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IndustryUpdate

PARTNERSHIPS Galileo, MC expand BNPL offerings

Inpartnership with Mastercard, Galileo Financial
Bluefin, Invenco team up on P2PE solutions Technologies, owned by SoFi, launched Galileo Buy
Now, Pay Later (BNPL) for lenders to provide to small
Bluefin partnered with Invenco by GVR to offer PCI and midsize business (SMB) clients. This enables banks
validated point-to-point encryption (P2PE) solutions for and fintechs to offer installment financing options to
the retail petroleum forecourt in North America. Bluefin SMBs, addressing their need for more flexible financ-
stated it will provide its tailored P2PE solution, inte- ing solutions, the partners stated. With the Galileo loan
grated into Invenco by GVR's FlexPay IV and FlexPay management platform, lenders can customize install-
6 outdoor payment terminals. P2PE can significantly ment payments, oversee repayment, assess interest and
reduce PCI DSS compliance requirements and scope for fees, and provide optional credit reporting, offering
POS environments, enhancing security and reducing the SMBs easier access to capital to meet rising costs and
risk of data breaches for convenience stores and fueling manage cash flow, they added.
forecourts, the partners noted.
PayNearMe, Accertify focus on iGaming
BlueSnap, Retail Realm tackle
payment orchestration With the goal to provide a comprehensive fraud preven-
tion solution for clients in the iGaming space, PayNearMe
BlueSnap partnered with Retail Realm to provide and American Express subsidiary Accertify partnered to
Microsoft Dynamics 365 users with a global payment integrate fraud prevention technology into PayNearMe's
orchestration platform. This platform enables businesses MoneyLine Platform for iGaming and sports betting
to create dynamic global payment experiences for cus- operators. The integration allows operators to detect and
tomers while increasing payment ROI, the partners said. reduce fraudulent fund withdrawals, enhance player
BlueSnap's solution includes a network of global banks, identity verification and automate withdrawal approv-
payment optimization tools, multiple shopper cur- als, PayNearMe stated, adding that Accertify's technol-
rencies, various payment types, compliance solutions, ogy improves acceptance rates of debit and credit cards,
reporting, and chargeback and fraud management, reduces deposit declines and safeguards against account
BlueSnap stated, adding that Microsoft Dynamics 365 takeovers and promotional abuse.
users can optimize local and global payments, improv-
ing sales, reducing costs and tailoring value-added ser-
vices to their market. ACQUISITIONS
Castles Technology, Worldline Celero Commerce acquires Finical
to deploy Android solutions
Celero Commerce, a U.S. non-bank payment proces-
Castles Technology, a payment solutions provider, sor, acquired Finical, an electronic payments technol-
partnered with Worldline for its first international ogy provider based in Dallas. This acquisition expands
deployment of Android payment terminals and services. Celero's processing capabilities, enabling it to handle
According to Castles, the collaboration enhances its posi- approximately $25 billion in annual card volume, Celero
tion in the EMEA region, as the third-largest global pro- stated. Finical specializes in delivering tailored payment
vider, and supports its growth in other regions. Castles solutions and support to SMBs. The acquisition of Finical
added that it has more than 30 years of experience and is marks Celero's tenth acquisition since its launch in late
known for secure, innovative payment solutions, and the 2018 and aligns with its goal of providing innovative
partnership enables Worldline to expand its payment technology and services to SMBs, Celero added.
processing capabilities and deploy customized business
applications for merchants using Castles' Android POS NMI acquires Sphere's commercial division
solutions across 150+ countries
NMI, a commerce enablement technology compa-
Deluxe, Aliaswire to modernize bill pay ny, reported that it acquired the Sphere Commercial
Division, bolstering its underwriting and risk manage-
Deluxe, a payments and data company partnered with ment capabilities. This acquisition, NMI stated, will
fintech Aliaswire to introduce Aliaswire's DirectBiller enable its partners, including independent software ven-
bill payment technology across the Deluxe network. The dors and fintech innovators, to create merchant accounts
collaboration aims to digitize more business payments within the existing NMI platform. It allows NMI part-
by enhancing digital processing solutions, allowing ners to offer more payment capabilities to their mer-
businesses to send bills, accept payments and access chants, increasing flexibility in payment solutions, NMI
funds according to their preferences. DirectBiller's inte- noted, adding that Tom Bannon, COO and president of
gration into the Deluxe platform strengthens its capabili- Sphere Commercial Division, will join NMI as the senior
ties and widens its outreach, serving a broader range of vice president, partner monetization.
clients, the partners stated.

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