Page 10 - GS171002

IndustryUpdate

ANNOUNCEMENTS consumers were potentially impacted than previously
reported, bringing the total to 145.5 million. Evidence of
additional or new attacker activity, access to new data-
Checkout.com launches U.S. initiative bases or other sensitive information, or impact outside the
London-based online payment company Checkout.com United States was not detected.
launched into the U.S. market with the opening of NACHA, PIA focus on five payment APIs
a Boston office. Other office locations include Dubai,
Singapore, Germany and Mauritus. The company said NACHA – The Electronic Payments Association's API
its expansion into North America is in response to grow- Standardization Industry Group (SIG) and the Payments
ing customer demand in the payments space for global Innovation Alliance selected the first five application pro-
service providers, adding that it works directly with gramming interfaces (APIs) for initial standards develop-
customers to handle payments in any country through a ment: 1. Account validation/federal and state tax payment
single integration. receiver account validation for credit payments; 2. Get
account balance/get account history; 3. Get bank contact
CPI settles patent suits information; 4. Interoperability; and 5. Transaction status.

CPI Card Group reached a settlement with Gemalto S.A. The API SIG was created by NACHA in spring 2017 to
to resolve two patent litigation suits pending in the U.S. help standardize use of APIs in the U.S. financial services
District Court for the District of Colorado. Under the industry.
terms of the settlement, CPI agreed to make a one-time PayJunction receives Stevie Award
payment of $750,000 in the fourth quarter of 2017. The
settlement agreement includes a mutual covenant not to PayJunction won a bronze 2017 Stevie Award in the
sue for a period of 18 months and is expected to result in Employee Engagement category in the second annual
the dismissal of both lawsuits with prejudice. Stevie Awards for Great Employers. The awards recog-
nize the world's best employers and human resources
CardFlight, Dynamics Payments aid Puerto Rico (HR) professionals, teams, achievements and HR-related
CardFlight and Dynamics Payments are working together products and suppliers that help create great places to
to help business owners affected by Hurricane Maria. work. More than 500 nominations worldwide were sub-
The companies are waiving monthly and setup fees for mitted. Stevie Award judges include many of the world's
SwipeSimple, so businesses in affected areas can process most respected executives, entrepreneurs, innovators,
credit card payments from any supported mobile device and business educators, the organization said.
or web browser. Additionally, Dynamics is pre-enrolling Pivotal Payments initiates strategic growth
merchants, so they have an immediately available pay-
ments solution as cellular communications are restored. Pivotal Payments entered into a strategic investment
agreement with private equity firm Novacap and
FreedomPay honored for work culture Canadian pension fund manager Caisse de depot et
FreedomPay was selected as 2017's Best Tech Work placement du Quebec, two institutional investors with
Culture for the Second Annual Timmy Awards in expertise in international business expansions. Pivotal
Philadelphia. The local tech community and a panel of stated it anticipates the new shareholders will enable the
expert judges chose FreedomPay from a field of more company to pursue more markets and further develop its
than 150 nominees. The awards recognize winners across payment technologies.
four categories to spotlight local tech startups, workplace TransNational expands Chicago sales presence
diversity, management and work culture.
TransNational Payments launched a 10-member Chicago
Loop Commerce receives patent rights inside sales team led by Tom Hockney, who joined

Loop Commerce reported it was issued U.S. Patent TransNational in August 2017 as General Manager
9,773,273 for the GiftNow service, which is already used of National Accounts. The new team will continue
by many leading brands including Macy's, Saks Fifth TransNational's strategy of offering simple, secure pay-
Avenue, and Neiman Marcus. Integrated with the mer- ment solutions for all businesses, whether they want to
chant's online store, GiftNow digitizes merchandise, process credit card payments in-store or manage inven-
enabling consumers to easily purchase products online tory in the cloud.
and deliver them to someone else. Receivers can custom-
ize gifts' size and color or exchange gifts before they ship. RESEARCH
Mandiant discloses Equifax findings
EC3, Trend Micro study ATM malware
Mandiant completed the forensic portion of its investiga-
tion of the Equifax cybersecurity incident. The completed Europol's European Cybercrime Centre and Trend Micro,
review determined approximately 2.5 million more U.S. a global cybersecurity solutions company, released a
comprehensive report on the state of ATM malware. The
10