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IndustryUpdate
customers to complete required steps for timely pay-
ments. FTX partnered with BitGo and Kraken to handle
distributions globally, with updates to be posted on the
FTX Customer Portal and official X.com account.
PayRange, CCI settle patent infringement lawsuit
PayRange and Card Concepts Inc. settled a patent
infringement lawsuit, with CCI licensing PayRange’s
mobile payment technology. The dispute involved alle-
gations that some CCI products infringed PayRange pat-
ents. The parties to the agreement said it highlights both
companies’ commitment to protecting intellectual prop-
ANNOUNCEMENTS erty while ensuring continued innovation and customer-
focused solutions. PayRange CEO Paresh Patel empha-
sized the importance of safeguarding patents to support
Chargezoom gains $11.5 million Series A funding R&D and industry modernization. CCI President Steve
Marcionetti noted the agreement allows both firms to
Chargezoom, an AI-powered billing and payments plat- deliver cutting-edge payment technologies confidently.
form, raised $11.5 million in Series A funding led by
Kickstart Fund, marking its entry into Utah's tech scene. Wirex honors 2024
Chargezoom CEO Matt Dubois highlighted the strategic Rising Women in Crypto winners
partnership with Kickstart as validation of the com-
pany's vision. Chargezoom noted it previously secured Wirex heralded the winners of the 2024 Rising Women
$2 million in Seed funding in 2021, fueling 3,972 percent in Crypto Awards, honoring women leading innovation
growth by simplifying accounts receivable processes. in blockchain and crypto. Supported by BeInCrypto,
New investors include Motley Fool Ventures and Early winners were selected through public voting and expert
Light Ventures, while BIP Ventures exited. The funding evaluations. Honorees include Courtney Jensen (Best
supports Chargezoom’s mission to redefine AR automa- Blockchain Developer), Carina Schuster (Best Crypto
tion for businesses across the United States. Journalist) and Dina Sam'an (Best Founder). Wirex
emphasized the importance of diversity in fintech and
EMVCo now an accredited praised the winners for inspiring change. The awards
ISO/IEC certification body celebrate women shaping the industry’s future and
highlight the need for inclusion to drive blockchain and
EMVCo, a global payments technical body, earned crypto innovation.
ISO/IEC 17065 accreditation for its security evaluation
processes, recognizing its ability to deliver consistent, Zelle's S.A.F.E. Squad
impartial and high-quality assessments. EMVCo evalu- against financial crime returns
ates chip and mobile payment products against EMV
specifications to ensure security, including resistance Zelle launched the second year of its Scam and Fraud
to sophisticated attacks as defined by JIL standards. Elimination (S.A.F.E.) Squad campaign, featuring actress
EMVCo stated this accreditation strengthens its role Christina Ricci. Partnering with Vox Creative, the series
in enabling secure, interoperable payment solutions highlights financial crime prevention as Ricci leads a
worldwide. EMVCo Executive Chair Aaron Armstrong team of detectives tackling scams, including sophisticat-
emphasized its commitment to cybersecurity and regu- ed fraud using AI. The campaign educates consumers on
latory compliance, supporting secure payment experi- spotting phishing scams, enabling multi-factor authen-
ences in an increasingly digital world. tication and recognizing urgent requests as red flags.
Zelle emphasized its commitment to security, reporting
FTX Ch 11 plan now effective that 99.95 percent of payments in 2023 were fraud-free.
Learn more about the campaign and tips for staying safe
FTX Trading Ltd. and its affiliated debtors' court- at www.vox.com/safesquadhq.
approved Chapter 11 Plan of Reorganization took effect
on Jan. 3, 2025. Initial distributions to convenience
class claim holders are expected within 60 days, pend- RESEARCH
ing compliance with know-your-customer and other
requirements. Large percentage of consumers
aim to pay off debt in 2025
Separate distribution dates for other claims will fol-
low. John J. Ray III, who was appointed FTX CEO in A survey by BadCredit.org found that 72 percent of
November 2022, praised the recovery efforts and urged participating consumers plan to pay off debt partially
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