Page 16 - GS230202

IndustryUpdate

Transcard, Coforge team up Diane Faro named CEO at Savify

Transcard partnered with Coforge to help organizations Diane Faro, the new CEO at Savify, has spent her five
digitize and simplify their payments to achieve better decades in the financial services industries determined
business outcomes. Transcard offers SMART Suite, a to grow companies and lead people. She has particular
cloud native platform that the company said supports experience in determining appropriate strategies and
any digital payment method for any business applica- increasing revenue as an executive and entrepreneur,
tion; integrates seamlessly into any legacy accounting Savify said, adding that her industry experience and
software, enterprise resource planning (ERP) application previous CEO roles position her to lead Savify.
or system or record; and connects with any client bank
account, eliminating the need to set up or pre-fund a Having served as Savify's president since 2014, Faro is
new bank account to disburse electronic payments. expected to bring a fresh, innovative approach to the
C-Suite at Savify, with a renewed focus on ensuring the
Coforge stated it is a global digital services and solutions company's benefits portal remains cutting-edge. Faro is
provider that leverages emerging technologies and deep also a co-founder of PayTech Women, formerly Wnet, a
domain expertise to deliver real-world business impact national organization that offers networking and growth
for its clients. opportunities for women in the fintech industry.

ACQUISITION Kellen, Martinez, Onofre
the new directors at VizyPay

SEON acquires Complytron VizyPay, a payment processing fintech, expanded its
leadership team with the addition of Director of ISO
International fraud prevention company SEON acquired Partnerships Ricky Onofre, Regional Director Tod Kellen
compliance and anti money-laundering (AML) specialist and Regional Director Erik Martinez. Together they will
firm Complytron. The acquisition instantly adds AML bring VizyPay’s services across the Midwest by deliver-
capabilities to SEON’s fraud fighting toolkit and signals ing transparent, cost-saving payment processing ser-
a new focus on holistic "fincrime" prevention for the vices to small town businesses, VizyPay stated. As direc-
growing business, SEON stated. tor of ISO partnerships, Onofre will maintain strong
relationships with key decision makers within the sales
As a result of the acquisition, SEON now offers a vital and payments space and identify new opportunities for
single source for FinCrime intelligence combined with ISO partnerships.
decision functionality to help address evolving regula-
tory requirements, SEON noted, adding that the deal, Kellen and Martinez join VizyPay as industry veter-
which officially completed in January 2023, also signifies ans, bringing over 50 years of combined experience to
SEON’s impressive expansion since its record-breaking foster the relationships within their respective regions.
$94 million Series B investment in early 2022. The two will develop B2B sales force teams and have a
hand in disrupting the payments space by leveraging
APPOINTMENTS VizyPay’s premier offerings. Kellen is a board member
of the Midwest Acquirers Association.
Bluestar's Bivins to retire, Girvin steps up Tim Murphy appointed ID-Pal board chair
BlueStar disclosed that Doug Bivins, current chief oper- Global identity verification provider ID-Pal appointed
ating officer, will retire effective July 1st, 2023. He will Tim Murphy as the new independent chairperson of
remain on BlueStar’s board of directors. During his its board of directors. Currently the principal director
tenure, Bivins helped orchestrate the company's global at mergers and acquisitions advisory firm Guacamole
expansion, including seven acquisitions in Europe, over- Partners Ltd., Murphy was an early investor in ID-Pal
saw operational expansion via new facility construction, and has been a non-executive board member since 2017.
and forged a foundation of innovative capabilities by He has widespread experience investing in and advis-
bringing automation to its global warehouse functions. ing startups along with serving as an executive and
independent director in several financial services firms,
Upon Bivins' departure, Ryan Girvin will assume the ID-Pal stated.
role of chief operating officer. Girvin joined BlueStar
in 2001 as corporate controller for the Americas before A qualified accountant, Murphy oversaw the expan-
being promoted to vice president of finance and, ulti- sion of BNY Mellon in Ireland before holding several
mately, CFO. Before joining the company, he served four executive roles in the fintech space. Murphy is also cur-
years as an auditor with J.D. Cloud and Co. Currently, rently the independent chair of Geneva Ireland Financial
in addition to the role as CFO, he serves on BlueStar’s Trading.
board of directors.

16