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IndustryUpdate

NRF amends retail sales forecast PARTNERSHIPS

The National Retail Federation adjusted its 2017 retail
sales forecast to a 3.2 to 3.8 percent increase versus the CardConnect delivers P2PE for HealthPay24
3.7 to 4.2 percent projected earlier this year. "Meaningful
revisions to retail sales numbers by the Census Bureau HealthPay24 partnered with CardConnect to enhance its
and similar revisions to personal income and consump- existing integrated platform with CardConnnect's Bolt
tion by the Bureau of Economic Analysis have both P2PE cloud-based solution, which simplifies software
affected our forecast and have required us to adjust our app and device integrations. The combined offering will
2017 sales projection," said NRF Chief Economist Jack provide secure payment acceptance and data breach
Kleinhenz. protection for healthcare providers and their patients
through PCI-validated point-to-point-encryption (P2PE)
Verizon releases 2017 Payment Security Report and tokenization, the companies noted.

The Verizon 2017 Payment Security Report demonstrates Deck Commerce integrates Clutch
a link between organizations being compliant with the
Payment Card Industry (PCI) Data Security Standard Deck Commerce partnered with Clutch, an integrated
(DSS) and their ability to defend themselves against marketing platform that helps brands identify, under-
cyber attacks. Of all payment card data breaches Verizon stand and motivate their best customers through data
investigated, no organization was fully compliant at the management and multi-channel engagement. Customers
time of breach, demonstrating lower compliance with who use Deck Commerce for their Distributed Order
10 out of the 12 PCI DSS key requirements. The report Management solution can now use Clutch to manage
found PCI compliance has increased globally, with 55.4 loyalty, gift card and stored value programs; as well as
percent of assessed organizations in 2016 passing the text, email and direct mail campaigns.
interim assessment.
EFTA, AFT form partnership

The Electronic Funds Transfer
Association entered a formal partner-
ship with the Association for Financial
Technology. The relationship will enable
members of both associations to share
information and potentially collaborate
on a range of issues including electronic
payments and commerce; credit, debit
and prepaid technology; cyber security;
data privacy; mobile payments; and leg-
islative and regulatory initiatives that
may impact them.
Matrix Payment aligns with Apruve

Apruve entered an agreement with
Matrix Payment Systems to offer busi-
ness-to-business (B2B) customers a sim-
pler way to manage revolving lines of
credit. "Credit cards are just one part of
the payment landscape when it comes to
B2B and many of our customers extend
lines of credit or offer purchase orders
to buyers," said Glenn Hughes, CEO of
Matrix. "This process can be extreme-
ly manual and expensive to manage.
Apruve automates the entire process."

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