Page 16 - GS180901

IndustryUpdate

Juniper says mobile payments will drive financial inclusion year-over-year, giving the industry
a solid kickoff for the third quarter
A new study from Juniper Research forecasts that the use of mobile devices as consumers continued to spend
to make retail and store payments will act as a driver for financial inclusion despite concerns about the grow-
of the unbanked in emerging markets. The research forecasts that mobile ing trade war. The numbers exclude
merchant transactions by unbanked individuals will grow from 1.8 billion automobiles, gasoline stations and
per annum in 2018 to 3.8 billion by 2023. restaurants.
Most businesses want one payments provider, Mercator says
PARTNERSHIPS
According to a recent survey conducted by Mercator Advisory Group, 73
percent of small businesses said they would prefer to deal with one vendor Double Diamond, ControlScan,
for their payment acceptance services. However, at least 25 percent are still
engaging with multiple payment providers. Rich Consulting team up

Tractica predicts $6.9 billion voice-speech recognition market Under a new agreement, Double
Diamond Group and Rich Consulting
According to a new report from Tractica, the global market for voice and clients, who are largely payment
speech recognition software will increase from $1.1 billion in 2017 to $6.9 facilitators, are being offered a com-
billion by 2025 Likely use cases cited were in healthcare, automotive vir- plementary Payment Card Industry
tual digital assistants, voice commerce, customer service applications, smart (PCI) Data Security Standard consul-
home controls, security and authentication, and voice search. tation with ControlScan. During the
consultation, clients will talk with a
NRF reports July retail sales up 4.9 percent over 2017 PCI Qualified Security Assessor to
understand the unique scope of their
According to new research by the NRF, July 2018 retail sales were up 0.4 businesses and ways they can more
percent seasonally adjusted from June and increased 4.9 percent unadjusted quickly and easily achieve compli-
ance.

TruRating, Verifone facilitate
collection of consumer input

TruRating, which specializes in
point-of-payment customer feed-
back solutions, signed a global
contract with commerce solutions
provider Verifone. TruRating's user-
friendly POS feedback software app,
paired with Verifone, will allow mer-
chants to collect consumer ratings to
help them assess their strengths and
weaknesses and thereby improve
their businesses, the partners stated.

Linked2pay, paycosmos
offer IMS
Risk management and payment
technology provider linked2pay
selected paycosmos as the first ISO
on the linked2pay software-as-a-
service platform to offer merchants
Instant Merchant Settlements (IMS).
The merchant enrollment and board-
ing process utilizes patent-pending
technology to instantly authenticate
ownership of a debit card (connect-
ed to the merchant bank account)
so secure delivery of service can be
initiated.

16