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IndustryUpdate

NMI acquires Agreement Express
payment solutions

NMI, a commerce enablement technology company,
acquired Agreement Express payments solutions,
including onboarding, underwriting and risk moni-
toring capabilities designed for current and emerg-
ing leaders in financial services. The joint offering
enables ISV, ISO and fintech partners to sign up and
monetize merchants more quickly and easily, NMI
stated. Through this acquisition, Agreement Express
expands NMI’s capabilities by providing ISVs, ISOs
and fintech partners with customizable risk scoring,
automated data collection, compliance monitoring,
ongoing Know Your Customer, anti-money launder-
ing, and fraud screenings, the company noted, while
further strengthening NMI’s vision to enable pay-
ments from sign-up to payout.
VersiTech LLC acquires Ordyx POS

VersiTech LLC, a provider of restaurant POS software
and hardware acquired Ordyx POS, which offers
cloud-based, mobile POS solutions. The companies'
joint goal is to serve customers and dealers with a new
generation of POS technology that makes restaurant
operations more efficient and profitable, VersiTech
stated. The company further stated it developed the
only custom suite of products made specifically for
servers, bartenders, chefs and general managers.
Ordyx POS developed a state-of-the-art POS solution
for the food service industry, and the first cloud-based
POS in the United States, VersiTech noted, adding that
Ordyx offers a cloud-based POS solution with redun-
dancies built in to handle the cloud going down, so
that when the internet goes down Ordyx continues to
function as if nothing happened.
APPOINTMENTS

ConnexPay hires Blair Jeffery

Payments technology company ConnexPay appointed
Blair Jeffery to the role of chief operating officer.
Describing Jeffery as a titan in the payments indus-
try, ConnexPay said he brings with him more than
20 years’ experience, having previously served as
CEO at Vertical, executive in residence at LLR Equity
Partners, and COO of Noventis from 2010 through
the acquisition by WEX. During his tenure there, he
managed a network of more than 5,000 bank relation-
ships and 250,000 suppliers. He has also held senior
operations and business development roles at other
companies across the payments and fintech spheres.
In his new role, Jeffery will lead all of the company’s
core strategic and operational teams.

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