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IndustryUpdate

Cardholders must be able to protect themselves, and sin- to widen, driven not only by card scheme mandates and
gle-use card numbers ensure that fraudsters are unable consumer demand but by merchant convenience too,
to make off with consumers’ money, MOCA added. researchers reported.
Theta Lake patents video detection tool
PARTNERSHIPS
Theta Lake, a provider of modern collaboration security
and compliance solutions, was awarded a new patent ACI, Microsoft strengthen alliance
by USPTO. The patent covers Theta Lake’s approach
to context-based policy detection of video communica- ACI Worldwide, a provider of real-time payments and
tion content. It supports Theta Lake's ComplianceMD digital payment software, expanded its strategic alliance
technology, addressing the challenge companies face in with Microsoft to deliver payment solutions in the cloud.
detecting and handling security and compliance risks The alliance will accelerate and expand ACI’s cloud pay-
in what is shared, shown, spoken, or typed in modern ments offerings in Microsoft Azure as more financial
communication tools. Theta Lake's integration partners institutions embrace digital transformation, ACI stated.
include Cisco, Microsoft, RingCentral, Zoom and more. "With global demand for SaaS-based payment offerings
increasing, ACI and Microsoft will closely collaborate on
RESEARCH innovations that empower FIs to launch new solutions,
add new services to their existing platforms and deliver
those new capabilities more quickly and with greater
In-store shopping ballooned in July agility," ACI stated.

U.S. Retail sales grew for the 11th consecutive month Fiserv, Goldman Sachs tackle
in July, according to Mastercard SpendingPulse, which cross-border payments
measures in-store and online retail sales across all forms
of payment. With more cash in hand—fueled in part by Fiserv Inc., a global provider of payments and financial
the Child Tax Credit and pent-up savings—consumers services technology, and Goldman Sachs Transaction
drove U.S. retail spending growth, excluding automo- Banking formed a new relationship to streamline sup-
tive and gasoline, to +10.9 percent compared with July plier payments made via B2B accounts payable solutions
2020. In-store sales made up 81.9 percent of total retail offered by Fiserv. This is the first initiative in a grow-
sales (excluding auto) for the month and were up +15.5 ing strategic relationship between Fiserv and Goldman
percent, year over year, in July. Sachs to collaborate on innovative financial solutions.
Fiserv clients will have access to Goldman Sachs' cen-
Ads for network access skyrocket on dark web tralized, cloud-based payments suite, which enables
Positive Technologies documented evolution in the domestic and foreign currency payments and promotes
market that enables initial illegal access to corporate visibility, operational efficiencies and cost savings to
networks through 2020 and into early 2021, and revealed support clients’ global growth, the partners stated.
that the number of access-for-sale ads on the dark web MOVO, ENACOMM enter strategic partnership
increased seven-fold compared with previous years. As
many as 590 new offers were identified in the first quar- MovoCash Inc., a creator of on-demand mobile banking
ter of 2021, representing 83 percent of all offers in 2020. with end-to-end contactless payments and all-in-one
Also, an estimated $600,000 worth of corporate network app, chose ENACOMM to deploy a modern customer
access is sold quarterly on the dark web, researchers self-service solution, including next-generation interac-
noted, but the share of expensive access lots priced tive voice response. Through the partnership, Movo
above $5,000 almost halved, which may reflect mass will integrate ENACOMM technologies to its financial
entry into the market by novice cybercriminals. service ecosystem. Movo said it will use ENACOMM’s
Engage portal, which allows for quick and easy custom-
Convenience, COVID-19 boost contactless spend ization of the IVR system. ViA—ENACOMM’s analytics

According to RBR’s Global Payment Cards Data and tool that features real-time activity tracking, reporting,
Forecasts to 2025 report, concerns about coronavirus monitoring and alerting—will enable Movo to monitor
transmission have encouraged use of contactless cards, usability feedback and IVR trends and continuously
and this trend will continue as contactless limits are tune the IVR to ensure customer satisfaction, Movo
increased and new habits become ingrained. In Europe added.
contactless usage is particularly high, while convenience Nuvei, Alipay launch Alipay+ solution
and growing consumer confidence is driving contactless
card growth in Asia-Pacific. Contactless payment accep- Payment technology provider Nuvei Corp. and Alipay,
tance is also high: more than 70 percent of outlets global- the digital payment platform operated by Ant Group,
ly accept contactless payments. Acceptance will continue formed a partnership to connect Nuvei’s merchants with

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