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IndustryUpdate
ing and meeting consumer demand with the products ing process winner was BluePay Processing LLC,
they want at the prices they expect and the shopping with Authoirze.Net coming in second; and the startup
experience they want to have, online or in store." ecommerce merchant category winner was Shopify,
followed by runner up Stripe.
Sage rebrands as Paya
Sage Payment Solutions Inc., a provider of integrated RESEARCH
payment processing and business solutions in North
America, is now operating under the new brand name Javelin tracks record level identity theft
Paya (pronounced pie-ya). The new corporate name The 2018 Identity Fraud Study by Javelin Strategy
signals a tectonic shift in the company's vision and & Research revealed that 16.7 million U.S. consum-
strategy in the fintech market, the company stated. ers were impacted by identity fraud in 2017, a record
"The Paya name represents the fresh and progressive high since Javelin began tracking identity fraud in
company we are building for our employees, partners, 2003. The amount stolen as a result of identity fraud
and customers as we work to become the foremost last year rose to $16.8 million. Javelin noted fraud-
technology platform helping companies run their busi- sters' continued shift to online away from physical
nesses better," said Joe Kaplan, Paya CEO. The com- stores to commit fraud, and while credit card accounts
pany also heralded a significant investment to expand remained a prime target, the opening of intermediary
its channel partner program. accounts, such as email payments and other Internet
TSG names Payment Gateway Awards winners accounts, saw significant growth in 2017.
The Strawhecker Group revealed the winners of its Mercator details low-cost, alternative
Payment Gateway Awards for 2017, an inaugural payment options
awards program. Powered by its Gateway Enterprise Mercator Advisory Group's Payment Channel Al-
Metrics platform, TSG analyzed transaction perfor- ternatives to the Card Networks for Merchants de-
mance, as well as the onboarding and ecommerce scribes ways consumers can pay for transactions and
merchant startup processes from merchant, developer, how merchants can integrate these payment accep-
partner and consumer perspectives. The winner for tance methods into their POS systems. Most retail-
transaction performance was CyberSource, and the ers, especially small businesses, can save money on
runner up was Vantiv (now Worldpay); the onboard- interchange and related
fees thanks to some exist-
ing technologies as well
as more recent API devel-
opments from payment
providers, Mercator stated.
Highlights of the research
report include consumer in-
store payment preferences,
types of merchant payment
channel alternatives, emerg-
ing decoupled debit pay-
ment methods, merchant
pains and gains from card
networks, and merchant
payment transaction pro-
cessing fee examples.
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