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IndustryUpdate

omnichannel capabilities for businesses and consumers. success. With over 30 years of financial services and
The solution also enables ISVs to integrate payment technology experience, Brandman will oversee post-
solutions quickly and offers a seamless experience for sale functions, including client onboarding, software
merchants across markets, they added. implementation, adoption and customer success. He
will focus on expanding Fenergo's business and helping
Mercury Financial, Amazon enhance convenience clients navigate regulatory challenges, such as KYC, BSA
and AML. His background includes leadership roles at
Mercury Financial, a payments and fintech provider, Salesforce, CIT, NYSE Euronext, UBS, Santander and
said it now allows cardholders to link their credit cards Credit Suisse. Fenergo CEO Marc Murphy expressed
to their Amazon wallet, enhancing the online shopping excitement about Brandman's deep domain knowledge
experience. This feature enables Mercury cardholders to and ability to build stronger client relationships.
seamlessly add their credit cards to their Amazon wal-
let and shop, earn, and redeem rewards points directly FlexCharge selects Kort Gibson
on Amazon.com and the Amazon mobile app, Mercury
noted. Jim Peterson, CEO at Mercury Financial, empha- FlexCharge, a payment platform, appointed Kort Gibson
sized the convenience and value these payment options as vice president of enterprise sales to enhance its lead-
offer in maximizing rewards points when shopping on ership team. In this role, Gibson will be responsible
Amazon. for accelerating growth and driving enterprise busi-
ness development across all industry verticals, while
Rapid Finance, LoanPro offer LaaS reinforcing the company's customer-focused vision.
FlexCharge's co-founders, Elio Vitucci and Ze’ev Shoval,
Rapid Enterprise, a division of Rapid Finance special- expressed their excitement about Gibson's extensive
izing in lending-as-a-service (LaaS) solutions, integrated experience in building sales teams, exceeding growth
its cloud-native loan origination software, Decisioneer, goals, and understanding the impact of fraud and pay-
with LoanPro's API-first lending and credit platform. ment declines on businesses. Gibson, who is credited
This integration offers increased flexibility and cus- with having played a key role in Midigator's success,
tomization for lenders, the partners stated. Decisioneer will lead global enterprise sales from San Diego.
streamlines the small business lending process by con-
necting lenders with real-time data, enhancing under- Gina Gobeyn succeeds Lance Johnson at PCI SSC
writing efficiency and reducing credit losses, they noted,
adding that the collaboration creates a seamless transi- Gina Gobeyn was appointed Executive Director of the
tion from loan origination to management, strengthen- PCI Security Standards Council (PCI SSC), effective
ing borrower relationships and allowing enterprise Jan. 8, 2024. Gobeyn, who previously held senior roles
clients to improve operational efficiency and create at Discover, brings extensive expertise in payment
tailored loan programs. data security to her new position. She succeeds Lance
Johnson, who served as Executive Director from 2017
ACQUISITION through 2023. Gobeyn will direct the strategic vision
of the PCI SSC and oversee its leadership team. Lib
de Veyra, chair of the council's executive committee,
Synchrony to acquire Ally's POS financing expressed enthusiasm for Gobeyn's appointment and
thanked Johnson for his many contributions.
Synchrony entered into a definitive agreement to
acquire Ally Financial's POS financing business, which John Lowe, Peggy O'Leary move up at CPI Group
includes $2.2 billion in loan receivables. This acquisi-
tion, Synchrony pointed out, will enable it to offer both John Lowe was appointed president and CEO at pay-
revolving credit and installment loans at the POS in the ment solutions provider CPI Card Group Inc. Lowe, who
home improvement sector, expanding its multi-product has been with the company since 2018 and most recently
strategy. It also strengthens Synchrony's presence in served as executive vice president, end-to-end payment
high-growth areas like roofing, HVAC and healthcare, solutions, succeeds outgoing CEO Scott Scheirman, who
Synchrony added. Ally expects the sale to improve its plans to retire. Lowe's appointment reflects his deep
CET1 ratio; Synchrony anticipates it will enhance earn- industry knowledge and leadership skills, positioning
ings per share in 2024. The transaction is expected to CPI Card Group for future growth and expansion into
close in the first quarter of 2024. digital opportunities, the company stated, adding that
Scheirman will serve as senior advisor during the transi-
APPOINTMENTS tion. In addition, Peggy O’Leary was promoted to senior
vice president, prepaid solutions and chief development
and digital officer. She has been with CPI since 2017,
Andrew Brandman joins Fenergo most recently serving as senior vice president of prepaid

Fenergo appointed Andrew Brandman as chief cus- solutions since late 2022.
tomer officer to drive global growth and enhance client

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