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Mastercard Selects New President For European Operations

PYMNTS

He will be tasked with developing strategy, direction and comprehensive success of Mastercard’s operations across 53 countries in Europe. Barnett will join Mastercard’s Management Committee on June 1 and will report to Gilberto Caldart, president of international for Mastercard.

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FinTech Cloud Technology Fuels Banking Innovation

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Fusion Payments To Go offers “best-practice” features and operating rules for supported settlement and clearing functions, in addition to standard integration with outside applications, according to the announcement. Alacriti, a FinTech that was started in 2003, works with banks and other customers on making the migration to digital payments.

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Eclipse Acquisition Brings Payment Alliance Int’l 15K More ATMs

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ATM portfolio management tools and services firm Payment Alliance International (PAI) has acquired Arizona-based ATM operator Eclipse Cash Systems for an undisclosed sum. PAI provides scale, as well as industry-leading portfolio management tools for our market partners. PAI has had a busy summer.

ATM 128
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MGM Resorts Appoints Acting Chief Executive Officer

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Amid the public health crisis in the country and the travel vertical, MGM Resorts International said in an announcement that Chief Operating Officer and President Bill Hornbuckle has been appointed to the position of acting chief executive officer and president. He is a Providence Equity Partners senior managing director emeritus.

Las Vegas 130
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Yotpo Joins UPS eCommerce Tech Program For SMBs

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“This exciting relationship with Yotpo offers the marketing and shipping tools that SMB customers need to quickly, cost-effectively and smartly propel their operations forward,” said Michele Peters, senior manager of UPS Global eCommerce marketing, in a statement.

Atlanta 160
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KKR To Acquire German Digital Payments Firm Heidelpay

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Founded in 2003, Heidelpay enables its clients to accept online and mobile payments and is used by more than 30,000 merchants, including companies such as L’Oréal. The co-founders of Heidelpay and the existing management team kept a minority stake in the business.

Payments 136
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MercadoLibre: The ‘Amazon Of Latin America’ Spreads Its Wings

PYMNTS

MercadoLibre is an eCommerce platform similar to Amazon , with its own payments infrastructure that has grown into credit, mobile payments and asset management capabilities. It now operates in 18 countries in Latin America. It launched as the eCommerce industry took off in 2003, and has seen a surge in usage with the pandemic.

America 248