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Industry
ChapterTitleUpdate

Mitek expands to UK USAePay unveils development library

U.S.-based mobile capture and identity verification soft- USAePay launched a Payment Engine middleware
ware company Mitek Systems Inc., launched a new UK library for developers to integrate the company's EMV
office located in London. The company stated it works (Europay, Mastercard and Visa) solutions. The library
with over 5,500 organizations providing its technology was created to help with implementing EMV termi-
to 70 million consumers across the globe. Mitek offers nals that work on USAePay's mobile and cloud-based
financial institutions and other highly regulated busi- applications. The library provides access to supported
nesses mobile verification technology underpinned by EMV terminals and deploys automatic updates. It also
artificial intelligence that establishes an individual's includes application programming interface (API) calls,
identity remotely. which allow users to run operational tasks and make
queries related to device management and transaction
PayAnywhere updates brand, offerings initiation.

North Amercian Bancard Holdings LLC launched WISeKey plans IoT blockchain center
a new vision and look for its mobile POS solution
PayAnywhere. The PayAnywhere rebrand includes a Cybersecurity and Internet-of-Things (IoT) company
new logo and tagline that reinforce the company's com- WISeKey International Holding Ltd. stated it will estab-
mitment to connecting merchants and their customers lish an IoT Blockchain Centre of Excellence in the United
through meaningful interaction. In addition to the new States to deploy a trusted blockchain-as-a-service plat-
look, the latest app and portal release, PayAnywhere 5.0, form. The U.S. center will be located in New York and is
includes new features designed to help merchants more expected to be operational in the third quarter of 2017.
easily and efficiently manage their businesses. In addition to offering a blockchain platform to U.S.-
based enterprises, planned services include research,
Philadelphia Fed advocates for security rapid pilot prototyping, co-creation of use cases, and
intellectual property creation on blockchain technology
In remarks made at the Global Interdependence Center's and platforms.
Payment Systems in the Internet Age conference, Federal
Reserve Bank of Philadelphia President Patrick T. Harker
indicated some form of regulation is in the interest of the RESEARCH
evolving fintech industry. "Regulation is not just a ques-
tion of protecting consumers; it's a question of protecting Aite weighs in on U.S. payments ecosystem
the innovators as well," said Harker. He also emphasized
regulators are not trying to stifle innovation, but are A new Aite Group LLC impact note titled ISVs and VARs:
considering how to best supervise U.S. fintech lenders. The Muddle in the Middle of POS combines research on
over 200 payment-focused independent software ven-
Qvivr secures funding dors (ISVs) and value added resellers (VARs). The article
defines the context of the payments ecosystem for ISVs
Qvivr Inc., a mobile payment technology company, and VARs, describes their function and value, identifies
completed a $5 million Series A Round of financing. the different types of ISVs and VARs in the space and
Khosla Ventures led the investment round with partici- their roles, and suggests areas in which payment net-
pation from global investors, including one of the largest works and acquirers could help ISVs and VARs better
multinational banks based in Asia. This investment is support their clients to accelerate EMV implementation.
expected to help the company expand its sales as well as
broaden and accelerate product development and intro- Javelin reports on identity fraud
duce Qvivr into new markets in 2017.
The 2017 Identity Fraud Study released by Javelin Strategy
TouchBistro earns top honors & Research reported that the number of U.S. iden-
tity fraud victims in the last year was 15.4 million. The
For the third consecutive year, TouchBistro was named study found fraudsters netted 2 million more victims
Best POS System for Restaurants by Business News and nearly $1 billion more dollars than the preceding
Daily in its annual review. According to the publica- year. Card-not-present fraud, account takeover and new
tion, TouchBistro was selected because it has everything account fraud continued as significant trends. The report
needed "to run all types of food establishments, without also includes consumer security tips.
all the fuss." TouchBistro's iPad POS was designed spe-
cifically for the hospitality sector to help restaurateurs
increase sales, improve service and make informed busi-
ness decisions, the company stated.

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