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IndustryUpdate

ANNOUNCEMENTS and the millions of retail ATM consumers we are privi-
leged to serve," stated Greg Chiasson, NAC Treasurer.
Check Site's Godfrey receives sentence POSaBIT closes funding round

Judge Eduardo Robreno of the U.S. District Court, Seattle-based digital currency payment provider
Eastern District of Pennsylvania sentenced former POSaBIT Inc. raised $1.5 million in funding from Seattle
Check Site Inc. Chief Executive Officer Neil Godfrey angel investors and New York-based Digital Currency
to 15 months in prison, as well as ordered him to pay Group. To date, stores in Washington State have used
a $50,000 fine and enter a $100,000 forfeiture money the POSaBIT platform to process over $2 million in sales.
judgment. Godfrey pleaded guilty to using Check Site "Securing the backing of DCG will allow us to execute
to assist at least two fraudulent web-based merchants and innovate faster, in order to support the needs of our
in obtaining consumer bank information to withdraw customers and partners," said Jon Baugher and Ryan
money from accounts; they relied on remotely created Hamlin, founders of POSaBIT
checks to facilitate the fraud.
SmartMetric ramps up biometric card
Citi Pay makes U.S. debut
SmartMetric Inc. achieved mass production of its bio-
Citi Mastercard credit customers in the United States metric fingerprint activated credit card, which acts as
can now use Citi Pay, a digital wallet that offers multi- a biometric reader and functions with existing POS
channel payments with tokenization protection. Existing systems. "We can now move forward with sales and
Citibank online users can access the digital wallet with marketing with card issuing financial institutions but
current login credentials to make purchases online and as well adapt our biometric cards for other significantly
in-app via mobile devices through Citi's recent integra- large markets in the cyber and physical security indus-
tion with Masterpass. Android users can also use the tries," stated Chaya Hendrick, President and CEO of
wallet to make in-store purchases at any near field com- SmartMetric.
munication (NFC)-enabled terminal.
Veem enables QuickBooks wire transfers for SMBs
Fit Pay enables Token ring payments
Veem integrated with QuickBooks Online to help
NXT-ID Inc. subsidiary Fit Pay Inc. supports payments QuickBooks users and accounting professionals stream-
on the Token biometric identity ring. Token replaces line international payments. The integration allows
day-to-day credentials, including credit cards and pass- users to automatically sync vendor bills in QuickBooks
words, and utilizes proprietary two-factor authentica- with Veem to make international wire transfers. When
tion. "As we looked to add essential services to Token, users enter bills into QuickBooks, the payment is auto-
contactless payment capabilities were a must-have and matically sent through the Veem multi-currency plat-
Fit Pay's platform offered the best end-to-end solution form where the currency is converted and delivered in
for our users," said Melanie Shapiro, Token co-founder the appropriate form.
and CEO.

Linkpay offers MLS video academy RESEARCH
Linkpay Merchant Services Inc. launched Linkpay. ATMIA publishes defense guide
University, a video training system for merchant ser-
vices professionals. Training consists of 12 courses and ATMIA published a manual for the ATM industry
over 64 videos on merchant service topics, including an entitled Defending Against ATM Explosive Attacks - Best
introduction to credit card processing, analyzing state- Practices Digest, which offers security guidelines and
ments, how to sell merchant services, lead generation best practices for protecting ATM systems in light of a
and sales calls. Merchant level salespeople who com- series of recent attacks. The best practice guide defines
plete the training earn certified Linkpay Consultant and illustrates in detail the types and methods of explo-
status and are assigned a personal sales coach. sive attacks, and how to defend against brute force
attacks through enhanced site security and explosive-
NAC's Renard honored by U.S. Payments Forum resistant safes, for example.

The U.S. Payments Forum recognized National ATM Blumberg unveils fintech report
Council Inc. Executive Director Bruce Renard with
an award for "Outstanding Contributions to The U.S. Blumberg Capital released results of a survey conducted
Payments Forum" in 2016. "Bruce's extensive involve- online by Harris Poll in France, Germany, Israel, United
ment and the expertise he brings represent a significant Kingdom, and the United States. The survey looked at
investment and contribution on the part of NAC to pro- how financial technology is used in different countries
tect and benefit America's independent ATM companies and found mobile wallets, peer-to-peer lending, online

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