PRnewswire | May 04, 2023
Solutions by Text, a compliance-first provider of enterprise text messaging and payments solutions focused on consumer financial services, today announced three new senior level hires and a promotion, further enhancing its leadership team. The company appointed Danielle Repetti as Chief Revenue Officer, Subramaniam Viswanathan as Executive Vice President of Technology, and Hana Elliott as Vice President of Marketing. Mahala Johnson has been promoted to Vice President, Product Management.
Danielle Repetti, Chief Revenue Officer, will lead the company's revenue generation team including Sales, Customer Success, and Partner Solutions. Prior to joining Solutions by Text, Repetti served as Chief Revenue Officer at clean.io and Whitebox, where she led the company's sales, advertising, marketing, customer success, and business development teams to achieve remarkable revenue growth. While at Whitebox, Repetti grew new business from less than $1 million to over $40 million and led 400% growth in the company's TAM. Her full bio can be found here.
Subramaniam Viswanathan, Executive Vice President of Technology, will head the company's technology platform, placing continued emphasis on innovation, operational resilience and reliability within the intertwined verticals of messaging, compliance and payments. Previously, Viswanathan led ACI Worldwide's bill payment solutions platform, which processed millions of bill payments daily. His full bio can be found here.
Hana Elliott, Vice President of Marketing, will drive Solutions by Text's marketing strategy. Prior to Solutions by Text, Elliott built go-to-market strategy and innovative marketing efforts for SaaS platforms including Ambition, LeanKit, and Inclusivv. Elliott is a noted contributor at industry events on topics like leadership and diversity in SaaS, women in tech, and creating high-performing cultures. Her full bio can be found here.
Mahala Johnson was promoted to Vice President, Product Management, and will now lead Solution by Text's technical vision and strategy. Johnson is an integral part of the product team, having made significant contributions to the company's leading edge compliant messaging and payments tech, including driving advancements in rich messaging and championing Solution by Text's Fintext platform, which seamlessly unites messaging and native payment processing services. Before joining Solutions by Text, Johnson held leadership roles with First Data, Western Union, eBay/PayPal and ACI Worldwide. Her full bio can be found here.
"We're honored to welcome Danielle, Subramaniam, and Hana to Solutions by Text and thrilled to recognize Mahala's dedication," says David Baxter, CEO of Solutions by Text. "Each brings a deep commitment to pushing the boundaries of how we communicate and transact, and their contributions are pivotal as we continue to innovate and bring compliant, frictionless payments to text messaging."
About Solutions by Text
Solutions by Text (SBT) is the pioneer of FinText(™), empowering consumer financial services companies to engage, interact and transact with their consumers in real time. SBT has provided compliance-first conversational messaging solutions since 2008 and is reimagining text and payments to create a seamless and optimized bill pay experience for companies and their consumers.
PRnewswirre | June 06, 2023
365 Retail Markets, the global leader in unattended retail technology, today announced the launch of its latest kiosk, the MM6 for Markets. Thoughtful considerations in its design and technology offer operators more real estate to drive revenue, as well as solutions to address shrinkage and market uptime.
A countertop kiosk with a 22" touchscreen and diverse payment options, the MM6 for Markets is ideal for engaging consumers in high-touch, high-traffic micro market locations. This large format point-of-sale hardware packages the intuitive and industry-leading V5 software from 365 Retail Markets with impressive visual design.
Built for an Operator's busiest and most profitable locations, the MM6 hardware ensures more uptime with easy serviceability via its unique front-open chassis and contains a built-in battery backup to prevent service disruptions.
The MM6 for Markets will stand out in any size market, as one of the largest displays in the industry. Packaged in a sleek aesthetic, an intuitive user interface (UI) and optimized self-checkout peripherals guide consumers through a quick transaction, improving throughput. Complete with tap, cashless, cash funding, and 365 Global Market Account payment options ensure no sale is missed.
A large vibrant display also provides generous real estate to influence product sales using custom promotions. Food service operators can turn unused screen space into a revenue generating opportunity. Programmatic advertising services, like Advana from 365, connect big brands with select market kiosks where they want to target their offers.
With shrink rates a concern in large markets, the MM6 helps tighten loss prevention. An ultra-wide camera lens captures images within a 185-degree field of view for more detailed back-office reporting. Internal speakers also ensure consumers hear voice commands to return canceled items.
"As the retail world continues to transition to self-service, our product design adapts to consumer and operator expectations, the MM6 is the latest example of that adaptation," said Joe Hessling, 365 Retail Markets Chief Executive Officer. "The MM6 is a direct result of 365's product team responding to customer feedback on consumer experience, product maintenance and market security."
Initially launched as part of 365's dining solution suite, the MM6 was met with great industry reception as winner of an Automatic Merchandiser 2023 Readers' Choice New Product of the Year award. Previewed at last month's 2023 NAMA show, the MM6 for Markets also earned an overflow of industry support.
The MM6 for Markets is immediately available for purchase in the US and is slated for launch in Canada later this summer. To learn more, contact a 365 Retail Markets Account Services representative or visit 365retailmarkets.com/mm6-micro-markets/.
About 365 Retail Markets
365 Retail Markets is the global leader in unattended retail technology. Founded in 2008, 365 provides a full suite of best-in-class, self-service technologies for food service operators including end-to-end integrated SaaS software, payment processing and point of-sale hardware. Today, the company's technology solutions autonomously power food retail spaces at corporate offices, manufacturing and distribution facilities, and more, in order to provide compelling foodservice options for consumers. 365's technology solutions include a growing suite of frictionless smart-stores, micro markets, vending, catering, and dining point-of-sale options to meet the expanding needs of its customers. 365 continuously pioneers innovation in the industry with superior technology, strategic partnerships and ultimate flexibility in customization and branding.
Businesswire | April 17, 2023
Alacriti, a fintech company specializing in payments, announced today that it has partnered with Socure, the leading provider of digital identity verification and fraud solutions, to deliver third-party and synthetic identity fraud prevention for instant payments
“Faster payments deliver greater convenience and instant access to funds. Yet its growing adoption brings different fraud risks as organized criminal networks look to exploit its vulnerabilities,” emphasizes Chuck Subrt, Director Fraud & AML Practice at Aite-Novarica Group. “To mitigate these risks, financial services organizations need to optimize their financial crime frameworks by integrating more real-time capabilities and richer risk intelligence. The Alacriti-Socure partnership delivers an option for the financial services community to address the needs of instant payments.”
This partnership allows financial institutions to utilize end-to-end, turnkey, instant payment solutions with integrated fraud prevention. Alacriti’s Cosmos Payments Hub, which is on the Orbipay platform, enables financial institutions to deliver modern money movement experiences to their customers, reduce operating costs, and accelerate time to market.
“Instant payments require real-time fraud prevention, which is not something many existing enterprise fraud systems are well-equipped to handle. This partnership represents a huge opportunity for financial institutions, as they can now affordably access Socure’s market-leading fraud prevention solution, which is fully integrated with Alacriti’s Cosmos Payments Hub,” said Mark Majeske, SVP Faster Payments at Alacriti.
Keith Gray, Vice President, Strategic Partnerships at The Clearing House added, “As more banks and credit unions leverage the RTP® network to send instant payments, having access to appropriate fraud tools becomes an important part of a real-time payments strategy. We are happy to see Alacriti and Socure working together to provide fraud monitoring tools to financial institutions in the real-time payments ecosystem.”
Alacriti’s Orbipay AIQ is a cloud-based, machine learning-based fraud prevention solution designed to manage fraud and risk associated with instant payments processed through payment rails such as The Clearing House's (TCH) RTP network, the FedNowSM Service, and Visa Direct—or conventional payments such as ACH or Wires. Orbipay AIQ can be deployed to augment a financial institution’s existing fraud detection system or act as a stand-alone system. The solution is proactive, enabling it to analyze and score individual senders and receivers of transactions prior to the transaction being processed through a specific payment rail. Financial institutions can also set up customized tolerance levels to better control individual organizational preferences.
Orbipay AIQ is powered by Socure’s Sigma Fraud suite, combining the industry’s most accurate third-party and synthetic identity fraud solutions with the highest auto-approval rates while minimizing fraud risk and false positives. Socure’s fraud prevention solutions analyze every dimension of consumer identity leveraging an advanced machine learning framework, and block stolen or synthetic identities from entering the payment network.
“Our partnership with Alacriti protects financial institutions and their account holders from predatory fraudsters, improving their trust and confidence when making faster payments transactions. The joining of a comprehensive identity verification and fraud prevention platform with the Cosmos Payments Hub helps financial institutions safely deliver payments innovation quickly and with less risk to market,” said Evan Rabinowitz, VP of Business Development at Socure.
Alacriti (booth 512) and Socure (booth 533) will be present at the Nacha Smarter Faster Payments 2023 conference and will be available to discuss the details of the partnership. Additional information can be found in the recorded webinar, Navigating Fraud in the World of Instant Payments: Strategies for Success.
Alacriti is a leading financial technology company with a comprehensive money movement and payments services platform dedicated to helping clients accelerate their digital transformation. Built on a flexible, cloud-native framework, Alacriti’s array of solutions allows clients to deliver the money movement experiences and payments innovation that today’s users demand while seamlessly integrating with their internal infrastructures.
Socure is the leading platform for digital identity verification and trust. Its predictive analytics platform applies artificial intelligence and machine learning techniques with trusted online/offline data intelligence from physical government-issued documents as well as email, phone, address, IP, device, velocity, date of birth, SSN, and the broader internet to verify identities in real time. The company has more than 1,500 customers across the financial services, government, gaming, healthcare, telecom, and e-commerce industries, including four of the top five banks, 13 of the top 15 card issuers, the top three MSBs, the top payroll provider, the top credit bureau, the top online gaming operator, the top buy now, pay later (BNPL) providers, and over 250 of the largest fintechs. Marquee customers include Chime, SoFi, Robinhood, Gusto, Public, Stash, DraftKings, Poshmark, State of California, and Florida's Homeowner Assistance Fund. Socure customers have become investors in the company including Citi Ventures, Wells Fargo Strategic Capital, Capital One Ventures, MVB Bank, and Synchrony. Additional investors include Accel, T. Rowe Price, Bain Capital Ventures, Tiger Global, Commerce Ventures, Scale Venture Partners, Sorenson, Flint Capital, Two Sigma Ventures, and others.