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IndustryUpdate
and employees, as well as the organizations they run. All PaySchools launches strategic partner program
individuals and organizations worldwide are eligible to
submit nominations and the 2016 awards received entries PaySchools launched its Strategic Alliance Partner pro-
from 31 nations and territories. gram designed to bring together complementary orga-
nizations, associations and software providers to deliver
GlobalPlatform issues updated standards multivendor software solutions to schools and school
districts serving students in kindergarten through high
Nonprofit entity GlobalPlatform, which defines and school. PaySchools also added Health-e Pro, a leading
develops specifications to facilitate the secure deployment software solutions provider in the school food services
and management of multiple embedded applications on market, as a Strategic Alliance Partner.
secure chip technology, published an updated document
including Root of Trust Definitions and Requirements Pennsylvania District Court grants settlement
(RoTs). The objective is to enable original equipment
manufacturers and service providers to create, implement Magistrate Judge Timothy Rice of the United States
and use RoT to protect their devices and services. Several District Court for the Eastern District of Pennsylvania
extensions to the functionality are included, and the doc- granted final approval of a $37.5 million class action set-
ument provides a detailed technical framework, integral tlement brought on behalf of consumers who had money
to securing the delivery of digital services, regardless of withdrawn from their bank accounts between October
sector, GlobalPlatform said. 2006 and March 2010 by certain telemarketers and/or
Internet marketers alleged to be fraudulent. The case –
IdentityMind technology patent confirmed Reyes v. Zions First National Bank – alleged that Zions
Bank and a former payment processing subsidiary know-
IdentityMind Global was granted a patent for Electronic ingly processed payments for fraudulent telemarketers.
DNA (eDNA), its core technology for creating trusted Magistrate Judge Rice also awarded class counsel, Langer
digital identities. The company stated that eDNA helps Grogan & Diver, $12.5 million in attorneys' fees.
companies understand who is behind each transaction
and helps them better assess the risk. The IdentityMind ShopKeep honored for fast growth
platform uses eDNA and trusted digital identities to help
the financial industry prevent fraud, comply with regula- ShopKeep ranked 116 on Deloitte's Technology Fast 500,
tory requirements and detect suspicious activity related a list of the 500 fastest-growing technology, media, tele-
to anti-money laundering. communications, life sciences and energy tech companies
in North America. ShopKeep grew 776 percent during the
Ingo incorporates Inacomm solution review period, following a year of rapid growth for the
company, in which its merchant customer base increased
Customers of the Ingo Money Inc. mobile check cashing across the retail, quick-service and full-service restaurant
service can now use a new self-service system developed segments. This marks ShopKeep's first time being ranked
by Enacomm Inc. With Ingo Money's new interactive on the Technology Fast 500, being the highest ranked POS
voice response system deployed by Enacomm, customers solution provider named on the list, ShopKeep reported.
can immediately access enrollment assistance, account
information and transaction status, without waiting to Visa updates routing rules
speak with a customer service representative. "The Ingo
Money service is bringing personal and business pay- Visa modified and clarified existing debit network rout-
ments into the 21st century by digitizing the paper check ing rules to help merchants and acquirers better under-
industry," said Enacomm CEO Michael Boukadakis. stand U.S. EMV implementation options. The updates
follow new guidance issued by the Federal Reserve and
NACHA releases enhanced guide address a Federal Trade Commission inquiry. Visa con-
firmed merchants can use the Common Debit Application
NACHA – The Electronic Payments Association expand- Identifier (AID) exclusively to route U.S. debit transac-
ed its ISO 20022-to-ACH Mapping Guide to assist financial tions, and they can do so without being required to ask
institutions in translating ISO 20022 payment instruc- the cardholder to choose the AID or network for process-
tions into automated clearing house (ACH) payments for ing debit transactions. (For a discussion of this, see "The
business customers. The guide previously only provided travails of chip and debit cards" by Patti Murphy in the
information to map ISO 20022-formatted payment mes- Views section of this issue of The Green Sheet.)
sages to corresponding ACH Network business credit
and international transactions. The new version includes
instructions for mapping debit and additional credit
transactions, rejections and returns, and same-day ACH.
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