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IndustryUpdate
ANNOUNCEMENTS stock of EVO Payments Inc., which will become the par-
ent and sole managing member of the public company.
The number of shares to be sold and price range for the
Elavon's P2PE solution PCI validated IPO have not yet been determined. EVO plans to list its
U.S. Bancorp subsidiary Elavon Inc. received valida- Class A common stock on the NASDAQ Global Select
tion for its Safe-T Link with P2PE Protect as a PCI Market under the "EVOP" symbol. J.P. Morgan, BofA
Security Standards Council Point-to-Point Encryption Merrill Lynch, Citigroup, Deutsche Bank Securities
(P2PE) solution. Receiving this level of validation gives and SunTrust Robinson Humphrey are the lead book-
Elavon customers the strongest encryption protection running managers for the proposed offering.
by making data less valuable if stolen; it also helps busi- FTC champions small business cybersecurity
nesses manage card industry data protection mandates
and reduces the high costs associated with maintaining The Federal Trade Commission launched a national
Payment Card Industry (PCI) data security standards education campaign to help small businesses strengthen
compliance, the company stated. cybersecurity defenses and better protect sensitive data.
"Our new campaign aims to help these small businesses
EVO files for proposed IPO with targeted, plain-language advice on everything from
EVO Payments International filed a registration state- protecting against phishing scams to tips on what to look
ment with the U.S. Securities and Exchange Commission for when choosing a cybersecurity vendor," said Tom
for a proposed initial public offering of Class A common Pahl, Acting Director of the FTC's Bureau of Consumer
Protection.
Nets pilots finger vein payments
Denmark-based payment technology pro-
vider Nets A/S began testing finger vein
payments at the Copenhagen Business
School, which enables students to trans-
act using their finger at checkout. In col-
laboration with CBS, Smart Payments and
Fingopay, Nets installed finger scanners at
checkout in the school's cafeteria. Anyone
with a Dankort, the national debit card of
Denmark, may enroll in the program which
links the unique patterns of veins in the
finger to an account.
Onpex wins technology award
Onpex's multilayered, application pro-
gramming interface (API)-driven platform
was given the Online Payment Platform
of the Year award by Corporate LiveWire,
a firm that offers business and corporate-
finance professionals information on rel-
evant developments globally. "We provide
multicurrency IBAN accounts and acquir-
ing powered by flexible, API-driven tech-
nology to create simple, compliant, and
cost-efficient payment and banking solu-
tions," Onpex stated.
SpotOn founders commit
$20 million to platform
A $20 million investment in SpotOn Transact
LLC, led by founding twin brothers Matt
and Zach Hyman, who recently sold their
Central Payment venture to Total System
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