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IndustryUpdate

with IADs adding over 17,000 ATMs in 2022, constitut- Payroc, Konnectryx to facilitate decision-making
ing an 18 percent global share. Their growth is attributed
to diverse strategies like partnering with retailers and Payments platform Payroc stated it partnered with
targeting tourist or underserved areas. While the United Konnectryx, a software development company that
States remains the largest IAD market, researchers found amalgamates data from various cloud platforms into
that U.S. growth has plateaued. NCR's acquisitions, a unified management system, enabling businesses to
they added, made it the global IAD leader. In addition, accelerate decision-making by accessing trends in one
collaborations between banks and IADs, like ATM-as-a- place. This partnership, Payroc noted, allows Konnectryx
service agreements, are addressing industry challenges clients to integrate Payroc's end-to-end payment pro-
and expanding reach, researchers stated. RBR also found cessing, enabling businesses to securely accept payments
increased sophistication in IAD ATM functionalities, both online and offline, and the collaboration under-
especially in countries like Poland. scores a commitment to customer-focused solutions that
optimize business efficiency and foster growth.
PARTNERSHIPS PULSE, FICO extend fraud detection partnership

PULSE, a Discover Financial Services company, extend-
Aevi, Bleu to deliver touchless payments ed its partnership with analytics software provider

Aevi, a payment solutions provider, partnered with tech FICO. Together, the partners stated, they offer leading
provider Bleu to introduce tap-to-pay functionality for fraud-detection technology, benefiting financial insti-
merchants in North America and Europe. This alliance, tutions, merchants, and consumers, and the extended
the partners believe, will revolutionize payments on collaboration will further enhance PULSE's DebitProtect
iPhone and Android. Bleu will use Aevi’s cloud-based suite, using advanced solutions from FICO Falcon Fraud
payment platform to enable payment companies in Manager. The deployment leverages data from 9,000
these regions with Aevi's payment technology. This col- financial institutions. In addition, PULSE incorporated
laboration, the partners added, ensures merchants can FICO's latest fraud model, which distinguishes between
effortlessly accept touchless payments on both major card-present and card-not-present transactions, which
operating systems, enhancing the checkout experience. better detects fraudulent ecommerce activities, crucial
Combining Aevi's platform and Bleu's tech know-how, in an era of rising digital payments and corresponding
the partners anticipate delivering unparalleled conve- fraud attempts, the partners noted.
nience through a single integration, eliminating the need
for complex systems. ACQUISITION

Felix Pago, SEON aim to improve cross-border trust
InComm Payments acquires Zenda
U.S. fintech Felix Pago, which is focused on remittance
payments, notably for Latino immigrants, integrated InComm Payments acquired Zenda, a developer of
SEON's phone and email lookup tool to reduce fraud health savings account (HSA) and flexible spend-
rates and improve user detection, enhancing transac- ing account (FSA) platforms. This acquisition marks
tional confidence by 90 percent, according to the part- InComm's entrance into the employer health benefits
ners. SEON's solution uses WhatsApp to authenticate sector, enhancing its position in the healthcare pay-
users via chatbots before enabling cross-border digital ments arena, InComm said. Zenda's unique HSA and
payments. Aiming to support Felix Pago's broader mis- FSA solutions utilize AI to automate IRS rules and
sion to serve immigrant communities, SEON's friction- manage accounts efficiently, and its self-driving HSA
less tool was ideal for customers with limited digital and FSA tools streamline expense-tracking and record-
footprints, many of whom primarily use platforms like keeping, offering automated receipts and guidance for
WhatsApp, SEON noted. account holders, InComm noted. Additionally, Zenda's
integrated debit card system ensures correct routing of
PayNearMe recruits Dollar General medical expenses, simplifying financial management for
employees, the company added.
Fintech company PayNearMe reported that Dollar
General joined its network of retailers, thereby enabling APPOINTMENTS
PayNearMe clients' customers to facilitate cash pay-
ments at more than 19,000 Dollar General stores in 47
states across the country. The expansion, PayNearMe Chris Baker has new role at POSaBIT
noted, is powered by its partnership with InComm
Payments, and with the addition of Dollar General, POSaBIT Systems Corp., a fintech catering to cash-only
PayNearMe's cash network now exceeds 60,000 retail businesses, appointed Chris Baker—previously the com-
locations nationwide. pany's chief strategy officer—as its new chief operations
officer. Since joining POSaBIT in 2022, Baker has been
pivotal in its growth and strategic direction, according

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