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IndustryUpdate

commonly used method of transaction, selected by 36.4 ACQUISITIONS
percent of respondents, followed by chip-and-pin card
payments at 32.4 percent.
Cryptomathic acquires Aconite Technology
Payment solutions market Cryptomathic, a specialist in secure server and pay-
worth $64.5 billion by 2024 ments solutions, acquired end-to-end EMV card life-
According to a new MarketsandMarkets report on pay- cycle, transaction processing and PIN management pro-
ment processing solutions analyzed by payment method, vider, Aconite Technology. Both companies have deep
vertical and region, the global payment processing solu- expertise in the provisioning of secure infrastructure for
tions market size is expected to grow from $39.3 billion EMV payments. The acquisition is expected to enable the
in 2019 to $64.5 billion by 2024. Major driving factors are two firms to leverage their combined expertise to drive
initiatives for promotion of digital and online payments, innovation and better answer demand for their services.
high proliferation of smartphones, focus on improving TapClicks completes StatX purchase
customer experience, and customers' demand for imme-
diate payments and settlements. TapClicks, which specializes in marketing intelligence,
analytics, reporting, workflow and orders management,
PARTNERSHIPS acquired StatX, a Silicon Valley-based fintech provider
noted for its data visualization application that fea-
tures deep integrations with Salesforce, Intuit, Microsoft
Bittrex, IdentityMind partner on AML Excel and Google Sheets. This acquisition is expected to
Blockchain trading platform Bittrex now employs strengthen TapClick's omnichannel marketing opera-
IdentityMind's Digital Identities Platform for automated tions and intelligence solution by integrating StatX's
transaction monitoring as a core function of its anti- disruptive mobile data visualization and collaboration
money laundering (AML) programs. "The availability capabilities into the TapClicks marketing operations
of platforms like IdentityMind that focus on compre- platform.
hensive operational support of the AML process allows
for a more efficient and scalable solution," IdentityMind APPOINTMENTS
stated, noting that the cost of compliance continues to
rise for organizations dependent on manual operations.
Rashawn Allen joins ClearGage
NAB adds Rezku POS to reseller solutions roster ClearGage LLC, a provider of patient payment technol-

Leading payment technology company North American ogy, welcomed Rashawn Allen as its chief revenue offi-
Bancard formed a partnership with Rezku POS, a restau- cer. Allen brings extensive experience in driving sales
rant management system on the cutting edge of technol- and business development in the healthcare industry
ogy and service. Designed for counter service and table- and will oversee sales, marketing, and business develop-
side service, Rezku POS enhances efficiency and features ment to jumpstart initiatives that will contribute to the
customizable solutions backed by a dedicated support company's short- and long-term growth.
team, NAB stated, adding that its large base of resellers Payrix grows executive team
offers an industry-leading solution with customizable
POS; advanced, reliable software; and unlimited remote Payrix Payments Technology appointed Jason Key as
access. chief product and information officer, Ben Lebedin
as chief revenue officer and Sara Hightower as chief
Radial, Ingenico team up for marketing officer. A process and digital transformation
better payment experience expert, Key will lead the product and engineering teams
Ingenico ePayments, the ecommerce division of Ingenico to deliver Payrix platform innovation. Lebedin is a pay-
Group, is now the payment partner for Radial, which ments and technology professional with more than 10
years' experience leading sales and revenue generating
serves prominent retail brands. Ingenico's payment ser-
vices will provide Radial an added layer of fraud protec- initiatives. He will oversee the sales and business devel-
opment teams to ensure the company's growth goals
tion to offer retailers on top of its existing use of machine
learning and big data to guarantee zero fraud liability, are achieved. Hightower has extensive executive experi-
ence with marketing and brand activation. She will help
the partners stated.
elevate the Payrix brand, position products and drive
marketing strategy.

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