The Green Sheet Online Edition
March 23, 2026 • 26:03:02
News Briefs
Brink's to acquire NCR Atleos in $6.6 billion ATM infrastructure deal <- click to read full story
The ATM and cash-management industry is set for consolidation as The Brink's Co. moves to acquire NCR Atleos Corp. in a transaction valued at about $6.6 billion. The deal combines Brink's global cash logistics network with NCR Atleos' ATM management services and technology.
Under the agreement, Brink's will pay $30 in cash and 0.1574 shares of its common stock for each NCR Atleos share, valuing the company at $50.40 per share based on Brink's Feb. 25, 2026, closing price. Brink's will also assume about $2.6 billion in NCR Atleos debt. After the transaction closes, Brink's shareholders are expected to own about 78 percent of the combined company, with NCR Atleos shareholders holding roughly 22 percent.
The acquisition is expected to close in the first quarter of 2027, pending regulatory and shareholder approvals.
The combination brings together Brink's route-based cash logistics operations with NCR Atleos' ATM services, software and ATM-as-a-service offerings. NCR Atleos operates about 78,000 owned ATMs and supports a global installed base of roughly 600,000 machines.
Brink's President and CEO Mark Eubanks said the transaction strengthens the company's ability to deliver integrated physical-to-digital payment solutions. NCR Atleos President and CEO Tim Oliver said the deal represents the next step after the company strengthened operations following its separation from NCR.
The combined company is projected to generate about $10 billion in annual revenue. Brink's expects about $200 million in annual cost synergies within three years of closing and estimates the deal will be at least 35 percent accretive to earnings per share based on 2027 projections. Together, Brink's logistics capabilities and NCR Atleos' ATM software and services are expected to expand managed service offerings worldwide.
PayPal targets vertical software users with Rainforest deal <- click to read full story
PayPal is expanding its presence in the embedded payments market through a partnership with Rainforest, a payments provider focused on software platforms. The companies launched an integration designed to help software platforms shift transactions away from offline methods such as cash and checks and toward digital payments.
Through the integration, Rainforest platform clients can enable merchants to accept PayPal, Venmo and PayPal Pay Later alongside payment methods including credit cards, Apple Pay and pay-by-bank. All options are presented through a single checkout experience to simplify how businesses accept and manage payments.
The companies said the unified approach helps merchants get paid faster, reduce late payments and spend less time pursuing unpaid invoices. Centralizing payments in one system, they added, also streamlines reconciliation while allowing software platforms to retain more payment volume within their ecosystems.
Taira Hall, senior vice president at PayPal, said vertical software represents a growing opportunity as more commerce takes place within specialized platforms. She said Rainforest's focus on embedded payments makes it a natural partner for delivering PayPal payment options.
Historically, many software companies relied on separate integrations to support different payment types, creating fragmented onboarding processes, multiple reporting pipelines and several daily deposits into merchant accounts. By embedding PayPal directly into Rainforest's platform, software companies can activate PayPal, Venmo and PayPal Pay Later without additional integrations.
Rainforest founder and CEO Joshua Silver said demand for PayPal among customers has been increasing as platforms reduce reliance on cash and checks. The partnership comes as PayPal faces slowing growth and leadership changes. Reports also indicate fintech rival Stripe has explored a potential acquisition of PayPal or parts of the company.
Celebrating women shaping the future of payments <- click to read full story
International Women's Day celebrated annually on March 8 highlights progress in representation and opportunity, but within the merchant acquiring industry the conversation increasingly centers on leadership and influence. Women across the payments ecosystem are shaping regulatory advocacy, operational strategy, education, communications and enterprise growth as the industry adapts to new technologies, evolving merchant expectations and growing regulatory complexity.
A diverse group of leaders reflects this momentum. Audrey Blackmon of Euronet has spent more than three decades building high-performing sales teams and advancing integrated payments strategies while mentoring women through PayTech Women (PTW). PTW CEO Dr. Gail Burgos promotes mentorship, leadership development and career pathways across the payments industry.
Several executives are driving change from within major financial institutions. Dawn Delaney of JPMorgan Chase contributes to corporate development initiatives while serving as the 2026 board president of PTW and participating in the Electronic Transactions Association's Payment Facilitator Committee. Lori Griboski of Paysafe has strengthened merchant partnerships across international markets, reflecting the increasingly global nature of merchant acquiring.
Industry advocacy and policy leadership are also represented. Jodie Kelley, CEO of the Electronic Transactions Association, represents the electronic payments sector in regulatory discussions, promoting policies that support innovation while protecting data security.
Entrepreneurs and strategists continue to influence the direction of the industry. Donna Embry of e-Squared Systems, Diane Vogt Faro of Savify, Garima Shah of Biller Genie and Paulette Rowe, formerly CEO of Stax Payments, exemplify leadership in merchant services, payments innovation and business strategy.
Other female leaders shape the industry through communications, legal expertise and talent development. Peggy Olsen of Strategic Marketing, Holli Hart Targan of Taft Law, Viktoria Soltesz of PSP Angels and Polly Van Duser of One Inc. have helped strengthen industry standards, compliance and workforce development.
Visa unveils single API designed to modernize authorization <- click to read full story
Visa introduced a new capability on the Visa Acceptance Platform aimed at helping acquirers and their processing partners modernize payment authorization through a single API connection. The offering, called Visa Intelligent Authorization, is designed to reduce the infrastructure complexity that often slows innovation in digital payments.
Authorization determines whether a transaction should be approved or declined. Many legacy processing systems struggle to handle newer payment types and evolving transaction patterns, which can contribute to false declines, higher costs and slower innovation.
Visa Intelligent Authorization is designed to enable transactions across major card networks through one API integration, eliminating the need for multiple network connections or costly infrastructure upgrades. Visa said the system delivers 99.999 percent uptime and achieves a global average approval rate of 96.3 percent.
Acquirers can deploy the solution as a primary processing engine or as a complementary tool that extends existing authorization capabilities.
The platform's machine-learning engine analyzes transaction data in real time to help determine optimal routing decisions based on network rules, industry programs and regional regulatory requirements. It also provides instant risk alerts and a centralized management portal with analytics tools to improve oversight and compliance.
Visa said the need for modern authorization systems is growing as digital payments evolve. Digital wallets, stablecoins and new forms of commerce are increasing the volume and complexity of payment transactions.
Research commissioned by Visa and conducted by YouGov highlights the shift. In Asia-Pacific markets, 74 percent of consumers already use AI-powered tools during shopping journeys, accelerating transaction speeds and increasing the data involved in payments. Visa said the new capability provides a scalable foundation for acquirers as payment ecosystems become more real-time and data-driven.
Report finds FIs struggle to keep pace with AI-driven fraud <- click to read full story
Financial institutions increasingly view artificial intelligence-driven fraud as a major threat, yet many lack the infrastructure needed to defend against it, according to research from fraud and risk management platform DataVisor.
In its 2026 Fraud & AML Executive Report, DataVisor identifies what it calls an "AI Readiness Gap," a disconnect between the sophistication of fraud attacks and the capabilities institutions have to counter them.
The report surveyed fraud and anti-money-laundering (AML) leaders at banks, credit unions, fintech companies and digital payments platforms. Among respondents, 74 percent said AI-driven fraud is a top concern, while 67 percent reported their organizations lack the infrastructure needed to deploy effective AI defenses.
Generative AI is enabling new forms of fraud, including deepfakes, synthetic identities and automated scam campaigns. Many institutions remain constrained by fragmented data systems, legacy detection models and governance structures not designed for real-time threats.
"Financial institutions are facing attackers that operate at machine speed, but many defenses still operate at legacy operational speed," said Yinglian Xie, CEO and co-founder of DataVisor. She said closing the readiness gap will require unified data and operational models capable of real-time response.
The report cites legacy infrastructure, organizational silos and outdated operating models as barriers slowing institutions' ability to respond to evolving fraud tactics.
Still, many organizations are moving to modernize their approaches. Eighty-one percent of institutions said they are considering or implementing unified fraud and AML strategies, while 74 percent said a single view of risk would improve detection effectiveness. The report notes that real-time payments and faster digital onboarding are shrinking the window for detecting fraud. 
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