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IndustryUpdate

CPPO study shows growth in open loop prepaid digital payment acceptance and cryptocurrency pro-
cessing. iPayment can now facilitate cryptocurrency
The Canadian Prepaid Providers Organization released acceptance for merchants and their channel partners.
its annual benchmark study, conducted by Mercator "Our goal at Aliant is to be one of the first adopters and
Advisory Group Inc. and titled Canadian Open-Loop facilitators of cryptocurrency in the traditional payments
Prepaid Market: 2017. The study revealed CAD $3.8 bil- space," said Eric Brown, founder and CEO of Aliant.
lion total was loaded onto open-loop prepaid cards and "Partnering with an established, quality organization
noted significant increases to average loads per card in like iPayment helps us achieve that goal."
all categories of corporate-, consumer- and government-
funded cards. "The open-loop market has achieved con- Paya offers SwipeSimple, teams with Bluefin
secutive growth over the past three years, with a 27 per-
cent increase between 2015 and 2017," researchers found. Payment technology provider Paya Inc. and CardFlight
Inc., a mobile POS and software-as-a-service payment
NRF reports retail sales up technology company, reported that Paya now offers
CardFlight's SwipeSimple payment acceptance solu-
April retail sales increased 0.4 percent seasonally adjust- tions to its merchants. The SwipeSimple product suite
ed over March and 2.8 percent year-over-year as consum- provides BLE or audio jack EMV Quick Chip, NFC
ers continued to spend, the National Retail Federation contactless-enabled card readers; mobile and web apps
said. The numbers exclude automobiles, gasoline sta- for payment acceptance; merchant portal; and virtual
tions and restaurants. The NRF also noted that the three- terminal.
month moving average was up 4.1 percent over the same
period a year ago, which is in line with NRF's forecast Additionally, security solutions provider Bluefin
that 2018 retail sales will grow between 3.8 percent and Payment Systems LLC partnered with Paya, which will
4.4 percent over 2017. enable Paya to provide Bluefin's PCI-validated point-

ThreatMetrix finds cyberattacks up in Europe to-point encryption (P2PE) security solution to part-
ners and customers using Paya's Payments Platform.
ThreatMetrix research revealed a 30 percent year-over- Through its partnership with Bluefin, Paya strengthens
year increase in volume of European cyberattacks in the its enhanced security suite while reducing PCI scope for
first quarter of 2018. The ThreatMetrix Q1 2018 Cybercrime clients without any changes to the payment transaction
Report: Europe Deep-Dive analyzes evolving attack trends flow, Paya stated.
and how they differ regionally. "European digital busi-
nesses were hit with 80 million fraud attempts, as they Sage integrates PayPal
experienced more pronounced spikes of peak attack Sage Group Plc., a cloud-based business management
periods throughout Q1 2018 compared to previous solutions provider, partnered with PayPal Inc. to enable
years," ThreatMetrix stated. faster and simpler payment options. The integration
of PayPal as a payment option on Sage 50cloud will
PARTNERSHIPS enable users of Sage 50cloud to offer their customers a
secure online payment method. The integration of Sage
Akamai, MUFG to launch 50cloud with PayPal will also give businesses more
choice by providing an integrated fast payment method
blockchain-based network to improve cash flow, the partners noted.
Cloud delivery platform provider Akamai Technologies
Inc. and financial group MUFG revealed plans to offer ACQUISITIONS
a blockchain-based online payment network that will
enable next-generation payment transaction scale and Adobe to acquire Magento Commerce
responsiveness. "This hyper-scale payment network,
powered by an innovative and newly developed block- Adobe entered a definitive agreement to acquire Magento
chain architecture, is designed to be capable of process- Commerce for $1.68 billion, subject to customary pur-
ing more than one million transactions per second at chase price adjustments. The addition of the Magento
latencies of less than two seconds per transaction," the Commerce Cloud platform will enable seamless inte-
partners stated. gration with the Adobe Experience Cloud to deliver a
single platform for B2B and B2C customers globally,
iPayment, Aliant team for Adobe stated, adding that the Magento platform brings
cryptocurrency acceptance together digital commerce, order management and pre-
dictive intelligence for unified commerce across a wide
iPayment, Inc., a provider of payment and processing array of industries.
solutions for small and medium-sized businesses, part-
nered with Aliant Payment Systems, Inc., a provider of

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