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IndustryUpdate

ANNOUNCEMENTS PPRO growth and financing accelerate

PPRO, a local payments platform-as-a-service, reported
ACI Payments Nacha-certified for bill payment an 85 percent increase in transaction volume year over
year, highlighting opportunities for cross-border ecom-
ACI Worldwide subsidiary ACI Payments Inc. received merce amid the COVID-19 pandemic. Due in part to a
Nacha Certified status, which verifies ACI achieved the shift in ecommerce consumer behavior, PPRO noted, it
highest standards of ACH payment processing outlined is now processing an annual run rate of $9 billion in pay-
by Nacha for its bill payments solution, ACI Speedpay. ment transaction volume. The company also closed on a
Nacha is a nonprofit organization that convenes a net- $50 million financing round led by Sprints Capital with
work of organizations to enhance and enable electronic participation from existing investors Citi Ventures and
payments and financial data exchange and supports HPE Growth. PPRO said it will use the funds to scale the
development of rules, standards, governance, education, organization and accelerate strategic growth plans for its
advocacy and innovation to benefit providers and users. global platform.

BlueStar named Bixolon's Distributor of the Year
RESEARCH
BlueStar was granted Bixolon's 2019 Distributor of the
Year award, which, according to Bixolon President Paul
Kim is granted to those who demonstrate a heightened EPA publishes research on Wirecard shutdown
sense of year-to-year growth and exceed performance The Emerging Payments Association, which celebrates
goals within reseller business development. collaboration and innovation across the emerging pay-
"BlueStar has excelled throughout the 2019 year achiev- ments industry, launched a review paper titled Avoiding
ing a growth of over 60 percent which stands as a peak a payments lockdown to present to the UK's Financial
record in Bixolon sales," Bixolon stated. Conduct Authority and the Treasury following the shut-
down of Wirecard Card Solutions Ltd. The paper seeks
Century wins People's Choice Stevie Award
to identify the current vulnerabilities of the business
Century Business Solutions won a People's Choice Stevie models that underpin the payments industry, highlight
Award for Favorite New Payment Solution in the 18th how the direct implications of the FCA's intervention left
Annual American Business Awards. All organizations consumers vulnerable, and aims to further discussion
operating in the United States are eligible to submit with the FCA to consider such regulatory processes in
nominations — public and private, for-profit and non- the future, the EPA stated.
profit, large and small. More than 87,000 votes were cast
in 52 people's choice categories this year. All new prod- Ondot highlights growth
ucts and services honored in the ABA's new product drivers for Millennials, Gen Z
categories were included in people's choice voting. Ondot Systems, a digital card services platform for cred-

Factor4 offers SMB gift card, loyalty solutions it and debit issuers, released How Millennials and Gen Z
Can Power Growth for Financial Institutions, a white paper
Factor4 LLC, a provider of gift card and loyalty solu- that offers financial institutions perspective on the needs
tions for the SMB market, launched Web Terminal Plus. of millennials and Generation Z, including the role of
This enhanced version of the company's virtual terminal technology in driving younger people toward large
enables merchants to use mobile computers and mobile banks. The paper, which is available for free at www.
devices to email and text gift cards directly from www. ondotsystems.com, also discusses the rationale for appeal-
Mywebterminal.com, providing contact-free functionality. ing to these generations and how financial institutions
Merchants can still issue and redeem plastic gift cards can more effectively attract them.
via the virtual terminal.
PARTNERSHIPS
Paysafe brings contactless to Bump 50:50
Specialized payments platform Paysafe expanded its ClearSale a BigCommerce Preferred Partner
omnichannel payments offering for Bump 50:50, the
Sportech division providing a digital raffle solution BigCommerce named international fraud protection
to sports and nonprofit charity foundations. As North provider ClearSale a Preferred Technology Partner,
American in-stadium sports return, fans will be able which enables ClearSale to provide more than 60,000
to enter raffles safely and securely through Paysafe- BigCommerce stores access to ClearSale's advanced
processed contactless card payments at points of sale fraud technology along with its internal analyst team. In
(POS) from Handpoint, a pioneer in defining integrated addition, this partnership gives BigCommerce custom-
payments, the company stated. ers the ability to integrate ClearSale's fraud protection
solution through the BigCommerce App Marketplace,
the partners noted.
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