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NF Edition #529 - 10/28/16
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Highlights this week...

This week Vegas was host to the 5th annual Money 2020 conference, boasting 10K attendees and hundreds of speakers. The Strawhecker Group, a media sponsor, sent out some great content during the show, here's a recap:
  • TSG released a complimentary Payments Industry Brief, which looks at emerging payment trends, emerging players, and the payments opportunity
  • TSG sent out a recap of news coverage - find these articles and more below covering the biggest news and product launches from the show
  • Over the past month TSG surveyed U.S. small and medium-sized merchants on EMV. For the survey, TSG defined this as merchants with physical locations and less than $2.5 million in annual sales. Check out some of the results!

Frictionless Payments - The Open Frontier
The best and the brightest in payments technology come to TRANSACT Tech San Francisco to network, and learn what others are doing to push frictionless payments forward in an omnichannel world.
For education and networking, there's no better one-day event in payments technology right now. Hear from DotDashPay, Talech, Allpago, Microsoft, Google, PayPal, Commerce Ventures, ControlScan, Square, Turo and many more. Learn more and register today!

The Internet of Payments Awakens
This nearly 50-page eReport (with over 25 charts/figures) explores how the purchasing journey has changed because of the Internet of Things (IoT), technology adoption and what payments players can do to seize the opportunity. While IoT may sound futuristic, it is already present and growing rapidly. Did you know there are over 10B devices around the world currently connected to the internet?

Content Includes:

  • Global Technology Adoption
  • The Evolving Customer Purchasing Journey
  • The Growing War on Cash and Check
  • Emerging Payment/Acceptance Trends
  • Emerging Payments Players
  • Global Acquiring Themes
  • Key Opportunities for Global Acquirers

Preview  |  Purchase - priced at $2,495

U.S. Economy Grew 2.9% in 3rd Quarter, Picking Up the Pace
The New York Times | 10.28.16

The American economy moved firmly into higher gear last quarter, expanding at an annual rate of 2.9 percent as a result of continuing strength among consumers and better trade figures. The Commerce Department’s report on the gross domestic product, released Friday, is the next-to-last snapshot of the overall economy before voters go to the polls on Nov. 8. Americans will also get to gauge the economic health of the nation from the monthly unemployment figures to be released on Nov. 4.

Related: Consumers, Exports Seen Buoying U.S. Q3 GDP Growth

Alipay Is Targeting Chinese Tourists Abroad with These U.S. Partnerships
Fortune | 10.25.16

The fast-growing Chinese tourism market is forecast to double by 2020. China’s Alipay is expanding its mobile payment app service into the United States through partnerships with payment processors First Data and Verifone, the latest deals in a global strategy to reach Chinese consumers traveling abroad. Alipay, which counts 450 million active users in China, is the top mobile payments player there. It is a unit of privately held ANT Financial, which is in turn an affiliate of publicly traded Chinese internet company

Big Banks Roll Out Zelle, a Money-Transfer App to Take on Venmo
Los Angeles Times | 10.24.16

A consortium of banks, including Wells Fargo & Co., JPMorgan Chase & Co. and Bank of America Corp., are rolling out a new money-transfer app to take on Venmo and other mobile payment upstarts. The app, dubbed Zelle, will offer the same kind of instant, person-to-person payments users of Venmo have been making for years — and that banks have been eager to offer as they try to stay relevant to younger customers.

Related: Zelle P2P Payments Push to Compete With Venmo Now has 19 U.S. FI Backers

Eye on Retailers: Kohl’s Pay to be Fine Tuned; Amazon Advances Across Channels
Digital Transactions | 10.27.16

Retailer Kohl’s Corp. plans to tweak its newly launched Kohl’s Pay mobile-payments service following the holiday-shopping season. And Inc. is targeting more retailers for its Pay with Amazon service. The upcoming holiday-shopping frenzy will serve as a proving ground of sorts for Kohl’s Pay, Ratnakar Lavu, Kohl's chief technology officer, tells Digital Transactions News. “We wanted to learn from the holiday season,” Lavu says. “It will be our biggest test bed.” A barcode-based service, Kohl’s Pay ties payments, loyalty, and offers into the Kohl’s app, using technology developed by OmnyPay Inc. The service works only with the Kohl’s Charge card, issued by Capital One N.A.

Square and Twitter CEO Jack Dorsey Says People Hate Chip Cards
Fortune | 10.27.16

During a keynote talk at the Money2020 fintech conference on Monday, Dorsey said the emotion that the next generation payment plastic garners is “one of hate,” despite the technology bolstering payment card security. “People aren’t happy,” he said. “It’s really, really, really slow.” The transition to security-chip enabled cards in the U.S. began in earnest last year in advance of the liability for certain in-store fraudulent transactions shifting from banks to retailers.

Etsy Picks Adyen As Its New Payment Processor in Wake of Worldpay Outage
TechCrunch | 10.26.16

And they say wild west justice is no more. Etsy, the online marketplace for handmade goods, has just reached a deal with Adyen, a global payments processor, to run its payments backend for the over 1.7 million sellers on the site. You may remember a few months ago that Worldpay, Etsy’s prior payments processor, was party to a month long calamity that disrupted millions in transaction dollars. A botched server update resulted in duplicate charges and dropped transactions for Etsy merchants and sellers. Fifteen thousand customer complaints on an Etsy chat thread later, the company actually added a new payments processor.

Facebook is Rolling Out PayPal Payments and Notifications for Messenger
Digital Trend | 10.25.16

Facebook and PayPal are joining forces to integrate the online payments system with Messenger as part of the messaging platform’s increasing focus on mobile commerce. PayPal payments are currently limited to select users on Messenger, but will soon start to roll out to the entirety of the platform’s 1 billion-strong user base. As a result, consumers will be able to link a PayPal account to Facebook and Messenger at PayPal checkout. The payment company’s chief operating officer, Bill Ready, confirmed that as Messenger starts to roll out native payments, PayPal account holders will be able to make purchases directly from Messenger bots.

Stripe Says It's Still Too Hard to Sell Stuff Online
Recode | 10.26.16

It’s still too hard to sell stuff online. That’s according to someone who would know: John Collison, co-founder of the $5 billion payments startup Stripe. “The online retailer has a 15 percent conversion rate on mobile,” he said at the Code Commerce event in Las Vegas Tuesday night, adding, “It’s totally standard and totally abysmal.” Collison cited a key statistic in e-commerce, but by “abysmal,” he also meant there’s a lot more room to grow in e-commerce.

Head of Consumer Finance Agency Speaks Out on Fintech
The Wall Street Journal | 10.24.16

The U.S.’s lead federal consumer finance regulator issued a warning Sunday to banks that consumers should be able to determine for themselves what to do with the financial data that underlies their accounts. “Let me state the matter as clearly as I can here: We believe consumers should be able to access this information and give their permission for third-party companies to access this information as well,” said Richard Cordray at Money 20/20, one of the largest payments conferences in the nation.

Related: Cordray Reignites Bank-Fintech Fight After Comments on Data Sharing

Ex-Apple CEO Warns Financial Firms They're in a Sprint for Their Lives
Fortune | 10.23.16

John Sculley, former chief executive officer of Apple, offered some words of wisdom to big financial firms at the Money20/20 fintech conference in Las Vegas on Sunday night: plan for radical change, or prepare for obsolescence. Taking the stage after awards for a “hackathon” were doled out to competing teams of developers, Sculley told the audience that financial incumbents are in a race for their lives—and that the race is a sprint. In issuing the warning, the former president of PepsiCo said that the world of finance is presently living in “exponential” times, rather than “linear” ones.

Android Pay Expands Its Reach Via New Partnerships With Visa and Mastercard
TechCrunch | 10.24.16

Google announced at Money 20/20 two strategic partnerships with Visa and MasterCard aimed at expanding the reach of its mobile payments service, Android Pay. The company says that Android Pay users who are shopping online from their smartphones will soon be able to make payments on hundreds of thousands of new sites where either Visa Checkout or Masterpass are accepted at checkout.

Related: Money 20/20: Ingenico ePayments to Support Android Pay Acceptance for Online Merchants

Visa and Intel Collaborate to Drive Better Payment Security for Connected Devices
Visa | 10.24.16

Visa and Intel announced a collaboration agreement to help bring world-class payment and data security technologies to the growing world of connected devices—from personal computers and mobile devices, to intelligent appliances and wearable technologies. With the spectrum of commerce growing in size and complexity, so does the need for sophisticated privacy and security controls that deliver on simplicity, interoperability and convenience. 


Mastercard and BMO make Fingerprint and ‘Selfie’ Payment Technology a Reality in North America
Mastercard | 10.24.16

Mastercard announced the North American rollout of Identity Check Mobile, a new payment technology application that uses biometrics, including fingerprint and facial recognition, to verify a cardholder’s identity and simplify online shopping. BMO Financial Group (BMO) will be the first bank in the U.S. and Canada to offer Identity Check Mobile to its corporate customers starting in the first half of 2017.


Ingenico ePayments to Debut TapHero, an Experimental Contactless Payment Solution for Mobile Devices at Money20/20
BusinessWire | 10.25.16

Ingenico ePayments, the online and mobile commerce division of Ingenico Group, and Ingenico Labs, its innovation department, have jointly developed a completely new way to make secure online payments on a mobile device, simply by tapping a payment card against it. TapHero is a new, experimental technology that combines elements from both Card-Present and Card-not-Present payments, and will enable smartphones equipped with an NFC reader to simply read the payment data from the card’s chip and auto-populate all the fields required to make a mobile payment.

Facebook Isn't Making Money When You Shop on Facebook - Yet
Recode | 10.25.16

Facebook wants you to shop more on Facebook — and for now, the company says it doesn’t care about making money from the transactions it’s helping facilitate. “The way Facebook thinks about monetization is, first, did you have a good experience?” said Mary Ku, Facebook’s head of commerce products at the Code Commerce event in Las Vegas Tuesday night. “And then, how can we bring other business into this experience?"

Money20/20, the World’s Largest FinTech Event, Announces Launch of Money20/20 Asia
Fintech Finance | 10.25.16

Money20/20, the world’s largest FinTech events, today announced the launch of Money20/20 Asia, a complete conference and exhibition event for the Asia Pacific payments and financial services landscape. The inaugural Money20/20 Asia will take place in Singapore from 13th – 15th March 2018. In the first of its international expansions, Money20/20 successfully launched into the European market earlier this year. The successful first edition of Money20/20 Europe, held in Copenhagen in April, welcomed over 3,750 attendees from more than 1,500 companies and 75 countries, including 1,000+ CEOs.

Blockchain Ideologies Clash as Money2020 Spotlights Capital Markets
CoinDesk | 10.24.16

How much of the financial back-end should be rebooted by blockchain? A discussion on blockchain's use in capital markets got a much-needed jolt today at Money2020 in Las Vegas when a small argument broke out over this question toward the end of an afternoon session. Despite broad agreement on the technology's viability in this area of the financial industry, divisions began to emerge when Credit Suisse's Emmanuel Aidoo challenged Nasdaq's Yolanda Goettsch over how inefficiencies in the equities markets could be resolved with blockchain.

Related: Blockchain Adoption Unlikely to Affect Bank Ratings in the Near Term - S&P

How Proxibid Turned a Crazy Idea Into An eCommerce Powerhouse
Silicon Prairie News | 10.24.16

Even for people who lived through it, it’s hard to remember what technology was like around the year 2000. No wi-fi. No cloud. No smart phones. Nearly everyone was still accessing the web via dial-up services. But Proxibid founders Joe Petsick, Ken Maxwell, Andy Liakos and Andrew Letter (who has since left the company) saw an opportunity in a huge industry that nobody was paying attention to: Auction houses.“The live auction industry at the time was well over a trillion dollar industry. But not many people interfaced with it all the time so they weren’t aware of it,” said Petsick.

Can Banks Protect Against the Threat of Everyday Devices?
American Banker | 10.27.16

There's a lesson for banks in the cyberattack that took down PayPal, Netflix, Facebook, and other sites for hours — and it's not just "have a backup domain name system provider." Hopefully every bank already has that part covered (so that if their main DNS goes down as Dyn did, they can quickly switch over). The less obvious moral is: pay more attention to internet-connected devices like printers, security cameras and point-of-sale terminals. They're often lightly protected and can be easily broken into and harnessed in botnets like the one that brought down Dyn. They can also be used as backdoor for malware to access your entire network.

Related: Senator Prods Federal Agencies on IoT Mess

Changing Cyber Risk Landscape Hard to Tackle
The Wall Street Journal | 10.28.16

Cybercrime may be widely discussed as a serious risk to companies, but many of those companies aren’t taking adequate steps to protect themselves and struggling to understand a risk that is growing and evolving. These weaknesses were underlying themes of the Advisen Cyber Risk Insights Conference held Thursday in New York. Eric Dobkin, director of insurance and risk management at Merck & Co., said cyber risk is hard to quantify because “the risk is evolving and is so dynamic.”

DDoS Attacks Also Slammed Singapore ISP's DNS Services
Bank Info Security | 10.27.16

The massive attack against U.S.-based domain name server provider Dyn isn't the only such disruption launched by internet of things devices that's been seen in recent days. Just after Dyn was targeted with distributed denial-of-service attacks that disrupted its DNS services, blocking access to major websites for many internet users, Singaporean ISP StarHub suffered two similar DNS attacks.

Yahoo Releases Transparency Report in Wake of Spying Revelations
TechCrunch | 10.27.16

Yahoo released its semiannual transparency report, the first issued by the company since Reuters revealed earlier this month that Yahoo scanned its users’ email accounts as the behest of the U.S. government. Yahoo and many other technology companies make data about requests from law enforcement agencies for user data public on a regular basis in an effort to inform consumers about how frequently the government snoops on their information, and how often companies are able to narrow or refuse the requests.

OCC Sets Up Fintech Innovation Office
Finextra | 10.27.16

A top US regulatory body, the Office of the Comptroller of the Currency (OCC), is to set up a dedicated innovation office to "identify, understand, and respond" to the changing banking landscape. The new Office of Innovation will be headed by a chief innovation officer assigned to OCC headquarters with a small staff located in Washington, New York, and San Francisco.

Feds Propose Voluntary Automotive Cybersecurity Standards
Bank Info Security | 10.26.16

Stopping well short of issuing regulations, the U.S. federal government is proposing voluntary cybersecurity guidelines aimed at getting carmakers and their suppliers to secure computers and electronics in automobiles. The proposed guidance from the Transportation Department's National Highway Traffic Safety Administration, Cybersecurity Best Practices for Modern Vehicles, focuses on hardening a vehicle's electronic architecture against potential cyberattacks and ensuriing vehicle systems take appropriate actions even if an attack succeeds.

IRI Consumer Connect Survey Finds Uncertainty About Presidential Election Leaves Consumers Feeling Cautious as Holiday Shopping Season Approaches
BusinessWire | 10.26.16

IRI announced third quarter results from its IRI Consumer Connect survey uncovering that nearly two-thirds of U.S. consumers believe their financial health is poised to deteriorate in 2017 regardless of who wins the presidential election this year. Despite relentless campaigning, this remains consistent with their second quarter sentiment. This financial uncertainty is setting the stage for an upcoming holiday shopping season in which 55 percent of all consumers surveyed say they will spend the same as last year this holiday season.

India to Overtake US as the Next eCommerce Super Power
Payments Cards & Mobile | 10.27.16

India is en-route to overtake the US to become the world’s second largest eCommerce market, according to new research by Worldpay. In its latest global overview of online consumer spending and payment habits, The Global Payments Report, has predicted that the value of India’s eCommerce market will be $2,039bn by 2034 – making it larger than that of the United States – and second only to China. While India accounts for less than 1% of the world’s eCommerce spend today, the country’s online retail market is set to grow by an astounding 28% per year over the next four years, making it worth US$63.7bn by 2020.

Visa Inc. Reports Strong Fiscal Fourth Quarter and Full-Year 2016 Results
Visa | 10.24.16

Visa Inc. announced financial results for the Company’s fiscal fourth quarter and full-year 2016, ended September 30, 2016. GAAP net income in the fiscal fourth quarter, inclusive of special items, was $1.9 billion or $0.79 per share, an increase of 28% and 28%, respectively, over the prior year’s results. GAAP net income for the full-year 2016, inclusive of special items, was $6.0 billion or $2.48 per share, a decrease of 5% and 4%, respectively, over the prior year’s results. The full-year 2016 results include fiscal fourth quarter financial results from Visa Europe.

Related: Visa Opens Tokenization Services to Third Party Partners

Mastercard Incorporated Reports Third-Quarter 2016 Financial Results
Mastercard | 10.28.16

Mastercard Incorporated announced financial results for the third quarter of 2016. The company reported net income of $1.2 billion , an increase of 21% versus the year-ago period, or 15% excluding a special item related to the termination of the U.S. employee pension plan taken in last year’s third quarter. Earnings per diluted share were $1.08 , up 26%, or 19% excluding the special item. There was no currency impact on the reported growth rates for the third quarter, except where noted below.

Discover Financial Services Reports Third Quarter Net Income of $639 Million
Discover | 10.24.16

Discover Financial Services reported net income of $639 million or $1.56 per diluted share for the third quarter of 2016, as compared to $612 million or $1.38 per diluted share for the third quarter of 2015. The company’s return on equity for the third quarter of 2016 was 23%. "We achieved strong earnings per share growth, despite adding to loan loss reserves, through a combination of profitable loan growth, effective capital deployment and some tax favorability," said David Nelms, chairman and CEO of Discover.

Shift4 and Maestro PMS Announce Joint EMV Solution for Hotels and Resorts
Shift4 | 10.25.16

“Some service providers have forced merchants into EMV implementations that required them to adjust their infrastructure and business practices. Shift4 is proud to partner with Maestro to offer a solution that instead fits EMV within the merchant’s current operations, specifically for hospitality. In addition to the improved card verification that EMV offers at physical points of sale, hoteliers can truly secure their enterprise with Shift4’s tokenization and point-to-point encryption technologies, which are included in every EMV-certified integration we offer.”

TSYS Reports Third Quarter Earnings
TSYS | 10.25.16

TSYS reported results for the third quarter of 2016. “We were very pleased with this quarter’s financial performance as all four of our operating segments exceeded our expectations. We remain on track with our TransFirst integration activities and continue to be laser-focused on successfully combining our legacy merchant businesses with TransFirst,” said M. Troy Woods, chairman and chief executive officer of TSYS.

Related: TSYS Signs Payments Agreement with Leading Virtual Card Issuer Optal

Intuit and PayPal Partner to Help Small Businesses and Self-Employed Get Paid Faster

Yahoo! Finance | 10.24.16

Intuit and PayPal announced the expansion of their partnership, helping small businesses and the self-employed get paid faster. The partnership will provide QuickBooks Online customers with a new way of accepting payments via PayPal, and automate the work traditionally associated with managing the books. “We are thrilled to partner with PayPal to help small businesses and the self-employed get paid faster and easily manage their books,” said Vinay Pai, vice president and head of the Intuit Developer Group. “This is a great example of the power of the QuickBooks platform. 

B of A Debuts Virtual Assistant at Money2020
American Banker | 10.24.16

Bank of America unveiled a virtual assistant that will be integrated into its mobile banking app, at the Money 2020 conference today in Las Vegas. Dubbed 'erica,' the voice-activated artificial intelligence service will allow customers to perform transactions at all times. Additionally, the assistant will provide proactive guidance, and "anticipate customers' financial needs to help them stay on track and reach their financial goals," the company said in a press release. Such functions could include alerting customers when they might need to transfer money into a checking account based on an analysis of spending patterns. The assistant will become available in late 2017.

Vantiv Unveils Two New Products at Money20/20: triPOS Mobile and triPOS Cloud
Vantiv | 10.24.16

Vantiv Integrated Payments, a Vantiv company, and a provider of payments technology and services for small and medium-sized businesses (SMBs), today announced two new products, triPOS Cloud and triPOS Mobile, as an extension of the triPOS product line. Now equipped for every use case, software developers creating innovative point of sale solutions can integrate via the cloud or a native application. 

Related: First Hawaiian Bank Expands its Community Outreach with Merchant Services from Vantiv

Global Payments Selected as Better Business Bureau's Payment Technology Provider in Canada
Global Payments | 10.27.16

Global Payments Inc., a leading worldwide provider of payment technology services, is pleased to announce agreements with Better Business Bureaus across Canada, offering payment technology services to their more than 15 thousand Accredited Businesses. Global Payments has signed referral agreements with Better Business Bureaus serving Mainland British Columbia, Southern Alberta and East Kootenay, Central and Northern Alberta, Saskatchewan, Manitoba and Northwest Ontario, Western Ontario, Eastern and Northern Ontario and the Outaouais and the Atlantic Provinces.

Ingenico Group Launches First-of-its-Kind Enterprise-Class mPOS Solution
Ingenico | 10.24.16

Ingenico Group, the global leader in seamless payment, announced the launch of the iSMP4 Companion, a groundbreaking enterprise-class mobile point of sale (mPOS) device. Featuring the largest screen and battery capacity in its class, the lightweight iSMP4 makes it easy to accept all forms of payments – including EMV chip & PIN and chip & sign, magstripe and NFC/contactless – anywhere, anytime a merchant and consumer interaction may take place.

Related: Double Digit Growth at the End of Sept. 2016 Objectives Confirmed

Verifone Introduces Advanced Commerce Capabilities & Fast Checkout in the Palm of Your Hand - Hello Experience!
Verifone | 10.24.16

A part of the fully-integrated, Linux-based Verifone Engage family, the V400m is a result of the strategy at Verifone to offer new value at the POS by increasing loyalty and revenue opportunities for merchants and improving the consumer experience with real-time personalization wherever transactions are taking place. Whether it’s pay-at-the-table, curbside, or line-busting, its portability makes it an ideal solution for a variety of business scenarios.

Fiserv and Early Warning P2P Payments Alliance Gets Quick Start with Multiple Financial Institutions Committing to Early Warning's Zelle Network
Fiserv | 10.24.16

Fiserv, Inc., a leading global provider of financial services technology solutions, announced that multiple financial institutions, including Ally Bank, Bank of the West and BECU, have committed to join Early Warning's Zelle Network via an alliance between Fiserv and Early Warning. "We are always looking for opportunities to make it easier for our customers to bank with us," said Diane Morais, CEO and president, Ally Bank. "Transferring money via payment services is among the digital banking activities growing in popularity with consumers, and we're excited to be working with Fiserv and Zelle to offer faster P2P services for our Ally Bank customers."

TSYS Renews Payments Agreement with Rabobank
TSYS | 10.27.16

TSYS announced that Rabobank has renewed its payments agreement with TSYS to continue processing the bank’s consumer card portfolio. TSYS will also provide additional services such as fraud and risk management, as well as customer service through TSYS Managed Services EMEA. The Rabobank Group is one of the world’s leading, sound and sustainable financial institutions. With roots in the Netherlands, the Rabobank Group has grown into an international financial services provider active in banking, asset management, leasing, insurance and real estate. 

Cayan Announces Partnership with RedIron
Cayan | 10.27.16

Cayan, a payment technology company, today announced their partnership with RedIron Technologies Inc., a leader in retail commerce innovation. RedIron has integrated to Cayan's Genius Platform, a cloud-based payments solution that mitigates the business challenges associated with integrating payment to the point-of-sale (POS). With this partnership, RedIron will enable retailers to benefit from future-proofed POS systems that provide true omni-channel capabilities.

Moneris Names Nick Samurkas New Chief Operations Officer
Yahoo! Finance | 10.27.16

Moneris, one of North America's largest processors of debit and credit payments,  announced the appointment of Nick Samurkas to the role of Chief Operations Officer, effective October 3, 2016. Mr. Samurkas is responsible for running day-to-day operations for the organization as well as leading process improvements and customer experience enhancements.

BlueSnap Expands International Coverage to Empower Merchants to Convert More
BlueSnap | 10.24.16

BlueSnap has announced that they have built a unique solution to help merchants graduate from the API-based gateways that only connect you to a single acquiring bank and can only take your business so far. The BlueSnap Powered Buy Platform gives merchants the ease of integration of a flexible, consolidated API enhanced with the power of the industry’s leading global acquiring bank network. Built into this feature-rich platform are all the payment technologies a merchant needs to sell globally.

Bluefin Announces Delivery of P2PE Solutions Worldwide Through Amazon Web Services (AWS)
PRWeb | 10.25.16

Bluefin Payment Systems, the leading provider of PCI-validated Point-to-Point Encryption (P2PE) solutions for retail, healthcare and higher education, today announced that it has introduced a cloud-based hosting option for its Decryptx PCI-validated point-to-point encryption (P2PE) product through Amazon Web Services (AWS). Decryptx, Bluefin’s Decryption as a Service (DaaS) product for enabling the company’s PCI-validated P2PE solution on partners’ gateways and processing platforms, enables PCI/DSS providers and merchants to enhance their platform and offer Bluefin’s PCI-validated P2PE solution via a simple integration. 

ExaDigm’s New Semi-Integrated Solution Provides a Cost-Effective and Fully-Compliant EMV Transition for Retailers 
PRWeb | 10.24.16

ExaDigm, Inc., a leading innovator in Point-of-Sale (POS) terminal solutions, announced the release of their semi-integrated solution, POS Cloud Connector (POSCC). The solution provides businesses worldwide the ability to quickly integrate EMV into their current payments technology without replacing their hardware or needing to recertify. The POSCC ensures the payment terminals are connected with retail point-of-sale software while maintaining separation between payment information transmission and other systems. It removes the core POS application out of the scope for EMV approval by card brands because the payment data transfer is limited to the payment application and the processor. 

Retail Payment To Introduce Payment Platform In Norway That Accepts All Forms Of Payments Including Apps And Contactless
TheStreet | 10.25.16

Retail Payment, a Norway-based payment acceptance platform provider owned by leading Norwegian retailers, announces the introduction of an open omni-channel platform making payments customer-friendly, secure and cost efficient. Retail Payment will collaborate with partners such as Verifone, Intel, IBM and Forgerock to manage the defacto standard infrastructure for future payments. Retail Payment and Verifone will collaborate to deliver the latest Verifone Engage and Carbon series solutions to the Norwegian market, connected to the Verifone Commerce Platform.

OmnyPay Introduces Contextual Commerce Platform That is Powering Kohl’s Pay
LTP | 10.25.16

In today’s changing landscape, retailers realize the need to raise the bar in mobile app experiences. To stay competitive, retailers have to deliver their own branded app that provides better utility to their shoppers than Amazon. Using a great retailer app, a repeat customer should enjoy a personalized and contextual shopping experience, where the customer receives the most relevant information, offers and recommendations based on the type of products they want, the type of environments they are in, the personal preferences as well as past purchasing patters with the retailer.

Payworks Names 360 Payments as First Independent Software Vendor (ISV) Partner in the United States
Fox 8 | 10.25.16

Payworks, a global payment gateway and EMV technology platform with integrated POS solutions, announced its first U.S. independent software vendor (ISV) channel partner, 360 Payment Solutions, Inc., a provider of payment processing solutions for small and mid-sized businesses. On the heels of expanding to the United States, this partnership positions Payworks as the first and only U.S.-based company to offer processing capabilities to the United States, Canada and all European countries with a single software integration.

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