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IndustryUpdate
ANNOUNCEMENTS Judges' Choice Award and the Audience Choice Award
went to KeyCorp.
ATMIA seeks nominations for NFC Forum welcomes new members
ATM Industry Champions
The NFC Forum indicated that 11 new members
To help celebrate the 50th anniversary of the automated have joined the organization recently, including CTC
teller machine and the 20th anniversary of the ATM Advanced as an Associate Member and 10 other compa-
Industry Association, ATMIA is requesting nominations nies participating as either an Implementer Member or
for ATM Industry Champions. Designated champions serving at the NFC Forum's new Startup Implementer
will be honored in two categories: thought leaders, Membership Level. The new members represent a vari-
innovators and movers and shakers now active in the ety of industries and markets worldwide encompassing
industry; and those who are not currently involved in the Internet of Things, transportation, retail, payment,
the ATM business. For information on the nomination and automotive fields.
process, email mike@atmia.com.
PayJunction customer service recognized
Commerce Payment execs indicted
PayJunction received a bronze Stevie Award for the
Acting Manhattan U.S. Attorney Joon H. Kim, U.S. Postal Customer Service Department of the Year - Financial
Inspector Philip R. Bartlett and Secret Service Special Services & Real Estate category in the 15th annual
Agent David E. Beach indicted and arrested Michael American Business Awards. More than 3,600 nomina-
Mendlowitz and Richard Hart on charges of fraudu- tions were considered across numerous industries and
lently operating a payment card processing company award categories. "We're honored to be recognized by
that operated under various names including Commerce The American Business Awards as one of the top cus-
Payment Systems. The CPS executives were charged tomer service departments in the country," said Alex
with masterminding a years-long scam that took over Estrada, Operations Manager at PayJunction.
$30 million from 10,000 small businesses.
Q-Card achieves mobile accreditation
GlobalPlatform releases mobile ticketing specs
Q-Card received accreditation by EMVCo for its contact-
Industry association GlobalPlatform published a techni- less test bench for mobile phase two, which covers uni-
cal document entitled GlobalPlatform Systems End-to-End versal integrated circuit cards, secure element and host
Simplified Service Management Framework Transport v1.0.0. card emulation technologies. The new approval process
The specifications outline an agreed framework for the includes level 1 digital and analog, interoperability,
service management process for secure transport tickets performance and multiple execution environment test-
on mobile devices. Designed in collaboration with the ing. With this accreditation, Q-Card is able to provide
Smart Ticketing Alliance and the GSMA, the document device manufacturers with handset compliance testing
aligns the transport ticketing and mobile communities to for mobile wallet applications.
ensure all parties operate efficiently and securely under
mutually adopted guidelines. Signifyd closes Series C funding round
Jumio wins FinTech Breakthrough award Signifyd secured $56 million in Series C financing led
by Bain Capital Ventures, with additional participation
Jumio was selected as the winner of the FinTech from Menlo Ventures, American Express Ventures and
Breakthrough Award in the Best Fraud Prevention other existing investors. According to Signifyd, this lat-
Platform category. FinTech Breakthrough recognized est round of funding will be used to expand its teams of
Jumio's Netverify Trusted Identity as a Service offering engineers and fraud experts, and scale its machine learn-
for its advanced technology approach in the areas of ing-enabled Guaranteed Fraud Protection for enterprise
biometric facial recognition and computer learning. The merchants across the United States, Europe and Asia.
FinTech Breakthrough Awards honor financial technol-
ogy companies who excel in creativity, excellence and Worldpay first to quick chip U.S. terminals
hard work in the fintech industry.
Worldpay became the first payment processor in the
NACHA Payments Awards honor innovation United States to rollout Visa's Quick Chip technology
at the POS, which reduces chip card transaction time to
NACHA – The Electronic Payments Association named about three seconds. Quick Chip technology removes a
the recipients of the 2017 NACHA Payments Awards, step in the process requiring transmission of the final
which celebrate proven accomplishment and leadership amount, authorization and post-authorization while the
in the payments industry, and recognize and reward card is in the POS terminal. Instead, once the card is
payments innovations defining the future. Among the removed Quick Chip uses the issuer's online response to
winners, Earthport received the NACHA Excellence in approve or decline transactions.
Payments Award, lienwaivers.io was honored with the
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