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IndustryUpdate

are interested in using their vehicle as a digital wallet Sound Payments platform integrates
for payments; 54 percent would enable this feature if with NEXGO hardware
available. Additionally, 59 percent of respondents in the
study are familiar with the term "connected vehicle," and Sound Payments and NEXGO partnered to integrate
49 percent currently use at least one connected service. NEXGO's Smart POS N82 with Sound POS to provide
The findings suggest growing consumer interest in digi- merchants with more hardware options. The N82 device,
tal payments and connected vehicle technology. featuring a built-in printer and rechargeable battery,
enhances portability and flexibility for merchants, while
PARTNERSHIPS maintaining security and performance, the partners stat-
ed. Andrew Russell, CEO of Sound Payments, empha-
sized the partnership’s value in expanding options for
Lucinity, Sift team up for fraud, AML management resellers and merchants. Patricia Love, COO of NEXGO,
highlighted the synergy between NEXGO’s hardware
Lucinity and Sift partnered to unify fraud prevention and Sound POS software. By the end of 2024, the part-
and anti-money laundering efforts within Lucinity's ners noted, Sound POS will incorporate more smart
integrated FinCrime compliance platform. This partner- devices from NEXGO.
ship is designed to help fragmented systems and busi-
nesses combat financial crime threats more effectively Troc Vélo picks Mangopay for online payments
and efficiently. Sift, an AI-powered fraud detection
platform, said it processes over 1 trillion identity signals Troc Vélo, a second-hand bicycle marketplace in France,
annually to prevent fraud. This collaboration enhances partnered with Mangopay to enhance its payment pro-
Lucinity's case management system, enabling real-time cess. This collaboration improves user experience by
fraud screening, automatic payment holds and stream- providing secure, seamless transactions between buyers
lined reviews of flagged payments, the partners stated. and sellers, Troc Vélo stated. Mangopay, the partners
Teams can customize fraud detection parameters and noted, manages the entire payment flow, ensuring funds
leverage Lucinity's generative AI for efficient investiga- are stored until both parties finalize the sale, adding
tions. trust and protection. The integration, they added, com-
pleted in just three months, supports Troc Vélo’s growth
PNC, Plaid enter data access agreement by removing key barriers to second-hand purchases and
enhancing transaction security. According to Troc Vélo,
PNC Financial Services and Plaid formed a data access this marks a new era for the company, benefiting cycling
agreement, enabling PNC customers to securely con- enthusiasts and promoting sustainable product reuse.
nect and share financial data with their preferred apps
through Plaid, the partners disclosed. Using Akoya as
its API provider, PNC ensures customers can control ACQUISITIONS
their data access without sharing login credentials, PNC
stated, adding that this partnership enhances security, Benjamin Capital buys New Thing Co.
privacy and ease of use for PNC customers. Both PNC
and Plaid noted they aim to transition the industry away To enhance its cash rewards app, Benjamin Capital
from credential-based access, supporting a more secure Partners acquired New Thing Co., an Austin-based firm
and controlled financial experience for users of third- known for its augmented reality rewards tool. This
party apps. acquisition will integrate New Thing's AR technology
into the Benjamin rewards app, allowing users to gener-
Relay Payments integrates with Love's Travel Stops ate Benjamin Money Moments through everyday activi-
ties like purchases, gaming and ads, Benjamin stated.
Relay Payments, a fintech company focused on modern- New Thing co-founders, Aubrey Johnson and Jason
izing payments for the trucking industry, integrated Bender, will join Benjamin in key leadership roles. The
with Love's Travel Stops, expanding its fraud-free digital acquisition coincides with a $13 million capital raise,
payment network. Relay reported that its fuel payments boosting Benjamin’s growth to over 900,000 active users
solution, launched in 2023, is trusted by over 400,000 and $4 million in monthly recurring revenue, the com-
drivers and 100,000 carriers for secure over-the-road pany noted.
payments, including fuel, scales and lumpers.
Globant to acquire payments
With customers like Schneider and Old Dominion, Relay consultancy Blankfactor
has processed millions of transactions with zero fraud,
the company attested, adding that this partnership with Globant acquired Blankfactor, a U.S.-based IT consulting
Love’s enhances Relay’s nationwide network, offering firm specializing in payments, banking and capital mar-
carriers improved security, efficiency and 24/7 customer kets. Blankfactor, founded in 2016, said it has rapidly
support. grown by delivering consulting-led product engineer-
ing, data engineering and enterprise AI solutions.

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