Based in the United States, Mark will be responsible for driving revenue growth with focus on the commercial aviation, hospitality and overall travel industry. He will report to Kristian Gjerding, the CEO of CellPoint Digital.

Mark’s growth mandate is driven by the increased demand for Payment Orchestration solutions in CellPoint Digital’s target industries. The global Payment Orchestration Platform market was valued at $1.1 billion in 2022 and it is anticipated to grow up to $10.1 billion by 2032, at a CAGR of 24.5% during the forecast period, according to McKinsey & Well Company market research. As more companies turn to Payment Orchestration to mitigate payment fragmentation and facilitate scalable growth (Bain & Company), they need a partner with expertise in Payment Orchestration and industry-specific experience in deploying these solutions. CellPoint Digital is ideally positioned to deliver on both.

Having held the role of Global Head of Payments at CellPoint Digital since 2019, Mark brings an in-depth understanding of the business. He joined CellPoint Digital from Intrapay, a fintech startup providing international cross-border payment services to clients in Europe and Asia Pacific, where he was Chief Operating Officer. Prior to that, he was Chief Executive Officer at GoSwiff (now PaySwiff), a mobile commerce firm headquartered in Singapore with global operations. Before GoSwiff, Mark was the GM and Regional Head of Ingenico (formerly Global Collect) ePayments business in the Asia Pacific region.

Kristian Gjerding, CEO at CellPoint Digital says: “We are pleased to see Mark Patrick take up a new role within CellPoint Digital. As Chief Revenue Officer, Mark oversees CellPoint Digital’s revenue strategy and global business development teams as well as the development of a new account management function. This comes amidst growing demand from businesses seeking to streamline their digital payment capabilities while countering the major challenges they face with existing providers to deliver a seamless service.”

Mark Patrick adds: “It has been a career highlight to be a part of CellPoint Digital’s growth story and to stand at the forefront of optimising customers’ path to purchase across digital channels. This business-critical issue will only grow in importance as consumers increasingly opt for alternative payment methods and demand friction-free payment experiences. As we continue to scale, this requires a new, digital-first approach to revenue generation and account management to ensure client satisfaction.”

Advancing Payment Orchestration across Key Regions

CellPoint Digital’s rapid growth and increasing market demand have necessitated a strategic expansion of their revenue team, with new hires across revenue and account management in key regions such as Europe, Latin America, and Asia-Pacific. This expansion is a direct response to the surging interest in Payment Orchestration across diverse industries and global markets.

Central to CellPoint’s revenue strategy is showcasing the transformative benefits of Payment Orchestration to enterprises worldwide. CellPoint is committed to meeting the evolving needs of a growing client base. Payment Orchestration, a concept that encompasses the end-to-end management of all payment activities—from authorisation and routing to settlement and reporting—has proven invaluable for companies seeking to boost conversions in both direct and indirect sales channels while reducing transaction costs.

The platform’s versatility and efficiency have driven strong demand, fueling CellPoint’s expansion and reinforcing their position as industry leaders in the rapidly evolving payment technology landscape.

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The acquisition of Barnet aligns with KORT’s aggressive growth strategy and commitment to providing innovative solutions to businesses across North America. In this new chapter, the KORT team will focus on scaling Barnet’s technology and integrating it with their own payment platform to provide a holistic solution for clients, ultimately accelerating the company’s growth. The new integrated system will not only provide added value to existing customers but also generate new recurring revenue streams for KORT.

“We established KORT with a mission to identify strategic opportunities in new verticals and our acquisition of Barnet signifies the beginning of this exciting next phase,” said Joel Leonoff, Chairman and CEO of KORT Payments. “Barnet has an exceptionally thorough understanding of regulated industries and a robust technology platform which will serve as a strong foundation as we work to integrate and optimize their product offerings.”

“Barnet has always been focused on delivering reliable and efficient solutions to our clients and with KORT’s resources and expertise, we can expand our offerings and bring greater value to our current and future customers,” said Olena Dubina, Founder and CEO of Barnet Technologies. “This acquisition will also enable us to increase the investment in our core offerings and broaden our reach, especially as the market for licensed and regulated businesses continues to grow.”

The transaction underscores KORT’s ongoing commitment to identify and capitalize on high-potential opportunities within integrated software platforms and payment services. The company is well-positioned to continue its trajectory of aggressive expansion, technological innovation, and delivering exceptional value to its clients and partners in the rapidly evolving fintech landscape.

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The collaboration caters to the growing need for innovative B2B payment options, as the digitalization in B2B purchasing processes is progressing at a fast pace, and a large majority of business buyers today start their buying journey online. Merchants that want to benefit from this shift to online must establish a compelling e-commerce proposition, including convenient and secure payment during checkout.

However, offering invoice payment in a webshop checkout can expose merchants to various risks, such as credit defaults. As a result, online merchants tend to be very cautious when it comes to approving business buyers for invoice payment – while approval rates in B2C usually reach 90% and above, in the B2B context acceptance typically averages 40-50%, and in some cases merchants only accept advance payments.

Combining Atradius’ international expertise in trade credit insurance with Mondu’s innovative BNPL technology, the collaboration enables B2B merchants to manage this challenge with easy-to-access deferred payment options ranging from 30-90 days net terms and 3-12 months installments. The merchants can enjoy the benefits of instant credit decisioning by Mondu supported by Atradius trade credit insurance expertise with payout for approved orders by Mondu within a few days, default protection, and outsourced payment collection from the business buyers.

“By collaborating with Mondu and facilitating their Buy Now Pay Later solutions, we take a significant step to expand our commitment to clients by supporting enhanced financial flexibility and security for BNPL,” said Andreas Tesch, CMO of Atradius. “This collaboration will enable businesses to increase their sales and offer various favorable payment options to their customers.”

“Teaming up with Atradius as their preferred partner enabling Mondu to offer BNPL solutions and additional Mondu services to Atradius clients across Europe is an honor for us and testament to the strong value proposition Mondu has developed over the past years,” said Malte Huffmann, Co-Founder and Co-CEO at Mondu. “We see significant synergies for Atradius merchants to use and benefit from Mondu BNPL options for their business across all distribution channels, especially online.”

Both Atradius and Mondu share a dedication to propelling businesses forward in the global B2B marketplace. This collaboration leverages their combined expertise and unwavering commitment to innovation, creating a win-win scenario for all stakeholders involved.

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“Our partnership with Stripe is a game-changer,” said Jeff Li, Founder of Shoplazza. “By integrating Stripe’s technology, we’re streamlining the payment process for merchants, cutting costs, and boosting efficiency. Shoplazza Payments is crafted to equip merchants with the tools they need to succeed in today’s fast-paced e-commerce environment.”

Innovative Solutions for Payment Challenges

As global e-commerce evolves, merchants are increasingly challenged by complex payment channels and rising consumer expectations. Addressing the limitations of traditional third-party providers, Shoplazza Payments offers a fully integrated, embedded solution designed to simplify transactions, reduce costs, and deliver personalized financial services.

The collaboration with Stripe enhances Shoplazza Payments, allowing it to support a broad range of payment methods, including major credit cards, Apple Pay, and Google Pay, across key markets such as the U.S., Hong Kong, and Canada.

Driving Merchant Growth

Through the integration of Stripe Connect, Shoplazza Payments has significantly improved transaction success rates and sales for merchants by offering flexible payment options. This partnership has positioned Shoplazza as the preferred choice for merchants seeking to enhance customer experience and expand their global reach.

“Stripe enables us to deliver a more efficient, reliable, and seamless payment experience, which is essential for today’s merchants,” added Li. “Our aim is to continually optimize the payment process so merchants can focus on growing their businesses without the hassle of payment complexities.”

Looking Ahead: Expansion and Omni-Channel Retail

Shoplazza Technology plans to deepen its collaboration with Stripe, expand into new markets, particularly the European Union, and enhance its offerings for omni-channel retail. The company aims to deliver integrated payment solutions that provide a seamless experience across both online and in-store transactions.

With the launch of Shoplazza Payments, Shoplazza Technology is set to become a key player in the global e-commerce payment landscape. By providing a more convenient and efficient payment management solution, Shoplazza is helping businesses grow while remaining competitive in a rapidly evolving digital world.

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The new anti-fraud system is an advanced solution designed to detect and prevent fraudulent activities in real-time. Using cutting-edge technology, the system integrates a complex set of rules and algorithms that monitor financial transactions, quickly identifying any suspicious behavior.

This system not only prevents fraud but also significantly reduces the financial impact on customers through rapid and effective interventions. The solution’s flexibility allows integration with other payment systems, including instant payments, ensuring constant and adaptable protection to meet market needs. Additionally, the solution is configurable and scalable, capable of adapting to various risk scenarios encountered in the banking sector.

“Montran played a crucial role in developing this Anti-Fraud System. We successfully implemented a high-performance, flexible, and innovative system in record time,” said Marius Stancu, Director of Application Development at Alpha Bank.

Irina Cârcu, Regional Sales Manager at Montran, emphasized the importance of this project: “Following the successful implementation of the Instant Payments system in partnership with Alpha Bank in November 2023, we continued with the launch of this new Anti-Fraud System, which strengthens transaction security for Alpha Bank customers.”

As instant payments usage grows in the Romanian market, the associated fraud risks have also increased. The rapid integration of Montran’s Anti-Fraud Solution into Alpha Bank’s systems has been crucial for customer protection.

“Our system integrates with both Instant and Non-Instant Payments, operates in real-time, and can function independently or alongside existing Anti-Fraud Solutions in banks,” added Ms. Cârcu.

This initiative reaffirms Alpha Bank’s commitment to selecting top partners to provide safe and reliable banking services to its customers, staying at the forefront of innovation in the banking industry.

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“We are thrilled to have Nate become a key addition to our executive team and bring his wide range of experience to help grow our business,” said Dru Armstrong, Chief Executive Officer of AffiniPay. “This has been a year of growth for AffiniPay and Nate’s expertise will be vital as we continue to innovate forward, enhancing our brand awareness and engagement with customers. AffiniPay has always taken a customer-first approach, and we are excited about the opportunity to help professionals across multiple industries achieve their business goals. I know Nate will hold a critical role in turning our vision into a reality.”

Skinner comes to AffiniPay from Onfido, where he served as the Chief Marketing Officer helping businesses verify, onboard, and authenticate their customers. Skinner has also contributed to the B2B marketing strategy and customer experience in senior positions at Oracle, Salesforce, and more. In 2020, Business Insider named Skinner as one of the 20 most important executives shaping the future of marketing technology.

“I’m honored to join Dru and the entire AffiniPay team for this next chapter in the company’s journey,” said Nate Skinner, Chief Marketing Officer of AffiniPay. “AffiniPay’s focus on professionals has been key to its remarkable success to date. As my father, an attorney, once told me: attorneys, architects, accountants, and engineers are great at practicing their profession, but not always great at managing their business. Helping these professionals focus on their practice while AffiniPay’s software and payment services help them run their business is something that really resonated with me and excites me about the company.”

This announcement follows AffiniPay’s recent news that TA and Genstar have made a significant investment for the next chapter of the company. AffiniPay was also recently named to Inc. 5000’s Fastest Growing Companies List for the 13th year in a row and a Top 25 Payment Technology company in 2024 by The Financial Technology Report. For more information about AffiniPay’s executive team please visit affinipay.com.

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Customers can unlock greater savings opportunities through Lyric’s advanced technology and the specialized expertise of Lyric’s teams to optimize payment accuracy, especially for complex plan members such as those who are Medicare-eligible. When an individual has coverage from more than one health plan—such as Medicare and an employer-sponsored plan—and the wrong one is billed for a given healthcare service, payment errors can occur. Typically, these errors are not found until long after inaccurate payments have been made, adding increased costs and waste to the healthcare system. And, because many incorrect payments cannot be recovered due to regulatory limitations on the timeframe in which recovery can take place, patients may be stuck with unexpected out-of-pocket costs.

“More than a quarter of Medicare beneficiaries also have coverage from another health plan, and errors in determining primacy and payment are common and costly,” said Stacey Stabenow, President of Strout. “Together with Lyric, we can reduce the financial burden of care for some of America’s most vulnerable patients and the health plans that serve them, making healthcare more efficient for everyone.”

“Our partnership with Strout is another example of Lyric’s vision to simplify the business of care,” explained Lyric CEO, Rajeev Ronanki. “Strout has transformed coordination of benefits, delivering real-time, AI-powered payment accuracy to solve a problem that is generally otherwise managed through inefficient claim auditing after the fact. But together, we will address this critical need with unparalleled efficiency and effectiveness.”

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Martynas Bieliauskas, CEO, Klarpay AG

Martynas Bieliauskas is a fintech entrepreneur, investor and a well-versed technology and operations specialist with emphasis on emerging technologies and trends.

The post International Payments: Bridging the Gap in a Borderless World first appeared on FinTecBuzz.

Andre Mancljoins as Chief Financial Officer. He will oversee all financial strategies for the company and will lead Nium’s global finance organization, including planning, treasury, tax, reporting, corporate development, and investor relations. He will be integral in helping Nium deliver profitable growth and efficiency at scale, while creating value for all Nium shareholders.

Philip Doyle joins as Chief Compliance Officer. He will lead Nium’s global risk and compliance programs, ensuring both evolve and grow as regulatory expectations heighten. Both executives will report to Prajit Nanu, Founder and CEO of Nium, and will join the company’s Executive Committee.

“These two leaders add deep subject matter expertise in their respective fields and complement what is already one of the best leadership teams in global payments,” said Nanu. “We’re in a great position to continue executing on a sustainable growth strategy, elevating our operational performance across all areas of our business, while delivering customer-centric technology innovation. These leaders, together with our colleagues around the world, take us steps closer to achieving a mission of connecting the world’s banks and businesses to the future of real-time, cross-border payments.”

Prior to Nium, Mancl was the Chief Financial Officer at ChowNow, a leading software platform that connects independent restaurants with their diners through a suite of digital products. Before joining ChowNow in 2021, he was a Managing Director and Global Co-Head of Internet Investment Banking at Credit Suisse. As an Investment Banker, he worked in the Technology Sector for over 15 years and has been involved in tens of billions of dollars of debt, equity, and M&A transactions. During his banking career he advised and executed transactions for companies, such as Lyft, Snap, Ancestry.com, Facebook (Meta), AppLovin, and GoDaddy. Prior to his investment banking career, he served as a distinguished SH-60B Seahawk Helicopter Pilot in the United States Navy, flying missions in various regions and received the Order of the Daedalian for landing a helicopter in distress. He holds an MBA from the University of California Los Angeles (UCLA) and a BS in Industrial and Systems Engineering from the University of Southern California (USC).

“Throughout my career in the technology sector, I’ve witnessed firsthand the profound impact of technology innovation on the global economy,” commented Mancl. “Joining Nium at this pivotal moment is one of the most exciting moments of my career and I’m humbled to be part of such an exceptional team. I look forward to playing a meaningful role in Nium’s next phase of growth.”

Doyle joins Nium with decades of risk and compliance experience, most recently Chief Risk and Compliance Officer for Zepz, one of the world’s leading remittance companies. There he created and led the company’s global compliance program, including standards and best practices for adhering to applicable local and international regulations. Prior to this, Doyle held senior financial crime positions at banks, such as Revolut, Clearbank, and Tandem Bank. A career-long “fraud fighter,” Doyle has also held fraud prevention roles at FICO, SAV Credit Limited, Visa, and Morgan Stanley. He holds an MSc. from the University of Nottingham and a BSc. from the University of Sussex.

“Payments is built on the trust we earn from the banks and businesses we serve,” said Doyle. “There could not be a better time to start my journey with Nium with so much investment going into expanding our compliance programs to be best-in-class.”

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The post Nium Strengthens Executive Leadership Team with Two New Appointments first appeared on FinTecBuzz.

Pete Major, VP of Fintech Solutions at Member Driven Technologies

Pete has over 25 years of experience in the banking industry. Prior to MDT, he spent 15+ years with Jack Henry, most recently serving as the director of Symitar implementations. Pete brings with xhim extensive systems experience in front-office, back-office, payments, IT processing, consulting, mergers, conversions, and integrations.

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