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IndustryUpdate

available for WooCommerce, but
now merchants using Magento, an
open-source ecommerce platform,
can also easily install the Numifex
plugin, Pyrofex stated.
ANNOUNCEMENTS
SpotOn funding round
MTrac offers mobile payments to CBD delivery services raises $40 million

Global Payout Inc. and its subsidiary MTrac Tech Corp. deployed their cash- Payments and software company
less payment solution into the cannabis/CBD delivery market. The MTrac SpotOn Transact LLC secured $40
platform offers a compliant retail payment solution for brick-and-mortar million in new funding led by
stores and now processes seamless transactions on cellular-powered mobile Franklin Templeton, with signifi-
terminals for secure digital payments at the point of delivery, MTrac stated. cant participation from Dragoneer
Investment Group. SpotOn report-
MWAA honors Paysafe's O.B. Rawls ed its revenue has grown more
than 400 percent over the last 12
The Midwest Acquirers Association chose O.B. Rawls, Paysafe's president months. This round of funding
of payment processing North America, as its 2019 Industry Achievement will be used to accelerate momen-
Award recipient. In recognition of Rawls's entire payments career, the award tum and fuel expansion into new
will be presented July 17, 2019, at the MWAA 2019 Conference, held in the markets.
Renaissance Schaumburg Convention Center Hotel in Schaumburg, Ill.
US Payments Forum offers best
Numifex adds bitcoin, Magento to platform practices for in-store
Pyrofex said its crypto payment processor, Numifex, can now process online contactless acceptance
payments in bitcoin as well as ether currencies. Previously, the plugin was only The U.S. Payments Forum released
Consumer Experience at the
Contactless Point of Sale, a white
paper describing best practices
for contactless acceptance. Randy
Vanderhoof, director of the forum,
said an essential part of the growth
in contactless adoption involves
"making sure consumers know
where they can tap, how to tap and
when to do so. This new resource
gives merchants and issuers guid-
ance to improve the user expe-
rience through signage, prompts
and other POS recommendations."
RESEARCH

2018 Canadian open-loop
prepaid market grew
to $4.3 billion
The Canadian Prepaid Providers
Organization released its annual
benchmark study, The Canadian
Open-Loop Prepaid Market: 2018,
revealing that CAD$4.3 billion
total was loaded onto open-loop
prepaid cards last year. According
to the study, conducted by
Mercator Advisory Group, total
loads increased across corporate-
government- and consumer-fund-

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