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IndustryUpdate

high-risk, including the cannabis industry. Combining RetailOps, PayJunction integrate retail
MTrac's secure blockchain-based payment system and management, payment solutions
Baker's CRM platform, the solution will be marketed
nationwide by DEWL LLC an affiliate of the Superbad PCI Level 1 merchant account provider PayJunction now
brand, the partners said. integrates with retail management provider RetailOps
to provide streamlined inventory and payment manage-
Bluefin, Cashnet to provide PCI-validated P2PE ment to RetailOps users. Businesses using RetailOps can
now use PayJunction's Smart Terminal to accept EMV
Bluefin, a provider of payment security solutions, and and near field communication contactless payments
education technology company Blackboard Inc. part- for in-person transactions. RetailOps' comprehensive
nered to provide Bluefin's Payment Card Industry (PCI) software suite helps businesses manage orders, track
security standards-validated point-to-point encryption inventory, stock products and provide limitless reports
(P2PE) solution through Blackboard's Cashnet electronic on their businesses, and with PayJunction, customer
payments platform. "The new Bluefin and Cashnet payments occur quickly and are stored in the cloud for
P2PE offering secures credit and debit card transactions easy future reference, the partners noted.
by encrypting all data within a PCI-approved point of
entry device," Bluefin stated. "This prevents clear-text SpotOn, Vaultbank partner enable
cardholder data from being available within the device, merchant cryptocurrency acceptance
or in the merchant's system where exposure to malware
is possible." SpotOn Transact LLC reported that SpotOn merchants
will soon be able to process transactions using crypto-
Global Payout, GreenBox POS currency through its new partnership with Vaultbank,
offer blockchain payments a technology company that uses blockchain to create,
issue and trade financial instruments. This will allow
Global Payout and its subsidiary MTrac Tech Corp. customers to pay in the currency of their choice, while
executed a license agreement with GreenBox POS for the merchant can either convert the payment back
blockchain payment technology for use in a variety to fiat currency or keep in cryptocurrency if desired.
of business sectors. Global stated this agreement will Additional features to be added include the ability for
enable it to provide payments to a host of industries con- merchants to have loyalty capabilities in cryptocurrency
sidered both low and high-risk by traditional merchant and to buy/sell/trade cryptocurrency on the SpotOn plat-
processors. "I believe this relationship will offer the form, according to SpotOn, whose partnership stemmed
general public the ability to use the ledger technology of from SponOn's investment in Vaultbank's seed round of
Blockchain in a salient way and can showcase how this funding.
technology can be use in a multitude of ways to solve
many of the issues plaguing the financial services indus-
try," said Global Payout CEO Vanessa Luna ACQUISITION
Paysafe, Google extend collaboration In alliance with Zafin, Accenture
in five new countries acquires select assets from Zafin
Google added paysafecard, a prepaid solution and part Accenture agreed to form a strategic alliance with Zafin,
of the Paysafe Group, as a new payment method in the a Canada-based provider of financial services software
Google Play Store in five additional European coun- devised to bring new capabilities to help modernize
tries: Germany, the U.K., France, Spain and Greece. The and augment legacy information technology (IT) infra-
expansion of the Google/paysafecard partnership fol- structures that underpin the financial services industry.
lows the successful June 2018 launch of paysafecard as Under the agreement, Accenture will serve as a pre-
a Google Play Store payment method in Poland, Czech ferred integrator of the Zafin financial software platform
Republic, Slovakia, Slovenia and Cyprus. as part of a joint go-to-market strategy.

Paysafe noted that paysafecard enables consumers to In a related agreement, select employees from Zafin's
use cash to shop for goods online, simply and securely, professional services business will join Accenture's glob-
using a 16-digit PIN to complete the payment transac- al Financial Services practice, giving Accenture addition-
tion. It opens up significant possibilities for Google and al technical integration and development abilities that
online shopping for millions of consumers who were are expected to enhance its financial services offerings.
previously excluded – either because they don't have a The new relationship will further strengthen Accenture's
bank account or credit card, or don't want to enter their ability to help financial institutions modernize their
bank account details on the Internet, often for security legacy IT systems and enhance their digital services
reasons, Paysafe added. programs while enabling Zafin to continue its focus on
developing market-leading financial services software
solutions, Accenture said.

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