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IndustryUpdate




          partners stated. Rolled out July 25, 2025, to select U.S.   Software  for  $1.25  billion  from  shareholders  led  by
          states and Galaxy smartphones, the feature supports eli-  Advent International. Iodine’s AI-powered clinical intel-
          gible Visa and Mastercard credit cards. The partnership   ligence software will enhance Waystar’s healthcare pay-
          aims to modernize in-store shopping by offering seam-   ments platform, helping over 1 million providers reduce
          less, mobile-enabled installments, boosting consumer    denials, automate tasks and boost financial performance,
          convenience and merchant sales.                         Waystar stated. The acquisition, expected to close by
                                                                  year-end 2025, will expand Waystar’s addressable mar-
        ACQUISITIONS                                              ket, accelerate AI innovation, and deepen relationships
                                                                  with leading health systems, the company affirmed,
                                                                  adding that Iodine’s subscription-based model and pro-
          Corpay to acquire Alpha Group                           prietary AI engine, IodineIQ, will integrate with Waystar
                                                                  AltitudeAI, improving automation  in documentation,
          Corpay Inc. disclosed a $2.2 billion acquisition of Alpha   claims and denial prevention.
          Group International plc, a UK-based provider of B2B
          cross-border FX and alternative bank accounts. The deal,
          offering a 55 percent premium to Alpha’s May 1 share   APPOINTMENTS
          price, aims to expand Corpay’s customer base to include
          investment funds and digital currency providers. The    Hrishi Talwar signs on with Hawk
          acquisition, scheduled to close in the fourth quarter of
          2025, is expected to enhance Corpay’s global reach and   Hawk has appointed Hrishi Talwar as vice president of
          is projected to be earnings-accretive in 2026. Alpha holds   product, fraud. Talwar brings nearly 30 years of experi-
          $3 billion in client deposits. Both companies said they   ence in financial services, risk management and product
          view the deal as a strategic fit, combining Corpay’s scale   leadership to the company. He has held senior roles
          with Alpha’s technology and client relationships.       at Equifax, Fiserv and Vesta, where he shaped fraud,
                                                                  compliance and analytics strategies for institutions of all
          Waystar to acquire Iodine Software                      sizes. At Hawk, he will lead development of advanced
                                                                  fraud prevention solutions using technologies like large
          Waystar formed a definitive agreement to acquire Iodine   transaction models and agentic  AI. Talwar sees this
                                                                  moment as a critical inflection point in fraud prevention
                                                                  and aims to drive innovation that enables real-time, effi-
             Payments is our Business                             cient responses to financial crime across the industry. He
                                                                  joins Hawk’s growing U.S. team.


                 • Expert Witness Consulting Testimony            Electronic Merchant Systems selects Nano Short
                 • Experience in Criminal & Civil cases           Nathaniel "Nano" Short is now the chief revenue officer
                 • Payment Facilitation                           at Electronic Merchant Systems, bringing more than
                 • RFP services                                   15 years of experience in payments and fintech to the
                                                                  company. Known for transforming sales teams and driv-
                 • Integrated Payments                            ing scalable growth, Short previously served as senior
                 • Least Cost Routing                             vice president of global SMB sales at Paysafe, where he
                 • Card Network Rules                             realigned sales structures for greater efficiency. He has
                 • Payment Gateways                               held senior roles at other leading payment tech firms,
                                                                  consistently demonstrating impactful leadership and
                 • Processor Selection                            strategic clarity. At EMS, Short will oversee sales channel
                 • 'Hard to Place Merchants'                      expansion and lead growth-focused initiatives.

             Let us demonstrate how our our Experience            Flexa hires Trey Swanson
                  and Knowledge can work for you!                 Flexa  appointed Trey  Swanson as head of  commercial
                                                                  to accelerate merchant adoption and global expan-
          Napa Payments and Consulting                            sion. Swanson brings extensive fintech and payments
                                                                  experience to the company, having previously driven
                                                                  U.S. growth at Checkout.com and helped scale PayPal
                   (707)601-7656                                  Braintree’s mid-market operations. At Flexa, he will lead
                                                                  growth, sales strategy and commercial partnerships as
          kenm@napapaymentsandconsulting.com                      the company expands. CEO Daniel McCabe praised
                                                                  Swanson’s strategic and enterprise expertise, while
          napapaymentsandconsulting.com                           Swanson expressed enthusiasm for advancing crypto
                                                                  and stablecoin adoption.


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