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IndustryUpdate

cash-free donations, both during and after the pandemic. ACQUISITION
According to the partners, Thyngs' technology turns any
physical, branded object into a point of sale using smart
tap-and-go technology such as QR codes and near field Revenued buys Sky Bridge Business Funding
communication; for hospitality businesses, this means Fintech company Revenued acquired Sky Bridge
marketing assets such as signage, table menus and Business Funding, a small business financing company,
takeaway boxes, can become instant, touch-free points to further establish its vision of helping small businesses
of sale. access the tools and solutions needed for growth. Sol
PayRange works with vending manufacturers Lax, CEO of Revenued, said Revenued recently provid-
ed the application platform to process over $1.45 billion
Driven by consumer requests, PayRange developed an in Paycheck Protection Program loans. "Now, with the
end-to-end solution that enables digital payment for acquisition of Sky Bridge Business Funding, Revenued
purchases while also enabling product selection three will also be able to provide a direct financial solution for
to six feet from vending machines using the PayRange businesses in need," he noted.
App. Thus, consumers never touch the machine itself.
Manufacturers committed to deploying this touch- APPOINTMENTS
less solution with their upcoming firmware releas-
es include Automatic Merchandising Systems, Crane NMI taps Kyle Pexton
Merchandising Systems, Fastcorp, Vendo Sanden, and
Wittern Group. Vendors Exchange will include the As the new president of payments enablement technol-
protocol in the universal control board it manufactures, ogy company NMI, Kyle Pexton is tasked with further
which can upgrade nearly any vending machine made in scaling the company's commercial and business devel-
the last 30 years, PayRange said. opment efforts, as well as driving the company's organic

Saint-Sixtus Abbey, Ingenico team up and inorganic growth. Pexton brings over two decades
of payments and fintech experience to this position. He
Ingenico Group partnered with the Saint-Sixtus Abbey, previously served in senior executive finance and opera-
brewers of the Trappist Westvleteren, to provide a global tional roles at Authorize.Net and was instrumental in the
payments solution that supports increased international company's sale to Cybersource. He also served as CFO
demand for its award-winning beer. Due to limited stock of Accelerated Payment Technologies. For the past six
and high demand, some customers had been stockpil- years, he has served as CFO at NMI and led the company
ing products and selling them at inflated prices. To put through the successful acquisition and integration of the
an end to bulk buying and reselling, the Abbey began UK-based company, Creditcall in 2018.
working with Ingenico in 2019 to create an online pay-
ment solution that could better control incoming orders Kavita Singh signs on with Payrailz
and offer international beer lovers a chance to buy the Payrailz, a digital payments company, appointed Kavita
beer. They devised a click-and-collect system with the Singh as its vice president of AI product management.
ability to accept international payments over a limited In this role, Singh will use her extensive background
sales period. The solution is simple and secure, with an in financial services product management and artificial
intuitive interface, which can scale and keep customer intelligence to further build out and develop Payrailz's
data secure, Ingenico stated. AI product initiatives and features; Singh will also

uShip implements MSTS' CaaS be responsible for further advancing the company's
"smarter payments vision" and oversee the go-to-market
MSTS, a global B2B payment and credit solutions pro- approaches for AI initiatives and experiences, Payrailz
vider, stated it will provide its Invoicing at Checkout noted. Singh recently served as chief product officer
solution to uShip, a transportation marketplace serv- for Credit2B. Singh, who began her career at IBM, also
ing the freight, furniture and vehicle shipping markets. served as senior product strategy manager at Fiserv.
MSTS' Credit as a Service (CaaS) solution will enable
uShip to offer its business customers net terms and Jeff Socha joins NMA
payment by invoice. Additionally, MSTS will take on National Merchants Association appointed Jeff Socha as
uShip's accounts receivable process to provide efficiency its chief financial officer. As a founding partner of Ark
and free up time and resources, the partners stated. Financial Group, Socha brings extensive experience in
developing financial solutions for business owners in
A Also find us on lso find us on FFacebook, acebook, real estate, construction, software and other industries,
L LinkedIn & inkedIn & TTwitter for the witter for the NMA stated, adding that after graduating from Texas
mos A&M with a degree in engineering and finance, Socha
most up-to-date stories, t up-to-date stories,
c attended Harvard Business School's action-oriented, col-
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