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IndustryUpdate

Juniper identifies tech trends for 2018 with TCH and our banking clients to realize the benefits
of this breakthrough new system."
Juniper Research drew up a list of the top trends for the
technology industry for 2018. The top five on the list Garmin Pay available through Visa
are 1. Amazon and Facebook lead over the top bids for
major sporting rights; 2. Apple, Facebook and Google Garmin International Inc. and Fit Pay Inc., a wholly
bring social payments to the masses; 3. AI and block- owned subsidiary of NXT-ID Inc. said the Garmin Pay
chain power numerous fintech and insurance solutions; contactless payment feature is now available for eligible
4. Edge computing fast tracks the Internet of Things; 5. Visa credit, debit and prepaid accounts from many of
Facial recognition applications surge. A free report and the network's major participating issuing banks. The
slide series detailing the findings are available to down- new feature on Garmin's latest smartwatch, the vívoac-
load at www.juniperresearch.com/document-library/white- tive 3, enables consumers to make highly secure con-
papers/juniper-research-top-10-tech-trends-for-2018. tactless payments at near field communication (NFC)-
enabled POS terminals, allowing them to tap to pay
Real-time payments drive rise in tech spend at millions of retail locations and contactless-enabled
ATMs, according to Garmin.
New research from Ovum revealed that North American
commercial banks are continuing to increase their NACHA, Bottomline team up for B2B payments
investment in real-time payments (RTP). The report The
rise of real-time payments in North America, commissioned NACHA - The Electronic Payments Association selected
by Icon Solutions is based on responses from more than Bottomline Technologies Paymode-X as a preferred part-
7,000 chief information officers and other senior IT deci- ner for business-to-business (B2B) payments. NACHA
sion makers. "The study shows that while implement- preferred partners are a select group of providers and
ing RTP infrastructures later than global peers, U.S. innovators that contribute to NACHA's strategic efforts
and Canadian institutions are looking beyond the basic and the payments ecosystem by removing friction,
implementation of new payment rails," Ovum noted. increasing ease, accessibility and efficiency, or sup-
"Instead, banks are also investing in services such as porting sound risk management and security for ACH
artificial intelligence (AI) and mobile banking based payments, the association said, adding that Bottomline
on real-time account data, recognizing that RTP is an Technologies makes complex business payments sim-
important strategic opportunity ahead of open bank- ple, smart and secure.
ing."
Plooto, Xero team on processing for accounting
PARTNERSHIPS Plooto Inc., a provider of electronic payment solutions,
extended its partnership with Xero Ltd., an online small
Blackbaud to integrate giving on Facebook business technology company. The existing integration
enables accountants to sync bills and invoices from
Blackbaud Inc., a cloud software company power- Xero into Plooto, pay electronically through Plooto and
ing social good, revealed plans to integrate its cloud auto-reconcile the payments back into Xero. The new
fundraising and engagement solutions with Facebook integration between Xero HQ and Plooto will provide
fundraising solutions. Blackbaud, Facebook and three accountants and bookkeepers with real-time updates
enterprise nonprofits—Juvenile Diabetes Research on the status of their clients' invoices and payments, the
Foundation, National Multiple Sclerosis Society and partners said.
Susan G. Komen—worked closely on the pilot program
that took advantage of the new Facebook Fundraisers ACQUISITIONS
application programming interface. Blackbaud simul-
taneously delivered features to automatically give non-
profits seamless access and control over their Facebook First Data completes BluePay purchase
fundraising tools, the partners noted. First Data Corp. completed the acquisition of BluePay
Fifth Third pick FIS, TCH real-time payments Holdings Inc. BluePay provides technology-enabled
payment processing for merchants in the United States
FIS, a provider of financial services and payment tech- and Canada and was one of First Data's largest distri-
nology, disclosed that Fifth Third Bank selected FIS bution partners. "The addition of BluePay's integrated
to enable real-time payments through The Clearing card-not-present solutions to CardConnect's cutting-
House's RTP, a real-time payments system designed to edge ISV product suite affords First Data a unique and
allow consumers and businesses in the United States comprehensive offering in the high-growth integrated
to send and receive payments instantly. The bank is payments space," said First Data Chairman and CEO,
expected to go live with RTP in early 2018. "RTP prom- Frank Bisignano. "Importantly, this acquisition will also
ises to fundamentally transform the payments land- allow us to enhance our service offerings to our JV alli-
scape in the United States," said Anthony Jabbour, Chief ances and other distribution partners."
Operating Officer for FIS. "We are excited to be working
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