Payments Moves & Mergers

ACI Worldwide recently appointed Eve Aretakis to executive vice president of application development and Ravi Pochiraju to senior vice president for growth markets. With more than 20 years of senior leadership experience, Aretakis has held executive roles at Siemens and Unisphere Networks. Pochiraju has held senior roles at First Data Corporation, Six Sigma Associates, and Citigroup.

Financial services technology and data platform Kabbage announced Amala Duggirala has joined as chief technology officer, and Rama Rao has joined as chief data officer. Previously, Duggirala was executive vice president of global software development and implementations services at ACI Worldwide. Rao served as the head of analytics and insights at eBay’s global risk, policy, and compliance organization; prior to eBay, he was the head of analytics at PayPal.

Vantiv Inc., the second largest payment processor in the United States, has announced its agreement to acquire Moneris USA, the U.S. subsidiary of Moneris Solutions Corporation, which is a joint investment between BMO Financial Group and Royal Bank of Canada. The transaction is expected to cost US$425 million and should close at the end of the year,  subject to U.S. antitrust clearance and other conditions.