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IndustryUpdate

ing its AI-powered platforms with CyberArk's leader- Clay Carter joins Ncontracts
ship in privileged access management. The partnership
aims to secure human, machine and AI agent identities, Clay Carter is the new chief information security officer
strengthen platform integration, and modernize enter- at Ncontracts, bringing nearly two decades of cyberse-
prise security. Approved by both company boards, the curity leadership to the role. He will oversee the com-
transaction is expected to close in the second half of fis- pany's security strategy across its SaaS platform and
cal 2026. infrastructure, with a particular focus on trustworthy
AI and machine learning governance to protect financial
Global Blue now Shift4's subsidiary services clients. Carter previously served as senior vice
president and CISO at Nielsen, guiding security through
Shift4 Payments completed its squeeze-out merger of a $16 billion transaction, and held senior roles at Xylem
Global Blue under Swiss law, making Global Blue a Inc. and GE Digital. Holding engineering degrees from
wholly owned subsidiary. The transaction canceled the University of Virginia, he is recognized for building
the remaining 2.63 percent of Global Blue shares not world-class security programs and fostering a culture of
acquired in Shift4's earlier tender offer, converting them security by design.
into $7.50 per share in cash, subject to withholding taxes.
Shareholders approved the merger on Aug. 18, 2025, Úna Dillon appointed to PCI SSC in Europe
and Global Blue has been voluntarily delisted from the
NYSE. Shift4 had already purchased approximately The PCI Security Standards Council appointed Úna
97.37 percent of outstanding shares through its July 3 Dillon as regional director, Europe. In this role, she will
tender offer, consolidating ownership and expanding serve as the primary liaison for European payment secu-
Shift4's global commerce technology portfolio. rity stakeholders, focusing on promoting PCI SSC stan-
dards and strengthening data security awareness across
Western Union to acquire the region. Dillon brings 28 years of payments industry
International Money Express experience, most recently at the Merchant Risk Council,
where she led global advocacy, regulatory engagement
Western Union agreed to acquire International Money and fraud prevention strategies. Her expertise in com-
Express in an all-cash transaction valued at approxi- pliance, regulation and financial services strategy will
mately $500 million, or $16 per share—a 50 percent support the PCI SSC's mission of fostering collabora-
premium to Intermex's 90-day VWAP. The deal strength- tion, enhancing stakeholder participation and advancing
ens Western Union's U.S. retail operations, expands its global payment security standards.
footprint in high-growth Latin American markets and
accelerates digital customer acquisition. Intermex's 6 PayGround appoints Joshua Cooper
million customers will gain access to Western Union's
global digital platforms, while operational and cultural Joshua Cooper joined PayGround as head of product,
expertise will enhance retail growth. The transaction, bringing more than a decade of experience in healthcare,
closing in mid-2026, is expected to deliver $30 million in healthtech and fintech to the company. Known for driv-
annual cost synergies within 24 months. ing innovation and operational discipline, Cooper has
helped early-stage companies become category leaders
through integration strategies and product scaling. Most
APPOINTMENTS recently director of product management at Relatient,
Cooper also spent several years at Allscripts and other
Ahad Azhar joins Founders Bank high-growth organizations. At PayGround, he will lead
platform development, focusing on lifecycle manage-
Founders Bank appointed Ahad Azhar as vice president ment, provider adoption and a patient-first experi-
and treasury management officer. With more than 14 ence. Passionate about redefining healthcare payments,
years of experience in banking and treasury solutions, Cooper likened PayGround's mission to transformative
Azhar has built a strong reputation for fostering trusted shifts made by Uber and OpenTable.
relationships and supporting clients' long-term success.
In his new role, he will focus on delivering custom-
ized treasury management strategies designed to help
businesses streamline operations, improve efficiency
and achieve growth objectives. His expertise and client-
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