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IndustryUpdate
celebrates Tarrant County's largest private and public
companies, measured by annual business volume and
total number of locally based employees. "What began
here in Fort Worth as a small acquiring business with
five associates and a big vision has become a technolo-
gy-driven payments family nearly 900 strong," said Neil
Randel, CEO of FAPS.
FIDO Alliance enables biometrics certification
The FIDO Alliance established the Biometric Component
Certification Program, which utilizes accredited inde-
pendent labs to certify that biometric subcomponents
are fit for commercial use and meet globally recognized
performance standards. The program allows vendors to
test and certify only once to validate their system's per-
ANNOUNCEMENTS formance and re-use that third-party validation across
their potential and existing customer base, resulting in
substantial time and cost savings, the alliance stated.
ControlScan SecureEdge includes
PCI Data Security Essentials JHA migrates 25 to core processing in fiscal 2018
Managed security and compliance solutions provider Technology and payment processing solutions provider
ControlScan's SecureEdge platform is now equipped Jack Henry & Associates Inc. said its Jack Henry Banking
with Payment Card Industry (PCI) Data Security division migrated 25 banks to JHA OutLink Processing
Essentials for small businesses. Many small businesses Services during fiscal year 2018, which ended June 30.
do not have the in-house technical expertise to effective- Jack Henry Banking provides outsourcing solutions
ly understand and complete the PCI Self-Assessment to 60 percent of its core client base. A growing trend,
Questionnaire; Data Security Essentials streamlines the outsourcing can eliminate the significant capital expen-
process with easy-to-use resources and tools, the com- ditures required to maintain in-house solutions and
pany stated. It operates similarly to the traditional the need to recruit and retain specialists to operate and
PCI SAQ; however, merchants see considerably fewer manage in-house data center operations, JHA stated.
questions and are educated on how to achieve a strong
security posture. SynapseFI raises $17 million for infrastructure
ETA names eight to inaugural hall of fame Synapse Financial Technologies Inc., an API-based
banking platform for innovative financial institutions,
The Electronic Transactions Association selected the disclosed a $17 million Series A investment led by
inaugural class of inductees for the ETA Hall of Fame, Trinity Ventures and Core Innovation Capital, with con-
which was developed to recognize the achievements of tributions from other investors. The company reported
payment professionals who have made significant and that since its founding in 2014, it has processed over
lasting contributions to the industry. $10 billion in transactions for more than 1.5 million end
users. Key services include payment processing, deposit
The inductees are Chuck Burtzloff, founder of Card accounts, debit and credit card issuance, custodial
Services International; Diane Faro, former CEO of Chase accounts, crypto wallets, and soon-to-launch investment
Merchant Services and JetPay, and previous senior and loan products.
executive at Fist Data Corp.; Paul Garcia, former CEO
of Global Payments Inc.; Dee Hock, Visa's first CEO; Joe Virtual Crypto to allow purchase,
Kaplan, prior industry advocate, CEO of Total Merchant sale of bitcoin at ATMs
Services and founder of several payment ventures;
Ed Labry, a long-time senior executive and leader at Virtual Crypto Technologies Ltd., which is dedicated to
First Data; Frank McNamara, founder of Diners Club making cryptocurrencies accessible to the public, stated
International; and Debra Rossi, vice chair, payments at it will offer ATM operators worldwide software that will
First Data and prior executive at Wells Fargo Merchant enable users to buy and sell bitcoin at regular ATMs.
Services. Virtual Crypto said the new software will make it pos-
sible to sell bitcoin and convert it into standard cash at
FAPS honored by Fort Worth Business Press any regular ATM, including ATMs that are not equipped
with cameras.
The Fort Worth Business Press recognized First American
Payment Systems as a Top 100 honoree. The distinction
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