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- Remote deposit capture software provider Mitek Systems Inc. said in a regulatory filing “that it has received expressions of interest from multiple parties” and thus is considering various “strategic alternatives” to maximize shareholder value. The only suitor the filing identified is ASG Technologies Group Inc., a portfolio company of the hedge fund Elliott Management Corp. that has made a public offer for Mitek but has encountered resistance from Mitek’s board of directors. Elliott planned to nominate seven directors at Mitek’s next annual meeting, but withdrew them now that Mitek says it is “engaging with a number of interested parties.”
- Merchant acquirer Square Inc. hired Amrita Ahuja, currently chief financial officer of interactive software developer Blizzard Entertainment, as its new CFO. Ahuja replaces Sarah Friar, who left Square last month to become chief executive of Nextdoor, which offers a messaging app for neighborhoods.
- Diebold Nixdorf Inc. announced several senior-level executive appointments, including the naming of interim chief financial officer Jeffrey Rutherford as permanent CFO.
- Prepaid card services provider Stored Value Solutions, a unit of FleetCor Technologies Inc., says online gift card sales grew by more than 20% in the recent holiday season compared with 2017’s holidays.
- Processor Net Element Inc. said its Netevia platform recently added cryptocurrency payment features through several channels, including Poynt and Pax point-of-sale terminals, e-commerce, and Netevia’s application programming interface.
- POS-equipment distributor POSData Group Inc. said it will distribute Poynt Inc. payment terminals.
- Fidelity National Information Services Inc. (FIS) said it closed on a previously announced termination of a joint venture with Brazil’s Banco Bradesco and has instead entered into a long-term commercial arrangement with the bank.
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