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IndustryUpdate

a significant advancement in the use of embedded finan- provider that monitors web, network infrastructure
cial technology to boost the gig economy in the UK and and card transactions across the world. The addition
Ireland. The partnership aims to reduce the time that gig of Global NetWatch reinforces TSG’s commitment to
workers wait to receive their earnings while also allow- providing clients with impactful, value-added services,
ing them to control their finances in real-time. TSG stated, adding that a real need exists for payments
companies to monitor performance, benchmark against
Green Payments, OVE offer fingerprint pay competition and ensure SLAs are met. Global NetWatch
built a unique SaaS performance and monitoring plat-
Payment processor Green Payments partnered with form that drives synthetic traffic to simulate the end-
OVE Touch & Go, a fingerprint payment system devised user experience, the firm pointed out.
to make digital transactions secure, quick and easy.
Through its mobile application, OVE uses patented
sensors to charge customers through customized fin- APPOINTMENTS
gerprint sensors associated with a secure digital wallet.
Founded in 2014, Green Payments prides itself on hav- TD Bank recruits Christopher Fred
ing helped nearly 5,000 businesses build their financial
stability while generating more than $1 billion in con- TD Bank appointed Christopher Fred as head of U.S.
sumer payments each year. Green Payments plans to credit cards and unsecured lending (CCUL). Fred will
utilize emergent technologies like OVE Touch & Go to lead the strategic direction of TD's U.S. bankcard, retail
further customize payment options for merchants and card services and card partnerships business. He joins
customers. TD after nearly a decade with Citi, where he managed
the U.S. proprietary card portfolio, cardmember ben-
ACQUISITIONS efits, rewards program and new product development.
Fred's career includes time at Goldman Sachs, where he
led partnership initiatives and project management for
Rapid Finance acquires Thrive the Apple Card, and 15 years at American Express in a
variety of roles including product management, loyalty
Rapid Finance, which is focused on helping small busi- and acquisition.
nesses find sustainable, customized financing solutions
through a fast, simple application process, acquired Jesse Silverman joins Highline Technology
Thrive, a digital lending platform provider. Rapid
Finance said that as part of its recent corporate rebrand Jesse Silverman is the new general counsel for payments
and restructuring, this acquisition represents a signifi- fintech Highline Technology. Silverman brings almost 20
cant addition to the company’s new technology business years of legal expertise and industry experience to the
unit. Thrive added that its end-to-end digital lending team, Highline stated, including leading legal and com-
platform enables banks, nonbank lenders and credit pliance efforts for several fintechs, including LendUp,
unions to realize meaningful operational efficiencies Nuula, and Steady. He also served as an enforcement
through a streamlined origination process and more effi- attorney for the Consumer Financial Protection Bureau.
cient underwriting for both consumer and SMB lending. In his new role, Silverman will lead Highline’s contract
efforts with clients and partners while also serving as the
SHF Holdings completed Safe Harbor purchase company’s chief compliance and BSA officer, overseeing
consumer compliance standards and offering product
SHF Holding Inc, formerly known as Northern Lights development guidance.
Acquisition Corp., completed its acquisition of SHF LLC,
d/b/a Safe Harbor Financial, which offers compliance ETA taps Brian Yates
services to financial institutions serving the regulated
cannabis industry. Sundie Seefried, founder and CEO The Electronic Transactions Association hired seasoned
of Safe Harbor, said, “We are thrilled to complete this financial industry and government affairs professional
transaction and eager to continue scaling our business Brian Yates as its new senior director of state govern-
and expanding our offerings to meet the needs of the ment affairs. In this position, Yates will be responsible
cannabis industry in the United States." John Darwin, for executing the ETA's state legislative and regula-
Co-CEO of NLIT, stated, “With its established leadership tory strategies on behalf of its member companies.
position in cannabis-related compliance services and Directly prior, Yates served as a state lobbyist with
continued growth in its financial institution clients, this trade associations and at various private companies.
is an exciting time for Safe Harbor to become part of a He also spent four terms as a representative in the
Nasdaq-listed company.” Missouri House of Representatives, rising to chairman
of the House Insurance Committee, and vice-chair of
TSG acquires Global NetWatch the House Judiciary Committee. He holds a Bachelor of
Arts in political science and a Juris Doctorate from the
The Strawhecker Group, an analytics, intelligence and University of Missouri.
solutions-focused firm in the payments industry dis-
closed its acquisition of Global NetWatch, a software

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