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IndustryUpdate

said the integration can help merchants add payment the European Women Payments Network to support
providers more quickly, adjust routing as requirements diversity and career advancement across payments and
change, and build more flexible and resilient payment fintech. Tribe will serve as a Silver sponsor of EWPN’s
operations. November annual conference. The company is also repre-
sented in EWPN’s Country Ambassador network by Rūta
Elavon and Sage renew their partnership Kairytė, Tribe’s commercial director for Northern Europe,
who became Lithuania’s ambassador in 2026. Kairytė, a
Elavon and Sage renewed their long-standing partner- payments and fintech veteran with more than 15 years
ship to continue providing integrated payment solutions of experience, leads Tribe’s commercial activity across
to Sage customers in the United Kingdom and Ireland. the Baltics and Nordics. The partnership will support
Sage 50 and Sage 200 customers will have access to networking, mentoring and professional development
Elavon’s acquiring and gateway capabilities, designed to opportunities for women across the European payments
simplify payment acceptance and support businesses as industry.
they grow. The companies said the partnership will help
customers expand payment options and pursue addi-
tional revenue channels without increasing operational ACQUISITIONS
complexity. Elavon’s solutions include embedded pay-
ment capabilities as well as fraud prevention and security Stripe, Advent continue PayPal acquisition talks
features. Both companies emphasized their shared com-
mitment to simplifying payments and helping businesses Stripe and private equity firm Advent International
navigate an increasingly complex payments environment. are reportedly continuing discussions to acquire PayPal
Holdings after an earlier offer was deemed too low. The
Findustry AI, Maverick automate companies proposed paying $60.50 per share in July 2026,
chargeback management valuing PayPal at more than $53 billion, according to
reports. Negotiations have continued over a potentially
Findustry AI and Maverick Payments partnered to inte- higher price, although no agreement has been reached
grate Findustry’s Chargeback Agent into Maverick’s pay- and a transaction remains uncertain. PayPal CEO Enrique
ments platform, giving partners an automated chargeback Lores, who took the helm in March, is pursuing a turn-
management offering for merchants. The AI-powered around that includes cost reductions, restructuring and
technology collects evidence from merchant systems, increased use of artificial intelligence. PayPal has not
interprets card network requirements, prepares rebut- publicly confirmed the acquisition discussions.
tals and submits responses automatically. Findustry said
customers have more than tripled recovered dollars while Western Union, Intermex
reducing time spent managing disputes. The compa- regulatory approvals mixed
nies cited growing chargeback volumes, particularly for
high-risk merchants, as driving demand for automation. Western Union and International Money Express
Maverick said the integration can help its ISOs, ISVs and (Intermex) provided an update on regulatory approvals
other partners strengthen merchant relationships while for Western Union’s pending acquisition of Intermex.
creating new recurring revenue opportunities. The New York State Department of Financial Services
approved the transaction, subject to certain Western Union
PayRange, Electrolux Professional commitments concerning remittance services and loca-
sign licensing agreement tions in New York. Meanwhile, the California Department
of Financial Protection and Innovation suspended an
PayRange signed a non-exclusive licensing agree- approval extension granted July 31, 2026, citing the need
ment allowing Electrolux Professional to incorporate for further review and examination of the transaction’s
PayRange’s patented mobile payment technology into impact on California operations. The companies plan to
payment solutions for commercial laundry equipment. address the regulator’s questions and seek reinstatement.
The arrangement will enable app-based payments to be Both remain committed to completing the acquisition
integrated directly into machines, reducing the need for once remaining conditions are satisfied or waived.
external hardware or aftermarket retrofits. Electrolux
Professional serves laundromats, multi-housing proper-
ties, universities and other commercial laundry environ- APPOINTMENTS
ments. The companies said integrated mobile payments
can simplify deployment for operators while giving SRM selects Jeffrey Bray
consumers faster, coin- and card-free payment options.
PayRange holds nearly 100 patents related to its unat- Jeffrey Bray joined SRM as technology practice leader,
tended retail payment technology. Financial and other responsible for setting growth strategy and advising bank
terms of the agreement were not disclosed. and credit union executives on technology road maps,
core conversions, digital transformation, cloud migration,
Tribe, EWPN partner to support women in payments AI adoption and vendor consolidation. Bray brings more
than 30 years of financial services technology, operations
Tribe Payments entered a year-long partnership with
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