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IndustryUpdate

vision for the future of AI. Matrix is building a blockchain-based AI economy operational processes. Flywire is
based on the three pillars of AI – data, computational power, and algorithms," also the presenting sponsor of Team
said Owen Tao, Matrix AI Network's CEO. Transactions powered by Flywire, a
periodic report of Celtics' basketball
OTA finds cyber incidents cost $45 billion in 2018 transactions including free agent
signings, trades, and G League
The Internet Society's Online Trust Alliance released its Cyber Incident & assignments.
Breach Trends Report. Findings indicate the financial impact of ransomware
rose by 60 percent, losses from business email compromise doubled, and FortisPay secures Best Western
cryptojacking incidents more than tripled, all despite the fact that over- endorsement
all breaches and exposed records were down in 2018. Cybercriminals are
improving at monetizing their activities, with OTA estimating the more than Fortis Payment Systems LLC
2 million cyber incidents in 2018 resulted in over $45 billion in losses; the (FortisPay) is now Best Western
actual numbers are thought to be much higher, as many cyber incidents are International's endorsed merchant
never reported, researchers stated. services partner. Best Western stat-
ed this reflects its strategic move to
PARTNERSHIPS continue to offer superior payment
processing and merchant services
options for properties across the
Flywire an official partner of Boston Celtics nation. FortisPay noted that it has

Boston-based Flywire, which solves complex payment problems for busi- provided payment technologies to
nesses and institutions around the world, was named the official team businesses for nearly two decades,
transaction partner of the Boston Celtics. Flywire stated it has established predominantly focusing on the
its platform as the industry standard for complex, large-sum payments and lodging space.
receivables, offering both payers and receivers a transparent, convenient and Know Your Customer, Axiom
secure transaction experience while accelerating funds flow and streamlining
Prepaid expand
Following their collaboration begun
in early 2019, Know Your Customer
and Axiom Prepaid Holdings deep-
ened their relationship with an
expanded offering for high-profile
fintech organizations in additional
European markets. KYC stated it
provides a digital solution to global
clients across a variety of regulated
sectors to quickly and accurately
identify and verify companies and
individuals during client onboard-
ing to ensure that companies can
confidently conduct their KYC and
anti-money laundering functions.
APH is an independently owned
prepaid card issuing firm that
works with many of today's high-
profile fintech organizations world-
wide.

Paysafe's Rapid Transfer, Skrill
expand into US market
Global payments provider Paysafe
Group partnered with Skrill USA,
Inc., a digital payments provider
headquartered in Miami, Florida.
The deal is enabling Paysafe's
Rapid Transfer, an online bank-
ing payments service available in

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