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Customer engagement analytics startup Retain.ai nabs $23M

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Customer engagement analytics startup Retain.ai nabs $23M

With participation from Baseline Ventures, Upside Partnership, and Afore Capital, Retain.ai, a platform that offers businesses a perspective of customer engagement across teams, processes, and apps, has raised $23 million in a funding round led by Emergence Capital. By the end of 2021, Retain.ai headcount would have more than doubled thanks to the fresh funding, according to co-founder and CEO Eric Chernoff. The company has now raised more than $27 million in total, thanks to this round.

It can be challenging for businesses to comprehend how each of their divisions is providing customer service as they expand. This may result in expending excessive effort on the incorrect clients while underinvesting in the appropriate ones. Customers who aren’t paying their bills, for instance, may consume the most time from the product, engineering, marketing, and other teams. Sadly, compiling the data required for customer interaction research frequently necessitates lengthy, account-specific timesheets, process and time studies, or analyses employing data from many sources of record.

The Prospects for AI-based By giving a breakdown of client data, Customer Service Retain.ai attempts to automate the process. The platform uses browser-based applications to build an image of customer engagement and gives managers and customer-facing teams measurements of internal process effectiveness.

The engine behind Retain.ai, which Chernoff and Vlad Shulman cofounded in 2020, “delivers a trusted, adaptable system for discovering and sharing the habits that drive client retention and income,” Chernoff, a former LiveRamp employee, said in an email to VentureBeat. Every employee across the client lifecycle deserves a copilot, driven by billions of data points each month, who can make suggestions such, “Relative to accounts that increase three times, we saw you should be doing more of the things that work for other accounts. Organizations may spread the best practises throughout whole teams and processes using Retain as their copilot, improving everyone’s performance at work.

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Retain admins create a “allow list” of applications, websites, and attributes during setup in order to capture data and execute workflows. Retain is a browser extension that users can download, and it gathers comprehensive session information such as page URLs, start and end times, page properties, process categories, and more. The platform uses visualizations and summaries to transform this data into usable information, acting as a single source of truth for all team, customer, and app interactions within an organisation.

The Retain platform, according to Chernoff, may respond to inquiries about return on investment in relation to customer expenditure, which can be utilised to develop new revenue sources for customer success. According to Chernoff, firms can use Retain to capture engagement time on certain accounts outside of the period allotted for it to do so.

In addition to providing visibility into client connections, retention serves as an early churn indicator. With the help of these “relationship scorecards,” brands can track consumer interactions and make any necessary course corrections.

Through information on the efforts [and] activities that go into servicing customers throughout their lifecycle, [Retain] helps firms understand overall cost-to-serve clients, according to Chernoff. “[Most] leaders struggle to concentrate on the highest value customers and processes and are unsure on how to fix the problem,” Our background is in data networking, therefore we recognized a chance to use adtech-related methods. to assist businesses in determining whether or not their financial commitment in a certain customer’s growth was profitable.

Retain.ai, a company with 20 workers based in San Francisco, California, claims that thousands of people at more than a dozen Fortune 500 firms, including Google, Nielsen, and Salesforce, are currently using its software. According to reports, annual recurring revenue has increased by 8 times in the past year, while growth among Retain’s current clients has increased by 36 times on average.

“My vision is for Retain to be the next generation of customer experience data, replacing all the time-consuming consultancy and spliced-together self-reporting data,” the author says. In order to maximise customer-facing interaction and increase revenue by 25% by raising engagement with high-value customers and strengthening retention, [for our clients] we are returning the 23,000 hours per year spent on time-consuming internal processes, Chernoff stated. The adoption of work-from-anywhere and hybrid models by businesses has led us to the conclusion that every employee at a company has a remote interaction with their team and customers. Enterprises now more than ever require visibility and to make sure nothing slips between the gaps.

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Press Release

How To Create A MegaPersonals New Update 2023

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MegaPersonals-eu

As an “MegaPersonals New Update 2023,” but assuming you want to create a platform for online personals, I can offer some general guidance on how to go about it. Here are some steps you can follow:

  1. Identify your target audience: Determine who your platform is for and what their needs and preferences are when it comes to online dating. This will help you design a platform that is appealing and user-friendly.
  2. Choose a platform and hosting service: Decide which platform you want to build your website on, such as WordPress or Squarespace, and select a hosting service that meets your needs.
  3. Design the website: Create a visually appealing and user-friendly interface for your personals platform. Make sure the site is easy to navigate, and that users can easily search for and find potential matches.
  4. Develop the matchmaking algorithm: Your site’s success will depend on the quality of your matchmaking algorithm. Invest in developing a sophisticated algorithm that can accurately match users based on their preferences and interests.
  5. Build a database: Collect user data and build a database of user profiles. Make sure the database is secure and can handle a large number of users.
  6. Incorporate features for communication and interaction: Provide users with features such as messaging, video chats, and forums to help them interact and get to know each other.
  7. Test the website: Before launching your platform, conduct thorough testing to ensure that it is functioning properly and that there are no bugs or glitches.
  8. Launch and promote the website: Once you are confident in the functionality of your platform, launch it and begin promoting it to your target audience through social media, advertising, and other marketing channels.

Remember, creating a successful personals platform takes time and effort. You’ll need to continually update and improve the platform to keep users engaged and satisfied. Good luck!

To identify your target audience for a personals platform, you should consider the demographics, interests, and behaviors of people who are likely to use online dating services.

Some key factors to consider when identifying your target audience might include:

  1. Age range: Are you targeting younger singles or older adults? Different age groups may have different needs and preferences when it comes to online dating.
  2. Geographic location: Are you targeting a specific region or country, or are you aiming for a global audience?
  3. Gender: Are you targeting a specific gender or aiming for a gender-neutral platform?
  4. Sexual orientation: Are you targeting heterosexual, LGBTQ+, or all individuals?
  5. Relationship status: Are you targeting people who are single, divorced, or widowed?
  6. Interests and hobbies: Are you targeting people with specific interests, such as sports enthusiasts or avid readers?
  7. Relationship goals: Are you targeting people who are looking for casual hookups, serious relationships, or something in between?

By considering these factors and conducting market research, you can identify your target audience and tailor your platform to their needs and preferences.

Choose a platform and hosting service:

When choosing a platform and hosting service for your personals website, you have several options to consider. Here are some of the most popular options:
  1. WordPress: WordPress is a popular content management system (CMS) that allows you to build and manage a website easily. It is a flexible platform that supports various plugins and themes, making it easy to customize your site’s look and feel.
  2. Squarespace: Squarespace is an all-in-one website builder that allows you to create a professional-looking website without the need for coding skills. It offers a range of templates, drag-and-drop design tools, and e-commerce features.
  3. Wix: Wix is another all-in-one website builder that offers drag-and-drop design tools and a range of templates. It also includes e-commerce features and allows you to add third-party apps and widgets to your site.
  4. Bluehost: Bluehost is a popular web hosting service that offers affordable hosting plans and easy installation of popular CMS platforms like WordPress. It also provides domain registration and email hosting services.
  5. SiteGround: SiteGround is a web hosting service that offers fast and secure hosting solutions. It provides easy installation of popular CMS platforms like WordPress, as well as a range of developer tools and features.

When choosing a platform and hosting service, consider your budget, technical expertise, and the features you need for your personals website. It’s also important to choose a provider that offers reliable uptime, fast page loading times, and good customer support.

Design the website:

Designing the website for your personals platform is an important step in creating an attractive and user-friendly experience for your users. Here are some tips to keep in mind when designing your site:
  1. Keep it simple: A clean and simple design can make your platform more attractive and user-friendly. Avoid clutter and excessive features that can distract users from the main purpose of the site.
  2. Use a responsive design: A responsive design ensures that your site looks good and works well on different devices, including desktops, tablets, and smartphones.
  3. Choose a color scheme and typography: Choose a color scheme and typography that reflects the personality and branding of your platform. Use colors that are easy on the eyes and fonts that are easy to read.
  4. Use high-quality images: High-quality images can make your platform more visually appealing and engaging. Use images that are relevant to the purpose of the site and that convey a positive and welcoming tone.
  5. Make it easy to navigate: A clear and easy-to-use navigation system can make it easy for users to find what they’re looking for on your platform. Use clear labels and categories, and make sure the navigation is consistent across all pages of the site.
  6. Incorporate social proof: Social proof, such as user testimonials or success stories, can help build trust and credibility with your users. Incorporate social proof on your homepage or other prominent areas of the site.
  7. Test and iterate: After designing your site, test it thoroughly to ensure it is functioning properly and is easy to use. Ask for feedback from users and iterate on the design based on their feedback to improve the user experience.

By following these tips and incorporating user feedback, you can create a visually appealing and user-friendly website for your personals platform.

Develop the matchmaking algorithm:

Developing a matchmaking algorithm for a personals platform can be a complex process that requires careful consideration of various factors. Here are some steps you can take to develop an effective matchmaking algorithm:
  1. Define your matching criteria: Determine the criteria you will use to match users, such as age range, location, interests, and relationship goals.
  2. Collect user data: Collect user data through registration forms or other methods, including demographic information, interests, and preferences.
  3. Use machine learning algorithms: Use machine learning algorithms, such as decision trees, clustering, or neural networks, to analyze the user data and develop a matchmaking algorithm.
  4. Prioritize important factors: Prioritize factors that are most important to users, such as compatibility, attraction, and shared interests.
  5. Use feedback and ratings: Incorporate user feedback and ratings to refine the algorithm and improve the accuracy of matches.
  6. Test and refine: Test the algorithm with a small group of users and collect feedback to refine the algorithm and improve its accuracy.
  7. Monitor performance: Monitor the performance of the algorithm over time and make adjustments as needed to improve the user experience.

It’s important to note that developing a successful matchmaking algorithm requires ongoing monitoring and refinement to ensure that it is accurate and effective in matching users.

Build a database:

Building a database for your personals platform is an essential step in creating a functioning website. Here are some steps you can take to build a database:
  1. Choose a database management system: Choose a database management system (DBMS) that fits your platform’s requirements. Some popular DBMS options include MySQL, PostgreSQL, and Microsoft SQL Server.
  2. Determine the database schema: Determine the structure of the database and how data will be organized. Consider the types of data you will be collecting, such as user profiles, messages, and preferences.
  3. Create database tables: Create the necessary database tables and define the fields and data types for each table. Use normalized data structures to ensure data consistency and reduce redundancy.
  4. Set up relationships between tables: Establish relationships between tables to ensure data consistency and enable efficient data retrieval. Use foreign keys to link related tables.
  5. Implement data validation: Implement data validation to ensure that the data entered into the database is accurate and consistent. Use constraints and triggers to enforce data integrity.
  6. Test the database: Test the database to ensure that it is functioning properly and can handle the expected volume of data. Test data entry, retrieval, and modification, and make any necessary adjustments to improve performance.
  7. Optimize for scalability: Optimize the database for scalability by using indexes, partitioning, and other techniques to improve performance as the database grows.

Building a database requires careful planning and attention to detail to ensure that it is efficient, reliable, and scalable. It’s important to monitor the database performance regularly and make adjustments as needed to maintain its efficiency and reliability.

Incorporate features for communication and interaction:

Incorporating features for communication and interaction is a crucial aspect of creating a successful personals platform. Here are some features that you can incorporate to enable communication and interaction between users:
  1. Messaging: Allow users to send and receive messages within the platform. Implement a messaging system that is easy to use and allows users to send and receive messages quickly and efficiently.
  2. Video and voice calls: Integrate video and voice calling features to allow users to connect face-to-face. This can enhance the user experience and facilitate more meaningful interactions between users.
  3. Chat rooms and forums: Incorporate chat rooms and forums where users can join discussions and interact with other users who share similar interests.
  4. User profiles: Create user profiles that allow users to showcase their interests, preferences, and personalities. This can help users find like-minded individuals and start conversations.
  5. Match suggestions: Provide users with match suggestions based on their preferences and interests. This can help users find compatible partners more easily and quickly.
  6. Search filters: Implement search filters that allow users to search for potential partners based on specific criteria, such as age, location, and interests.
  7. Safety and privacy features: Implement safety and privacy features, such as user blocking and reporting, to ensure a safe and respectful environment for users.

By incorporating these features, you can create a more engaging and interactive experience for your users and increase the chances of finding compatible matches. It’s important to test and refine these features regularly based on user feedback to ensure that they are effective and meet the needs of your users.

Test the website:

Testing your personals website is an essential step to ensure that it is functioning correctly and provides a positive user experience. Here are some steps to follow when testing your website:
  1. Functionality testing: Conduct functionality testing to ensure that all features of the website are working correctly. Test the registration process, user login, search filters, messaging system, and other features to ensure that they are functioning correctly.
  2. Usability testing: Conduct usability testing to evaluate how easy it is for users to navigate and use the website. Test the website’s layout, design, and user interface to ensure that they are intuitive and user-friendly.
  3. Performance testing: Conduct performance testing to ensure that the website can handle the expected volume of traffic and data. Test the website’s speed, response time, and overall performance to ensure that it meets user expectations.
  4. Security testing: Conduct security testing to ensure that the website is secure and protected against malicious attacks. Test the website’s security features, such as user authentication and encryption, to ensure that they are functioning correctly.
  5. Compatibility testing: Conduct compatibility testing to ensure that the website works on different devices and browsers. Test the website’s compatibility with different operating systems, browsers, and screen sizes to ensure that it is accessible to all users.
  6. User acceptance testing: Conduct user acceptance testing to gather feedback from actual users. Ask users to test the website and provide feedback on its functionality, usability, and overall experience.
  7. Fix issues and optimize: Based on the feedback and results from testing, fix any issues or bugs that are identified and optimize the website’s performance, usability, and security.

Testing your website is an ongoing process, and it’s important to continue monitoring its performance and user experience over time. Regular testing and optimization can help ensure that your personals website is providing a positive experience for users and achieving its goals.

Launch and promote the website:

Once your personals website is ready, the next step is to launch and promote it to attract users. Here are some steps you can take to launch and promote your website:
  1. Soft launch: Start by launching the website on a small scale, such as in a particular region or community, to test its functionality and user response. This can help identify and fix any issues before launching on a larger scale.
  2. Social media marketing: Use social media platforms, such as Facebook, Twitter, and Instagram, to promote your website and engage with potential users. Create social media profiles for your website and share updates, user success stories, and other content to generate interest.
  3. Search engine optimization (SEO): Optimize your website for search engines to improve its visibility and attract organic traffic. Use relevant keywords, optimize meta tags, and create high-quality content to improve your search engine rankings.
  4. Online advertising: Use online advertising platforms, such as Google Ads and Facebook Ads, to promote your website and reach your target audience. Create targeted ads based on user demographics, interests, and behaviors to increase visibility and attract users.
  5. Collaborations: Partner with other websites or organizations that cater to your target audience to reach a wider audience. Consider collaborations with dating coaches, relationship experts, and other similar websites or organizations.
  6. Referral program: Create a referral program that rewards existing users for referring new users to your website. This can incentivize users to promote your website and increase your user base.
  7. Press releases and media outreach: Create press releases and reach out to media outlets to generate publicity and interest in your website. Consider hiring a public relations (PR) agency to help with media outreach and press releases.

Launching and promoting your personals website can be challenging, but it’s essential to attract and retain users. Be creative and persistent in your marketing efforts, and regularly track and analyze your website metrics to optimize your strategy.

Pros And Cons Of MegaPersonals

As an AI language model, I don’t have access to the specific details and functionalities of the MegaPersonals website, but here are some general pros and cons of personals websites that may apply:

Pros:

  1. Large user base: Personals websites like MegaPersonals tend to have a large user base, which means more potential matches for users.
  2. Easy to use: Personals websites are designed to be easy to use and navigate, making it simple for users to create a profile and find matches.
  3. Customizable search filters: Most personals websites allow users to customize their search filters based on their preferences, such as age, location, interests, and more, which can help narrow down the pool of potential matches.
  4. Privacy and anonymity: Personals websites typically offer privacy and anonymity features that allow users to control their personal information and communication with other users.
  5. Flexibility: Personals websites allow users to access the platform from anywhere and at any time, making it a convenient option for people with busy schedules.

Cons:

  1. Safety concerns: Personals websites can be vulnerable to safety concerns such as fake profiles, scams, and fraud, which can put users at risk.
  2. Limited interaction: While personals websites provide a platform for users to connect and communicate, it can be difficult to gauge chemistry or compatibility through online interaction alone.
  3. Membership fees: Many personals websites require users to pay for a membership, which can be a barrier to entry for some users.
  4. Competition: With a large user base comes a high level of competition, which can make it difficult for some users to stand out and attract matches.
  5. Unwanted messages: Users may receive unwanted messages or harassment from other users, which can be a negative experience and discourage users from using the platform.

Overall, personals websites like MegaPersonals can be a useful tool for people looking to connect with others and find potential matches. However, it’s important to weigh the pros and cons and take appropriate safety precautions when using any online dating platform.

Conclusion:

Creating a personals website like MegaPersonals requires careful planning, design, and development. It’s important to identify your target audience, choose a suitable platform and hosting service, develop a matchmaking algorithm, build a database, and incorporate features for communication and interaction. Testing the website before launch is also essential to ensure its functionality and user experience.

Once the website is ready, promoting it through social media, online advertising, and collaborations can help attract users and build a user base. However, it’s important to weigh the pros and cons of personals websites and take appropriate safety precautions to ensure a positive user experience.

Overall, personals websites like MegaPersonals can provide a platform for people to connect and find potential matches, but it’s important to use them responsibly and safely.

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Press Release

Anti-Secrecy Activists Publish a Trove of Ransomware Victims’ Data DDoSecrets

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Anti-Secrecy Activists Publish a Trove of Ransomware Victims' Data DDoSecrets

In the interest of openness, the WikiLeaks successor DDoSecrets has gathered a contentious new collection of business ddosecrets wikileakslike 1tbgreenbergwired.

Radical transparency advocates like WikiLeaks have been fusing hacking and whistleblowing for years. No matter how dubious the source, they frequently publish any data they deem to be of public importance. However, one leak-focused organisation is currently mining a contentious new source of information: the enormous data caches that ransomware teams steal and release online when victims refuse to pay.

The transparency group of data activists known as Distributed Denial of Secrets today released a sizable new amount of data on its website, all of which were gathered from dark web sites where the material was initially disclosed online by ransomware hackers. About 1 terabyte of the information, which includes more than 750,000 emails, pictures, and documents from five companies, has been made public by DDoSecrets. With selected journalists or university researchers, the organisation is also offering to confidentially share an extra 1.9 gigabytes of data from over a dozen other firms. The massive data gathering covers a wide range of businesses, including manufacturing, finance, software, retail, real estate, and oil and gas.

All of that data, along with the gigabytes more that DDoSecrets claims it will provide in the upcoming weeks and months, comes from a trend among ransomware operations run by cybercriminals that is becoming more and more widespread. Ransomware hackers now frequently steal huge quantities of victim data and threaten to publish it publicly unless their hacking targets pay, going beyond simply encrypting victim PCs and demanding a payment for the decryption keys. The victims frequently reject that extortion, and the cybercriminals often carry out their threat. As a result, dozens or even hundreds of terabytes of private corporate information are exposed and posted on dark web servers, the web addresses of which are known to hackers and security experts.

Co Founder of DDoSecrets

Emma Best, co-founder of DDoSecrets, asserts that the data dump trails that ransomware operations leave in their wake frequently contain information that should be examined and, in some cases, made public. In a text message discussion with WIRED, Best said, “Ignoring critical data that can educate the public about how companies operate isn’t something we can afford to do.” Given that there is too much data for DDoSecrets to look through on its own, Best, who uses the pronoun they, was unable to state in many instances with certainty what secrets of possible public interest those enormous data sets may contain. But they contend that any proof of corporate wrongdoing revealed by those records, or even intellectual property that can benefit the public, should be regarded as fair game.

According to Best, “we have a duty to make that information available to researchers, journalists, and scholars so they can learn about how typically opaque industries (many of which control significant aspects of our lives and the future of the planet) operate.” This could be a pharmaceutical company, a petroleum company, or any other business with technical data and specs.

Exploiting data leakage left behind by cybercriminal hackers, however, raises significant ethical dilemmas for those battling the spreading global scourge of ransomware attacks. In his opinion, amplifying the leaks from ransomware groups only encourages them to threaten those leaks against more victims. Allan Liska is an analyst and researcher for the security firm Recorded Future. He claims to have personally witnessed the devastating effects of ransomware attacks on businesses of all sizes. Personally, I believe it to be incorrect, says Liska. “I believe you are taking advantage of someone who has a crime committed against them, even if you believe your motives are good,”
The best defence is that DDoSecrets isn’t disclosing any information that those hackers haven’t already made available. They claim that all of the information was previously published by ransomware hackers. “We don’t collaborate with them in any manner or receive anything from them directly. We are making data available that journalists are unable or frightened to access. Best adds that DDoSecrets will often discuss the majority of the leaks in private with journalists and scholars rather than publishing the material themselves. In those circumstances, they will request that anyone publishing the data redact anything that is excessively sensitive and doesn’t serve the public interest, including personally identifiable information. However, if the organisation decides that revealing such private information would be in the public interest, they reserve the right to do so. They also intend to grant the journalists and academics they share data with the same freedom to publish their findings.

DDoSecrets further points out that, whether or not it obtains personally identifying information, cybercriminals who might use it in ransomware leaks are already searching those breaches. The bogeymen that everyone enjoys worrying about? best authors. “They already have the information.”

Best cites the instance of Perceptics, a company that makes technology for license-plate readers. Perceptics experienced a breach in the spring of last year, and as per tech news site the Register, a ransomware hacker likely released its files onto the black web. In order to demonstrate how Perceptics had lobbied Congress for Customs and Border Protection contracts and downplayed security and privacy issues with its tech—even as the delicate license-plate data it was collecting was left vulnerable to hackers—journalists at the Intercept dug through the leaked data.

We cannot afford to ignore important data that can educate the public about how various sectors function.

BEST, EMMA; DDoSecrets

DDoSecrets released their own explosive collection of breached documents in June of this year. The group received BlueLeaks, a sizable collection of law enforcement information, from a hacker affiliated with Anonymous. The DDoSecrets account was suspended by Twitter, and all tweets including links to its website were even blocked, as a result of the 269 GB collection of papers from 200 state and local police organisations. The r/blueleaks subreddit was blocked by Reddit. Shortly after, DDoSecrets suffered a huge setback from which it is still trying to recover when German prosecutors in the town of Zwickau ordered police to take a server belonging to the organisation that housed many of its files and the search engine for its data gathering. It now intends to store its data on Tor-protected.onion sites that conceal the physical location of servers, making future seizures much more challenging.

DDoSecrets is still committed to completing its bigger objective in spite of those obstacles. It has also tapped into a large new stream of leaks thanks to its new malware trove. According to Liska of Recorded Future, more than 1,000 ransomware victims had their data leaked onto dark web sites just last year. He calculates that the total amount of stolen data posted to numerous dark web sites during a single year of ransomware outbreaks is between 100 and 200 gigabytes.

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According to Thomas Rid, a professor of strategic studies at Johns Hopkins University who wrote extensively about hack-and-leak operations in his book Active Measures, the ethics of searching through that deluge of leaked data for information of public interest is dependent on more than just whether the data was leaked by an insider or stolen by a hacker, or even the intentions of whoever might have stolen it. It would be significantly different from WikiLeaks’ widely criticized decision to release previously unpublished emails taken from the Democratic National Committee by Russia’s military intelligence agency in 2016 if the data had actually been made public by hackers prior to DDoSecrets obtaining it.

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But Rid points out that DDoSecrets’ decision to keep the data forever is more morally dubious because, in many situations, the material may only be accessible on a dark web site for a little period of time. When you are the sole source, Rid explains, “you are essentially the publisher at that point.” “These ethical edge scenarios must be acknowledged by Emma and their colleagues. They cannot simply act as though they are not in uncharted territory.”

Best claims that ignoring the existence of ransomware data merely permits hackers to take advantage of it, leaving its value as a source of newsworthy muckraking or other benefits to the general public. Terabytes of data are “inundating the dark web and being utilised almost exclusively by hackers and the kind of people security experts and commentators love to wring their hands over,” says Best. “But they’re virtually wholly unavailable to the public and to journalists.” Our main objective has always been to help and inform the people.

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Paymentus to Acquire Payveris in $152.2 Million Deal

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cloudbased Paymentus payveris crowdfundinsider

A legally binding agreement has been struck by Paymentus, a provider cloudbased paymentus payveris crowdfundinsider cloud-based bill payment technology, to acquire Payveris, which also offers cloud-based bill payment services. $152.2 million is the purchase price, with roughly 56 percent being paid in cash and 44 percent being paid in Paymentus Class A common stock.

With real-time capabilities, improved electronic bill presentation, and more payment alternatives for banks, credit unions, and financial institutions of all sizes, the combination is anticipated to increase the addressable market opportunity for Paymentus’ current offerings.

The president and CEO of Paymentus, Dushyant Sharma, said, “We started our connection with Payveris as a multifaceted partnership and it immediately became evident that their technology and team are best-in-class and would be immensely additive to our platform and goal. “This purchase helps us give additional value to our billers, strategic partners, and financial institutions while also accelerating our potential to disrupt the old bill pay paradigm. We are eager for the Payveris team to join Paymentus’ rapidly expanding team.

Once the agreements are fulfilled, Paymentus will provide Payveris‘ bank and credit union clients access to the Instant Payment Network as well as its omni-channel bill presentation and payment platform to Payveris clients who service loans in order to modernize their loan payment operations. The Paymentus platform can be made available to business and commercial clients of Payveris’ bank and credit union clients so that they can present and pay bills.

The acquisition should benefit Payment us clients since their consumers will soon be able to view bills and make real-time payments at the more than 265 banks and credit unions that Payveris supports. By enabling better control, quicker payments, and greater transparency when paying bills and moving money from any account to any end point, the combination of Paymentus and Payveris will simplify money management for consumers.

“Paymentus is the ideal place for Payveris to live. A real-time payment network connecting customer accounts at their financial institutions and their billers is created when the companies’ highly complementary technologies are joined, according to Ron Bergamesca, CEO of Payveris. “This network will serve as the cornerstone for providing financial institutions with quick innovation in digital payments.”

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