ACI Worldwide subsidiary ACI Payments Inc. received Nacha Certified status, which verifies ACI achieved the highest standards of ACH payment processing outlined by Nacha for its bill payments solution, ACI Speedpay. Nacha is a nonprofit organization that convenes a network of organizations to enhance and enable electronic payments and financial data exchange and supports development of rules, standards, governance, education, advocacy and innovation to benefit providers and users.
BlueStar was granted Bixolon's 2019 Distributor of the Year award, which, according to Bixolon President Paul Kim is granted to those who demonstrate a heightened sense of year-to-year growth and exceed performance goals within reseller business development.
"BlueStar has excelled throughout the 2019 year achieving a growth of over 60 percent which stands as a peak record in Bixolon sales," Bixolon stated.
Century Business Solutions won a People's Choice Stevie Award for Favorite New Payment Solution in the 18th Annual American Business Awards. All organizations operating in the United States are eligible to submit nominations — public and private, for-profit and nonprofit, large and small. More than 87,000 votes were cast in 52 people's choice categories this year. All new products and services honored in the ABA's new product categories were included in people's choice voting.
Factor4 LLC, a provider of gift card and loyalty solutions for the SMB market, launched Web Terminal Plus. This enhanced version of the company's virtual terminal enables merchants to use mobile computers and mobile devices to email and text gift cards directly from www.Mywebterminal.com, providing contact-free functionality. Merchants can still issue and redeem plastic gift cards via the virtual terminal.
Specialized payments platform Paysafe expanded its omnichannel payments offering for Bump 50:50, the Sportech division providing a digital raffle solution to sports and nonprofit charity foundations. As North American in-stadium sports return, fans will be able to enter raffles safely and securely through Paysafe-processed contactless card payments at points of sale (POS) from Handpoint, a pioneer in defining integrated payments, the company stated.
PPRO, a local payments platform-as-a-service, reported an 85 percent increase in transaction volume year over year, highlighting opportunities for cross-border ecommerce amid the COVID-19 pandemic. Due in part to a shift in ecommerce consumer behavior, PPRO noted, it is now processing an annual run rate of $9 billion in payment transaction volume. The company also closed on a $50 million financing round led by Sprints Capital with participation from existing investors Citi Ventures and HPE Growth. PPRO said it will use the funds to scale the organization and accelerate strategic growth plans for its global platform.
The Emerging Payments Association, which celebrates collaboration and innovation across the emerging payments industry, launched a review paper titled Avoiding a payments lockdown to present to the UK's Financial Conduct Authority and the Treasury following the shutdown of Wirecard Card Solutions Ltd. The paper seeks to identify the current vulnerabilities of the business models that underpin the payments industry, highlight how the direct implications of the FCA's intervention left consumers vulnerable, and aims to further discussion with the FCA to consider such regulatory processes in the future, the EPA stated.
Ondot Systems, a digital card services platform for credit and debit issuers, released How Millennials and Gen Z Can Power Growth for Financial Institutions, a white paper that offers financial institutions perspective on the needs of millennials and Generation Z, including the role of technology in driving younger people toward large banks. The paper, which is available for free at www.ondotsystems.com, also discusses the rationale for appealing to these generations and how financial institutions can more effectively attract them.
BigCommerce named international fraud protection provider ClearSale a Preferred Technology Partner, which enables ClearSale to provide more than 60,000 BigCommerce stores access to ClearSale's advanced fraud technology along with its internal analyst team. In addition, this partnership gives BigCommerce customers the ability to integrate ClearSale's fraud protection solution through the BigCommerce App Marketplace, the partners noted.
Major esports organization G2 Esports and paysafecard, the e-cash solution from Paysafe, extended their partnership for a fifth consecutive year. Thus, the paysafecard brand continues to be promoted across multiple G2 Esports social media channels and Twitch live streams as well as via paysafecard-branded giveaways and event integration, Paysafe stated. According to Statista, in 2020 close to 500 million people worldwide occasionally watch esports events.
M3 and Nvoicepay reported they partnered to offer hospitality businesses a holistic AP payment solution that not only reduces the overall cost of making payments, but also enables businesses to mitigate payment fraud risk and generate rebates. Both companies strive to support hospitality businesses as they adopt streamlined, electronic workflows into their back-office procedures, the partners added.
SafeCharge, which Nuvei acquired in 2019, merged with Nuvei and will now operate under the Nuvei name. The integration of both organizations under one name and a full-stack, native payment technology platform is designed to further remove payment barriers worldwide, empowering merchants with unparalleled global commerce capabilities, Nuvei stated, adding that it also introduced new corporate positioning, tagline and website design to represent the company's drive to unite payment technology and consulting.
Paya, an integrated payments and commerce solution provider, and FinTech Acquisition Corp. III, a special purpose acquisition company, divulged that they entered into a definitive merger agreement. Upon closing of the transaction, the combined company will operate as Paya and will be listed on NASDAQ under the new symbol PAYA. The transaction reflects an implied enterprise value for the company of approximately $1.3 billion, Paya noted.
Jason Green joined BlueSnap to lead the all-in-one payment platform's global sales organization. He will be responsible for BlueSnap's Global Sales Team and oversee the sales and business efforts to support the company's next phase of growth and its expanding go-to-market plans. Green brings over 20 years of sales leadership in the payments space to BlueSnap with extensive experience in payments and fintech from his roles at TSYS, Vantiv, First Data, and TransFirst. Most recently, he led sales efforts at Global Payments/TSYS where he was responsible for all revenue generating channels for the Integrated Division, BlueSnap said.
Installment-based payments platform Sezzle appointed former PayPal executive Reid Bork as vice president of enterprise sales, a newly created role in which he will be responsible for leading the company's large-scale retail acquisition efforts. Bork had been with PayPal since 2008, most recently serving as senior director of global accounts. He will be spearheading Sezzle's enterprise business development efforts, as Sezzle recommits its focus to large client acquisition following the company's recent capital raise, according to the company.
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