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IndustryUpdate

Kabbage taps into small business success USAePay, Paradise POS team up

A Kabbage Inc. poll of 500 established small businesses Payment gateway service provider USAePay teamed with
revealed that the first four years in business are the iOS-based software provider Paradise POS to offer cash
most critical to success. "Even though most businesses discount program integration as an option for USAePay
reach profitability in their first four years, our research users. Martin Drake, USAePay President, believes the
shows businesses still encounter unique opportunities program will be a game changer in the POS industry.
or challenges that require extra capital, such as bridging "I especially like the fact that the program is processor
cash-flow gaps, making strategic purchases, increasing agnostic, so it allows our resellers to have full control over
marketing spend or opening new locations," said Victoria the banking relationship," he added.
Treyger, Chief Revenue Officer at Kabbage.
Paysafe, Company.com, Ingo speed settlement
May 2018 retail sales up, NRF says
Global payment provider Paysafe, instant money tech
The National Retail Federation reported that May retail company Ingo Money and Company.com LLC, a small-
sales increased 0.7 percent seasonally adjusted over April business products and services platform, joined forces
and 5.6 percent unadjusted year-over-year as a growing to offer same-day settlement to U.S. small merchants.
economy prompted consumers to continue to spend. Paysafe said the collaboration will remove the wait typi-
The numbers exclude automobiles, gasoline stations and cally experienced using the traditional interchange sys-
restaurants. The three-month moving average was up tem, reducing the funding window from days to minutes.
4.6 percent over the same period a year ago, topping the Merchants may also leverage Ingo Money push payments
NRF's forecast that 2018 retail sales will grow between 3.8 to unlock same-day settlement of fully guaranteed funds.
percent and 4.4 percent over 2017.
Posera, POS Portal forge alliance
TNS identifies unattended terminal opportunities
POS Portal, a ScanSource Inc. company, became a dis-
A Transaction Network Services Inc. survey revealed 70 tribution partner for the Posera Ltd. pay-at-the-table
percent of consumers would like to see unattended termi- solution, SecureTablePay. "SecureTablePay works with
nals accept card and cash payments. "We found 36 percent most leading payment processors and is integrated to
of consumers willing to make a payment at an unattended 25 of the leading restaurant management systems," said
kiosk or vending machine using a wearable device, such Posera Executive Vice President of Strategy and Business
as a bracelet or fitness tracker, including almost half of Development Akash Sahai. "Given that POS Portal also
those aged 18 to 34," said Lisa Shipley, General Manager works with the leading processors and ISVs, POS Portal
of TNS' FinTech Solutions, Americas. is a perfect fit to distribute SecureTablePay."

Worldpay launches AuthMax CNP tool
ACQUISITIONS
Adding to its eCommerce Conversions Optimization
Suite, Worldpay Inc. unveiled AuthMax, a new authori- Adobe acquires Magento Commerce
zation tool designed to increased credit and debit card
approval rates for U.S.-based ecommerce merchants by Adobe completed the acquisition of Magento Commerce.
analyzing transaction data and applying behavior-driven According to Adobe, with the addition of Magento
rules. According to Worldpay, in boosting approval Commerce Cloud to Adobe Experience Cloud, the compa-
rates for card-not-present (CNP) purchases, AuthMax is ny can now deliver a single, end-to-end digital experience
expected to lift merchant revenues. platform for content creation, advertising, marketing,
order management, predictive intelligence, analytics and
PARTNERSHIPS unified commerce to business-to-business and business-
to-consumer client users.
First Data, Mastercard join forces Nets buys Dotpay/eCard

First Data Corp. partnered with Mastercard to make its Denmark-based payments provider Nets acquired
digital disbursement platform available to Mastercard's Poland-based online payment service providers Dotpay/
business customers. The First Data Disburse-to-Debit eCard. Under the agreement the Polish brands and its
solution will enable Mastercard MoneySend users to push CEO will remain. Nets noted the acquisition gives the
real-time payments to debit card holders. The partners company access to the sixth largest country in the EU and
noted that debit disbursements have become increasingly because of Poland's expanding economy anticipates high
popular with participants in the gig economy and busi- growth in digital payments.
nesses with high volume consumer payouts.

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