Page 14 - GS170502

IndustryUpdate

RESEARCH PARTNERSHIPS

Juniper sizes up digital payments APPS named HCC preferred partner

A Juniper Research study, Digital Payment Strategies: Atlantic Pacific Processing Systems received the endorse-
Online, Mobile & Contactless 2017-2021, predicted the ment of the Holistic Chamber of Commerce to become
value of digital payments will reach $3.9 trillion this the trade organization's preferred payment processing
year, representing an increase of more than 14 percent solutions provider. HCC supports holistic, complemen-
over last year. While the bulk of transaction value (55 tary, eco-friendly, and sustainable professionals, practi-
percent) will come through online retail purchases for tioners and businesses across North America. APPS will
physical goods, person-to-person money transfers are offer HCC members its suite of PCI and EMV-compliant
expected to see the largest year-over-year net increase in payment solutions, which features enhanced reporting
value, capturing approximately $200 million of the total and reconciliation capabilities.
annual gain.
Century Business integrates with NAV-X
Juvo sees data science, prepaid link
Technology-based merchant services provider Century
A new report by Juvo Mobile Inc. predicted data-science Business Solutions partnered with NAV-X to enable cred-
driven mobile financial services will significantly impact it card processing directly within Microsoft Dynamics
the global prepaid market, increasing operator revenues NAV 2017. NAV-X will utilize Century's proprietary
by as much as $70 billion. The report, Data Science: payment gateway, EBizCharge, to give thousands of
Driving Mobile Operator Digital Transformation, demon- U.S. merchants using Dynamics NAV 2017 the ability to
strates how establishing financial identities for prepaid process payments directly from pages in the software.
subscribers improves operators' business performance
and the broader pursuit of digital transformation. First Data, Flywire form reciprocal alliance
Mobify analyzes mobile retail trends First Data Corp. and Flywire Corp. formed a strategic
alliance to streamline cross-border transactions for their
A study from Mobify, analyzing data from 17 years respective client bases. As part of the agreement, both
of U.S. census data on retail sales and other in-house companies entered a reciprocal referral relationship
sources, reveals the rising importance of mobile conver- that will allow seamless integration between Flywire's
sions on retail revenues as mobile-generated revenue is international payment and receivables platform, and
predicted to overtake desktop this year. According to First Data's client network and technology solutions. The
Mobify's Q1 2017 Mobile Commerce Insights Report, by partnership enables Flywire to expand card payment
focusing on easier navigation, speed, one-click purchase options for its clients and First Data clients to leverage
and security features retailers can capture more revenue the Flywire platform to accept large sum international
from the mobile channel. payments.
U.S. Payments Forum delivers market snapshot FIS, TCH launch real-time payment incubator

The U.S. Payments Forum released its state-of-the- FIS and The Clearing House Payments Company
market Spring 2017 Market Snapshot, which provides LLC co-launched a hosted Real-Time Payment (RTP)
an update on the status of the U.S. EMV (Europay, Incubator service for early-adopter financial institutions
Mastercard and Visa) chip migration, fraud trends, pri- in the United States. The service – the first of its kind in
orities for addressing open payments in transit, industry the nation – will be offered as a hosted solution and is
resources, and recognition of the forum's top contribu- designed to accelerate the path to real-time payments
tors and honor roll members for 2016. for U.S. financial institutions using FIS Open Payment
Framework technology, and operating via the TCH RTP
Data from the report suggests that perceptions concern- platform to clear and settle payments.
ing card-not-present fraud following EMV migration
could be inflated. "While industry data and correspond- "For real-time payments to truly take off, banks of
ing media reports are stating an overall rise in CNP all sizes need to have easy, affordable access," said
fraud, what we are actually seeing is that the overall Russ Waterhouse, Executive Vice President, Product
proportion of CNP is actually staying relatively even – Development and Strategy, The Clearing House.
and perhaps even decreasing – as a percentage of online "Combining the power of The Clearing House’s Real-
sales," said Randy Vanderhoof, Executive Director of the Time Payments platform with FIS' leading edge tech-
U.S. Payments Forum. nology and services, we are transforming the payments
landscape in the U.S. and around the world."

14