The Green Sheet Online Edition
June 23, 2025 • 25:06:02
Industry Update
ANNOUNCEMENTS
BofA clients embrace $10M real-time payments limit
The Clearing House recently raised the real-time payments (RTP) limit from $1 million to $10 million, enabling broader B2B use cases for Bank of America clients. As a key RTP network developer, BofA now allows corporate customers to send higher-value payments instantly—expanding use to real estate, deal closings and other large transactions. In just six weeks, payments over $1 million made up over half the value of BofA's RTP volume, BofA noted. Operating 24/7 with instant settlement, transparency and ISO 20022 messaging, RTP can enhance cash flow and efficiency, the bank stated, adding that its clients also benefit from a full suite of payment solutions and innovations.
It's time to stop summer chargeback losses
Chargebacks911 warned of a sharp rise in payment disputes during the 2025 summer travel season, which follows a record-breaking 1.4 billion international tourist arrivals in 2024. With chargebacks in this sector averaging $120—the highest of any industry—and nearly half deemed fraudulent, businesses face significant risks to margins and operations, researchers found. Common triggers include service issues, booking confusion and friendly fraud. Providers are urged to adopt proactive strategies: clear policies, responsive customer service, pre-arrival communication, chargeback alerts, advanced fraud tools and post-trip follow-ups to reduce disputes and protect revenue during peak demand.
CMX names Alkami 'Best New Community'
Alkami Technology won the Best New Community award at the 2025 CMX Community Industry Awards for its revamped customer community launched in April 2024. The online hub, built on Gainsight's Customer Communities platform, offers self-registration, real-time analytics, and engagement features like forums and events. The community rapidly grew from 275 to over 3,600 users, achieved a 96.6 percent adoption rate, and earned an 85 percent customer satisfaction score, award judges noted, adding that with strong participation in 35+ events and initiatives like "Tip Tuesday," Alkami has created a vibrant space for collaboration, feedback and innovation—reinforcing its leadership in both digital banking and customer engagement.
PNC Bank targets micro merchants
PNC Bank launched PNC Mobile Accept, a mobile payment solution tailored for micro businesses processing under $300,000 in annual card transactions. Integrated into the PNC Mobile app, it allows users to securely accept credit and debit card payments via manual entry or a compact card reader, the bank stated. With no monthly fees, quick access to funds (typically within two days) and features like tax-and-tip settings and real-time tracking, it offers enterprise-level functionality at a micro-business scale, PNC added. Designed to overcome common barriers like high fees and approval delays, the tool is available to PNC business checking clients online and at PNC branches.
RESEARCH
Hospitality leaders on track to meet security goals
FreedomPay and Toast released findings from their April 2025 Enterprise Merchants Needs Assessment Study, surveying 200 hospitality decision-makers on payment solution priorities. The results highlight a strong focus on data security, seamless integration and growth enablement. Ninety-seven percent of respondents expressed confidence in meeting future cybersecurity goals; all participants saw integrated payments as highly valuable—up significantly from 2024. Scalability also emerged as critical, with 92 percent citing its importance. The study confirmed that flexible, secure and customer-centric payment experiences are vital for success, FreedomPay and Toast stated.
Millennials reshape payment landscape, PXP
A new study by PXP revealed millennials are embracing digital wallets—especially those with multi-currency features for international travel—while prioritizing payment security. Sixty-four percent of respondents in the study indicated they value digital wallets, and 40 percent rank security as their top concern. While many still use debit and credit cards, mobile wallets like Apple Pay are gaining traction, particularly among younger millennials, researchers found. Online shopping dominates, but payment preferences shift by context: cash remains popular for dining out, debit cards for groceries and credit cards for high-ticket items. Findings further indicate millennials also favor personalized experiences, rewards and low fees.
Strong growth projected for hotel, hospitality software
SNS Insider reported that the global hotel and hospitality management software market, valued at $3.63 billion in 2023, is projected to reach $6.88 billion by 2032, growing at a 7.40 percent CAGR. This anticipated growth is fueled by increased demand for AI-powered property management, contactless guest services and robust cloud infrastructure. Property management software leads in market share, while central reservation tools and hybrid deployment models are the fastest-growing segments. Hotels dominate by end use, but restaurants and bars are adopting software rapidly. North America currently leads, while Asia-Pacific is expanding fast. Major players include Oracle, Microsoft, Cloudbeds, Mews and StayNTouch, with recent innovations enhancing automation and personalization.
Visa reports on digital remittances adoption 2025
Visa's Money Travels: 2025 Digital Remittances Adoption Report revealed a strong shift toward digital remittance apps in North America, favored for their convenience, reliability and security. In the United States., 69 percent of respondents prefer apps for sending remittances, and 61 percent for receiving. Similar trends were seen in Canada. Traditional methods like cash and checks continue to decline. While users value ease of use and privacy, high fees remain a concern, particularly with hidden charges in non-digital transactions. Visa highlighted the growing role of digital tools—including stablecoins—in improving remittance speed, affordability and transparency as demand for global money transfers continues to rise.
PARTNERSHIPS
Axxess, Rellevate team up on fintech services
Axxess, a provider of healthcare-at-home technology, partnered with Rellevate to provide innovative digital banking and instant payment solutions for the healthcare workforce. This collaboration allows Axxess clients to offer faster wage access, improving financial wellness, job satisfaction and staff retention while easing administrative burdens, the partners stated, adding that Rellevate's platform delivers secure, modern financial tools tailored to the needs of frontline caregivers, helping healthcare organizations attract and retain talent. Leaders from both companies emphasized the shared mission to support the healthcare sector with convenient, impactful solutions that recognize and enhance the daily lives of dedicated care professionals.
FlightLogger, BlueSnap ease aviation training payments
FlightLogger, a flight training management software provider, selected global payment orchestration platform BlueSnap as its international payments partner. Serving over 200 flight schools in 50+ countries, FlightLogger said it chose BlueSnap for its strong international processing, single integration and flexible payment capabilities. The partnership, recommended by PayTech Partners, enables recurring payments, reminders and flexible options, helping reduce late payments and enhance financial accessibility for pilot trainees, BlueSnap stated. With BlueSnap, FlightLogger has streamlined global payment operations, cut administrative costs and improved onboarding for schools, the partners noted, adding that the collaboration supports FlightLogger's mission to simplify aviation training and scale efficiently worldwide.
PayPal USD to launch on Stellar blockchain
PayPal plans to launch its stablecoin, PayPal USD, on the Stellar blockchain, pending regulatory approval from the NYDFS. Stellar's fast, low-cost infrastructure will enhance PYUSD's utility for real-world payments, cross-border transfers, and financial services like business loans and working capital, PayPal stated. This expansion is expected to provide PYUSD users broader access to Stellar's global network of wallets, cash networks and local payment systems. The integration aims to strengthen stablecoin use in everyday transactions, especially in emerging markets. Additionally, PayPal noted, PYUSD on Stellar could support innovative financing tools like PayFi, offering real-time liquidity for small businesses with instant settlement and minimized operational friction.
Trillion Digital joins Borderless.xyz Network
Borderless.xyz, a global payments infrastructure provider, integrated Trillion Digital, an institutional stablecoin liquidity provider, into its network. This partnership is designed to enhance Borderless.xyz's single-API platform by adding Trillion's robust trading infrastructure and deep liquidity pools, enabling real-time stablecoin access across major pairs. Financial institutions, PSPs and corporates can now execute large transactions with greater precision, lower risk and improved cross-border settlement efficiency, the partners stated. The collaboration supports Borderless.xyz's mission to unify top stablecoin venues into one seamless network, streamlining global payments and expanding access to reliable, institutional-grade stablecoin liquidity for enterprise users worldwide, they added.
ACQUISITIONS
365 Retail Markets to acquire Cantaloupe
Cantaloupe Inc. agreed to be acquired by 365 Retail Markets in an all-cash deal valued at approximately $848 million. Backed by Providence Equity Partners, the transaction is expected to combine Cantaloupe's payment and software services with 365's self-checkout innovations to create a global leader in unattended retail.
The merger aims to expand market reach, enhance product offerings and unlock synergies through cross-selling, cost savings and R&D investment. Cantaloupe shareholders will receive $11.20 per share, a 34 percent premium. The deal, unanimously approved by Cantaloupe's board, is expected to close in the second half of 2025, after regulatory and shareholder approvals.
Fiserv to acquire AIB Merchant Services
Fiserv Inc. stated it will acquire the remaining 49.9 percent stake in AIB Merchant Services, making it the sole owner of one of Ireland's largest payment solution providers. Founded in 2007 as a joint venture with AIB Group, AIBMS has grown into a major European ecommerce acquirer. Fiserv plans to accelerate growth across Ireland and Europe, with a focus on expanding its Clover POS platform. AIB will continue referring merchant customers to AIBMS under Fiserv's leadership. The deal reflects Fiserv's commitment to innovation and local market growth and is expected to close in the third quarter of 2025, pending regulatory approvals and customary conditions, Fiserv added.
Shift4 further extends offer to acquire Global Blue
Shift4 Payments reported it has extended its all-cash tender offer to acquire all outstanding shares of Global Blue Group Holding AG through its subsidiary, GT Holding 1 GmbH. The offer, part of a February 2025 agreement, has already received 96.95 percent of Global Blue shares tendered and is pending regulatory approvals and other closing conditions.
Global Blue's board unanimously recommended shareholders accept the offer, which now remained open until one minute after 11:59 p.m. on June 23, 2025. The transaction is expected to close by the third quarter of the year. Shareholders who have already tendered do not need to take further action.
APPOINTMENTS
TreviPay welcomes Matt Dewell
TreviPay appointed Matt Dewell as its new chief information security officer, bringing nearly 20 years of experience in compliance, audit and cybersecurity to his new role. Dewell has held leadership roles at KPMG, TouchNet and Global Payments, where he focused on delivering secure, compliant solutions worldwide. At TreviPay, he will align security strategies with business goals, embedding protection into every layer of technology to support client growth. Dewell holds multiple certifications, including CDPSE, CISM, and CISA, as well as an MBA from Kansas State University. He aims to position security as a competitive advantage in the evolving B2B payments landscape.
Ankush Gorav signs on with LoanTube
LoanTube selected Ankush Gorav as its chief technology officer to drive platform innovation and support its upcoming product and market expansion. With over 18 years of experience in engineering leadership, Gorav has held senior roles at major fintech and ecommerce firms, including BharatPe and PayU. At BharatPe, he scaled payments and credit systems serving over 13 million merchants. Known for aligning product, data and engineering, he excels in building scalable, compliant fintech infrastructure. At LoanTube, Gorav will focus on enhancing lender integrations, personalization through data science, and embedded finance capabilities to better serve underserved consumers and SMEs across the UK.
Sunil Sadasivan joins NGP VAN
NGP VAN appointed Sunil Sadasivan as its vice president of engineering, recognizing his deep expertise in progressive technology and campaign infrastructure. Sadasivan brings a wealth of experience, having founded Pingdex, a widely used fundraising app. He also modernized systems at the Department of Veterans Affairs and was the founding CTO of consumer tech startup Buffer. Known for his AI-informed mindset and passion for empowering movements through technology, Sadasivan aims to bring scalable, user-focused solutions to campaigns at all levels.
74Software appoints Julia Siepmann
74Software appointed Julia Siepmann as group chief human resources officer. With over 20 years of global HR leadership experience in technology-driven organizations, Siepmann is known for spearheading cultural transformation, advancing employee engagement and implementing inclusive HR frameworks. She previously served as CHRO at Nielsen's Analytics Portfolio and held key HR roles at Teradata across London and Singapore. Siepmann brings a thoughtful, structured approach to organizational development, 74Software stated. At 74Software, she will lead talent strategy and culture-building initiatives to support the company's growth and foster a high-performing, inclusive and sustainable work environment.
Stax Payments taps Kevin Wall
Kevin Wall joined Stax Payments as chief financial officer, bringing over 15 years of financial leadership in the payments industry to the role. Wall previously served as CFO of Paysafe Group's payments processing division and held senior finance positions at Fidelity Information Services. Known for steering complex financial structures and scaling multi-channel operations, he joins Stax at a key moment of strategic expansion. Wall expressed enthusiasm for Stax's innovation and growth potential, aiming to advance its financial strategy and operational scale. His appointment strengthens a growing executive team poised to elevate Stax's position in the evolving payments landscape. 
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