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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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