The Green Sheet Online Edition
November 10, 2025 • 25:11:01
Industry Update
ANNOUNCEMENTS
Auditoria.AI on CB Insights' Fintech 100
Auditoria.AI was named to CB Insights' 2025 Fintech 100 list, recognizing the most promising private fintech companies worldwide. Judges found that the company is distinguished for its use of agentic AI to automate finance workflows, replacing scripted task routing with autonomous digital "teammates" that execute, reconcile and learn across systems. Auditoria CEO Rohit Gupta said the company enables finance leaders to delegate outcomes, not just steps, thereby turning automation into "a balance-sheet lever" rather than a tooling project. Auditoria's AI agents support accounts payable, receivable, general ledger, FP&A, and real-time financial data analysis with SmartResearch. The honor, Auditoria AI believes, reflects growing industry momentum toward AI-driven financial infrastructure.
CPI Card Group opens Fort Wayne production facility
CPI Card Group opened a new production facility in Fort Wayne, Indiana, more than doubling the space of its former site after 16 years of local operations. The Lima Road location, now partially active and expected to be fully operational by year-end 2025, will support expanded capacity, modern automation and faster delivery for customers. John Lowe, CEO of CPI, said the upgrade strengthens service quality while reinforcing CPI's long-term commitment to the Fort Wayne community, where it employs nearly 200 people. The facility features inline production, co-bots, AI-enabled equipment, and sustainability initiatives, including renewable energy options and planned LEED certification, supporting both efficiency and environmental goals.
i2c supports Visa Click to Pay globally, marks 25th anniversary
i2c Inc. was certified by Visa to support Click to Pay globally, allowing issuers to enable the EMVCo one-click, tokenized checkout experience through a single integration. Click to Pay is designed to remove the need for manual card entry and replace card numbers with network tokens, resulting in 31 percent less fraud and a 4.3 percent increase in authorization rates. The payment method is rapidly gaining adoption, with 128 percent annual transaction growth and high consumer satisfaction, i2c stated, adding that it is the first issuer processor to offer Visa Click to Pay worldwide as a standard feature for credit, debit and prepaid programs.
In addition, i2c is celebrating its 25th anniversary, and i2c founder and CEO Amir Wain credited the company's longevity to its decision to build its platform in-house rather than rely on acquired or legacy systems, enabling the scalability and configurability that now power clients in more than 200 countries and territories. The company noted that over the past year, it has added major partners and earned multiple industry awards. The company also invested 1.5 million engineering hours into innovations to reinforce its role as an infrastructure partner for banks, fintechs and emerging digital lenders worldwide.
LiquidTrust a finalist in Paytech Awards
LiquidTrust was named a finalist in the 2025 PayTech Awards USA in the Best Cross-Border Payments Solution category, following its recent Silver win in the 2025 Datos Impact Awards. The company is gaining recognition for helping small and midsize businesses overcome payment risk. Nearly half of U.S. SMBs surveyed said fear of losing funds has held them back from international growth. LiquidTrust addresses this through its platform, which offers two payment options: Simple Pay for fast, verified global payouts and Protected Pay, powered by its patent-pending Micro Escrow technology, which releases funds only when agreed-upon conditions are met. LiquidTrust founder and CEO Saujin Yi said the award validates the company's mission to modernize and secure commercial payments for banks, platforms and marketplaces.
#h2New VAMP guidelines went into effect Oct. 1 Visa's new Acquirer Monitoring Program (VAMP) replaced all prior Visa fraud and dispute programs with a single, stricter global framework that holds both merchants and acquirers accountable for dispute rates, fraud levels and evidence quality. The updated rules introduce new ratio formulas, lower thresholds and portfolio-wide oversight. Thus, a small spike in disputes can now trigger fines, remediation plans or account loss. In response, Chargebacks911 updated its dispute-management platform to help merchants and acquirers meet the program's higher standards, including support for Compelling Evidence 3.0, pre-dispute tools like RDR and CDRN, and real-time portfolio monitoring. Organizations unprepared for VAMP enforcement, which began Oct. 1, 2025, risk costly penalties, revenue loss and strained customer experience.
RESEARCH
Fletcher Group finds women CMOs redefining fintech leadership
A new report from The Fletcher Group indicates that women CMOs in fintech are playing a far more strategic role than previously, with 91 percent of participants queried saying their responsibilities have expanded beyond traditional marketing. All surveyed CMOs now work directly with sales, 80 percent help shape business strategy and customer success, and 70 percent influence product decisions. The report spotlights three major shifts: growing pressure to prove marketing's revenue impact, full adoption of AI tools for everything from content to data analysis, and rising marketing budgets heading into 2026. While CMOs are increasingly seen as growth leaders, opinions remain divided on whether they are being positioned for future CEO roles, researchers found.
Flexible finance redefining checkout experience
A new report from Lloyds Merchant Services shows strong and rising consumer demand for payment flexibility, with 61 percent of shoppers surveyed saying they are more likely to buy from retailers offering buy now, pay later, and 63 percent saying the same for POS finance. Half of consumers are now comfortable using BNPL for purchases between £100 and £500 ($131 and $657), indicating the model has moved beyond low-value spending. Cash-flow management is the top reason people choose installment options, and 37 percent of respondents said they would be more likely to use them if offered by their bank. Retailers in the study are responding: 98 percent said flexible finance is now important to growth, and those already offering BNPL reported higher order values and repeat business. With BNPL regulation coming to the UK in July of 2026, Lloyds said responsible embedded lending will be key to meeting demand while protecting customers.
Overconfidence puts supply chain security at risk
New research from NCC Group revealed a gap between confidence and reality in supply chain cybersecurity. Although 94 percent of businesses believe in their ability to respond to a supply chain attack, 45 percent experienced one in the past year and nearly half of those incidents halted operations. Despite this, 92 percent trust suppliers to follow cybersecurity best practices, even though only 34 percent regularly assess supplier risk, and just 34 percent have full visibility into their supply chain's security posture. NCC CEO Mike Maddison warned that overconfidence is leaving organizations exposed, noting that recent attacks have disrupted hospitals, airlines, retailers and manufacturers. The report also found rising concern about AI-driven cyber risk and increased regulatory pressure and urged businesses to replace assumptions with verified controls before disruption escalates.
PARTNERSHIPS
Finix, Interac Debit integrate
Finix integrated Interac Debit into its payments platform, enabling Canadian merchants to accept in-store debit transactions alongside online payments for the first time through Finix. The move marks a key step in the company's Canadian expansion and supports small and midsize businesses that rely on in-person sales, Finix stated. By adding Interac, Canada's leading debit network, Finix now gives merchants greater payment flexibility while removing the need for multiple providers or fragmented setups. Finix CEO Richie Serna said the goal is to eliminate payment complexity so businesses can focus on growth.
Glenn Wolff, Interac group head & chief client officer, said the partnership supports Canada's shift toward modern, secure, customer-driven payment experiences. Finix plans continued investment and hiring to expand its Canadian footprint.
iBusiness Funding, BizBuySell team up on financing
iBusiness Funding partnered with BizBuySell, an online marketplace for businesses for sale, to streamline SBA 7(a) financing for prospective buyers. Through the new BizBuySell Finance Center, users searching more than 65,000 annual listings can access iBusiness Funding's network of SBA-approved lenders and its technology built specifically for business acquisition loans. CEO Justin Levy said the integration removes a key barrier to ownership, noting that financing availability is the second most important factor for buyers. BizBuySell President Bob House said most deals on the platform require financing, making the partnership a valuable resource. iBusiness Funding said it has processed over $200 million in SBA 7(a) acquisition loan requests this year, helping expand entrepreneurship nationwide.
NeuShield, RB Cyber tackle ransomware recovery
NeuShield partnered with RB Cyber Assurance to integrate its NeuShield Data Sentinel technology into RB Cyber's cyber insurance and loss-control program for MSPs and their SMB clients. The partnership is designed to enable fast data recovery from ransomware and file-tampering attacks without relying on backups or paying ransoms, using NeuShield's Mirror Shielding, One-Click Restore and Data Engrams capabilities. RB Cyber offers mobile-friendly cyber insurance backed by Lloyds of London, bundling coverage with built-in technical protections to reduce downtime and claim costs. Executives from both companies said the collaboration gives MSPs a practical way to keep small businesses running after attacks while lowering overall cyber-risk exposure for insurers, providers and end-customers.
Treasury Prime now a U.S. Bank Connected Partner
Treasury Prime joined the U.S. Bank Connected Partnership Network, expanding access to its embedded banking platform for U.S. Bank treasury clients. The partnership allows businesses to use Treasury Prime's Bank OS technology—including sub-ledger tools and AI-powered reconciliation—to streamline back-office operations and support scalable growth. It also adds U.S. Bank to Treasury Prime's national Bank Network, enabling fintechs and enterprises to connect to multiple banks through a single API via OneKey. Treasury Prime Chief Banking Officer Jeff Nowicki said the collaboration reflects a shared commitment to modernizing financial infrastructure, while U.S. Bank's Alberto Casas noted it will help clients adopt embedded banking solutions more easily and efficiently.
Zip US, Stripe expand partnership
Zip expanded its partnership with Stripe, making its buy now, pay later installment option available to U.S. merchants through Stripe's prebuilt checkout tools, including Elements, Checkout and Payment Links. The partners stated that merchants can activate Zip with a no-code toggle in the Stripe Dashboard, enabling flexible payments without custom development. Zip assumes all repayment risk, allowing merchants to receive full payment upfront while offering customers installment plans, which can increase conversion, order value, and access to shoppers underserved by traditional credit, they added. U.S. Zip CEO Joe Heck said the integration strengthens Zip's growth strategy and expands its reach across Stripe's merchant base. The feature is live for U.S. merchants processing in USD.
ACQUISITIONS
LegitScript acquires Kompliant
LegitScript acquired Kompliant in a move that combines two complementary strengths in merchant risk and compliance automation. LegitScript, known for its deep risk intelligence and human-plus-AI monitoring across more than 60 high-risk categories, will integrate Kompliant's automated onboarding and full-lifecycle compliance platform used by banks and payments providers. The combined solution is designed to replace slow, fragmented underwriting workflows with real-time, data-driven decisioning, reducing merchant onboarding time while improving risk visibility. LegitScript CEO Scott Roth said the deal "redefines how payments companies manage risk at scale," while Kompliant CEO Leo Patching said the integration will turn compliance into a growth driver through faster conversion, lower costs and global reach.
Loon raises $3 million, acquires CADC Stablecoin
Loon, a Canadian stablecoin startup, raised $3 million CAD in pre-seed funding to develop a fully regulated, Canadian-dollar-backed stablecoin. The round was led by Version One Ventures with support from Garage Capital and strategic Canadian investors. Loon also acquired CADC, a stablecoin launched in 2021 by Paytrie that has already processed over $200 million in transactions, and will take over as its new issuer.
Loon aims to give Canada a domestically regulated digital dollar alternative to U.S.-based stablecoins, improving sovereignty, payments efficiency and on-chain settlement in CAD. Loon has pre-filed a prospectus with the Alberta Securities Commission and is expanding its engineering, compliance and regulatory teams as it prepares for a broader rollout.
APPOINTMENTS
Ingenico welcomes Floris de Kort, bids farewell to Laurent Blanchard
Ingenico appointed Floris de Kort as its new CEO, succeeding Laurent Blanchard, who is stepping down after leading the company through its recent strategic transformation. De Kort brings extensive payments-sector experience, including roles as CEO of global ecommerce at Worldpay, where he helped drive the company's successful 2015 IPO; CEO of Xplor Technologies; and most recently CEO of cross-border payments network Thunes. Known for scaling global payments and software businesses, he is expected to accelerate Ingenico's next phase of growth and execution. Blanchard, who exits after redefining the company's mission and strengthening its market position, praised the team and wished Ingenico continued success.
Corpay appoints Matt Hanks
Matt Hanks signed on with Corpay as vice president of marketing for UK fleet, a newly created role aimed at driving brand growth and customer engagement across Allstar, Keyfuels, The Fuelcard Company and Corpay Complete. Hanks brings more than 20 years of senior marketing experience in financial services, SaaS and mobility, including global leadership roles at Basware, where he led demand generation across Europe, North America and APAC, and twice served as acting UK General Manager. He has also worked as a strategic B2B marketing consultant and previously built award-winning programs for major brands such as HP, Salesforce and O2. Hanks said his priority will be strengthening market visibility and helping UK businesses gain greater control over payments.
Matt Schurk joins Recurly
Recurly appointed Matt Schurk as its new chief revenue officer, bringing more than two decades of experience leading high-growth SaaS and technology organizations. Schurk most recently served as CRO at Auctane and is known for building high-performing, customer-focused sales teams that consistently scale revenue and drive market expansion. Recurly CEO Joe Rohrlich praised Schurk's leadership style, calling him a proven motivator with a track record of delivering measurable results and strengthening customer relationships. Schurk said he was drawn to Recurly's momentum and vision for the subscription economy and looks forward to accelerating global growth and deepening value for enterprise clients. 
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