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IndustryUpdate

BHMI mourns the passing of CEO and Co-Founder Jack T. Baldwin, PhD

HMI is mourning the loss of its CEO and co-founder, Dr. Jack T. Baldwin,
who passed away on July 18, 2025, after battling leukemia. A pioneering
computer scientist, educator and entrepreneur, Jack co-founded BHMI in
B 1986 with his wife, Dr. Lynne J. Baldwin, and colleague Michael Meeks.
Under his visionary leadership, BHMI evolved into a global provider of mission-crit-
ical transaction processing solutions, including the widely used Concourse Financial
Software Suite. His career began in academia, followed by a successful stint at ACI
before BHMI's founding.

Known for his intelligence, compassion and integrity, Jack shaped BHMI’s culture of excellence. Dr. Lynne
Baldwin, BHMI president, and Michael Meeks, CTO, will continue leading the company, committed to preserving
Jack’s vision. Colleagues remember him as both a brilliant mind and a deeply principled individual.

Beyond his professional achievements, Jack was a dedicated conservationist and philanthropist, supporting
causes like The Nature Conservancy and the Nebraska Wildlife Rehab’s Baldwin Wildlife Center. His legacy will
live on through the company he built and the many lives he impacted.

Industry experts affirmed that ISO 20022 adoption is a
major step toward innovation, modernization and con-
sistency in the global financial ecosystem.

InvoiceCloud named a Technology Top Workplace
InvoiceCloud was named a 2025 Top Workplace in the
Technology industry by Energage, marking its fourth
consecutive year receiving this honor. The recognition,
based on employee feedback, highlights InvoiceCloud’s
strong people-first culture and commitment to integrity,
innovation and high performance. One of only 29 U.S.
tech companies with 500–999 employees to receive this
distinction, InvoiceCloud continues to earn national and
regional recognition, including from USA TODAY and
The Boston Globe. InvoiceCloud stated that for more than
3,200 customers in sectors like utilities, government and
insurance, its SaaS platform enhances digital payments
and customer engagement while reducing costs and
streamlining operations.

ANNOUNCEMENTS The downside of processor-agnostic tech revealed
In his writing and presentations, Allen Kopelman, co-
Finastra completes ISO 20022 migration founder and CEO of Nationwide Payment Systems
and producer of B2B Vault: the Biz to Biz Podcast, has
Finastra reported that 100 percent of its payments been raising awareness about how processor-agnostic
customers successfully migrated to the ISO 20022 stan- technology companies have been a staple of merchant
dard for Fedwire transactions by the July 14, 2025 services, until a wave of acquisitions changed the game.
deadline. This positions clients at the forefront of pay- Companies that ISOs and merchant level salespeople
ment modernization, enhancing operational efficiency, (MLSs) introduced to their merchants are reneging on
regulatory compliance and customer experience, the promises to never touch payment processing. Recently
company stated. Finastra, which processes 25 percent Kopelman explored the issue in detail in a webinar with
of all U.S. Fedwire volume and over $7 trillion in daily Green Sheet Content Strategy Director Dale Laszig. It's
payments globally, said it played a key role in guiding available on YouTube at http://bit.ly/4mf5qoc.
clients through the transition with minimal disruption.

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