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IndustryUpdate
device in the market. Gemalto NV and Inside Secure are Additionally, the study found cash is the most com-
among the initial enterprises participating in the VTS monly used form of payment in brick-and-mortar stores,
partner program, Visa noted. at 89 percent usage.
RESEARCH PARTNERSHIPS
Accenture reports on banks, blockchain AmEx, Intuit join forces
According to a new Accenture report titled Blockchain Intuit Inc. and American Express Co. partnered to give
Technology: How banks are building a real-time global pay- qualified QuickBooks Online small business customers
ment network, nine out of 10 banking professionals sur- access to short-term and low-cost financing from AmEx
veyed at large U.S., European and Canadian commercial to pay vendors and ease the cash flow crunch. By com-
banks said their company is exploring the use of block- bining automated accounting processes with increased
chain technology for payments. The 32 banking profes- access to quick financing and payment options, the
sionals involved in the survey indicated the initiatives integration is designed to provide small businesses with
are designed to reduce costs, speed payments, reduce timely funding to pay vendors, stay competitive and
errors and drive new revenues. reduce accounting headaches.
ATMIA provides biometric security guidance Anovia works with Fuzse
The ATM Industry Association published a new industry Anovia Payments LLC forged a new partnership with
guide. Titled ATM Biometric Security, the manual covers Fuzse, a financial technology startup focused on ecom-
various methods of biometric identification, biometric merce solutions for software and application developers.
templates and scanners, liveness testing, and potential Anovia's Trio payments platform will power Fuzse's
types of attacks on biometrics. In addition, the guide proprietary ecommerce solutions targeting independent
gives recommended countermeasures, things to watch software vendors needing embedded payments infra-
in ATM biometrics, suggested reading, and useful links. structure for end-users, the partners stated. "Fuzse will
be a real difference-maker for software companies," said
Capgemini, LinkedIn release global fintech report Anovia Payments CEO Kevin Jones.
Half of banking customers across the globe are using Cayan integrates with RedIron
the products or services of at least one fintech firm,
according to the first World FinTech Report (WFTR) from Cayan LLC stated it is now working with retail com-
Capgemini and LinkedIn, in collaboration with Efma. merce provider RedIron Technologies Inc. RedIron inte-
The inaugural report quantifies and tracks customer grated into Cayan's Genius Platform, a cloud-based
response to the rise of fintechs, includes the views of payment solution devised to mitigate the business chal-
financial services industry executives at fintechs and lenges associated with integrating payment at the POS.
traditional financial institutions, and summarizes how With this partnership, RedIron is expected to enable
innovation is key in the emerging industry landscape. retailers to benefit from future-proofed POS systems that
provide omnichannel capabilities to promote flexibility,
"Fintechs are largely gaining momentum by meeting efficiency and security, the companies stated.
needs traditional players have yet to address, but many
fintechs lack the transparency required to earn the trust CO-OP aligns with Early Warning
of their consumer audiences to capitalize on these oppor-
tunities," said Penry Price, Vice President, Marketing CO-OP Financial Services formed a strategic partner-
Solutions at LinkedIn. Details about the report can be ship with Early Warning Services LLC to offer credit
found at www.worldfintechreport2017.com. unions access to the Zelle Network. Early Warning's
Zelle Network enables members of participating credit
Cardtronics studies health of cash unions to send money to anyone with a U.S. bank or
credit union account and credit union members to send
The 2016 U.S. Health of Cash Study by Cardtronics and receive faster P2P payments via online and mobile
reported that people are individually defining payment devices. The partnership will enable Early Warning to
convenience by embracing today's unprecedented menu offer Zelle capabilities to participating credit unions by
of ways to pay. The report stated consumers are using late 2017.
a blended mix of payment options, with 85 percent of
respondents using at least two types of payment meth-
ods each month and 55 percent using at least three.
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