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IndustryUpdate

ANNOUNCEMENTS bank has agreed to pay a civil money penalty of $2 mil-
lion and nearly $1.3 million in restitutions to the 243,000
consumers who were assessed transaction fees exceed-
ATMIA launches research portal ing what the bank disclosed.

The ATM Industry Association launched an Industry First Data touts corporate citizenship
Research Portal featuring a comprehensive list of rec-
ommended research information and reports helpful to First Data Corp. released its inaugural Corporate
members. It also offers free member access to a 1967- Citizenship Report, which details its initiatives for phi-
2017 ATM Time Series by ATM historian and trends lanthropy, diversity and inclusion, military and veteran
analyst, Professor Bernardo Batiz-Lazo, whose new affairs, and disaster relief efforts, among other topics.
book Cash and Dash: How ATMs and Computers Changed Achievements noted in the report include company rec-
Banking will be released July 1. Visit www.atmia.com for ognition in the 2018 Bloomberg Gender Equality Index and
more information. The Military Times No. 1 employer ranking on the Best
for Vets list; launch of a paid parental leave policy in
BAI calls for nominations 2017 for primary caregivers; assistance and aid provided
The Bank Administration Institute and BAI Center (BAI) in response to recent hurricanes; and establishment of
are seeking nominations for the BAI Global Innovation employee resource groups.
Awards. Now in its eighth year, the program recognizes NMA opens European office
leaders ushering in new era banking. Categories include
best application of data analytics, AI or machine learning National Merchants Association expanded globally with
in a product or service; innovative touch points and con- the launch of a European office in London. The merchant
nected experiences; innovation in customer experience; advocate and payment processor is in the process of
among others. Nominations close April 13, 2018. For obtaining Payment Facilitator certification, which will
details, visit www.bai.org. allow the company to process payment transactions
throughout the European Union. Once certified, NMA-
Dragon picks IdentityMind for ICO assistance owned subsidiary International Merchants Alliance Ltd.
Dragon Corp. launched its $500 million initial coin offer- will also focus on European-based merchants seeking
ing (ICO) Feb. 15, 2018, utilizing IdentityMind Global's business in the United States.
plug-in software solution for compliance with know TSYS incentivizes wellness at Walmart
your customer and anti-money laundering require-
ments. "We chose to partner with IdentityMind given TSYS' patent-pending Advanced AuthControl, which
their successful track record of powering some of the recognizes qualified purchases determined by a consum-
world's largest and most successful ICOs, their ability to er's healthcare plan, was recently deployed at Walmart
onboard contributors quickly and efficiently while help- and Sam's Club locations nationwide. This solution, in
ing us stay in compliance globally," said Dragon CEO combination with Walmart's Directed Spend proprietary
and founder Chris Ahmad. POS decisioning capabilities, will enable TSYS health-
care clients to offer customizable rewards for healthy
ETA Transact introduces Biometric + Identity Zone behaviors to members of healthcare plan wellness incen-
The Electronic Transactions Association and the tive programs, TSYS noted.
International Biometrics + Identity Association will show-
case biometric authentication solutions in the Biometrics "The addition of Walmart and Sam's Club to our grow-
+ Identity Zone – Powered by IBIA at Transact, a new ing network of retail providers is a huge testament to
feature in the show's exhibit area. "With the rise of the capabilities and benefits of Advanced AuthControl,"
mobile payments and voice commerce, biometric tech- said Trey Jinks, Group Executive, Loyalty, Healthcare &
nology will simplify and secure the payments process," Emerging Markets at TSYS. "The geographic coverage
said Jason Oxman, CEO of the ETA. Transact will take and breadth of merchandise these retailers offer, com-
place in Las Vegas, April 17 to 19, 2018. bined with TSYS' innovative payment solution, creates
tremendous opportunities to be healthy and reduce the
FDIC settles with Bancorp Bank growth in healthcare expenses by incenting healthy and
preventative behaviors versus expensive treatments."
The Federal Deposit Insurance Corp. reached a settle-
ment with The Bancorp Bank, which issues prepaid
cards on behalf of numerous nonbanks. The settlement
relates to unfair and deceptive practices in violation We are dedicated to the
of Section 5 of the Federal Trade Commission Act, education and success of the
the Electronic Funds Transfer Act, and the Electronic
Signatures in Global and National Commerce Act. The ISO and MLS.

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