Page 12 - GS20801

IndustryUpdate

ANNOUNCEMENTS vaulted payment methods in the event a customer's
payment information is expired or replaced, and helps
merchants avoid failed transactions and gaps in ser-
EMVCo tackles air travel ecommerce payments vices provided, which is useful for recurring billing. This
EMVCo, the global technical body that facilitates the model is extremely useful for Recurring Billing. Fluid
worldwide interoperability and acceptance of secure Pay also noted it completed integration into Elavon,
payment transactions, produced guidelines on how the which includes currency conversion software.
travel industry can provide data to payment card issuers
to better verify the authenticity of an ecommerce trans- RESEARCH
action using current payment authentication process-
es. The EMV 3DS Travel Industry Message Extension Consumers still leery of in-store shopping
guidelines describe how travel industry merchants can
provide additional travel-related data to issuers for use In a recent survey, First Insight found that as more
in risk-decisioning, for example, information about the major retailers require customers to wear masks in-
ticket, itinerary and travelers. store, 80 percent of women surveyed feel unsafe trying
out beauty products, 68 percent feel unsafe trying on
nexo standards releases new POI test tool apparel in dressing rooms and 61 percent feel unsafe
Global industry association nexo standards expanded its trying on shoes. This represents an uptick compared to
testing support with validation of its Point of Interaction First Insight's last study in April when 78 and 65 percent
test tool, part of the NIS (nexo implementation speci- of women felt unsafe trying on beauty products and
fication) version 4.0 package. Now, implementers of apparel, respectively. The study also found that, of the
nexo standards can feel confident in the quality and generations, baby boomers feel the least safe returning
interoperability of POI solutions with unambiguous test- to the physical shopping environment. Seventy-three
ing and implementation guidance, simplifying solution percent of baby boomers surveyed said they would not
development and industry certification processes, nexo feel safe trying on clothes in dressing rooms compared
stated. The POI test tool follows 2019's launch of the first to 71 percent our First Insight's April study.
nexo accredited test tool, offering validation support for Paysafe finds subscription-based
acquirer hosts in line with the nexo Acquirer Protocol
6.0. payments set for growth
Specialized payments platform Paysafe's recent Lost in
Shift4 named Las Vegas Raiders' Transaction research surveyed consumers in the United
official card processor States, Canada, the UK, Germany, Austria, Italy and

Shift4 Payments, a provider of integrated payment Bulgaria in April 2020. Among the findings were that
processing solutions, is now the official credit card fifty percent of U.S. and international consumers already
processing company of the Las Vegas Raiders and have at least two subscription payments leaving their
Allegiant Stadium and a sponsor of the stadium. All bank account every month, with 27 percent expecting
payment transactions at Allegiant Stadium will utilize this number to increase in the next year, and fifty-three
Shift4's innovative, fully integrated suite of secure pay- percent agree subscriptions are a more convenient meth-
ment technologies including QR Pay and SkyTab mobile od of paying for goods or services they regularly use.
devices, Shift4 stated, adding that its end-to-end pro-
cessing solution makes the company uniquely situated PARTNERSHIPS
to fulfill a streamlined experience for stadium sports and
entertainment venues. GPS, sync. join forces

VizyPay initiative helping SMBs during COVID-19 Global Processing Services partnered with fintech, sync.
Payment processing company VizyPay is supporting to power the payment processing function of sync.'s
small businesses nationwide during the COVID-19 crisis debit cards. GPS said sync.'s smart payments service
through its Look Local First movement, which provides will support multicurrency current accounts that allow
free digital marketing efforts like sponsored social for seamless currency conversions, instant user-to-user
media ads and promotional giveaways to drive custom- transfers, national and international bank transfers, and
er engagement. Look Local First recognizes that social real-time tracking. Users will be able to open accounts in
media has become a vital way small businesses connect the currency of their choice, transferring and spending
with their customers, but those businesses often do not funds in more than 30 currencies, and aggregating their
have the resources to implement a full digital strategy. external bank accounts in one app.
Fluid Pay launches card account updater Fee Navigator, International Bancard team up

Fluid Pay reported that its latest product, the processor- Fee Navigator, the fintech company that launched the
agnostic Card Account Updater, automatically updates first AI-powered instant merchant statement analysis

12