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- European transaction processors are getting hammered by slowing economies and increased regulatory scrutiny. Shares in the big French processor Worldline slid 59% on Wednesday, followed by a feeble recovery Thursday.
- AppTech Payments Corp. announced it has closed on its acquisition of Alliance Partners LLC. The deal brings to AppTech FinZeo, Alliance’s money-movement software developer, allowing AppTech to assume the role of a payment facilitator. Terms of the deal, announced Oct. 16, were not announced.
- The Southeast Acquirers Association elected new members and advisors for 2024. John Shipley, an executive with Clearent by Xplor, was elected to the SEAA board of directors. New members of the advisory committee are Bill Glass, chief operating officer, AltruPay; Alex Daily, director of partner relations, Cutter; and Layla Rice, director of merchant services, Linga. SEAA also created an Engagement Task Force to help with production of a new monthly webinar series.
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