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IndustryUpdate

future eight-digit issuer identification numbers (IIN) and
the existing six-digit format. As the change may have
implications for merchant and processor systems beyond
payments, EMVCo published a draft specification bulletin
that summarizes the changes. The bulletin is scheduled to
be published by the end of 2019 and become effective in
2021. The IIN forms part of theprimary account number
that links a card to an individual account.
ANNOUNCEMENTS Melissa app to simplify ID verification

Melissa, a provider of global identity verification solutions,
Anchor releases digital wallet, lists on Liquid introduced Melissa KYC (know your customer), a unified
compliance toolset designed to enable businesses to
Anchor, a two-token, algorithmic stablecoin pegged to the verify the identity of their customers easily, securely and
growth trend of the global economy, reported it is beta conveniently. The solution includes ID card and document
testing the new Anchor Wallet. It also said it will soon be authentication, biometrics and liveness confirmation
listed on Liquid, a trading platform devised to bridge the to streamline customer onboarding and customer due
worlds of fiat and crypto currencies. Liquid will be the diligence so companies can confidently adhere to complex
first to offer crypto traders, investors and enthusiasts the government regulations, the company said.
opportunity to purchase, trade and sell Anchor, the first
algorithmic stablecoin pegged to the global economy, the MTrac heralds MTrac 3.0
company said.
Global Payout Inc., a provider of comprehensive,
EMVCo to support six- and eight-digit IINs customized prepaid payment solutions, and its wholly
owned subsidiary MTrac Tech Corp. disclosed that MTrac
EMVCo is evolving the EMV Integrated Circuit Card launched a massive update to its blockchain powered
Specifications for Payment Systems to support both payment platform, which includes the
addition of new banking partners to
provide enhancements that improve
the merchant experience. Kevin Curtis,
MTrac Chief Strategy Officer, said the
MTrac 3.0 launch "is the culmination
of key partnerships, significant
market share, and our team's focus on
compliance, service, and stability."
MX sponsors Patriot Boot Camp

MX, a data platform provider for banks,
credit unions and fintechs, stated it
signed a four-year sponsorship of
Patriot Boot Camp. MX also hosting
the boot camp Aug. 23 to 25, 2019,
at MX headquarters in Lehi, Utah.
The boot camps are designed to help
transitioning members of the military,
veterans and military spouses pursue
their entrepreneurial dreams. "Coming
from a military family as well as having
attended the U.S. Air Force Academy,
I have seen firsthand the incredible
entrepreneurial potential of these brave
men and women who serve our country,"
said Ryan Caldwell, founder and CEO of
MX.

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