The Green Sheet Online Edition
August 25, 2025 • 25:08:02
Industry Update
ANNOUNCEMENTS
Fleetworthy awarded patent for fleet efficiency technology
Fleetworthy celebrated its third patent for the Drivewyze by Fleetworthy weigh station bypass service, marking its 22nd patent overall. Patent 12,327,434 covers innovations including dual-mode logic for managing weigh station bypass and toll payments, user-selectable privacy controls, customizable notifications and an enhanced driver interface.
Drivewyze by Fleetworthy disrupted traditional bypass methods by embedding transponder-like functionality into ELDs and mobile devices, eliminating extra hardware, the Fleetworthy noted.
The platform also integrates proactive in-cab safety alerts for rollover zones, slowdowns and low-clearance bridges. T
his patent reinforces Fleetworthy's innovation strategy, advancing AI-driven automation to improve fleet safety, compliance and efficiency while protecting intellectual property, the company added.
Nacha releases Spanish-language resources
Nacha's Payments Innovation Alliance released three new Spanish-language resources to help financial institutions protect Spanish-speaking consumers from financial scams.
Developed by the Alliance's Consumer Financial Exploitation Project Team, the materials focus on raising awareness about money mule schemes and mobile scams.
They include an infographic explaining how individuals may unknowingly aid fraudsters, a video highlighting the risks of "easy money" and a discussion guide offering tips to avoid mobile-based scams. Designed for easy sharing across digital and branch channels, these resources expand access to fraud prevention education and support safer financial practices for Spanish-speaking communities, Nacha pointed out.
Nuvei expands global money movement capabilities
Nuvei expanded its global money movement capabilities to deliver faster, more cost-effective cross-border payouts, especially in emerging markets where traditional banking infrastructure causes delays.
By leveraging stablecoin rails on the backend, Nuvei noted, it enables same-day or next-day settlement of fiat directly into recipients' bank accounts, bypassing slow and costly SWIFT transfers.
This enhancement complements Nuvei's existing payout options, including bank transfers, real-time networks, eWallets and cards across 200 markets and 150 currencies. Supporting use cases like intra-company treasury, vendor payments, payroll and remittances, the solution also optimizes FX rates, helping businesses scale globally with efficiency, transparency, and reliability, Nuvei added.
Casap raises $25M to address payment disputes with AI
Casap, a provider of AI-powered dispute and fraud automation, raised $25 million in Series A funding led by Emergence Capital, with participation from Lightspeed, Primary and SoFi, bringing total funding to $33.5 million, Casap stated.
The company noted that it addresses outdated, costly dispute processes and rising first-party fraud with its intelligent platform, which streamlines the dispute lifecycle, cutting fraud losses by over 51 percent for clients while boosting ROI and trust.
Casap added that with demand surging, it intends to expand fraud scoring, AI decisioning and post-transaction automation, reshaping financial institutions' operations and strengthening consumer loyalty.
RESEARCH
FPC studies ISO 20022 in cross-border, real-time payments
The U.S. Faster Payments Council released a new report, sponsored by Mastercard, showcasing how ISO 20022 is transforming cross-border real-time payments.
Titled ISO 20022: Data Rich Messaging Advances Top Cross-Border Real-Time Payment Use Cases, the report highlights buyer-to-supplier payments, tourism and retail transactions, and financial inclusion.
ISO 20022's structured, standardized data enables faster processing, improved compliance, reduced costs and seamless interoperability, the FPC found. Real-world examples include U.S. manufacturers streamlining supplier payments, tourists making instant FX transactions and entrepreneurs in developing markets accessing global tools. The report emphasizes ISO 20022 as a strategic enabler of innovation, bridging systems and driving financial inclusion worldwide.
More than half of credit cardholders financially unhealthy
J.D. Power's 2025 U.S. Credit Card Satisfaction Study found that 56 percent of cardholders are financially unhealthy, with 53 percent carrying revolving debt.
Satisfaction rose slightly year-over-year to 611 (on a 1,000-point scale), driven by financially healthy customers, especially those with rewards and annual-fee cards.
Financially strained customers reported lower satisfaction and reduced spending, with greater buy now, pay later usage.
Merchant surcharges hurt satisfaction, prompting many to switch payment methods. Awareness of issuers' AI use is low, but one-third of participants in the study expect security benefits. American Express ranks highest among issuers. The study, based on 37,293 responses, examined satisfaction factors including account management, rewards and customer service.
Baby boomers choose security over payment preference trends
PXP's latest research highlights baby boomers' preference for reliability over novelty in payments.
While comfortable with digital transactions, respondents in the study favor debit and credit cards—47 percent and 40 percent usage respectively—over mobile wallets or wearables. They cited security (61percent), clarity and familiarity as top priorities. Cash still plays a role, especially socially.
Few use emerging payment tech; just 1 percent use mobile wallets for big purchases. Frustrations include hidden fees and unclear refund policies, while clear pricing and accepted payment methods abroad rank high among those surveyed.
PXP's new platform, PXP Unity, aims to meet boomers' expectations with secure, easy-to-use, omnichannel solutions that avoid unnecessary complexity.
Asia-Pacific digital payments market 2025 report available
ResearchAndMarkets.com's -Pacific Digital Payments 2025 report forecasts non-cash transactions in the region will reach 1.5 trillion by 2028, with digital wallets accounting for 66 percent of POS payments by 2027, up from 50 percent in 2023.
Growth is driven by China, Indonesia and South Korea, while cards remain strong in Japan and Australia, and cash persists in markets like Vietnam and Malaysia, researchers found.
AI is transforming fraud prevention, credit access and operations, with Southeast Asian firms expecting 7 to 9 percent cost savings and up to 9 percent revenue growth by 2027. In addition, regulatory initiatives, such as India's UPI and Indonesia's QRIS, are streamlining cross-border and domestic payments.
AI-powered software solving e-payments dilemma
The Hackett Group released its Digital World Class® Matrix on cash application software, highlighting AI-driven automation as a key to unlocking up to $15 million in unapplied cash and transforming finance operations.
With CFOs prioritizing cash flow, automating invoice-level payment matching delivers a 63 percent staff reallocation and 43 percent cost reduction across receivables researchers found.
The study evaluated 15 vendors on integration, usability and value, with median auto-match rates at 70 percent and top users exceeding 80 percent. Gen AI, the matrix also noted, is emerging to resolve short payments and deductions, accelerating efficiency, and implementations typically deliver rapid ROI in three to six months, driving both cost savings and agility
Operational resilience needs real-time business monitoring
Vyntra, created from the merger of NetGuardians and Intix, released a report titled Operational Resilience Redefined: The Essential Role of Real-Time Business Monitoring, highlighting real-time monitoring as critical to financial institutions' resilience strategies.
With rising systemic risks, costly outages and heightened regulatory expectations, Vyntra argued that traditional approaches are insufficient, and real-time tools provide immediate visibility into disruptions, enabling faster responses, regulatory compliance and customer reassurance.
Beyond risk management, Vyntra framed monitoring as a competitive advantage, helping institutions maintain service continuity, strengthen reputations and improve crisis communication. The report positions real-time transaction intelligence as essential for both resilience and long-term success.
PARTNERSHIPS
Midnight Foundation, Fireblocks to expand access to Web3
The Midnight Foundation, dedicated to advancing the privacy-focused Midnight blockchain, partnered with Fireblocks, a digital asset custody and settlement platform.
Fireblocks will support institutional custody of $NIGHT, Midnight's utility token. This is expected to enable secure participation in Glacier Drop, a multi-phase airdrop distributing 100 percent of $NIGHT supply across eight major blockchains. Midnight leverages zero-knowledge proofs to balance privacy with compliance, empowering hybrid apps with selective disclosure.
By combining Midnight's privacy-first infrastructure with Fireblocks' trusted custody, the partnership is designed to enhance institutional access, strengthen blockchain adoption, and advance privacy-preserving innovation in decentralized finance and digital assets.
MoonPay, Trust Wallet ramp up
MoonPay entered a new two-year strategic partnership with Trust Wallet, a self-custody crypto wallet with over 200 million users, to provide seamless on- and off-ramp services, starting in the United States. MoonPay will be the default provider for Trust Wallet's Buy Crypto function, offering streamlined in-app checkout, coverage in 190+ countries, and support for multiple local payment methods and currencies. The companies, partners since 2020, aim to make crypto simple, safe and accessible.
This expanded integration deepens their collaboration, and is designed to enhance user experience with smoother transactions and more payment options. The updated services are live now for Trust Wallet users.
NCR Atleos, FCTI expand relationship
NCR Atleos Corp. expanded its partnership with FCTI Inc., one of the largest U.S. ATM owner-operators and a subsidiary of Seven Bank Ltd. The agreement includes deploying thousands of new ATMs and providing terminal driving services across FCTI's U.S. footprint.
FCTI powers self-service financial solutions at 7-Eleven and Speedway and previously partnered with NCR Atleos to expand Allpoint Network access. NCR Atleos was chosen for its proven owner-operator capabilities and service excellence.
The scale of this deployment makes FCTI among the largest U.S. service endpoints, reinforcing both companies' focus on growth, reliability and enhanced financial access for consumers, the partners stated.
payabl. supercharges growth with Silverflow
Payment processing provider Silverflow partnered with European fintech payabl. to transform its payments infrastructure and fuel growth.
By adopting Silverflow's API-first, cloud-based platform, payabl. gained agility, faster time-to-market and improved scalability to handle peak demand, payabl. said.
Integration timelines for new card schemes dropped from years to months, enabling quicker service launches and operational efficiency, they added.
The partnership also is built on both technological alignment and a collaborative culture, with teams co-developing solutions in real time. Now operating as strategic allies, Silverflow and payabl. plan to expand their collaboration, setting a new standard for innovation and resilience in payment processing.
UnionPay, Continental Hotels launch exclusive promotion
UnionPay International launched an exclusive promotion with InterContinental Hotels Group, offering global UnionPay credit cardholders instant discounts of up to 15 percent at over 500 participating hotels in mainland China.
Running until Oct. 31, 2025, the offer applies to bookings made via IHG's website or app using UnionPay online payment. Cardholders from South Korea and SplendorPlus users receive 15 percent off (up to 400 RMB), while others receive 10 percent off (up to 200 RMB). With near-universal acceptance in China, UnionPay enables seamless payments, supporting international travelers with real-time currency conversion, mobile wallet integration and added perks, UnionPay stated.
ACQUISITIONS
Coda's acquisition of Recharge now complete
Coda has completed its acquisition of Recharge, uniting two businesses with complementary strengths in digital content monetization and prepaid payments.
Coda brings partnerships with major publishers like Electronic Arts, Activision and Riot Games, and extensive payment networks in growth markets, while Recharge contributes leading consumer brands such as Apple, Google, Vodafone and PlayStation, along with a broad European prepaid portfolio, Coda stated.
combined company now serves over 200 million users in 180+ markets, processing $1.75 billion in 2024 sales. Together, they aim to expand global reach, capture new market share and redefine digital commerce innovation.
Electronic Payments acquires Handpoint
Electronic Payments Inc. acquired Handpoint, a pioneer in integrated and mobile payments with a strong developer-first focus and global reach. EPI said the deal expands the company beyond the U.S., adding operations in Canada, the U.K., South Africa and Europe, and enabling commerce in 13+ currencies under a single contract.
Handpoint's APIs and cloud-managed terminals allow ISVs and SaaS platforms to embed payments seamlessly across regions without code rewrites, EPI noted, adding the acquisition brings 100+ ISV integrations, 18,000 connected devices, and $2 billion in annual volume. Handpoint CEO David Gudjonsson will remain, helping drive EPI's international expansion and developer-led strategy.
Palo Alto Networks agrees to acquire CyberArk
Palo Alto Networks reported it will acquire CyberArk in a $25 billion deal, giving CyberArk shareholders $45 in cash and 2.2005 Palo Alto shares per CyberArk share—a 26 percent premium.
The acquisition marks Palo Alto's formal entry into identity security, combining its AI-powered platforms with CyberArk's leadership in privileged access management.
The partnership aims to secure human, machine and AI agent identities, strengthen platform integration, and modernize enterprise security. Approved by both company boards, the transaction is expected to close in the second half of fiscal 2026.
Global Blue now Shift4's subsidiary
Shift4 Payments completed its squeeze-out merger of Global Blue under Swiss law, making Global Blue a wholly owned subsidiary.
The transaction canceled the remaining 2.63 percent of Global Blue shares not acquired in Shift4's earlier tender offer, converting them into $7.50 per share in cash, subject to withholding taxes.
Shareholders approved the merger on Aug. 18, 2025, and Global Blue has been voluntarily delisted from the NYSE. Shift4 had already purchased approximately 97.37 percent of outstanding shares through its July 3 tender offer, consolidating ownership and expanding Shift4's global commerce technology portfolio.
Western Union to acquire International Money Express
Western Union agreed to acquire International Money Express in an all-cash transaction valued at approximately $500 million, or $16 per share—a 50 percent premium to Intermex's 90-day VWAP.
The deal strengthens Western Union's U.S. retail operations, expands its footprint in high-growth Latin American markets and accelerates digital customer acquisition.
Intermex's 6 million customers will gain access to Western Union's global digital platforms, while operational and cultural expertise will enhance retail growth. The transaction, closing in mid-2026, is expected to deliver $30 million in annual cost synergies within 24 months.
APPOINTMENTS
Ahad Azhar joins Founders Bank
Founders Bank appointed Ahad Azhar as vice president and treasury management officer.
With more than 14 years of experience in banking and treasury solutions, Azhar has built a strong reputation for fostering trusted relationships and supporting clients' long-term success.
In his new role, he will focus on delivering customized treasury management strategies designed to help businesses streamline operations, improve efficiency and achieve growth objectives. His expertise and client-centered approach is expected to further strengthen Founders Bank's ability to provide innovative financial solutions.
Clay Carter joins Ncontracts
Clay Carter is the new chief information security officer at Ncontracts, bringing nearly two decades of cybersecurity leadership to the role. He will oversee the company's security strategy across its SaaS platform and infrastructure, with a particular focus on trustworthy AI and machine learning governance to protect financial services clients.
Carter previously served as senior vice president and CISO at Nielsen, guiding security through a $16 billion transaction, and held senior roles at Xylem Inc. and GE Digital. Holding engineering degrees from the University of Virginia, he is recognized for building world-class security programs and fostering a culture of security by design.
Úna Dillon appointed to PCI SSC in
The PCI Security Standards Council appointed Úna Dillon as regional director, Europe. In this role, she will serve as the primary liaison for European payment security stakeholders, focusing on promoting PCI SSC standards and strengthening data security awareness across the region.
Dillon brings 28 years of payments industry experience, most recently at the Merchant Risk Council, where she led global advocacy, regulatory engagement and fraud prevention strategies.
Her expertise in compliance, regulation and financial services strategy will support the PCI SSC's mission of fostering collaboration, enhancing stakeholder participation and advancing global payment security standards.
PayGround appoints Joshua Cooper
Joshua Cooper joined PayGround as head of product, bringing more than a decade of experience in healthcare, healthtech and fintech to the company.
Known for driving innovation and operational discipline, Cooper has helped early-stage companies become category leaders through integration strategies and product scaling.
Most recently director of product management at Relatient, Cooper also spent several years at Allscripts and other high-growth organizations.
At PayGround, he will lead platform development, focusing on lifecycle management, provider adoption and a patient-first experience. Passionate about redefining healthcare payments, Cooper likened PayGround's mission to transformative shifts made by Uber and OpenTable. 
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