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IndustryUpdate

PayPal purchases Hyperwallet of MoneyGram International Inc.
Prior to that she was President of
PayPal Holdings Inc. agreed to acquire Hyperwallet, a global payout First Data International and CEO of
platform, for $400 million in cash, subject to adjustments. "By acquiring Paymentech. ACI also reported the
Hyperwallet, we will strengthen our ability to provide an integrated end-to- board retirements of John Shay, Jan
end solution to help ecommerce platforms and marketplaces -- however large Suwinski and James McGroddy.
or small -- leverage world-class payout capabilities in over 200 markets," said
Bill Ready, Chief Operating Officer at PayPal. The transaction is expected to Apptizer names O.B Rawls
close during the fourth quarter of 2018. to advisory board

APPOINTMENTS Order-ahead technology provider
Apptizer Inc. appointed O.B.. Rawls
IV, former President and CEO of
MAC elects new board iPayment Inc. and current spe-

The Merchant Acquirers' Committee elected 31 members to its board. cial advisor to the CEO of Paysafe
Georgia Stavrakis, of Global Payments Inc., was reelected President; Stephen North America, to its advisory
board. Dinesh Saparamadu, found-
Prince, Qualpay Inc., Treasurer; and Vadeene Sisk, Elavon Inc., Secretary.
Vice Presidents include Deana Rich, David Landis and Sid Pershad. Directors er and CEO of Apptizer, Inc., said of
Rawls, "His wisdom and guidance
include Jim Bibles, Adrienne Gray, Aliki Liadis-Hall, Heather Mark, Kate
Root, Kevin Smith, Melissa Sutherland, Holli Targan and Branden Williams will help Apptizer navigate a very
dynamic and competitive SMB mar-
ACI Worldwide appoints Patsley to board ketplace, plus his experience as a
transformational CEO and thought
Pamela Patsley joined the Board of Directors at ACI Worldwide Inc. leader will be invaluable."
With nearly four decades of executive experience in payments and
financial services, Patsley most recently served as executive chairman PayClearly welcomes
Rice to team

Global business payment solu-
tions provider PayClearly LLC
tapped Gary Rice as Vice President
of Strategic Sales for Emerging
Markets. Rice brings over 20 years
leadership experience in the pay-
ments industry to his new role,
where he will apply his expertise
in the manufacturing, distribution,
energy, petroleum, aviation and
transportation industries to build-
ing PayClearly's client base, the
company stated.

NEACH elects Selnick
as board chair

The New England Automated
Clearing House (NEACH) elected
Laurance A. Selnick, CTP, Senior
Vice President at Webster Bank,
as Chair of the Board. Selnick has
served as a board member since
2002. NEACH, a non-profit trade
association, provides training,
education, and support services to
its member institutions and other
New England entities to increase
the use and quality of electronic
payments.

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