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IndustryUpdate

ANNOUNCEMENT NAB introduces semi-integrated offerings

North American Bancard Holdings LLC now offers
BlueSnap product a MITX finalist semi-integrated solutions (SIS) as part of its enhanced
program to support and protect credit card transactions.
BlueSnap Inc.'s Powered Buy Platform was named a Its SIS technology includes supported terminals that
finalist in the Best Tech Innovation of the Year category can be used in conjunction with EMV POS technology.
for the 21st Annual MITX Awards, which showcase the "By bypassing merchants and encrypting the credit card
best creative and innovative accomplishments in New data so it can arrive directly at processing gateways, a
England. "We have built a platform that helps merchants merchant's liability is reduced," said Justin Muntean,
sell more whether they are selling via a marketplace, as NAB Senior Vice President of Sales.
an online B2C merchant or processing invoices as a B2B
company," said Ralph Dangelmaier, Chief Executive NACHA reports spike in ACH volume
Officer of BlueSnap.
NACHA – The Electronic Payments Association tracked
Brightpearl expands U.S. footprint four consecutive quarters in which ACH Network vol-
ume exceeded 5 billion quarterly electronic payments
Retail management company Brightpearl opened its – a first for the network. According to NACHA, overall
second U.S. office in Austin, Texas, which will serve volume in 2016 grew to 25.6 billion transactions, up 5.3
as the company's new U.S. headquarters and occupies percent from 2015 and the third consecutive year annual
approximately 20,000 square feet of office space. "Austin volume increased by at least 1 billion transactions. In
is a great place to live and is a thriving city for innova- 2016, $43.7 trillion was transferred over the NACHA
tive technology companies," said Derek O'Carroll, CEO Network.
of Brightpearl.
New Jersey court convicts skimmer
CO-OP executive honored
A member of a scheme that used secret card-reading
CO-OP Financial Services Chief Product and Strategy devices and pinhole cameras on PNC and Bank of
Officer Shazia Manus was recognized with the America ATMs to steal at least $428,581 pleaded guilty
Confidence Award during the Inspiring Women of in Newark, N.J., federal court before U.S. District Judge
Iowa event held April 5 in Des Moines. Manus was one Esther Salas. Joel Abel Garcia pleaded guilty to one
of three finalists, honored for their positive state of mind count of conspiracy to commit bank fraud and is the
and related actions. A strong believer in the cooperative third of 13 defendants charged that has pleaded guilty
spirit, Manus often encourages credit union leaders to to using counterfeit ATM cards and stolen customer
seek out partnerships with organizations that under- information at New Jersey ATMs.
stand the credit union philosophy.
NRF campaigns against BAT
EPI chief in line for entrepreneur award
The National Retail Federation launched the next phase
Michael Nardy, CEO of Electronic Payments Inc., was of a campaign that opposes the proposed border adjust-
named a semifinalist for the Entrepreneur Of The Year ment tax (BAT). "Small business owners are already
2017 Award in the New York Region. The awards pro- struggling to survive in an over-regulated marketplace,
gram, facilitated by EY, recognizes entrepreneurs who and the border adjustment tax would push many of
are excelling in areas such as innovation, financial per- them under water," said David French, NRF Senior Vice
formance and personal commitment to their businesses President for Government Relations.
and communities. Nardy was selected by a panel of
independent judges. Winners will be announced in June. PaymentVision, Zighra granted patents
Mastercard trials biometric card PaymentVision was granted a U.S. patent for technology
directed toward the enrollment of financial accounts.
Mastercard unveiled a next generation biometric card The new patent includes claims covering a method for
that combines both chip and fingerprint technologies to facilitating secure payments within a merchant com-
verify cardholder identity for in-store purchases. South puting system without exposing it to financial account
Africa is the first market to test the technology, where information.
two separate trials were recently completed. The new
card, which builds on fingerprint scanning technology In a separate development, mobile and Internet-of-
deployed in mobile payments, can be used at EMV Things behavioral biometrics provider Zighra received
(Europay, Mastercard and Visa) terminals globally, a U.S. patent for its user-specific, context dependent
Mastercard stated. authentication engine which fuses machine learning and
dynamically-weighted contextual information modified
over time.

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