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IndustryUpdate
ANNOUNCEMENTS
Castles' Code and Go certified with First Data
Castles Technology International Corp.'s semi-integrat- Payments Ecosystem conference. Payza's secure pay-
ed and standalone EMV application, Code and Go,
received EMV certification on the First Data Omaha
platform. "Code and Go is an opportunity for First Data
ISOs and ISVs to market a fresh and innovative EMV
solution to merchants, all while providing themselves
with a new revenue stream," said Winston Fong, Chief
Executive Officer of Castles Technology.
EPI's Nardy named EY entrepreneur finalist
EY named Michael Nardy, CEO of Electronic Payments
Inc., as a finalist for the Entrepreneur Of The Year 2017
Award in the New York program. The prestigious
awards program recognizes entrepreneurs who excel
in innovation, financial performance, and personal
commitment to their businesses and communities. An
awards ceremony honoring winners was planned in
late June.
Financeit, ClearFlow extend agreement
Financeit Canada Inc. extended its credit facility agree- category in successive years. The Best Processor Award
ment with ClearFlow Commercial Finance Inc., receiv-
ing an extended revolving credit facility of up to $15
million and a three-year term facility of $20 million.
According to Financeit, its cloud-based POS financing
technology has serviced over 6,000 Canadian merchants
and processed over $1.9 billion in loan applications for
consumers making purchases.
GoECart rebands as Pulse Commerce
GoECart unveiled its corporate rebranding and new
business name, Pulse Commerce. The company said it
chose the name to reflect its role in delivering a real- by cybercriminals will reach 2.8 billion in 2017 and rise
time enterprise-wide perspective, or pulse, on a mer-
chant's multichannel commerce operations. "We are
changing the game with our modern Order & Inventory
Platform that has been purpose-built for the mid-
market," said Manish Chowdhary, founder and CEO of
Pulse Commerce.
PAI's Embry recognized
Payment Alliance International Chief Payments Advisor
Donna Embry was honored with the Distinguished
Payments Professional Award for 2017 from Women in
Payments. The award recognizes the lifetime achieve-
ment of women who have served as a role model and
contributed to the positive image of the payments
industry. "I am deeply honored to be recognized among
the elite roster of 2017 award recipients by Women in
Payments," Embry said.
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Payza awarded two fintech honors
Payza won the Customer Choice Award for Best
International CNP Program at the 2017 CNP Expo and
the Online Payment Method Award at the 2017 Merchant
ments technology platform presently supports 26 cur-
rencies, including bitcoin, for 13 million clients in more
than 190 countries, the company said.
TSYS brings tokenization to commercial accounts
Total System Services Inc. recently enabled tokenization
universally across its North American commercial card
platforms, making TSYS the first commercial card pro-
cessor to allow Visa and Mastercard corporate, purchas-
ing and small business card clients to offer cardholders
the ability to pay with a mobile device using Apple Pay,
Android Pay or Samsung Pay, the company noted.
Vantiv earns CNP award
During the CNP Expo, Vantiv Inc. won the 2017 Card-
Not-Present Award in the Best Processor category as
both a Judges Choice Award and Customer Choice
Award recipient for the second consecutive year, making
it the first company to win both designations in a single
honors the company that most effectively responds to
the special needs and requirements of merchants that
operate online businesses.
RESEARCH
Juniper examines cyber threats
A Juniper Research Ltd. report, The Future of Cybercrime
& Security: Enterprise Threats & Mitigation 2017-2022,
projected the number of personal data records stolen
to 5 million by 2020, despite innovative cyber security
solutions. The report cited integration of new and old
systems as a security vulnerability point for businesses
upgrading to new security systems.
Mercator explores open-loop prepaid
Mercator Advisory Group released a report, Open-Loop
Prepaid Card Management: Strategies to Take Advantage of
the Industry's Inflection Point, that examines near-term,
medium-term, and long-term opportunities for prepaid
providers. The report encourages providers to think of
prepaid cards in new contexts and to enhance programs
in order to make prepaid part of a broader suite of finan-
cial services products.
NACHA surveys Same Day ACH debit readiness
NACHA—The Electronic Payments Association issued
results from its Spring 2017 survey of 24 financial insti-