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IndustryUpdate

based in Australia. The deal is valued at approximately $290 million. This likely to be the end-result if not
excludes an additional earn-out of up to $70.6 million, which is conditioned identified and managed properly.
on PFS achieving specific earnings targets. It's a complex part of today's online
economy, but one that we can sig-
APPOINTMENTS nificantly reduce." Prior to joining
Chargebacks911, Bush was vice
president of marketing for Kount.
Calabrese moves up at Fluid Pay He has also been an expert lecturer
at fintech conferences worldwide.
Fluid Pay promoted Kevin J. Calabrese to the position of executive
vice president. He is now responsible for leading the company's Gateway Jaime De La Vega joins
Processing Division, domestically and internationally, and will oversee day- Certified Payments
to-day sales operations and strategic partnerships, working closely with
executive team members. "Kevin has been a great asset for Fluid Pay since Certified Payments appointed
its inception back in 2017," said Nick Cucci chief operating officer of Fluid Jaime De La Vega as its new vice
Pay. "His contributions and aptitude align with our goals flawlessly. We look president of sales. In this role, De
forward to nothing but great things from Kevin and our team." La Vega will drive the strategic
development of new products and
Chargebacks911 welcomes Don Bush services, define sales processes and
Fraud and payments expert Don Bush joined Chargebacks911, a provider of grow the sales territories for the
chargeback management and dispute resolution services, as vice president government-focused sales chan-
of partner engagement. He will lead the company's expanding global part- nel. De La Vega, who served most
ners team at its newest office in Boise, Idaho. "Chargebacks are the 'canary recently as the vice president of
in the coal mine' that alert merchants to problems that they might not have sales at JPMorgan Chase, brings
recognized otherwise," Bush said. "Whatever the cause, chargebacks are more than 20 years' experience in
global sales and merchant services
to Certified Payments. His indus-
try knowledge comprises successful
tenures at both Chase and Bank of
America, where he led sales teams
in support of clients across gov-
ernment, utilities, ecommerce and
health care industries.

Flywire taps Rob Orgel
Flywire, a provider of global pay-
ment solutions for businesses and
institutions, appointed Rob Orgel
to the newly created position of
president and chief operating offi-
cer. In the role, Orgel will oversee
the company's global payment net-
work, business operations, finance,
legal, compliance, and corporate
strategy and development. He will
report to CEO Mike Massaro, who
will now focus his efforts on the
company's long-term growth plans,
strategic partnerships and go-to-
market expansion. Before joining
Flywire, Orgel spent close to 10
years at Apple, where he was part
of the leadership team that devel-
oped, launched and grew the Apple
Pay business. Most recently, he was
involved in the launch of the new
Apple Card.

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