Payments Moves & Mergers

The Chargeback Company, known as Chargebacks911 in the United States, announced that it has hired chargeback expert Craig McClure as the director of relationship management. McClure, formerly of Visa, will manage the company’s European merchant and banking customers to reduce chargebacks with the payment schemes. Chargebacks911 also  announced the hiring of Melissa Fitzsimmons. She will focus on expanding business development efforts and supporting the company’s new e-commerce solutions for merchants, franchises, and affiliate advertising networks.

SIA, a European payment infrastructure and services provider, will acquire First Data Corporation’s card processing businesses in parts of Central and Southeastern Europe. This acquisition provides card processing, card production, call center, and back-office services, including 13.3 million payment cards and 1.4 billion transactions, in addition to the management of POS terminals and ATMs.

FreedomPay, a global provider of secure commerce technology, has announced that it will open a European office in London, and Tony Hammond will serve as managing director for the region. Hammond, former senior director of EMEA-payment Solutions at Oracle, brings nearly 40 years of integrated payment solutions, technology, and product marketing experience to FreedomPay.

NXGEN International, a global merchant service provider, announced that Tim Chew and Bob Baker will head its Northeastern sales team. Chew will create and implement overall operations and sales strategies, while Baker will round out the Northeast Region Team with experience in the payments industry and back office operations, sales analysis, and ISVs.

PayPal Holdings Inc. has announced that it will acquire iZettle, a small business commerce platform in Europe and Latin America. The acquisition, which is expected to close in the third quarter of 2018 subject to customary closing conditions, will expand PayPal’s in-store presence.

Paysafe, a global provider of end-to-end payment solutions, has added Stuart C. Harvey Jr. to its leadership team as a non-executive chairman of its board of directors. Harvey, who previously served as president and chief operating officer of Piper Jaffray Companies, brings more than 30 years of experience in capital markets, payments, and financial technology industries.

Socure, a provider of predictive analytics for digital identity verification, hired veteran technology executive Tom Thimot as chief executive officer. Previously the CEO of Clarity Insights, Thimot brings decades of management experience scaling sales and operations at private and public technology companies.

This feature originally appeared in the May-June edition of Transaction Trends Magazine. View the online edition here. Interested in receiving a print copy? Click here.