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 meeting rigorous criteria, Nacha Certified companies demonstrate to their customers, peers and others that they meet Nacha’s standards for high-quality ACH payment processing, Nacha stated.
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 sustainable 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, a provider of ATM portfolio management tools and services, changed its brand to PAI and revitalized the company’s visual brand identity. 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 managing 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 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 rapidly distribute payouts without having to manage multiple payment providers, the company said.
The Secure Technology Alliance released a white paper outlining a path to an open payment infrastructure for paying for electric vehicle (EV) charging. With at least 10 EV charge point operators and over 20,000 charging stations in North America, an open payment infrastructure 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/.
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 billion 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 misconfigured 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.
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 inclusion, the ETA stated. Financial inclusion refers to individuals and businesses having access to useful and affordable financial products and services that meet their needs and that are delivered in a responsible and sustainable way, according to the World Bank. An inclusive financial system provides consumers and businesses access to a variety of these products and services.
Integrated payments platform Paysafe reported it is leveraging technology from data cloud company Snowflake to achieve meaningful data insights and deliver more informed and enhanced customer experiences by tapping into artificial intelligence and machine learning data models. As well as supporting Paysafe’s identification of consumer trends, the personalization of its services, fraud prevention and KYC initiatives, the data models powered by Snowflake’s platform will also help to inform the company’s new product developments. The platform is also enabling Paysafe to obtain a single customer view across its range of alternative payment methods, Paysafe added.
Through IRIS CRM's integration, Merchant Reporting Through SAM by Netevia, SignaPay ISOs can now view SignaPay deposits, chargebacks, merchant account statuses and statements alongside their portfolio-wide merchant reporting in IRIS CRM. Thus, they no longer have to access disparate systems to get the full view of their portfolio and overall business performance, the partners stated. With the ability to analyze SignaPay reporting through SAM by Netevia in conjunction with their full merchant portfolio, ISOs can make better business decisions and grow their business faster, they added.
Sift, a provider of digital trust and safety services, is working with McDonald’s to prevent fraud and streamline the customer experience on the McDonald’s mobile app in select countries across Europe, Asia, Africa, and Oceania. Available on the App Store and Google Play, the McDonald’s mobile app allows customers to order and pay for menu items for drive-thru and curbside pickup, contactless mobile order and pay, exclusive deals, and more—all in one place.
PayPal Holdings Inc. agreed to acquire Curv, a cloud-based infrastructure for digital asset security that is based in Israel, to accelerate and expand its initiatives to support cryptocurrencies and digital assets. Founded in 2018, Curv stated it mitigates the blockchain’s irreversible single point of failure by eliminating the concept of private keys and providing an enterprise-grade policy engine. The acquisition reportedly comes shortly after PayPal publicized its commitment to "help shape the role that digital currencies will play in the future of financial services and commerce."
Indian software firm Wipro is acquiring UK technology consultancy Capco in a $1.45 billion deal. Seeking to expand its presence in Europe and Asia, Wipro said it shares complimentary business models with Capco and believes the deal places it as one of the largest “end-to-end global consulting, technology and transformation service providers” in the financial services industry. It adds a combination of the two creates a partner who can deliver “integrated, bespoke solutions to help fuel growth.” The deal is expected to close at the end of June, subject to regulatory requirements.
WPP's Wunderman Thompson acquired NN4M, a mobile commerce partner for global brands. Forming part of Wunderman Thompson Commerce, NN4M will strengthen the global ecommerce consultancy’s multichannel offering. As a leader in digital solutions, NN4M builds bespoke commerce applications for brands across multiple touchpoints, including smartphone, tablet, apps and in-store experiences, WPP stated.
First American Payment Systems appointed Barry Rodrigues to its board of directors. Rodrigues, a proven global business builder and senior digital payments executive, joins an esteemed group of private equity investors and financial services leaders who hold fiduciary responsibility for the governance of the company, FAPS noted. Rodrigues’ career encompasses all aspects of the financial services and payments spectrum at some of the world’s largest financial institutions. Directly prior to joining Commerce Ventures as Senior Advisor in January, Rodrigues served as CEO of Barclays Cards and Payments division and as CEO of Barclays Bank Delaware.
Fintech enablement company ENACOMM hired John Sullivan as regional vice president of financial services. Sullivan is charged with bringing the ENACOMM Financial Suite to financial institutions in the western United States. Sullivan brings more than two decades of experience with helping customers minimize cost and maximize productivity through the strategic implementation of technology solutions. Most recently, he served as channel director of the Western United States for Unify Software and Solutions—a member of the Atos family—where he drove significant revenue growth and received global recognition for Alliance Partner success, ENACOMM noted.
Ron Totaro joined Tassat Group LLC as CEO. Totaro brings extensive payments experience to Tassat and will use his strengths to accelerate revenue growth, leverage enabling technologies to drive product innovation, and guide Tassat through its next phase of growth in digital payments, the company stated. As a general manager for global financial services at Pitney Bowes, he oversaw the evolution of the company’s largest business line and the Pitney Bowes Bank. Previously Totaro was the COO for ACI Worldwide, one of the world’s largest fintech companies.
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