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IndustrtyUpdate

explore Internet of Things (IoT) opportunities to enhance Mobile lending growing for SMBs
delivery of financial services. "The IoT Expert Group
will help banks and financial institutions prepare for the A Kabbage Inc. analysis of lending behavior by near-
transformative impact of IoT by defining the ecosystem, ly 150,000 small businesses and uncovered increasing
examining possible use-cases and exploring potential growth in mobile lending. The total number of loans
business models for a variety of stakeholders," the forum accessed through mobile means increased by more than
stated. 360 percent between April 2014 and February 2018; in the
same period, the total dollars accessed through mobile
ThreatMetrix CEO recognized increased over 1,220 percent, Kabbage found. It predicted
one of every five dollars funded to small businesses will
ThreatMetrix's Reed Taussig was named CEO of the Year be through a mobile device by the end of 2018.
by One World Identity (OWI), an independent strategy
and research company. This follows OWI's appointment Connected clothing on the rise
of Taussig to its Top 100 Influencers in Identity 2018.
ThreatMetrix also won the People's Choice Award at the Juniper Research Ltd. research determined the wearables
MRC Technology Awards, which recognize solution pro- market has begun to shift away from wrist-based devices,
viders making significant contributions in the fraud, risk such as smartwatches and fitness trackers. In a white
and payments space. paper Where Now for Wearables?, Juniper ranked the fastest
growing wearable sectors by projected compound annual
USAePay, Castles team on mobile POS growth in shipments over the next two years as follows:
connected clothing, 102 percent; smart glasses, 98 per-
USAePay now integrates with Castles Technology Co. cent; smart jewelry, 55 percent; hearables, 31 percent; and
Ltd.'s MP200L mobile payment terminal as a reseller smartwatches, 31 percent.
option. "The MP200L will be a game changer for our mer-
chant base," said Martin Drake, President of USAePay. PARTNERSHIPS
"With its extended battery technology and touch screen
capability, it will allow merchants to extend their process-
ing reach, yet the unit will still remain very affordable for Acapture joins Sift in fight against fraud
the small to medium-sized merchant."
Amsterdam-based omnichannel payments provid-
RESEARCH er Acapture, a Payvision affiliate, teamed with San
Francisco-based machine learning fraud protection firm
Sift Science to help online merchants maximize revenue
Gift Card Granny studies spending, saving trends via one platform. "Acapture’s data and our machine
learning models will drive business growth by reducing
Online discount gift card provider Gift Card Granny sur- fraud, false positives, and operational costs," said Sift
veyed over 3,000 U.S.-based members about saving and Science CEO Jason Tan.
spending trends. Forty-one percent of respondents search
for coupons or money-saving offers in advance of making Aliant approved by Litecoin Foundation
purchases; 69 percent only view store websites or emails
for coupons and promotions; 77 percent own rewards Aliant Payment Systems, a provider of merchant services
credit cards with 40 percent earning up to 5 percent cash and payment processing, entered an agreement with the
back; and only 27 percent expressed satisfaction with nonprofit Litecoin Foundation, making it the first pay-
their saving efforts. ment processor to complete the Litecoin registration
process. According to Aliant, the foundation can now pro-
Global finance leaders optimistic vide merchants seeking cryptocurrency payments with a
vetted processor offering cryptocurrency capabilities in
Global finance executives remain optimistic about eco- ecommerce, retail and mobile spaces.
nomic growth for the year ahead, based on the 2018 Global
Business & Spending Outlook survey by American Express ATM manufacturers support CardFree Cash
Co. and Institutional Investor Thought Leadership Studio.
Eighty-five percent of global respondents anticipate sub- Fiserv Inc. revealed that retail ATM manufacturers,
stantial or modest economic expansion in 2018 (up from including Nautilus Hyosung America, Genmega Inc. and
70 percent in 2017), 54 percent reported higher revenues Triton Systems LLC, now support its cashless ATM prod-
over the past 12 months, and 21 percent project substan- uct. "CardFree Cash from Fiserv enables ATM operators
tial expansion compared to 38 percent a year ago. to satisfy the growing demand for secure, immediate cash
disbursement across a range of P2P, B2C and self-service
environments," said David Keenan, Senior Vice President,
Product Management, Card Services at Fiserv.

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