Devesh Khare

Macha, Inc. and PaymentsFirst, Inc. to Merge Combination Creates Dynamic Payment Association Macha, Inc. ("Macha") and PaymentsFirst, Inc. ("PFI") announced today that their respective Boards of Directors have approved a merger agreement under which the two payment associations will combine. Macha's wholly-owned subsidiary, Payment Advisory Resource ("PAR"), will continue to offer audit and consulting services under the combined payment association. "Our organizations have very similar cultures and approaches to education, advocacy, and member-oriented service, and this merger gives us the strength and resources to remain competitive going forward.," said Mary Gilmeister, President and CEO of Macha. Rich Leary, President and CEO of PFI added, "I am excited to partner PaymentsFirst’s, education, member services, proprietary audit and risk assessment software, and industry leading AI utilization with all the exceptional services Macha offers to their members." Gilmeister will serve as the CEO of the resulting entity, and Leary will serve as the President. Leary noted, "I’ve collaborated with Mary Gilmeister on many industry initiatives over the past 30 years and am truly looking forward to bringing our teams together to serve our combined members." Gilmeister observed that "Rich Leary and his team have built a legacy with PFI that makes it a perfect fit for Macha and we look forward to working together and carrying that forward." The merger is subject to approval by the members of both Macha and PFI in accordance with their respective bylaws. The votes are expected to occur in the 3rd quarter of 2024 with consummation to follow shortly thereafter. Reinhart Boerner Van Deuren s.c. served as Macha's legal advisor. Adams and Reese LLP served as PFI’s legal advisor. ### About Macha Macha was formed in 1975 and has more than 500 members. Macha, directly and through PAR, offers its members support on all payment systems, education, audit, risk and consulting services. www.macha.org. Contact Mary Gilmeister at (262) 345-1245 or [email protected]. About PFI PFI was formed in 2015 and has more than 650 members. PFI offers its members support on all payment systems, education, audit, risk, and consulting services. www.paymentsfirst.org. Contact Rich Leary at (678) 528-3234 or [email protected]. View the full press release here: https://lnkd.in/ec2g97Ak

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Merchant expectations are shifting the ways we process payments...Check out how your payments company can stay competitive in 2024. 👇📈 Vivid Commerce #VividPayments #Payments #SmallBusiness #Fintech

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We’re excited to introduce the SwiffyLabs Lending Suite 💰🚀 Learn more👇 SwiffyLabs offers a flexible and adaptive approach to lending, featuring a modern Loan Origination System (LOS) and a rightly configurable, rightly flexible Loan Management System (LMS). Unlike monolithic systems, our platforms are designed to be adaptable, configurable, and flexible. Legacy systems are a drag on innovation, security, and efficiency - With SwiffyLabs Lending Suite, banks, NBFCs, and fintechs can now effortlessly: 💰 Extend capital to their customers 📈 Generate new revenue streams 😍 Enhance customer satisfaction Lending isn’t one-size-fits-all. SwiffyLabs helps you deliver a comprehensive suite of lending products tailored to your customers' unique needs, including: - Loan Against Securities - Personal Loans - BNPL (Buy Now, Pay Later) - Business Loans - Co-Lending Ready to transform your lending operations and boost efficiency? Explore Our Lending Solutions and see how we can help you stay ahead in the evolving financial landscape ➡ https://lnkd.in/giDBrS_q

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Hey Product fans 👋 This week's 🌮 Product Tapas is served. Hot news for this week, mobile readers can now download an app version of this newsletter! I know it can often be a pain to read on mobile thanks to the way email clients format and cut short the newsletter, so we’re introducing our downloadable app. Simply head on over to the web version link at the end and download the app (you should be prompted once you log in). Once installed you can set notifications for comments, shares and new editions so you’re always the 1st to find out what’s going on 🔥. On with this week’s Tapas. What’s on the menu? 🧑‍🍳 📰 Not Boring - New this week; Zuckerberg might have leaked Meta’s new AR glasses, Microsoft addresses the massive Crowdstrike outage and we take a peek at what’s in store for Google’s August hardware event. Samsung’s Galaxy Z Fold 6 sketches impress, while Wiz turns down a $23bn offer from Google 👀. Telegram nears a billion users and Slack introduces new widgets. Elon Musk teases Grok 3.0, aiming to be the most powerful AI yet. Plus loads more from Apple, Reddit and plenty more, including possibly my favourite ever phone/gadget evaaaah. ⌚ Time-Saving Tools & GPTs - This week’s productivity accelerators come from tools like Blaze for customer targeting, Scade for integrating AI models, Sprig for user interaction insights, and Button Stealer for a super easy and quick way to ‘borrow’ UI with pride. 🍔 Blog Bites - Essential Reads for Product Teams Learn: Mastering the art of saying no with insights from Mind the Product. Trends: McKinsey’s 2024 Tech Trends Report highlights key tech advancements. Opinion: Will Figma remain relevant as AI transforms design workflows? Feature Design: Creating features that are "default on" for higher adoption. UX: Designing effective conversational AI experiences with practical strategies. 🎙️ Pod Shots - This week, we explore Klarna’s journey in the Acquired podcast. Klarna’s co-founder shares insights on the payments industry, strategic pivots, and the role of AI in enhancing customer experience. What a week! If you want to get the full lowdown (and see previous editions) check out the newsletter here 👉 https://lnkd.in/eQkJGdqG And of course, go check out all the original contributors linked here for more great content! 🔥

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🎁 Feature drop: Account to validation and verification. Validation helps you match an account to a name for ACH payments or setups. Verification can be used to check if a user has funds (to prevent NSF risk) for ACH payments. We’ve made that instant. With unbeatable coverage. Verification uses bank routing and account numbers to check if the account and name matches and if it is in good standing.

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If you're a founder who needs a SOC 2, here's a great post from Christina Cacioppo about what you should look for in a solution.

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Amount's $30M Investment to Revolutionize Digital Lending for Credit Unions "By leveraging Amount's technology, credit unions can simplify their consumer and SMB digital lending processes, making it easier for members to open deposit accounts and secure loans. Their platform integrates seamlessly with a financial institution’s existing banking architecture, offering a modern solution for organizations of all sizes to rapidly innovate and bring new products to market more quickly."   https://lnkd.in/eUUHVNu3 Curql Nick Evens Adam Hughes Kevin Trilli Timothy Clarke, CFA Len Eschweiler Tesha C. Eric Lee Ronny Gonzalez Megan Staton #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

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LCRO Platform expansion now includes Automated Trade Credit App + Online credit application workflows, for only $2,000/year. The key function you really only wanted from other SaaS providers, at a fraction of the cost. And, did we mention, we can customize it…? #credit #creditmanagement #CICConference2024 see you soon

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Don’t miss out on the Tech Forum Kick-Off: Is Orchestration the Missing Piece in Your Payment Strategy? Join us at 1:10 PM for an unbiased analysis of the complexities of payments orchestration, exploring the reality. Gain insights from industry leaders who are shedding light on how to navigate this trend that could extend beyond online payments and revolutionize in-store experiences. Meet you there!

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