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IndustryUpdate

RESEARCH PARTNERSHIPS

Loyalty programs boost purchase power ABC Financial, Promotion Vault team up
A Citi Retail Services survey found over two-thirds of ABC Financial Services, a software and payment pro-
Americans who participate in rewards programs expect vider to the health and fitness industry, entered a
to save money this holiday season through redemp- partnership agreement with data-driven digital gift
tions, and 86 percent are more loyal to brands where card program distributor Promotion Vault. Clubs using
they participate in such programs. "Customers are tak- Promotion Vault pay only when gift cards are acti-
ing a holistic approach to their holiday shopping by vated. "Promotion Vault is a turnkey solution deeply
researching their purchases, joining rewards programs integrated with ABC, making it possible to incentivize
and consolidating their spending at specific retailers favorable behavior like referrals and fitness assessment
or on designated payment products to achieve hard completion," stated Kelly Card, Senior Vice President of
dollar savings during the holiday season," said Leslie Partner Relations at ABC.
McNamara, Managing Director, Business and Market
Development for CRS. ACI, Zelle deliver real-time payments for FIs

Discover surveys holiday fraud concerns ACI Worldwide joined the Zelle Network as a technol-
ogy partner. Since January 2017, the Zelle U.S. pay-
Discover Financial Services annual holiday shopping ment network has processed over 160 million real-time,
survey revealed that 62 percent of consumers are very or person-to-person transactions via mobile banking and
moderately concerned about identify theft or fraud this standalone apps. As partners, ACI said it will provide
holiday season, yet 73 percent said recent data breaches connectivity to real-time payment networks from a
won't affect their holiday shopping habits. Sixty-two single hub, bringing a broader reach to the market and
percent of respondents said they monitor financial state- empowering FIs to accelerate real-time payment deploy-
ments for suspicious activity, 41 percent monitor credit ments.
reports, 38 percent use credit cards with built-in security
features,18 percent subscribe to identity protection ser- AppSwarm, USA Real Estate eye crypto wallet
vices, and 9 percent do nothing to guard against fraud.
AppSwarm Inc., a technology company specializing
Mercator issues ATM benchmark report in mobile apps, signed a letter of intent to develop a
smartphone-based cash and bitcoin mobile wallet with
Mercator Advisory Group's 2017 ATM Market Benchmark USA Real Estate Holding Co. "We are very excited to be
Report delivers statistics on the U.S. and global ATM working within this ever-growing and evolving space,"
market and evidence of ATM's changing role as banks said AppSwarm CEO Ron Brewer. "This is a great
and credit unions consolidate branch offices, broaden opportunity for both companies, as it allows us to lever-
ATM footprints and turn to independent ATM deploy- age one another's strengths and grow together."
ers to manage and operate the devices. The report also
examines enhanced capabilities that will make ATMs a Fiserv, Bursari digitize school payments
central channel for consumers to navigate personalized
banking experiences. Fiserv Inc. partnered with educational payments pro-
vider Bursari, who plans to use Fiserv's Digital Payments
SecurityScorecard measures SDK to help schools accept one-time and recurring pay-
cybersecurity preparedness ments digitally from parents and other payers. "Schools
and parents are looking for an easy way to pay for
SecurityScorecard released its 2017 Retail & E-Commerce tuition, meal plans and other school-related expenses,"
Cybersecurity Report, an analysis of cybersecurity vulner- said Bursari CEO Jerry Banks. "Incorporating the pay-
abilities across 1,924 companies monitored from January ment capabilities of Fiserv, we are able to deliver a com-
2017 through October 2017. Researchers found that plete service that allows transactions to be completed
merchants, major credit card issuers and others in the anywhere, on any device and in less time."
retail industry are failing to keep up with critical secu-
rity processes and security controls needed to protect PayJunction, ezyVet target veterinarians
shoppers. The retail industry ranked fifth of 17 major PayJunction teamed with ezyVet, a cloud-based man-
U.S. industries surveyed, with clothing, technology and agement software provider for veterinary offices, to
department store retailers scoring lowest in cybersecu- streamline payment processing for ezyVet customers.
rity performance. Customers will have access to PayJunction's virtual and
smart terminals to accept EMV (Europay, Mastercard
and Visa), near field communication (NFC) and mag
stripe cards; and integrated features such as customer
cards on file, electronic signature capture and recurring
billing, the companies stated.
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