Ally Expands Financing Into Retail With Mastercard Vyze Partnership

Cision PR Newswire | August 25, 2020

Ally Lending, the personal lending arm of Ally Bank, a subsidiary of Ally Financial Inc. (NYSE: ALLY), today announced its partnership with Vyze, Mastercard's leading alternative financing platform for retailers. Ally's entrance into point-of-sale retail financing builds on its deep experience and rapidly growing footprint in healthcare and home improvement lending. Ally Lending will serve as the first installment loan lender on the Vyze platform, giving thousands of retail merchants access to a financially stable lender for higher-ticket sale options.

Spotlight

Retailers, such as Target TGT and Macy's M , fell in morning trading. TheStreet's Martin Baccardax reported on Target's holiday sales. The company said same store sales for the two months ending in December rose 5.7%, well ahead of the 3.4% pace recorded over the same period last year.


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POS HARDWARE

Mindtree and Finastra Partner to Deliver Managed Services Payments Solutions in the Nordics, the UK and Ireland

Mindtree | May 17, 2022

Mindtree, a global technology services and digital transformation company, and Finastra, a leading financial technology provider, today announced a partnership to bring Finastra's Fusion Payments To Go payments technology to banks in the Nordics, the UK and Ireland, as a managed service. As part of the partnership, Mindtree will host Finastra's proven payments solution in the cloud and handle integration of the technology across the rest of the banks' existing solutions, minimizing risk and boosting efficiency for users. "We welcome Mindtree to our partner ecosystem. Together we will enable agile banks in the Nordics, the UK and Ireland to tap into our Fusion Payments To Go solution, hosted by Mindtree in the cloud. The partnership is about helping banks to better serve their customers by keeping ahead of market changes, delivering faster innovation and opening business growth opportunities." -Denise Parker, SVP and Global Head of Partner and Ecosystems at Finastra "Finastra offers best-of-breed payments solutions and, alongside our deep expertise and cloud capabilities, we are excited to join hands with them to support banks in transforming payments and making them real-time, convenient and secure. The move also aligns well with the P27 initiative in the Nordics, which promotes interoperability, paperless systems, and real-time payment capabilities. We pride ourselves on being a trusted partner to our customers and are confident that this partnership will help them unlock an innovation and technology advantage." - Mukund Rao, Chief Business Officer for Banking, Financial Services and Insurance at Mindtree Fusion Payments To Go offers scalable payments processing and clearing functionality, with automated and rapid onboarding for financial institutions, via open APIs. Beyond the significantly reduced go-live timeframes, the solution also enables smaller banks and financial institutions to enjoy the benefits of an advanced Payments Hub with modernized capabilities. About Finastra Finastra is a global provider of financial software applications and marketplaces, and launched the leading open platform for innovation, FusionFabric.cloud, in 2017. It serves institutions of all sizes, providing award-winning solutions and services across Lending, Payments, Treasury & Capital Markets and Retail & Digital Banking for banks to support direct banking relationships and grow through indirect channels, such as embedded finance and Banking as a Service. Its pioneering approach and commitment to open finance and collaboration is why it is trusted by ~8,600 institutions, including 90 of the world's top 100 banks. About Mindtree Mindtree (NSE: MINDTREE) is a global technology consulting and services company that enables enterprises across industries to drive superior competitive advantage, customer experiences and business outcomes by harnessing digital and cloud technologies. A digital transformation partner to more than 275 of the world's most pioneering enterprises, Mindtree brings extensive domain, technology and consulting expertise to help reimagine business models, accelerate innovation and maximize growth. As a socially and environmentally responsible business, Mindtree is focused on growth as well as sustainability in building long-term stakeholder value. Powered by more than 35,000 talented and entrepreneurial professionals across 24 countries, Mindtree — a Larsen & Toubro Group company — is consistently recognized among the best places to work.

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RESTAURANT POS

Givex Hong Kong Announces Launch of GivexPOS in Fine Dining Restaurant with Three Michelin Stars

Givex | July 14, 2022

Givex Information Technology Group Ltd. announced today the upcoming mid-July launch of GivexPOS in a fine dining restaurant with three Michelin stars in Hong Kong, the first in a five-unit, multi-branded restaurant group. "In the last 20 years, Givex has proven to be a global tech leader, with more than 100,000 active locations that utilize our POS, gift card, loyalty and other products, Our recent new partnerships in Hong Kong show that GivexPOS is successful in markets across the globe, and in all types of restaurants, from QSRs to fine dining establishments and everything in between. Givex delivers the technology innovation that our partners strive for, We are thrilled to be expanding our reach in Asia, and look forward to being a key partner in our clients' growth." -John Sydoruk, Givex Managing Director, AsiaGivex. Givex is a comprehensive global customer engagement and business insights platform. In addition to GivexPOS, Givex offers gift card and loyalty programs, payment systems and robust analytics to help its clients make efficient business decisions. The recent partnerships in Hong Kong mark the next step in Givex's continued international growth. About Givex- Givex (TSX: GIVX;OTCQX: GIVXF) is a global fintech company providing merchants with customer engagement, point of sale and payment solutions, all in a single platform. We are integrated with 1000+ technology partners, creating a fully end-to-end solution that delivers powerful customer insights. Our platform is used by some of the world's largest brands, comprising approximately 100,000+ active locations across more than 100 countries.

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POS HARDWARE

VERSABANK TO ACQUIRE OCC-CHARTERED NATIONAL US BANK, PROVIDING PLATFORM FOR GROWTH IN THE UNITED STATES

VersaBank | June 14, 2022

VersaBank ("VersaBank" or the "Bank") (TSX: VBNK) (NASDAQ: VBNK), a leader in digital banking and cyber security solutions, today announced that, through its wholly owned U.S. subsidiary, VersaHoldings US Corp., it has signed a definitive agreement to acquire Minnesota-based Stearns Bank Holdingford, N.A. ("SBH"), a privately held, wholly owned subsidiary of Stearns Financial Services Inc. ("SFSI") based in St. Cloud, Minnesota, for an estimated US$13.5million (CA$17.4 million) (subject to adjustment at closing). SBH is a fully operational national bank, OCC (Office of the Comptroller of the Currency)-chartered Bank, focused on small business lending, which is expected to add approximately US$60 million in total assets to VersaBank, subject to any adjustments at closing. Upon closing, SBH will be renamed VersaBank USA National Association. SFSI and its other subsidiaries (Stearns Bank N.A. ($2.2 billion in assets) and Stearns Bank Upsala, N.A. ($75 million in assets)) will continue to operate as usual. ABOUT STEARNS FINANCIAL SERVICES INC. Stearns Financial Services Inc. (SFSI) is a well-capitalized, $2.4 billion independent financial holding company based in St. Cloud, MN. It is the holding company for Stearns Bank N.A. and Stearns Bank Upsala, N.A. Recognized as one of the nation's top-performing banks by both American Banker and Independent Banker magazines, Stearns Bank specializes in nationwide construction finance, small business lending, and equipment financing. Driven by a passion to help others achieve their greatest ambitions, Stearns Bank gets the job done! For more information, visit StearnsBank.com. ABOUT VERSABANK VersaBank is a Canadian Schedule I chartered bank with a difference. VersaBank became the world's first fully digital financial institution when it adopted its highly efficient business-to-business model using its proprietary state-of-the-art financial technology to profitably address underserved segments of the Canadian banking market in the pursuit of superior net interest margins while mitigating risk. VersaBank obtains all of its deposits and provides the majority of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses. In addition, leveraging its internally developed IT security software and capabilities, VersaBank established wholly owned, Washington, DC-based subsidiary, DRT Cyber Inc. to pursue significant large-market opportunities in cyber security and develop innovative solutions to address the rapidly growing volume of cyber threats challenging financial institutions, multi-national corporations and government entities on a daily basis.

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POS SOLUTIONS

Promenade Launches Point of Sale Management Solution for Florists Across America

Promenade | July 18, 2022

Promenade Group today announced a streamlined, integrated business management platform for florists with the availability of BloomNation powered by Promenade POS. Complementing the acclaimed capabilities of the BloomNation e-commerce storefront solution, Promenade POS eliminates the complication of running online and in-store sales separately. Operating as a single platform, BloomNation powered by Promenade POS allows florists to run their flower shop with a complete set of management solutions for ordering, delivery, invoicing, proposals, and more. Originally called BloomNation, Promenade Group has spent 12 years working with local florists and understanding what shop owners need to successfully run a business. Promenade POS was built from the ground up specifically for florists – the complete platform provides the tools to manage online and in-store orders, build relationships with customers, run the back-office business, and generate repeat business. "Florists are creative artists, focused on designing beautiful arrangements that touch people's hearts and celebrate every day and special occasions, Promenade is committed to providing solutions that simplify and streamline business management tasks with a tightly integrated POS and e-commerce storefront allowing florists to focus on what they do best." -Farbod Shoraka, co-founder and CEO of Promenade. The Promenade POS solution allows florists to better manage inventory, response time, and fulfillment process with one place to store, organize, find, and process both e-commerce and in-store orders. The POS system is designed to improve efficiency and simplify back-office operations for florists. Additionally, it provides a solution to quickly respond to changing market dynamics with a cloud-based solution managed and continually updated by Promenade. Promenade's tightly integrated POS solution and online storefront put the power and time back in the hands of florists and allows them to do what they do best – impress and delight customers with creativity and service. Promenade POS and the e-commerce storefront enables florists to: Take orders anywhere, anytime, and on any device — in-store, online, or in the back office Accept any debit/credit card (Visa, MC, Amex, Discover), or accept contactless/NFC, magstripe or chip cards with the Promenade POS in-store card reader Easily manage house accounts and bill monthly or on-demand Organize and send detailed invoices to clients—with online payment options Build branded, customized proposals for large events and weddings, and follow up with an invoice Manage customer data within a sophisticated, built-in CRM system Provide data security and privacy with Stripe integration and private cloud deployment About Promenade Group- Promenade started as BloomNation in 2010 with a clear vision of empowering local businesses with the technology, knowledge, and support to attract and retain customers with a best-in-class experience. The Promenade e-commerce platform offers an intuitive online sales and shopping experience for thousands of neighborhood businesses across the country. From flowers to food to liquor, Promenade empowers small business owners with the tools they need to reach new customers, grow online sales, and easily manage both online and in-store orders.

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Spotlight

Retailers, such as Target TGT and Macy's M , fell in morning trading. TheStreet's Martin Baccardax reported on Target's holiday sales. The company said same store sales for the two months ending in December rose 5.7%, well ahead of the 3.4% pace recorded over the same period last year.

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