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IndustryUpdate
ANNOUNCEMENTS
Bill.com earns Nacha certified status
Nacha approved Nacha Certified status for
Bill.com, a cloud-based software platform that facilitates
ACH payments. Nacha Certified is a voluntary program
for third-party senders in the ACH Network. By meet-
ing rigorous criteria, Nacha Certified companies dem-
onstrate to their customers, peers and others that they
meet Nacha’s standards for high-quality ACH payment
processing, Nacha stated.
Honeywell names BlueStar Distributor of the Year
BlueStar was named 2020 Honeywell Distributor of
the year for the U.S. and Canadian regions for the
second consecutive year. The award is granted to a
company that has accomplished the highest, most sus-
tainable quarterly sales outgrowth throughout the year.
"BlueStar continues to execute a pattern for delivering
growth, value, enablement of Channel initiatives, all
while remaining effectively communicative during the
collaboration process," Honeywell noted.
Payment Alliance International rebrands
Payment Alliance International, a provider of ATM port- paying for electric vehicle (EV) charging. With at least
folio management tools and services, changed its brand
Payment Solutions
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to PAI and revitalized the company’s visual brand iden-
tity. Along with the new brand and logo, PAI introduced
an updated corporate website (www.gopai.com) focused
on technology to aid and simplify the process of manag-
ing ATMs. "We are a different company than we were
two years ago—bolder in our thinking, more disruptive
in our actions, and more contemporary in our approach
to running a business," said David Dove, CEO of PAI.
"Our new brand and visual identity reflect the company
we have become today."
PayNearMe simplifies iGaming deposits, payouts
PayNearMe enhanced its iGaming solution to enable
U.S. operators to accelerate speed to market and simplify
the deposit and payout experience across a wide range
of payment types—including Apple Pay and Google
Pay—through a single integration. With PayNearMe’s
expanded iGaming solution operators can now accept
players’ cash and electronic payment deposits and rap-
idly distribute payouts without having to manage mul-
tiple payment providers, the company said.
STA proposes payment framework for EV charging
The Secure Technology Alliance released a white paper
outlining a path to an open payment infrastructure for
10 EV charge point operators and over 20,000 charging
stations in North America, an open payment infrastruc-
ture can greatly improve the user experience from one
station to the next, the alliance noted. The white paper,
Electric Vehicle Charging Open Payment Framework
with ISO 15118, is available for download at www.
securetechalliance.org/publications-electric-vehicle-charging-
open-payment-framework-with-iso-15118/.
37 billion data records leaked in 2020
According to Atlas VPN, which analyzed the 2020 Year
End Data Breach QuickView Report by Risk Based Security,
the number of leaked data records worldwide hit 37
billion in 2020. It is a 140 percent increase from 15 bil-
lion records in 2019. The majority—82 percent or over
30 billion data records—were compromised in only five
major breach incidents. All of them were a result of mis-
configured databases or services. The most commonly
exposed type of data: names, leaked in 46 percent of
breaches last year. Next up: email addresses, which were
compromised in 32 percent of incidents.
Payments access for underserved improves
The Electronic Transactions Association released its
annual white paper highlighting how its members are
using technology to address the financial needs of the
underserved. The report, How FinTech Is Addressing the
Needs of the Underserved, outlines the unprecedented
technological advancements created to broaden access
to financial services, typically referred to as financial