and virtual card, which will reduce
the back-office burden of paper checks, the stated, add-
According to RBR, deployers are replacing ATMs with ing that integrated AR and AP solutions will be offered
multifunction automated deposit terminals (ADTs) due through a single API and single portal, enabling busi-
to a range of factors. These include cost-cutting, instant nesses to interact with customers and vendors in a sim-
account crediting, transaction data collection and a plified and efficient manner.
better experience for customers. RBR's recent report,
Deposit Automation and Recycling 2022, revealed that
the number of ADTs worldwide grew by 1 percent in ACQUISITIONS
2021, reaching 1.6 million. The growth is being driven
by recyclers, which now account for 65 percent of all Celero acquires OMEGA
automated deposit terminals. While the total number of
ATMs installed worldwide continues to fall in response Celero Commerce, a nonbank payment processor,
to increasing reliance on cashless payment methods, the acquired electronic transactions processor OMEGA
number of ADTs is forecast to grow by 8 percent to 1.7 Technology. With the addition of OMEGA, Celero stated,
million by 2026, as deployers replace single-function it will serve over 50,000 merchants processing approxi-
cash dispensers with multi-function ADTs, RBR noted. mately $20 billion in annual card volume. Founded in
2003, OMEGA provides electronic payments solutions,
PARTNERSHIPS business analytics and software solutions for small busi-
nesses and financial institutions nationwide. The acqui-
sition of OMEGA follows Celero’s Dec. 15 acquisition of
Cardlytics, Payfare launch rewards program Everest Payment Solutions and is the company’s eighth
acquisition since its launch in 2018.
Payfare Inc., a fintech powering instant payout and
digital banking solutions for gig workers, launched a ClearSale gains Beta Learning, ChargebackOps
new rewards program powered by Cardlytics. Payfare
cardholders can now earn cash back when they shop Ecommerce fraud protection company ClearSale
thousands of local and national brands, Payfare stated. acquired software company Beta Learning Consultoria e
Marco Margiotta, CEO of Payfare, added, "Our partner- Desenvolvimento de Software LTDA for an initial invest-
ship with Cardlytics will enable gig workers to earn even ment of R$ 40.1million (Brazilian real), or approximately
more, with relevant cash back rewards on the things they USD $7 million, and two more installments of approxi-
need and regularly spend money on to be successful mately USD $2.25 million, contingent and variable based
entrepreneurs." This integration furthers Payfare's mis- on the company's performance in the next 24 months.
sion to support the global gig workforce, the company ClearSales stated the acquisition accelerates its research
added. and development resources and drives growth objec-
tives since launching its IPO last July. The purchase also
Factor4, Maverick team up on gift cards helps maintain focus on combining forward-thinking
products with the ClearSales team of fraud analysts to
Factor4 LLC, a provider of gift card and loyalty solu- provide unmatched protection for online merchants, the
tions, partnered with financial technology company company added.
Maverick Payments to enable ISOs and agents to provide
merchants with an omnichannel gift card solution that ClearSale also expanded by acquiring enterprise charge-
is fully connected to Maverick's payment processing. back management service provider ChargebackOps,
It allows merchants to sell gift cards directly from their which was originally responsible for Visa’s charge-
Shopify and WooCommerce stores, the partners stated. back management services provided by CyberSource.
Ben Greifer, COO of Maverick, stated, "The expertise, Dwindling investment in the group led the core team
customer service and cutting edge technology that to create their own offering in 2015, which provides
Factor4 offers clients combined with the lightning-fast a collaborative approach to chargeback management.
onboarding of the Maverick Dashboard is a huge win ChargebackOps serves a roster of enterprise clients,
for sales agents." including Columbia Sportswear, Chico's and Tractor
Supply Co.
Transcard, Paya partner on accounts payable
Payment solutions provider Transcard partnered with NCR completes LibertyX purchase
Paya, an integrated payments and commerce solution Enterprise technology provider NCR Corp. completed
provider. Through the integration of Transcard’s tech- its acquisition of LibertyX, a cryptocurrency software
nology and banking infrastructure, Paya will expand its provider. LibertyX is expected to accelerate NCR's abil-
B2B commerce solution suite with a best-in-class, fully ity to rapidly deliver a complete digital currency solu-
integrated accounts payable module and supplier net- tion, including the ability to buy and sell cryptocurren-
work, the partners noted. Paya’s customers will be able cy, conduct cross-border remittance, and accept digital
to seamlessly send payments, with rich data, to their currency payments across digital and physical channels.

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