PSCU, a leading credit union payments provider, is working with Baxter Credit Union to evaluate MemberPass, a blockchain-based verification method by CULedger designed to simplify logins while protecting member privacy. Scott Young, vice president, innovation at PSCU thanked CULedger for the pioneering use of distributed ledger technology for identity management. "Just as we are doing with MemberPass, we plan to continue applying knowledge gained from proof of concepts with CULedger to future opportunities and strategies on behalf of our Owner credit unions," he said. John Ainsworth, president and CEO of CULedger, also expressed support of the project, stating, "We are excited to partner with PSCU and BCU to improve the safety of members' information and regulate the process by which they verify their identity."
PayRange Inc. completed a $70 million funding round with fintech investors Matrix Partners and Nyca Partners, among others. The funds will support the company's 2020 Consumer Choice Program, an initiative devised to digitize U.S. unattended vending machines. PayRange serves more than 3 million users in 350 cities and towns in the United States and Canada. In addition to modernizing the user experience, PayRange is designed to help participating merchants capture more sales and offer more payments options to consumers by using the company's patented technology. The mobile solution embeds a dongle-like device inside vending machines that is compatible with smartphone mobile wallets and Bluetooth payment schemes, PayRange representatives noted.
A key takeaway from the recent ATM Industry Association's annual conference is that ATMs have an enduring place in the commerce ecosystem. Findings from a survey conducted at the conference indicate respondents showed strong support for next-gen ATMs and for ATMIA's global API designed to augment legacy ATMs with mobile and digital capabilities. "The results show strong support for adoption of next-gen starting in 2020," said Mike Lee, CEO of ATMIA. "An overwhelming majority feel app-based ATMs are important to the long-term welfare of our industry. Furthermore, almost half of those responding said their business will be an early adopter of next gen." Lee further noted that "better customer experience" scored highest among attendees as a potential business benefit.
The Green Sheet Inc. tapped marketing executive Danielle "Danni" Thorpe to lead a series of marketing programs across all media touchpoints and print and digital channels. The promotion is effective immediately, according to Kathleen "Kate" Gillespie, CEO at The Green Sheet. "I have worked with Danni for more than 20 years," Gillespie stated. "She's an energetic, innovative thinker who has designed and developed one-of-a-kind promotions for our partners." Dale Laszig, senior staff writer and content development specialist at The Green Sheet, added, "Danni's pioneering work has broadened our participation in social media and video content marketing. I am excited to see how our new digital capabilities will enrich our partner relationships and add value for our readers and subscribers."
EMVCo issued new guidelines designed to optimize security and efficiencies across the rapidly expanding Internet of Things (IoT). The global technical body affirmed its commitment to support a growing number of IoT payments use cases, which require agile, up-to-the-minute methods for evaluating and enabling emerging solutions and devices. These capabilities will enable users, service providers and sentient machines to safely and seamlessly transact across the evolving IoT ecosystem, according to Bruce Rutherford, EMVCo executive committee chair. "The IoT is creating new ways to pay, with payment functionality enabled across various industries globally," Rutherford said. "This innovation needs to be balanced with functionality, usability and security."
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