The Green Sheet Online Edition
September 14, 2026 • 26:09:01
Industry Update
ANNOUNCEMENTS
CONCRYT deploys agentic AI in payment operations
CONCRYT deployed agentic AI across its live payment operations to continuously monitor gateway activity and help its operations team identify and investigate potential problems. Over eight months, the company said, the system has monitored more than 3 million transactions, tracking payment traffic, financial performance, operational limits and merchant activity. About 100 monitoring rules are in use, some running every minute. The system tracks approval rates and alerts employees to unexpected declines, recommending where traffic might be rerouted.
CONCRYT said its team makes routing adjustments daily to improve approval rates, with employees retaining final decision-making authority. The deployment builds on large language model analytics capabilities CONCRYT introduced earlier this year. Unlike tools that respond to individual prompts, the agentic AI system operates continuously and performs recurring monitoring tasks. CONCRYT cited research showing 52 percent of financial services firms are adopting agentic AI, although only 23 percent of respondents have moved beyond pilots and deployed the technology at scale.
CPMI-IOSCO seek input on cyber resilience
The Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions are seeking stakeholder feedback on two publications addressing cyber and operational risks facing financial market infrastructures. The Cyber Resilience Toolkit: Practical Considerations for FMIs provides voluntary, non-binding tools to help FMIs strengthen cyber resilience and implement operational resilience components of the CPMI-IOSCO Principles for Financial Market Infrastructures. The toolkit complements cyber resilience guidance issued by the organizations in 2016.
A separate discussion paper, FMIs' Reliance on Third-Party Service Providers: Challenges and Risks, examines growing dependence on outside providers, particularly for critical services. It identifies key challenges associated with third-party relationships and asks stakeholders for input on the risks and possible areas for further work. Comments on both publications are due Dec. 1, 2026, and should be submitted by email to the BIS CPMI Secretariat at cpmi@bis.org and the IOSCO Secretariat at cpmi-iosco@iosco.org.
Kurv ranks among top CNP acquirers
Payment processing platform Kurv ranked No. 28 among the 30 largest U.S. card-not-present acquirers measured by 2025 purchase volume, according to the Nilson Report. Kurv processed $3.26 billion in CNP purchase volume, representing about half of its total business. The Nilson Report's ranking of the largest U.S. merchant acquirers also placed Kurv among the top 50, with $5.68 billion in Visa and Mastercard purchase volume in 2025, a 42 percent increase from the previous year. Formerly known as Electronic Merchant Systems, the company rebranded as Kurv in November 2025 following a broader effort to modernize and expand.
Kurv serves merchants through direct and indirect distribution channels, including independent agents and ISOs. The company has also expanded through acquisitions. In April 2025, Kurv acquired merchant acquirer Peel Payments, adding capabilities and distribution in the petroleum and convenience-store market. More recently, Kurv has invested in technology for its ISO and agent network, including digital merchant onboarding, portfolio tracking and residual reporting.
OpenPayd expands U.S. regulatory footprint
OpenPayd expanded its U.S. regulatory footprint by bringing MSB USA Inc., a U.S.-based money services business with licenses in 43 states, into the OpenPayd group following regulatory approvals. The move brings 43 state money transmitter licenses under OpenPayd's umbrella, extending the financial infrastructure provider's geographic reach and supporting global clients operating or expanding in the United States. MSB USA will continue operating under its existing leadership while preparing for full integration with the OpenPayd platform.
The U.S. expansion follows OpenPayd's authorization under the European Union's Markets in Crypto-Assets framework and gives the company regulated infrastructure spanning the United States, United Kingdom and Europe across fiat and digital assets. OpenPayd reported annual recurring revenue exceeding $96 million and annualized transaction volume surpassing $300 billion as of July 31. The company serves more than 1,200 clients globally.
Visa expands AI-powered cybersecurity capabilities
Visa expanded its cybersecurity capabilities with enhancements to an open-source AI framework designed to help organizations identify and address vulnerabilities more quickly. The Visa Vulnerability Agentic Harness uses AI agents to examine potential attack paths, validate vulnerabilities and assist with remediation. The model-agnostic framework can work with different AI models and security tools. Visa said testing has reduced some vulnerability-remediation timelines from weeks to hours.
Visa also expanded its Consulting & Analytics Cybersecurity Advisory Practice, adding services to help clients assess vulnerabilities, prioritize remediation and strengthen cyber resilience. The offerings are designed to complement organizations' existing security teams and technology. The company said the initiative responds to a changing threat environment as cybercriminals increasingly use AI to automate and scale attacks. Visa is making the Vulnerability Agentic Harness available as an open-source resource so security professionals and developers can contribute to its continued development.
RESEARCH
Study finds gaps in cross-border payments
A study from Alipay+ and S&P Global found consumers increasingly expect seamless mobile payments when traveling internationally, but inconsistent acceptance, security concerns and other friction remain barriers. The study surveyed 6,000 consumers across nine markets in Asia, Europe and the United States. Fifty-four percent reported difficulty using preferred payment methods for pre-trip bookings, while 53 percent cited uncertainty about merchant acceptance abroad. One in four travelers still carries cash as a fallback.
Mobile payments are gaining ground, with 63 percent of respondents using them for most transactions while traveling. Preferences vary geographically, however, with consumers in China, Malaysia and Thailand favoring QR payments and those in the United States, United Kingdom and Germany favoring NFC-based, card-linked wallets. Artificial intelligence is also influencing travel commerce. More than 81 percent use AI tools for travel discovery and planning, but interest declines as AI moves toward autonomous payments and decisions.
AI growth strains data center power capacity
U.S. data center electricity use could double or triple by 2028 and account for as much as 12% of U.S. electricity consumption, according to Department of Energy projections cited by NosTerra Venture Capital co-founder Joe Helfrich. Speaking on the Disruption Interruption podcast, Helfrich said rapid AI adoption is putting increasing pressure on power generation, transmission, storage and cooling infrastructure. He maintained that growing data center demand could also accelerate energy innovation by creating customers, investment and urgency for technologies that increase capacity or improve efficiency.
NosTerra focuses on companies addressing the physical infrastructure required to support AI computing, including energy generation, transmission and storage. Demand will become more complicated as AI computing moves closer to end users, Helfrich said, particularly for applications requiring nearly instantaneous responses. He expects solutions to come from multiple technologies rather than a single energy source or infrastructure.
FPC report compares established, emerging payment rails
The U.S. Faster Payments Council published a report comparing major payment options and examining how organizations can select and combine them for different use cases. Produced by the FPC Digital Assets Work Group, the report compares the FedNow Service, RTP Network, Visa Direct, Mastercard Send, Same Day ACH, stablecoins and tokenized deposits. It examines differences in settlement, finality, speed, transaction limits, fraud management, governance, liquidity and other characteristics.
The report notes that FedNow and RTP provide domestic instant settlement, while Visa Direct and Mastercard Send offer card-based disbursements and broader reach. Same Day ACH remains suited to high-volume batch payments, while stablecoins and tokenized deposits introduce programmability and alternative settlement approaches. The FPC also examines interoperability and the growing role of payment orchestration as organizations navigate multiple rails.
PARTNERSHIPS
CheckAlt, LoanPro streamline lender payments
CheckAlt partnered with lending and credit platform LoanPro to expand receivables and payment processing capabilities available to LoanPro customers. The integration is designed to help lenders more efficiently process and reconcile inbound payments. Although lenders have increasingly modernized loan servicing systems, check processing and reconciliation often continue to involve manual work. CheckAlt and LoanPro said their partnership will help lenders automate those workflows, accelerate payment posting and improve visibility into inbound payment activity without requiring changes to existing servicing environments.
Through the partnership, CheckAlt will provide LoanPro customers with lockbox, electronic lockbox, remote deposit capture and remote lockbox capabilities. Charles Sweeney, CRO and COO at LoanPro, said customers have been seeking a more efficient way to handle check payments. CheckAlt Chief Commercial Officer Jason Schwabline said modernizing receivables can reduce manual work and simplify reconciliation as lenders update their servicing technology.
Checkout.com supports Best Buy Marketplace payments
Checkout.com will provide payments infrastructure for Best Buy Marketplace as the retailer expands its digital commerce business and third-party seller network. Best Buy Marketplace allows outside sellers to offer products through BestBuy.com and the Best Buy App, broadening the retailer's product assortment. Under the arrangement, Checkout.com will provide card acquiring and debit routing capabilities designed to support the marketplace's existing payment flows while allowing Best Buy to add payment methods, enter new geographies and develop additional commerce models.
Checkout.com will also provide enterprise support and payments expertise to help Best Buy manage digital channels and settlement flows. Antoine Nougué, chief revenue officer at Checkout.com, said the company will support Best Buy with modular technology, AI-powered payment optimization and ongoing assistance as the retailer continues to expand its digital operations.
dhango joins Nacha Preferred Partner program
Nacha named payments infrastructure provider dhango a Preferred Partner for risk and fraud prevention, compliance and open banking. Austin, Texas-based dhango provides white-labeled payments infrastructure that allows software platforms to embed ACH payments through a single API while retaining control of their processing contracts and data. Its ACH capabilities include merchant onboarding and underwriting, identity verification, KYC/AML screening, authorization management, exposure and velocity controls, return and dispute management and Third-Party Sender support for platforms originating high ACH volumes.
The company also supports Customer Initiated Entries and maintains a centralized vault for payment data and merchant profiles in a PCI DSS Level 1 environment. Nacha President and CEO Jane Larimer said strong risk management and compliance practices become increasingly important as more organizations use software platforms to originate ACH payments. Nacha's Preferred Partner Program recognizes technology providers whose offerings align with the organization's efforts to advance the ACH Network.
Newland NPT gains Worldpay Express certification
Newland Payment Technology strengthened its unattended payment offering in North America by obtaining Worldpay Express certification for PayExplorer, its payment acceptance application, and its Android-based U2000 and U200 unattended terminals. The certification gives ISVs, ISOs, integrators and other payment partners a certified platform for developing and deploying self-service payment solutions within the Worldpay ecosystem. Partners can integrate their software with Newland's payment stack, reducing the technical and operational work associated with bringing unattended solutions to market.
Newland's terminals support indoor and outdoor self-service environments and are designed to provide a consistent payment foundation across multiple unattended applications. Rezart Uruci, Newland's general manager for North America, said the certification can help partners overcome integration and certification hurdles while expanding into new unattended verticals and developing value-added services.
Shift4 processes payments for Sol og Strand
Danish holiday-home rental agency Sol og Strand selected Shift4 to provide payment processing for online bookings across more than 7,000 privately owned properties. The arrangement includes next-business-day, or T+1, settlement, giving Sol og Strand faster access to funds and helping manage cash flow during seasonal fluctuations. Shift4 will also support post-stay payments, allowing Sol og Strand to charge the card used for the original reservation when additional amounts are due for expenses such as cleaning, utilities or property damage, subject to authorization and card network requirements.
Previously, the company collected such charges through separate invoices. Sol og Strand Chief Financial Officer Jens Frandsen said faster settlement and simplified post-stay charges should benefit employees and guests as the company grows. The partnership expands Shift4's travel-sector business in the Nordic region and Europe and is designed to address payment requirements particular to holiday rentals, including deposits, refunds, chargebacks, seasonal demand and post-stay charges.
Socure, Aeropay streamline identity and bank verification
Socure integrated Aeropay's bank-linking technology into its RiskOS platform, enabling consumers to verify their identities and connect bank accounts using a phone number and two clicks. Socure first verifies the consumer's identity using the phone number.
Aeropay's Aerosync technology then uses the verified identity to prefill and confirm the linked bank account without requiring additional personal or account information. Customers can proceed to payment facilitation or cash-flow underwriting using aggregated bank transaction data.
The companies said the approach reverses a common open banking process by using verified identity information to establish the bank connection rather than using bank data to support identity verification. The integration also combines identity and transaction-risk signals to address ACH returns, account takeover, first-party fraud and stolen bank credentials. Aeropay's risk models screen transactions before settlement. Socure said one joint customer achieved a straight-through account funding rate exceeding 50 percent.
Splitit joins Jack Henry Fintech Integration Network
Splitit integrated its bank-linked installment payment technology with Jack Henry's SilverLake core banking platform and Banno Digital Platform through the Jack Henry Fintech Integration Network. The integration enables eligible banks and credit unions to offer installment payments to debit card and demand deposit account holders without developing their own technology, becoming lenders of record or requiring customers to use a third-party app. Splitit connects with SilverLake through Jack Henry's jXchange APIs, giving financial institutions access to core data while retaining transaction visibility and customer engagement.
At checkout, eligible accountholders can select installment payments in real time when purchasing from participating merchants, marketplaces and wallets. Financial institutions can also present personalized installment offers for eligible transactions after purchases through Splitit's AI-powered personalization engine within their existing digital banking experience. Splitit said the white-label approach allows financial institutions to add payment flexibility while keeping installment payments within the accountholder's existing banking relationship.
ACQUISITIONS
Mollie completes GoCardless acquisition
Mollie completed its acquisition of bank payments provider GoCardless, creating a combined payments and financial services company serving more than 350,000 businesses across more than 30 markets. The transaction brings together Amsterdam-based Mollie's card and local payment capabilities with GoCardless' direct debit and Pay by Bank technology. The companies said the combination will allow businesses to manage more payment methods and financial services through a single provider. Mollie CEO Koen Köppen leads the combined group.
GoCardless will continue operating as GoCardless, a Mollie company, under co-founder Hiroki Takeuchi. The companies plan to integrate their technologies while continuing to support existing customers and partners. Mollie said the combination will also provide opportunities to expand GoCardless' bank payment capabilities across continental Europe and offer Mollie's broader payment and financial products to GoCardless customers.
Nayax to acquire IPS Group for $350 million
Nayax agreed to acquire IPS Group, a San Diego-based provider of smart parking technology and payment systems, in a transaction valued at approximately $350 million. IPS provides hardware, software and payment capabilities supporting more than 250,000 parking spaces. Its technology includes smart parking meters, mobile payment applications, enforcement tools and data-management systems used by municipalities and other parking operators.
Nayax said the acquisition will expand its presence in the parking market while combining IPS technology with Nayax's payments infrastructure, loyalty capabilities and global distribution network. Nayax ultimately expects to migrate IPS payment volume to its own processing infrastructure. The companies also see opportunities to introduce additional Nayax products to IPS customers and expand IPS technology into markets outside North America. The transaction, announced Aug. 25, is expected to close during the fourth quarter of 2026, subject to regulatory approvals and other customary closing conditions.
Priority Commerce to acquire IntelliPay
Priority Commerce agreed to acquire IntelliPay, a payments technology provider serving government agencies, educational institutions and health care organizations. The transaction, announced Aug. 26, will establish Priority Commerce Government and expand the company's enterprise payments business into the public sector. IntelliPay's software supports card and ACH payments and provides payment-management capabilities for organizations collecting taxes, fees, tuition and other payments.
Priority said IntelliPay has been a partner in its payments ecosystem for more than a decade. The acquisition reflects a broader strategy of acquiring established partners and expanding within specialized vertical markets. Priority provides merchant services, payables and banking and treasury solutions through its connected commerce platform. Priority expects IntelliPay to contribute slightly more than $4 million in revenue during the remainder of 2026. The company said the acquisition also creates opportunities to introduce additional Priority Commerce products and services to IntelliPay customers.
APPOINTMENTS
Illumia names Bruton security chief
Illumia appointed cybersecurity and compliance veteran Sean Bruton chief information security officer, putting him in charge of the company's information security strategy and security and compliance programs. Bruton brings more than 25 years of experience spanning cybersecurity, managed security services and compliance technology. He will work across Illumia's technology, product, legal, compliance, IT and cloud operations teams and report to Chief Technology Officer Taran Lent.
Before joining Illumia, Bruton was chief technology officer at managed security services provider Zyston, where he restructured security operations around artificial intelligence. He previously co-founded Complyify, a compliance automation platform. Zyston later acquired the company. Previously, Bruton developed and delivered managed security and compliance services at NeoSpire and Hosting.com. Bruton said his priorities include incorporating security into products and business decisions early and making compliance requirements easier for customers to navigate.
IXOPAY names Krishnamoorthy CEO
Payment infrastructure provider IXOPAY appointed Ajoy Krishnamoorthy CEO, succeeding Nord Samuelson, who served as interim CEO. Krishnamoorthy brings more than two decades of enterprise software and product leadership experience. Most recently, he was CEO of inventory management software provider Cin7, where he previously served as chief product officer. Before joining Cin7, he was chief strategy officer and executive vice president of product at cloud ERP provider Acumatica.
Earlier, Krishnamoorthy spent 10 years at Microsoft in product, strategy and marketing leadership roles. At IXOPAY, he will lead the company's next stage of development as it expands its payment orchestration, tokenization and intelligence capabilities for enterprise merchants.
IXOPAY said Krishnamoorthy's product and technology experience will support merchants as artificial intelligence, evolving fraud risks and changing consumer behavior reshape payment operations. IXOPAY said it orchestrated $171 billion in payment volume in 2025 and connects merchants with more than 200 payment service providers.
Jonas named Payments Association Global Ambassador
The Payments Association appointed Daniel Jonas as its new Global Ambassador, tapping the payments infrastructure and innovation strategist to lead its newly formed Global Payments Infrastructure Working Group. Jonas brings more than 25 years of experience, progressing from analyst positions to senior innovation leadership roles at organizations including Atkins and Pay.UK. His areas of expertise include payment interoperability, trust systems and next-generation digital infrastructure.
In his new role, Jonas will work with UK and international industry participants to identify opportunities for innovation, growth and cooperation as payment systems become increasingly interconnected. He said greater collaboration is needed to reduce duplication and address shared infrastructure challenges. Jonas will also lead the association's practitioner-led working group, which brings together people involved in designing, operating and regulating payment systems. 
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