Page 16 - GS170802

IndustryUpdate

Capital, Work-Bench, Santander InnoVentures and Two billion across 129 deals during the second quarter, up
Sigma Ventures L.P., among others. This latest round $500 million from the previous quarter. KPMG analyses
brings total funding of $27.5 million to date and will indicated a U.S. investor shift to business-to-business
enable Socure to scale sales and support operations, (B2B) funding focused on improving cost efficiencies of
build out its infrastructure and drive market expansion, mid- and back-office functions. Four of the top 10 deals
the company said. in the second quarter were forged in the B2B market,
rather than customer facing initiatives, KPMG noted.
Trulioo receives top ranking

Trulioo's flagship identity verification solution, PARTNERSHIPS
GlobalGateway, ranked first for the second year running
in the Verification/Identity Checks category of the 2017 3dcart integrates Apple Pay
RegTech Performance Report, published by Market Fintech
Ltd. Trulioo and GlobalGateway also placed fourth in 3dcart implemented Apple Pay as a payment gateway
the Overall Supplier Rankings. The report focuses on for 3dcart stores as part of its recent platform upgrade.
regulatory technology solutions gaining market trac- The integration was in direct response to merchant
tion, institutions deploying them, scope of solutions and interest in the addition of Apple Pay as a checkout
compliance areas addressed. option. "We decided the integration would be a great
benefit to both our customers and their customers as
Vyze closes Series C round well," said Jimmy Rodriguez, Chief Operating Officer
at 3dcart.
Retail fintech company Vyze closed $13.1 million in
Series C venture capital financing. The round was led AmEx incorporates MineralTree AP
by Austin Ventures with additional investments from
Fathom Capital and Starvest Partners. Vyze also wel- American Express Co. and MineralTree, an accounts
comed Ken DeAngelis, co-founder and General Partner payable (AP) and payment automation solution provid-
at Austin Ventures, to the Vyze Board of Directors. The er, created an integrated solution that brings efficiency
funding will be used to accelerate growth and fuel prod- to everyday AP processes. The partnership provides
uct innovation and expansion. organizations with a platform that incorporates AmEx
corporate card activities with normal AP workflows to
RESEARCH help streamline supplier payment processes, the com-
panies stated.
Bluecore reports on Amazon effect Blackhawk teams with Linq3

According to a report from Bluecore titled A New Path for U.S. shoppers will soon be able to purchase lottery
Retail: Co-Existing with the Force of Amazon, 44 percent of game tickets, such as Powerball and Mega Millions, at
retailers still do not know how to respond to the power grocery retail checkouts and have entry numbers sent to
of Amazon while others grapple with free shipping, their mobile device. The innovation is the result of a col-
email communications and better access to customer laboration between lottery technology provider Linq3
data. In the report, Bluecore underscores several ways and Blackhawk Network Holdings Inc. The program,
merchants can embrace market potential and overcome which is subject to individual state lottery approval,
challenges by using Amazon as a distribution channel. is expected be available in select states at participating
grocers starting in late 2017.
CO-OP releases credit union study
CPAY chooses CardFlight mPOS
CO-OP Financial Services released Digital Transformation,
a study designed to help credit union leaders under- Central Payment divulged that CPAY, a joint venture
stand current industry perceptions, challenges and with Total System Services Inc., will offer CardFlight
plans for the digital age. Leaders were queried on five Inc.'s SwipeSimple mobile POS solution, enabling mer-
strategic areas – consumers, competition, data, innova- chants to accept EMV (Europay, Mastercard and Visa)
tion and value – and asked to identify barriers to change. chip card payments from their mobile devices. The
In the study, digital transformation was supported by 88 solution includes an EMV chip card reader, mobile
percent of the respondent group, 73 percent confirmed application for iOS and Android, and a back-office web
plans to expand digital budgets, gold standard digital dashboard for merchants to accept payments and man-
brands were identified, and top barriers to digital trans- age their businesses.
formation were cited.
ExaDigm, SoftPoint deliver all-in-one POS
KPMG reports fintech funding uptick
ExaDigm Inc., in partnership with SoftPoint LLC,
According to KPMG LLP's Q2 2017 Pulse of Fintech report, launched All-in-One (AIO), a POS terminal that features
overall fintech funding in the United States grew to $2 ExaDigm hardware embedded with SoftPoint software.
16