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IndustryUpdate
2016 Technology Award will be listed in an upcoming our community footprint," said Armen Najarian, Chief
special section of the journal. Marketing Officer for ThreatMetrix.
PreCash adopts new brand, extends services Transfast expands in U.S., London
PreCash Inc. stated that it officially became Noventis Transfast expanded its global presence with the addition
Inc. to reflect its mission to serve new markets and of new offices in Tampa, Fla., and London, so it now has
deliver faster bill payments at a lower cost to a broad 22 offices in 16 countries. Transfast said it expanded its
base of businesses. "Building on our success as PreCash, offices in London to establish deeper roots in one of the
Noventis is well positioned to make digital payments most important financial centers of the world and that
more accessible and affordable for small to medium- the new Tampa office will centralize its U.S. operations.
sized businesses," said Steve Taylor, Noventis Chief The Transfast network currently operates across 120
Executive Officer. countries with 200,000 payout points in the Americas,
Middle East, Asia, Europe and Africa.
Ripple raises cash, initiates global steering group
Vantiv supports web-based Apple Pay
Ripple Labs Inc. reported that it completed a $55 million
Series B financing round and will use the funds to accel- Vantiv Inc. indicated it supports Apple Pay on the web,
erate growth, pursue strategic partnerships and grow its which enables ecommerce websites to offer single-
international team. The company also formed the Global touch checkout for customers shopping in the Safari
Payments Steering Group, an interbank group that will web browser on iPhone, iPad and Mac. Vantiv stated
oversee the creation and maintenance of Ripple global its clients have already begun to share praise for Apple
payment transaction rules and formalized standards. Pay's new capabilities and how it will help their consum-
Founding members include Bank of America, Merrill ers. Savid Shabeer, Vantiv Vice President of Merchant
Lynch, Santander UK PLC, UniCredit Group, Standard Product, said, "Apple Pay on the web is a game changer."
Chartered PLC, Westpac Banking Corp. and Royal Bank
of Canada. Walmart selects ChaseNet
SafeBreach honored by Wal-Mart Stores Inc. revealed it is set up to process pay-
Security Innovation Network ments on ChaseNet, JPMorgan Chase & Co.'s closed-
loop network, at its more than 5,000 Walmart and Sam's
SafeBreach Inc. was named a SINET 16 Innovator Award Club locations in the United States, as well as through
Winner for 2016. Awarded annually by the Security the Sam's Club ecommerce website. "Walmart is always
Innovation Network, the awards recognize the world's looking for innovative ways to improve the payment
most innovative technologies and compelling emerging experience for our customers while also creating compe-
companies. SafeBreach was recognized for its one-of- tition in the payments industry," said Mike Cook, Senior
a-kind virtual hacker platform, which incorporates the Vice President and Assistant Treasurer at Wal-Mart.
complete Hackers' Playbook of breach methodologies,
and manages a distributed network of breach simulators RESEARCH
from a centralized location, SafeBreach noted.
Accenture studies SMB digital capabilities
Swych earns top Finovate honors
Research released by Accenture PLC revealed that
The Swych Mobile Gifting Platform, along with the despite the potential for small and traditional businesses
newly unveiled Swych GiftBot, won the Best of Show to become successful digital platform companies, as few
award at the Finovate Fall 2016 conference. Swych's new as 10 percent of new startups focused on this business
patent-pending GiftBot, a first-of-its-kind personal gift- model will become profitable, independent entities in
ing assistant that makes gifting possible from the apps the coming years.
that consumers use most often, such as Facebook, Skype
and iMessage, was introduced at the conference and is Accenture's Five Ways to Win with Digital Platforms, pub-
now available in both the Apple Inc. and Google Inc. lished in collaboration with the G20 Young Entrepreneurs'
mobile app stores. Alliance, assessed the ability of 16 economies to support
the growth of digital platforms. It indicated that China,
ThreatMetrix protects San Jose Earthquakes India, the United States, the U.K. and Germany are at the
top of the Accenture Platform Readiness Index.
ThreatMetrix extended an agreement with the San
Jose Earthquakes, building on ThreatMetrix's securing AFP reports on B2B payments
of online ticket sales for the Quakes. The agreement
also includes stadium branding, customer engagement The 2016 AFP Electronic Payments Survey, underwritten
and match tie-ins. "We're thrilled that as an Official by JPMorgan Chase found a majority of organizations
Quakes Team Partner, we're able to deepen support intend to use same-day automated clearing house pay-
for our hometown soccer club and continue to expand
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