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IndustryUpdate

FAPS aligns with DonorSnap tinue to grow the Anaraq merchant portfolio assets," said
Andrew Grapkowski, Partner and Managing Director at
First American Payment Systems L.P. stated it partnered Altpoint and Chairman of the Board of Anaraq.
with DonorSnap to deliver a secure and robust pay-
ments solution integrated into DonorSnap's fundraising Clearent aquires PAI merchant services holdings
and donation software platform. The payments module
in DonorSnap includes integrated credit, debit and auto- Clearent LLC entered into a definitive agreement to
mated clearing house (ACH) processing. The software acquire Payment Alliance International's Merchant
also allows nonprofits to accept online and recurring Services Division. Clearent said the acquisition will add
donations, making it easy for customers to donate to the a complementary telesales channel, strategic association
organization in a number of ways, the companies said. partnerships, and $4.2 billion in processing volume to
Clearent's portfolio. The combined entity will have more
OneView, IBM Watson integrate than 45,000 merchants and $14 billion in processing vol-
ume, the company added.
OneView Commerce partnered with IBM and integrated
its Inventory Management solution with IBM's Watson Net1 becomes Bank Frick stakeholder
Commerce Insights. The integration is designed to pro-
vide retailers with real-time, actionable analytics about Net1 UEPS Technologies Inc. agreed to acquire a 30 per-
product performance, inventory availability, prices, and cent interest in Bank Frick & Co AG. Completion of the
promotions across ecommerce and store channels. The investment is subject to approval from the Liechtenstein
integration allows retailers to interpret and act on Financial Market Authority. Following completion, Net1
changes in customer demand within a unified commerce will have a two-year option to acquire a further 35 per-
experience, according to the companies. cent interest in Bank Frick. "We have agreed with Bank
Frick that approximately USD 30 million of its free equi-
Samsung partners with iQmetrix ty will be utilized as seed capital for a fund dedicated
to our future activities," said Serge Belamant, Chairman
Samsung Corp. rolled out an endless aisle project with and CEO of Net1.
iQmetrix that includes 200 retail locations. The project
involves implementing self-serve endless aisle kiosks
in third-party retail locations to open up a new chan- APPOINTMENTS
nel for Samsung to showcase such premium product
lines as Samsung Gear and connected home products. NRF elects HSNi's Grossman
According to Samsung, the solution helps overcome the
challenges of limited retail space, cost of inventory, rap- The NRF elected HSN Inc. CEO Mindy Grossman as
idly changing product and brand message consistency. Chairman of the NRF Board of Directors, succeeding
Kip Tindell, co-founder and Chairman of The Container
Verifone teams with FIS on loyalty Store. In addition, seven new members were elected
to the board, and Neiman Marcus Group President
Verifone and FIS collaborated to enable consumers to and CEO Karen Katz was named Chair of the NRF
pay with loyalty points linked to their credit or debit Foundation. Grossman, who will serve a two-year-term,
cards at the POS. Verifone developed a new application was elected as the board held its annual winter meeting
called Verifone Points Redemption, which connects to in New York.
the FIS Premium Payback Network to provide a secure,
easy way for third party loyalty programs to participate; Finicity selects Laukka
merchants are able to download the free app to their
device and eligible cardholders swipe, dip or tap their Tim Laukka joined Finicity Inc. as the company's Chief
card at a participating retailer to pay for purchases with Financial Officer. He has more than 25 years' compre-
points, according to the partners. hensive business and financial services experience. Most
recently, he was CFO of Optum Bank Inc., which special-
ACQUISITIONS izes in financial services for the healthcare industry. In
his new role, Laukka will be responsible for managing
human resources in addition to financial operations.
Clarus buys Anaraq assets
HMS promotes Lemos
Clarus Merchant Services acquired the merchant pro-
cessing assets of Anaraq Holdings LLC, a portfolio com- Humboldt Merchant Services promoted Rhonda Lemos
pany of Altpoint Capital Partners. "As the electronic pay- to General Manager. Lemos joined HMS in May 2016
ment processing sector continues to evolve, we believe as Director of Strategic Initiatives. In her new posi-
that a partner such as Clarus will bring the technology tion, Lemos will continue to foster HMS growth and
offerings, scale and geographic reach to efficiently con- implementation of strategic initiatives. Her main focus

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