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IndustryUpdate

gration of EZ SecurePay into ReCo's including annual plans, budgets and forecasts. Reporting directly to CEO Eric
existing infrastructure, known as Youngstrom, Kelly's appointment aligns with Onramp's mission to support
ReCo Anywhere, has enhanced the ecommerce merchants in achieving their business goals, the company stated.
FinTech software solution, improv- Previously, Kelly served at Dell Financial Services LLC for nearly 20 years,
ing user experience, optimizing leading strategic initiatives to enhance profitability. Onramp provides financ-
transactions and enhancing security, ing to ecommerce businesses, aligning with their sales cycle needs.
ReCo stated. This strategic move,
ReCo added, allows ReCo to broaden Socure expands leadership team
its reach within the government sec-
tor, simplifying online and in-person Socure recently appointed three new executives: Arun Kumar, chief technol-
payments for utilities, taxes, licenses, ogy officer; Katia Mar, senior vice president marketing; and Steve Rooney,
fuel, and more. Jeff Brodsly, CEO senior vice president global sales. According to Socure, these appointments
of ReCo and 100GROUP, empha- signify the company's commitment to innovation and leadership in digital
sized the company's commitment identity verification and fraud prevention. Socure CEO Johnny Ayers em-
to enhancing financial efficiency for phasized the collective expertise of these leaders as an accelerant in Socure's
municipalities and improving service journey to redefine the landscape of digital identity verification and fraud
delivery. prevention globally.
Visa to acquire majority Kumar brings expertise from his roles at Luma Financial Technologies, Citadel
Interest in Prosa and Amazon, enhancing Socure's position in AI-driven identity and fraud
solutions; Mar, with a background in cybersecurity and marketing roles at
Visa is set to acquire a majority stake Onfido, Sift and Thomson Reuters, will elevate Socure's brand presence and
in Mexican payments processor align sales and marketing strategies; and Rooney, from NICE Actimize and
Prosa to boost secure digital pay- with decades of experience in fintech sales and fraud solutions, will optimize
ments adoption in the country. Prosa Socure's go-to-market strategy, Socure note.
will maintain its independence and
technology infrastructure while ben-
efiting from Visa's global network
and expertise, Visa stated, adding
that Prosa will continue offering
brand-agnostic solutions under its
current leadership. The deal is sub-
ject to regulatory approvals and due
to close in the second half of 2024.
Visa's investment is expected to en- PAYMENT FORM GENERATOR
hance Mexico's payment ecosystem,
offering innovative solutions and
driving competition while enabling
Prosa to enhance services, including EASY TO USE:
real-time payments and fraud risk
management. We Host Page

APPOINTMENTS Pay Link

Mike Kelly joins Onramp Funds Embed Code

Mike Kelly, a finance veteran with
over 25 years of experience, joined Inventory
Onramp Funds as head of finance.
In his role, he will manage creditor Level Ill
relationships, develop new credit
ACH
facilities and ensure that the On- ACH
ramp team has the necessary tools
for risk management, analytics,
sales and marketing teams to meet C A L L F O R T R A I N I N G
their growth targets. Additionally,
he will oversee accounting, as well 8 0 0 - 2 9 6 - 4 8 1 0
as financial planning and analysis,

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