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IndustryUpdate

provide fast payments to millions of its end-users who rate data sources and technologies that allow lenders to
can fund cards, wallets and other accounts with their understand SMB customers better and manage risk more
eligible debit cards. The Astra Platform is integrated via effectively, the partners noted.
API and allows builders to add payment functionality to
their applications without needing to handle additional Worldpay, Chargebacks911 combat fraud
compliance, capital commitments or operational costs,
Astra stated. Worldpay from FIS extended its partnership with dis-
pute technology provider Chargebacks911 by launching
Consumers can fund a new debit card in real-time, an enhanced range of Disputes Deflector products. These
transferring funds from an existing debit card through products, Worldpay stated, will provide merchants with
Visa Direct 24/7, which can lead to a smoother consumer a broader range of solutions to help reduce chargebacks,
onboarding experience, and the ability to start monetiz- lower costs and combat fraud. Chargebacks continue to
ing card transactions faster, Astra added. be a big issue for merchants, with a recent survey finding
65 percent of merchants had reported increased charge-
Blackhawk, Staffing Referrals back fraud in 20221. FIS said it is proactively trying to
automate digital rewards ease the chargeback burden by launching this enhanced
range of Disputes Deflector products.
Staffing Referrals, an automated referral management
solution for the staffing industry, is collaborating with ACQUISITIONS
Blackhawk Network, which allows staffing agencies to
automate payout of referral reward bonuses through
the Staffing Referrals platform. Blackhawk’s integrat- Global Payments to acquire Evo Payments
ed rewards platform, Rybbon, enables companies to Global Payments Inc., a provider of payment technology
quickly and easily send a selection of virtual gift cards and software solutions, and EVO Payments Inc., a pay-
for recipients to choose from, the partners stated. The ment technology integrations and acquiring solutions
reward selection can include gift cards for top brands company, revealed that Global will acquire EVO in an
across a variety of categories. Through the integration, all-cash transaction for $34 per share. The transaction is
Staffing Referrals customers can automate payout of expected to expand Global's geographic footprint into
referral reward bonuses so that brand ambassadors are geographies such as Poland, Germany, Chile and Greece,
always paid on time. as well as enhance its scale in the United States, Canada,

FuturePay taps MX for MyTab Mexico, Spain, Ireland and the UK. The acquisition,
Global noted, will also add accounts receivable automa-
Open finance company MX will now provide data cleans- tion software capabilities that complement Global's B2B
ing and instant account verification for FuturePay’s and accounts payable offerings, as well as bring Global
MyTab, a digital revolving credit platform for online key technology partners and proprietary integrations.
merchants and their customers. With MX, MyTab mer-
chants can deliver customers the frictionless ecommerce Jack Henry to acquire Payrailz
experience they’ve come to expect and ensure they can Jack Henry & Associates Inc. entered into a definitive
accurately confirm their identity and financial informa- agreement to acquire Payrailz, adding the company's
tion with seamless connections to financial data, the next-generation digital payment capabilities, including
partners stated. FuturePay also plans to leverage MX for real-time person-to-person payments, to Jack Henry's
additional data insights, such as credit worthiness, to payments ecosystem. Payrailz provides cloud-native,
drive even more sophisticated credit underwriting for API-first, AI-enabled consumer and commercial digital
ecommerce merchants and their customers. payment solutions and experiences that enable money to

Ranqx, Visa North America expand partnership be moved in the moment of need, JHA noted. Acquiring
Payrailz supports the company's technology strategy
Ranqx, a digital lending platform for lenders to small to that helps banks and credit unions innovate faster and
midsize businesses (SMBs), expanded its work with Visa meet the evolving needs of account holders, JHA stated,
into North America. Previously, New Zealand-based adding that it also reinforces the company's mission to
Ranqx worked with Visa in its Asia/Pacific region. Under strengthen connections between people and financial
the expanded arrangement, Visa will introduce financial institutions by reducing barriers to financial health.
institutions to Ranqx’s digital capabilities, helping direct
lenders provide easier access to much-needed capital Pep acquires Team4U
for SMBs and solve complex processing issues currently Polskie ePłatności (PeP), part of Nets/Nexi Group,
found in SMB credit underwriting, Ranqx stated. acquired a majority stake in Team4U, the owner of
Simapka, an app for owners of shops and service points.
Ranqx's system helps remove friction and inefficiency in The move follows several acquisitions made by PeP over
SMB lending by embracing new, real-time, more accu-
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