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IndustryUpdate

ANNOUNCEMENTS IdentityMind's platform builds, maintains and analyzes
digital identities worldwide, allowing companies to per-
form identity proofing, risk-based authentication, regu-
ACI Worldwide honored for innovation latory identification, and to detect and prevent identity

ACI Worldwide, a provider of real-time payment and fraud.
banking solutions, was recognized by Finance Monthly Ingenico boosts charities via cashless solutions
Fintech Awards 2018 as the Leading Fraud Innovation
Firm – USA for its UP Payments Risk Management solu- Ingenico Group went to bat for the NSPCC, a children's
tion. The awards recognize businesses and individuals charity fighting to end child abuse in the U.K. and
driving the fintech sector through innovation in financial Channel Islands, by raising almost £15,000 at The Card
technology, including payments innovation, customer and Payments Awards evening in February. For the
experience, data and cybersecurity. ACI's solution uti- past eight years, Ingenico has supported the event by
lizes advanced data analytics, adaptive machine learning providing payment solutions to help raise money for
and customer profiling techniques. charity. This year, Ingenico employed the Connected
Screen, which enabled donors to engage and give using
TAG celebrates Bluefin Payment cashless technology. Guests interacted with the screen

The Technology Association of Georgia selected Bluefin via contactless cards, wristbands, watches, rings and
Payment Systems LLC as one of its Top 40 Innovative smartphones.
Technology Companies in Georgia for the third time. NAC seeks end to Visa's DCC ban
Bluefin provides PCI-validated point-to-point encryp-
tion solutions for retail, healthcare and higher education. The National ATM Council Inc. filed a public petition on
Its Decryptx decryption-as-a-service solution is pro- behalf of the U.S. ATM industry and consumers request-
tected by multiple U.S. and Japanese patents. Honorees ing that Visa Inc. amend its network rules to authorize
were selected from over 100 applicants from across the provision of dynamic currency conversion (DCC)
Georgia. services on Visa transactions at U.S. ATMs, effective
April 1, 2018. NAC noted that Mastercard allows DCC.
CPI joins SPA council "DCC services provide the transparency and real-time
The Smart Payment Association and CPI Card Group information needed by consumers from abroad to bet-
Inc. signed a memorandum of understanding through ter understand their cash withdrawals from U.S. ATMs
which CPI will become a Market Monitoring Advisory in terms of the cardholder's home currency," said Bruce
Council Member of the SPA, the trade body for smart Renard, NAC Executive Director.
payment technology providers. The SPA collects data
to generate independently verified market statistics and RESEARCH
provides free reports to SPA members. It launched two
new Market Monitoring Advisory Councils to enable KPMG reports U.S. fintech investment soaring
non-SPA member organizations to participate in the
activities of the SPA and access its most up-to-date mar- KPMG LLP reported that U.S. fintech investment
ketplace data. increased for the third straight quarter to reach $5.8
billion in the fourth quarter of 2017, and the U.S. fourth-
Ethisphere, Thomas Reuters laud TSYS quarter investment accounted for two-thirds of the total
Ethisphere Institute named TSYS one of the 2018 World's global investment of $8.7 billion. The trend was aided
Most Ethical Companies in the payment services cat- by a strong U.S. economy and a dramatic increase in
egory. The Ethisphere Institute is a global leader in private equity investment, according to the KPMG Pulse
defining and advancing the standards of ethical business of Fintech report.
practices. This is the sixth time in the past seven years Mercator notes alternative loans trending
TSYS has received this recognition. Also, in its inaugu-
ral year, Thomson Reuters selected TSYS as a Top 100 Mercator Advisory Group's Business Banking Services:
Global Technology Leader. This was based on evalua- Keeping Up with Millennial Owners report is the third of
tion of the company's leadership across eight pillars of three Insight Summary Reports summarizing the results
performance. of its 2017 U.S. Small Business Payments and Banking
Survey, a 2017 web-based survey of 1,638 U.S. small
IdentityMind closes Series C funding round businesses that accept payment cards. The survey found
IdentityMind Global recently closed a $10 million that 27 percent of U.S. small businesses use online alter-
Series C round of financing. In addition to all existing native lenders, slightly fewer than in 2016. Forty-eight
investors, the round was co-led by Benhamou Global percent of millennial owners (ages 18 to 34) reported
Ventures and Eastern Link Capital and included Hanna having a loan from an alternative lender, compared with
Ventures, Overstock.com and Zanadu Capital Partners. 25 percent of business owners ages 35 and older.
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