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IndustryUpdate

ANNOUNCEMENTS New Jersey skimming ring members charged

Stefan Dumitru and Florian Calin Crainic pleaded guilty
BIO-key approved for Nasdaq listing before U.S. District Judge Esther Salas to charges of
conspiracy to commit bank fraud. According to court
The common stock of biometric security provider BIO- admissions, Dumitru, Crainic, and 13 others convicted
key International Inc. was approved for listing on the to date, sought to defraud PNC Financial Services Group
Nasdaq Capital Market and will continue trading under Inc. and Bank of America N.A. and their customers by
the symbol BKYI. "Our Nasdaq listing is a significant illegally obtaining customer account information in a
milestone for BIO-key and our shareholders that under- scheme that used ATM card-reading devices and pinhole
scores our ramping sales momentum so far this year," cameras to steal at least $428,581.
said Michael DePasquale, Chairman and Chief Executive
Officer of BIO-key. NRF makes sales tax plea to House
Clearent recognized as top workplace The National Retail Federation sent a letter asking the
House Judiciary Committee to reject a bill that would
Clearent LLC received 2017 Top Workplaces honors block states from requiring online sellers to collect sales
by The Post-Dispatch based on an employee feedback tax, and urged a public hearing. H.R. 2887 would bar
survey administered by WorkplaceDynamics LLC. "We states from requiring out-of-state online sellers to collect
highly value the feedback we received from the survey sales tax on sales made to residents, effectively writing
and see it as an opportunity to learn and grow based on into law a 1992 U.S. Supreme Court ruling that sellers
what our employees not only enjoy about Clearent, but only collect tax in states where they have a physical
also what they may need or want from us," said Melinda presence.
Vedder, Senior Vice President of Human Resources at
Clearent. USAePay unveils EMV-enabling software

ConnexPay receives kick start funding USAePay introduced Connection Manager Pro as part
of its Payment Engine middleware library. An enter-
Fintech startup incubator CSI Kick Start Inc. invested in prise version of the device manager tool available in
ConnexPay LLC, whose consolidated merchant acquir- USAePay's virtual terminal, CMP enables companies
ing and virtual card issuing solution leverages CSI to manage multiple EMV devices remotely. Through a
Enterprises Inc.'s globalVCard virtual card issuing tech- single web interface, the solution allows developers to
nology to create a bridge between intermediary enti- deploy multiple locations by remotely rebooting, restor-
ties and outgoing business-to-business (B2B) suppliers. ing and re-pairing EMV devices, the company said.
Through the integration, ConnexPay apparently offers
merchants lower card acceptance fees and reduced bank USAT closes public investment round
sponsorship reserve requirements.
USA Technologies Inc., an integrated cashless and
Elavon simplifies healthcare payments mobile transactions solutions provider in the self-service
retail market, closed its underwritten public offering of
Elavon Inc. launched One Bill, a consumer-friendly, 9,583,332 shares of common stock at a price of $4.50 per
electronic billing solution for healthcare providers now share. The foregoing included the full exercise of the
available through Payment Navigator powered by underwriters' option to purchase 1,249,999 additional
InstaMed. One Bill is said to improve transparency by shares from USAT. Gross proceeds to USAT totaled
presenting a single consolidated patient statement, even approximately $43.1 million.
if several services are provided during a visit or multiple
visits occurred during the same billing cycle. One Bill
also enables patients to make multiple payments for bal- RESEARCH
ances owed across a household.
Payment security market to double in five years
GlobalOnePay delivers payfac solution
In Payment Security Market by Solution (Encryption,
GlobalOnePay, a division of Pivotal Payments Inc., Tokenization, and Fraud Detection and Prevention), Service
launched an ecommerce payment facilitator platform (Integration, Support, and Consulting), Organization Size
that allows payfacs, marketplaces and software pro- (Large Enterprises and SMEs), Industry Vertical, and Region
viders to generate revenue by offering global payment - Global Forecast to 2022, MarketsandMarkets Research
processing as an integrated, value-added service. By Private Ltd.predicted the global market for payment
provisioning a single, master merchant account, the new security will reach $24.63 billion by 2022, up from $11.39
platform provides an automated, real-time boarding billion in 2017. During that time, payment security solu-
experience, with simplified merchant account enroll- tions and the education vertical are expected to experi-
ment, the company said. ence highest growth overall.

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