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IndustryUpdate

adding that each option can help improve brings to Paysafe a proven track record of over 25 years in finan-
payment experiences, strengthen business cial leadership and has previously held CFO positions in both
relationships and streamline operations. public and private organizations. His experience includes corpo-
rate finance, treasury, investor relations, tax, financial planning
ACQUISITIONS and analysis, operational performance management, control-
lership, M&A and strategy. Dawood joins Paysafe from Branch
International, where he was CFO. Previously, he served as CFO
Clearent purchases Wintac for WageWorks, Santander Consumer USA and BNY Mellon, and
held various finance and corporate leadership roles at Wells Fargo.
Payment-solutions provider Clearent acquired
Wintac, a field-service-management software The Fraud Practice recruits Kevin Sprake
solution primarily targeting residential con-
tractors providing HVAC, plumbing, electri- The Fraud Practice welcomed 25-year industry veteran Kevin
cal and other home-repair services. Purchased Sprake as its new managing partner. In this role, Sprake is respon-
from Dundee, Illinois-based Davisware LLC, sible for further expanding the company's client relationships and
Wintac will become part of FieldEdge, a advancing its online learning and certification programs created
wholly owned Clearent subsidiary. Clearent specifically for the ecommerce payments and fraud prevention
described the move as the latest example of its industry. Sprake's payments and risk management industry
effort to grow market share in the mechani- experience includes vice president and president roles with Retail
cal contractor/field-services-management seg- Decisions, executive leadership positions with Vesta Corp., and
ment. Financial terms of the transaction were chairman and president of Fusion Recruiting Labs. He also served
not disclosed. on the Merchant Risk Council board.

FLEETCOR to acquire AFEX
FLEETCOR Technologies Inc., a global busi-
ness payments company, signed a defini-
tive agreement to acquire Associated Foreign
Exchange (AFEX), a cross-border payment
solutions provider. By acquiring AFEX,
FLEETCOR will build upon its corporate pay-
ments line of business and strengthen its posi-
tion as one of the largest business payments
companies in the world, FLEETCOR stated.
The transaction is expected to close in the first
quarter of 2021, subject to regulatory approval
and standard closing conditions.

APPOINTMENTS

Ondot taps Barry Danz
Ondot Systems hired Barry Danz as its chief
client officer. In this role, he manages all
aspects of relationships with Ondot's custom-
ers and partners and is responsible for driving
client success and satisfaction. Previously,
Danz was senior vice president and general
manager in Fiserv Output Solutions. During
more than 14 years with the company, he
held client-facing, senior leadership positions
across card services, e-banking and Output
Solutions. Before joining Fiserv, Danz spent
more than 13 years at AT&T.

Ismail Dawood joins Paysafe Group
Paysafe Group appointed Ismail (Izzy)
Dawood as its new group chief financial
officer. Based in the United States, Dawood

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