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IndustryUpdate

ETA's Oxman testifies on app or digital wallet, especially millennials (69 percent)
FTC Choke Point enforcement and smart phone users (59 percent), whose interest far
exceeded that of those without smartphones (17 percent).
Electronic Transactions Association CEO Jason Oxman
testified July 26, 2018, before the House Committee on Mobile biometrics to authenticate
Oversight and Government Reform Subcommittee on $2 trillion by 2023
National Security and Subcommittee on Government
Operations. On behalf of the ETA's 500 member com- Juniper Research predicted mobile biometrics will authen-
panies, he spoke in support of a collaborative approach ticate $2 trillion worth of in-store and remote mobile pay-
between government and industry to fight fraud. "The ment transactions annually by 2023, up from $124 billion
payments industry is committed to protecting consumers forecast this year, as initiatives furthering secure remote
from harm," Oxman stated before his scheduled testi- payment transactions and more open biometric platforms
mony. "But instead of viewing payments companies as proliferate. The fastest growth is expected to come from
partners in the fight against fraud, the FTC's enforcement biometrically verified remote mobile commerce transac-
actions and unjust investigative techniques are pressur- tions, which according to Juniper is projected to exceed
ing processors to shun entire lines of business, harming 48 billion in volume by 2023.
merchants and innovation."
RemoteDepositCapture.com
Embry wins international seeks input for mRDC study
paytech leadership award
RemoteDepositCapture.com launched the industry's fifth
Donna Embry, Payment Alliance International's chief annual Mobile Remote Deposit Capture (mRDC) Industry
payments officer, was awarded the international 2018 Study. Designed for financial institutions offering mRDC,
PayTech Leadership Award at a ceremony in London. the results will benchmark activities across several catego-
The Award recognized Embry for playing an instru- ries including customer selection, risk management, pric-
mental role in devising and delivering the technology ing, availability, systemic capabilities, risk perceptions
strategy to support key business objectives, and for her and more. Market segments covered include Consumer,
distinguished leadership and professional contribution to Small Business and Corporate/Treasury. The study will
the industry's betterment around the globe. The PayTech also provide insights into how financial institutions are
awards recognize excellence and innovation in the use adjusting to the new Regulation CC and related restric-
of information technology in the finance and payments tive endorsement policies. To participate, please visit
industry worldwide, and the people who make it happen. https://rdc.polldaddy.com/s/mrdc2018.

Stronghold launches USD token on Stellar Network PARTNERSHIPS

Stronghold Institutional Services Ltd., a financial institu-
tion building an asset-agnostic global payment and trade Ingenico picks MapR to enable
ecosystem, heralded "the first and only venture-backed digital transformation
USD Anchor" on the Stellar Network, an open-source
protocol for value exchange. The Stronghold USD token Ingenico Group selected MapR Technologies Inc.'s MapR
is asset-backed (at one-to-one U.S. dollars per coin) Data Platform to serve as the foundational data layer for
with reserves held by a state-chartered trust company, its payment processing systems, which handle 5.1 billion
Stronghold noted, adding that it will use Stellar's block- transactions across more than 300 payment types within
chain protocol to issue and transact Stronghold USD. 170 countries. Following recent acquisitions, Ingenico
Stronghold also disclosed a new collaboration with IBM selected MapR to help integrate and consolidate multiple
to explore uses for Stronghold USD within blockchain data systems. The MapR Data Platform's ability to pro-
business networks on the IBM Blockchain Platform. vide a single point of control for data is considered a vital
tool for managing regulatory oversight including General
RESEARCH Data Protection Regulation compliance procedures.

MagTek, DishOut join forces on mPOS
Blackhawk delivers gift card snapshot
MagTek Inc., a provider of retail electronic payments and
Blackhawk Network Inc.'s 2018 State of Consumer Gift security technology, teamed with payments provider
Card Preferences Study outlines trends in consumer gift DishOut LLC to offer an easy-to-use, secure white-label
card preferences and highlights consumer and employee mobile payment solution. The combination of MagTek's
preferences for gift cards as incentives. While it found eDynamo secure card reader authenticator for magstripe
consumers today purchase more physical than digital gift and EMV (Europay, Mastercard and Visa) cards and
cards, digital gift card purchases are poised for continued Magensa Decrypt and Forward service, with DishOut's
growth. Over half of consumers surveyed report interest brandable mobile payment application, offers flexibility
in giving digital gift cards that can be added to a mobile to ISOs and resellers.
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