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IndustryUpdate

siderations and potential security concerns. Interested American Express, making Accertify an independent
parties can download the paper for free and learn about company. Accertify, a provider of fraud prevention and
participation in future projects through the Secure payment solutions, serves major retailers and global
Technology Alliance website, www.sta-uspf.org. companies in various sectors. Under this new owner-
ship, Accertify aims to accelerate growth and innova-
PARTNERSHIPS tion in fraud protection technology, Accel-KKR stated,
adding that it will leverage its resources and expertise
to support Accertify's growth strategy. Mark Michelon,
Finastra, OpenFin unlocking advanced UX president of Accertify, said he anticipates enhancing
customer value worldwide. The transaction continues
Finastra and OpenFin partnered to enhance Finastra's a partnership between American Express and Accertify,
Kondor treasury management system to improve user with Accertify remaining in Itasca, Ill.
experience and efficiency for banks. This collaboration
integrates OpenFin’s Workspace Anywhere technology Gallant unifies Fime, UL Solutions'
into Kondor, allowing access through web browsers or payments testing
as a desktop app, and supports personalized experiences
and unified dashboards, the partners stated. This evolu- Gallant Capital Partners acquired Fime and UL Solutions'
tion of Kondor leverages microservices, AI and cloud payments testing business, uniting their expertise under
capabilities to streamline treasury operations and risk the Fime brand. This acquisition expands Fime's global
management, they added, noting that the partnership reach and enhances its consultancy and testing services
marks a step forward in financial technology, making across payments, smart mobility and digital ID sectors,
Kondor a more intuitive, powerful tool for global finan- Fime stated. CEO Lionel Grosclaude, Fime CEO, high-
cial institutions. lighted the combination's role in supporting financial
inclusion and innovation, offering comprehensive ser-
NCR Voyix, Olo expand long-standing partnership vices from project ideation to launch. Fime noted that
NCR Voyix and Olo expanded their partnership to inte- it now operates in over 19 countries, adapting to trends
grate Olo's Order, Pay and Engage solutions into the like open banking and digital currencies, with Gallant
NCR Voyix Commerce Platform. The integration is live Capital Partners facilitating this growth phase.
now for Olo Order, with Pay and Engage to follow. The JanOne to acquire fintech ALT 5 Sigma
collaboration, the partners stated, enhances digital trans-
actions in the restaurant industry, which currently make JanOne Inc. agreed to acquire blockchain financial
up only 16 percent of total transactions. The integration technology provider ALT 5 Sigma Inc. and its subsid-
aims to provide restaurants with more data for per- iaries, with the closing anticipated in May 2024. ALT
sonalized guest experiences and support the industry's 5, founded in 2018, offers blockchain-powered fintech
shift to unified digital and physical interactions. Olo's solutions, including ALT 5 Pay, a cryptocurrency pay-
ecosystem and NCR Voyix's platform together accelerate ment gateway, and ALT 5 Prime, an OTC trading plat-
digital transformation, the partners stated. form for digital assets. The acquisition involves issuing
1,799,100 shares of JanOne common stock and 34,207
Visa, J.P. Morgan to collaborate using Visa Direct shares of Series B preferred stock. ALT 5 said it aims to

Visa Inc. and J.P. Morgan Payments are collaborating to leverage JanOne's public listing for further growth and
enhance merchant experiences and empower cardhold- expansion.
ers through faster domestic payments in the United Nayax acquires VMtecnologia
States using the Visa Direct network. This partnership
will enable J.P. Morgan Payments, which processes over Nayax Ltd., a global commerce and payments platform,
$10 trillion daily in 160+ countries in 120 currencies, completed its acquisition of VMtecnologia, a Brazilian
to integrate faster payment solutions, improving pay- technology provider for automated self-service. This
ment processes, liquidity management and customer move, valued at around $22 million, with potential to
convenience, the partners stated. The collaboration, they reach $27 million, marks Nayax's expansion into Latin
added, also aligns with both companies' commitment to America. VMtecnologia, serving over 2,400 retailers
innovation and seamless money movement, enhancing across Brazil, brings significant revenue and a strong
the financial ecosystem. market position, Nayax stated. Nayax aims to enhance
the Brazilian market with its technology and expertise,
ACQUISITIONS expecting synergies to boost revenue and operational
efficiency under the leadership of VMtecnologia's CEO
Eduardo Muniz.
Accel-KKR acquires Accertify from AmEx

Accel-KKR, a technology-focused private equity firm,
completed the carveout acquisition of Accertify from

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