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IndustryUpdate

Services, the partners noted, adding that DynaProx streamline deposit account openings and reduce median
supports contactless EMV payments, NFC wallets and retail onboarding time to under five minutes. With 112
barcode scanning. The transition from TDEA to AES-256 financial institution clients, MANTL has reportedly
is automated through RMS to strengthen security while helped raise $31 billion in deposits since 2016. Alkami’s
maintaining fast transactions. digital banking, data and marketing solutions will
integrate MANTL’s capabilities to enhance customer
Identifee now a Nacha Preferred Partner engagement and acquisition. The deal is expected to
close by March 31, 2025.
Identifee was named a Nacha Preferred Partner for ACH
Experience, recognizing its role in enhancing ACH com- AmEx to acquire software company Center
pliance and usability. Identifee's AI-powered Identifee
Digital Assistant integrates Nacha’s Operating Rules American Express agreed to acquire Center, a software
and Guidelines, providing instant answers to compli- company specializing in modernizing expense manage-
ance questions for smoother ACH payment operations, ment. By integrating Center’s technology and team,
Nacha stated. Identifee CEO Vram Ismailyan empha- Amex aims to streamline expense tracking, automate
sized the company's mission to empower financial insti- accounting and enhance decision-making for businesses.
tutions with AI-driven solutions. Nacha President Jane AmEx believes the acquisition will create a seamless
Larimer praised the partnership for improving ACH platform combining its commercial cards with Center’s
Network quality. Identifee said it will continue modern- software, offering mobile-friendly expense management,
izing how financial institutions engage with Nacha’s automated workflows and compliance tools. The deal is
rules and guidelines through secure AI. expected to close in the second quarter of 2025, pending
customary conditions.
PXP, Snowflake to disrupt merchant analytics
Flywire acquires Sertifi
Global payment platform PXP integrated with
Snowflake’s AI Data Cloud to enhance data analysis Flywire acquired Sertifi, a hospitality-focused pay-
and decision-making for merchants. This collaboration ments platform, for $330 million in cash and debt. The
enables PXP to provide a next-generation data engine acquisition expands Flywire’s travel payments business,
that aggregates and visualizes transactional data in real integrating Sertifi’s software, which streamlines hotel
time, PXP stated, adding that by leveraging Snowflake’s workflows, event bookings and secure payments. Sertifi
advanced architecture, merchants gain sharper insights serves major hotel brands like Marriott and Hilton,
and improved operational efficiency. The integration with deep integrations into key property management
supports PXP’s new Unity platform, unifying commerce systems, Flywire stated, adding that it expects Sertifi to
worldwide, the partners noted, stating that both com- generate $35 million to $40 million in revenue in fiscal
panies plan to expand their fintech reach and introduce year 2025, with strong growth potential. The deal also
additional tools throughout the year to enhance user enhances Flywire’s global reach, positioning it for fur-
experience and data-driven innovation. ther innovation in hospitality payments, the company
added.
Splitit, Highnote innovate installment payments
Nayax acquires UPPay
Highnote, a specialist in modern card issuance, partnered
with Splitit to bring its white-label installment payment Nayax Ltd. acquired UPPay, a digital payment and
solution to digital wallets at checkout. Highnote said its telemetry provider for self-service coffee machines in
tokenized virtual cards enable Splitit to offer real-time, Brazil, for R$32.75 million BRL ($5.3 million USD).
card-linked installment payments without credit checks, The acquisition expands Nayax’s footprint in Latin
using consumers’ existing available credit. This collabo- America, adding 25,000 new unattended points of sale
ration is designed to enhance payment flexibility and and enhancing its market position, Nayax stated. UPPay
streamline the shopper experience. Splitit CEO Nandan will integrate with VMtecnologia, Nayax’s previous
Sheth praised Highnote’s scalability and security, while Brazilian acquisition, to broaden payment and telemetry
Highnote CEO John MacIlwaine highlighted their shared solutions. Nayax added that it aims to accelerate innova-
mission to advance modern payment solutions and drive tion and growth in emerging markets, strengthening its
innovation in consumer financing. role as a global leader in automated self-service retail.

ACQUISITIONS APPOINTMENTS

Alkami to acquire MANTL Jon Burrell joins Weavr

Alkami Technology signed a $400 million agreement to Weavr appointed Jon Burrell as its new deputy CEO
acquire MANTL, an account opening platform for finan- to drive its growth in 2025 and beyond. With extensive
cial institutions. MANTL’s automation is designed to experience in banking and fintech, Burrell previously

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