The Green Sheet Online Edition
May 26, 2025 • 25:05:02
Industry Update
ANNOUNCEMENTS
Billtrust celebrates 2025 Trailblazer Award winners
Billtrust honored standout clients at its 2025 Trailblazer Awards ceremony on May 14, 2025, during the Billtrust Insight conference. The awards recognize excellence in digital transformation of order-to-cash processes. Charles Edwards of SRS and Heritage Family of Companies was named Champion of the Year for innovative AR integration. AvidXchange earned Partner of the Year, while Cintas' Kerry Banks and Scott Hess entered the Hall of Fame.
Other honorees included Dobbs Truck Group, Worldpac, Edges Electrical Group, Inspire Medical Systems, 84 Lumber and Peak Industrial, which were honored for their sustainability, payments automation, customer experience and AI-driven credit management.
Binance joins Association for Women in Cryptocurrency
Binance is now a sponsor of the Association for Women in Cryptocurrency, a global community dedicated to advancing education, inclusion and opportunities for women in cryptocurrency, blockchain and Web3. Binance, committed to promoting financial freedom and equity, aims to help ensure women are active participants in shaping the future of digital finance. As part of this partnership, Binance will support
AWIC's educational, mentoring and networking initiatives and collaborate on broader efforts to foster gender equality in the industry. AWIC CEO Amanda Wick praised Binance's commitment, highlighting its inclusive workforce and support for women's leadership in crypto.
CorServ a Best Place to Work in Fintech
CorServ, a provider of credit card issuing solutions for banks and fintechs, was named one of American Banker's 2025 Best Places to Work in Fintech, ranking sixth on the list. This marks CorServ's fourth consecutive year receiving the honor. The recognition is based on a two-part evaluation: an anonymous employee survey measuring satisfaction and workplace culture, and a review of company policies and practices. Corserv CEO Anil Goyal credited the team's trust, collaboration and passion for the achievement. Founded in 2009, CorServ specializes in commercial and virtual card programs, with a focus on U.S.-based service and technology excellence.
Agentic AI ransomware an imminent threat, KnowBe4 says
Cybersecurity platform KnowBe4 warned that agentic AI ransomware—automated, AI-driven ransomware attacks—will soon pose a major threat. Announced on International Anti-Ransomware Day, the prediction comes amid rising ransomware payments, which averaged $2.73 million in 2024. Agentic AI ransomware uses bots to carry out every stage of an attack—gaining access, analyzing environments, and launching targeted, escalating assaults—all faster and more efficiently than current methods. KnowBe4's Roger Grimes urges early defensive adoption of AI tools, noting that cybercriminals typically weaponize new technologies within six to 12 months.
Transactix aims for new era in Canadian payments
Transactix Financial Inc. launched the Open Value Network, stating it is a unified payments platform designed to reduce the high fees and inefficiencies plaguing Canada's financial system. Based in Calgary, Transactix aims to make transferring digital value—tokens, points, credits, stablecoins, crypto or fiat—as fast and affordable as sending a text.
OVN uses modern, blockchain-native infrastructure to eliminate outdated costs imposed by legacy systems and dominant financial institutions, the company stated, adding that the platform supports fintech innovation, advocates for regulatory modernization and promotes economic sovereignty. OVN, Transactix believes, is positioned to empower consumers, drive fintech growth and help Canada remain competitive in the global digital currency landscape.
RESEARCH
In-app wallets becoming go to tool for saving, earning
As consumers face rising living costs, new research from Mangopay highlights growing adoption of in-app wallets as both a payment method and financial tool. One in four UK residents now use in-app wallets up to three times a week, making them the second most popular payment option after cards. Benefits include earning rewards, receiving faster refunds and accessing budgeting tools. Usage is highest among 16- to 24-year-olds but limited among older adults due to trust and data security concerns. With loyalty rewards and cashback driving engagement, platforms that integrate secure, feature-rich wallets stand to boost customer retention and thrive in a competitive market, Mangopay found.
QR sign-ins surgeon BofA's CashPro platform
Bank of America's CashPro platform now sees daily QR code sign-ins by thousands of CFOs and treasurers, with usage recently surpassing two million and growing 60% in the past year. Introduced in 2022, QR Sign-In simplifies access by replacing passwords and physical tokens with biometric authentication via mobile devices. Especially popular in Europe, the feature enhances security and convenience. Glencore's Karen Davis praises the technology for its speed and ease of use. CashPro continues to gain recognition with recent awards for innovation and customer experience, reinforcing BofA's commitment to digital transformation and client-focused financial technology.
U.S. drivers desire food ordering via in-car voice assistant
SoundHound AI's latest study revealed strong consumer demand for in-vehicle voice ordering, signaling a major shift toward voice commerce. Of U.S. drivers surveyed, 77 percent prefer ordering food via a car's voice assistant over waiting in drive-thru lines, and 73 percent would likely use in-car voice commerce if available. The technology offers a seamless, hands-free experience by integrating ordering, payments, loyalty and navigation, SoundHound stated. The company estimates this shift could unlock up to $63 billion in revenue for restaurants. Demand is especially high among Gen Z, millennials and families desiring safety, speed and convenience while on the go.
UK crypto regulation shows promise amid uncertainty
A Clear Junction poll of 150 crypto and financial experts, conducted hours after the UK released draft crypto asset legislation, revealed cautious optimism and pressing concerns. Half of respondents indicated they believe the UK could become a global crypto hub—depending on regulatory implementation—while only 15 percent said the UK is already on the right path. Just 9 percent of firms indicated they feel fully prepared for the new rules, with most still assessing or uncertain.
Experts called for clearer guidance, noting global frameworks like MiCA and the upcoming FCA licensing regime as critical. The UK's regulatory progress was praised, but high licensing costs and ambiguity hinder confidence and readiness.
PARTNERSHIPS
Bluefin, Verifone team up on PCI-validated P2PE
Bluefin and Verifone said they partnered to integrate Bluefin's Decryptx PCI-validated point-to-point encryption (P2PE) solution into Verifone's Commander platform, which serves over 50,000 convenience and fuel retailers globally. This integration secures payments across forecourt, indoor, and unattended terminals, helping merchants reduce PCI compliance scope by up to 90 percent while maintaining robust data protection. Verifone Commander, known for managing payments, fuel and operations efficiently, will now offer enhanced security through Bluefin's proven encryption technology. The partnership is tailored for complex C-store and petroleum environments and was showcased at Verifone's VCF customer conference on May 19.
MC, MoonPay aim to mainstream stablecoin payments
Mastercard and MoonPay partnered to enable global payments using stablecoins. This will allow consumers and businesses to spend stablecoin balances via Mastercard-branded cards, which convert funds to fiat at over 150 million locations. Powered by Iron's API infrastructure, acquired by MoonPay, the initiative will support seamless payouts, cross-border transfers, and stablecoin-based disbursements for gig workers and creators. The partnership combines Mastercard's global payments network with MoonPay's reach across 500+ crypto platforms and 100 million users, the partners noted. With stablecoin usage rapidly growing, MoonPay noted, the collaboration helps integrate crypto with mainstream finance, offering secure, scalable solutions that redefine how money moves.
Pushpay unveils new partnerships, integrations
Pushpay, a provider of payments and engagement solutions for mission-driven organizations, celebrated three new strategic partnerships and product integrations aimed at helping churches build stronger communities. These include a partnership with VisitorReach, offering tap-to-engage VisitorTap technology for seamless guest interaction; a Mailchimp integration that connects church management system (ChMS) data to streamline personalized communications; and an integration with StudioC to deliver targeted content through Pushpay's mobile app, guiding users along their spiritual journey. These innovations address key communication challenges faced by churches, as identified in Pushpay's 2025 State of Church Technology report, and further expand its ecosystem of over 80 integrations, the company noted.
TreviPay, Albertsons to offer by Invoice for businesses
TreviPay partnered with Albertsons Companies Inc. to offer Pay by Invoice to corporate shoppers, including small businesses, schools and community organizations. The program provides dedicated credit lines with 30-day net terms for online grocery purchases, along with a self-serve portal for managing spending limits, invoices and payments. TreviPay also assumes credit risk and automates A/R, enabling Albertsons to focus resources on enhancing customer experiences.
The service is available across Albertsons' banners, including Safeway, Vons and Jewel-Osco. With 72 percent of business buyers more loyal to retailers offering preferred payment options, this initiative boosts flexibility, loyalty and financial management, the partners stated.
Zaggle, Mesh Payments tackle global spend management
Zaggle, known as India's leading spend management platform, partnered with Mesh Payments to enhance cross-border expense management for global businesses. This strategic alliance allows Indian multinationals to manage global expenses through Mesh's corporate card capabilities across the United States, Europe and LATAM, while Mesh's international clients operating in India can tap into Zaggle's extensive ecosystem of corporate cards, forex solutions and travel services.
The collaboration offers finance teams greater control, visibility and efficiency across currencies and regions, strengthens Zaggle's international footprint and supports Mesh's expansion into the Indian market, the partners stated. This positions them to redefine global spend management with local expertise, they added.
ACQUISITIONS
Project Clarion available for sale or acquisition
Investment advisory firm 733Park stated it is representing Project Clarion, a rapidly growing cross-border payments and FX infrastructure platform, in a potential sale or acquisition. Clarion offers a turnkey global payments solution with embedded compliance, multi-currency accounts, flat-fee FX and real-time reporting. With over 3,000 customers, $1 billion in annual volume and rising profitability, it presents a rare opportunity for strategic buyers, 733Park noted. Key 2024 highlights include $4.2 million in revenue (up 19.5 percent), 79,000 transactions, and 20 percent customer growth. Already integrated with banking rails in the United States, Europe and Israel, Clarion is positioned for international expansion in a $194.6 trillion market, the firm added.
DAT streamlines payments with Outgo acquisition
DAT Freight & Analytics acquired Outgo Inc., a fintech company that streamlines payments and back-office tasks for trucking firms, with the goal of enhancing DAT's freight marketplace with fast, transparent payment services. Outgo automates broker setup, invoicing, factoring and collections, settling approved invoices in as little as 15 to 90 minutes, Dat stated. The acquisition is expected to allow DAT One users to access Outgo's AI-powered tools, enabling quicker payments for verified loads. Founded in 2022 by former Uber and Convoy leaders, Outgo will continue operating from Seattle under DAT's umbrella. Outgo CEO Marcus Womack joins DAT's executive team, supporting integrated, scalable innovations in freight payments and financial services.
Finastra to sell TCM division to Apax affiliate
Finastra agreed to sell its Treasury and Capital Markets (TCM) business to an affiliate of Apax Partners, with plans to rebrand TCM as an independent company. Serving over 340 financial institutions globally, TCM provides tools for trade lifecycle management, compliance and risk, including products like Kondor, Summit and Opics. The sale will allow Finastra to focus on core offerings and fund future growth. Backed by Apax's expertise, TCM is expected to accelerate innovation, strengthen its cloud capabilities and enhance customer service. The transaction is set to close in the first half of 2026, pending customary approvals.
APPOINTMENTS
Nancy Langer joins CSI
Veteran fintech leader Nancy Langer was appointed president, CEO and board member of CSI, bringing over 35 years of experience in digital transformation and growth strategy to the company. Langer has held key roles at Metavante, FIS, CoreLogic, and most recently led Transact Campus through a successful acquisition and integration. She is widely recognized as a pioneer in digital banking and online bill pay, and her leadership has consistently delivered revenue growth and innovation. Known for her client-first mindset, Langer plans to inspire a culture of innovation at CSI. She has earned accolades including the Women in Payments' Change Agent of the Year"
Pavilion Payments promotes Lori Lawson
Lori Lawson was promoted to chief operations officer at Pavilion Payments, bringing more than 19 years of experience in gaming, payments and technology operations to her new role. Since joining the company in 2021, she has led major initiatives including launching a technician help desk, expanding project management functions, and driving the company's operational separation from Global Payments. Known for her results-driven, collaborative leadership, Lawson holds credentials as a Six Sigma Black Belt and Certified Scrum Master. As COO, she will oversee customer success, product implementations, and PMO, with a focus on accelerating deployments and delivering exceptional service.
Sharon Nosar signs on with PayBright
Sharon Nosar, newly appointed tech Manager at PayBright, brings nearly a decade of experience in the payments industry to her leadership role. Beginning her career in customer service at an ISO, she rose to senior vice president of operations at a full-service provider, gaining expertise across operations, technical support, chargebacks, and agent and merchant relations. At PayBright, she will lead efforts to improve internal processes, implement advanced technology solutions, and foster a relationship-driven, responsive support culture. Known for her hands-on leadership style, Nosar aims to deliver real-time, effective tech support while strengthening collaboration across departments and enhancing the customer experience.
Bureau taps Vanita Pandey
Bureau appointed Vanita Pandey as chief marketing officer to lead its global go-to-market strategy and accelerate growth across key regions, including the Americas, Middle East and Southeast Asia. With more than 15 years of experience in digital identity, fraud prevention and financial services, Vanita has held leadership roles at firms such as Arkose Labs, Visa and CAF. She will drive AI-powered marketing, demand generation and brand positioning to establish Bureau as the top digital trust partner. Her appointment underscores Bureau's mission to build trusted infrastructure for the digital economy and combat evolving fraud risks, the company said. 
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