News from the Wire

AEVI taps Dumbrell to lead expansion into North America

Tuesday, December 06, 2016 — 13:30:21 (EST)

Paderborn, Germany, December 6, 2016 -- AEVI, a provider of an open ecosystem for secure transactions and value-added apps and services, appointed Jeff Dumbrell as General Manager North America, to lead the company's expansion into key North American markets. Dumbrell leverages his 20 years' experience in the payments and point-of-sale industry, including roles as Executive Vice President at Verifone, and CEO of PowaPOS, a tablet POS solutions provider.

"I believe the company's truly open ecosystem will transform the industry and provide our partners with the opportunity to take full advantage of rapidly evolving payments technologies, and differentiate themselves in the increasingly dynamic payments and POS space" says Dumbrell. "I'm excited to lead AEVI's growth initiatives in the Americas, and to leverage the experience and tremendous success that AEVI has already had in Europe and Asia Pacific."

AEVI's innovative and collaborative payment solutions are challenging the Americas payments industry to DO MORE. Providing American merchant acquiring partners with a fresh approach enables them to attract new merchants, whilst increasing productivity within existing merchant portfolios.

Reinhard Rabenstein, Managing Director AEVI said at Money 20/20"Jeff's experience and knowledge of the industry underscores AEVI's commitment to growth, and to delivering world-class technology infrastructure in the Americas region."

AEVI, a subsidiary of Diebold Nixdorf, provides merchant acquirers with a platform for generating new revenues, and reducing merchant attrition. The FinTech company's solutions include a global Marketplace of value-added apps and services, a selection of PCI-certified Android based SmartPOS devices, a payment gateway with switching infrastructures, and a comprehensive suite of cloud-based back office reporting tools.

AEVI's solutions are white-labelled, allowing merchant acquirers, ISV's, software and hardware VARs to reinforce their brand equity and create deeper relationships with their merchants. This open ecosystem approach also provides merchants with greater choice and flexibility, ultimately bringing them closer to their consumers.

About AEVI:

AEVI has developed a unique, open ecosystem to bring merchant banks and merchant acquirers closer to their merchants, and merchants closer to their consumers. AEVI provides a global gateway for secure payment transactions together with a marketplace for high-quality value-added apps and services (VAAS) providing new business opportunities beyond payments, which enables fast and effective innovation, plus enhanced control and flexibility. This combination delivers a reduced total cost of ownership for clients.

AEVI works with customers to help them embrace collaboration and adopt open solutions that have the power to deliver more value and better meet the needs of today's consumer.

In short, AEVI enables businesses to DO MORE.

AEVI International GmbH is a subsidiary company of Diebold Nixdorf and is headquartered in Germany with operations in the Czech Republic and the United Kingdom.

| www.aevi.com |

[1] The VAAS offering includes AEVI's Global Marketplace, a white-labelled business-to-business (B2B) app store for merchant banks and merchant acquirers. This allows AEVI to deliver a portfolio of high-quality and secure apps and services, enabling a whole new range of value propositions through innovative SmartPOS devices.

[2] AEVI's value added-apps and services (VAAS) offering is the world's first truly open store for business-to-business apps. AEVI is pushing the boundaries of collaboration to enable merchant banks and acquirers to provide choice to their merchants rather than locking them into a single system or device. AEVI offers a true alternative to serving merchants with an open platform approach for B2B apps and a complementary secure payments offering that enables omni-channel commerce.

[3] AEVI was nominated in KPMG and CB Insights as one of the largest Fintech funding deals in Europe: "The three largest Fintech funding deals in Europe in the second quarter were all in Germany: marketplace lender Finanzcheck raised $46 million; digital-only bank N26 raised $40 million; and payment provider AEVI raised $34 million." - Oscar Williams Grut, Business Insider UK, 17th August 2016

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Source: Company press release.