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IndustryUpdate
ping Preview report. Based on responses from more ety of form factors, the partners stated. Evolve will
than 3,000 consumers, the report projects shopper also launch the Mastercard Cash Pick-Up program,
holiday gift card spend will increase 7 percent com- which allows consumers to withdraw cash from par-
pared to 2018, with shoppers expected to spend about ticipating ATMs without the use of physical cards.
35 percent of their total holiday gifting budget on Maverick Payments,
gift cards. This is consistent with holiday wish lists, Avidia Bank team up
as gift cards are enjoying a more than decade-long
reign as the most requested holiday gift in the annual Payment processor Maverick Payments partnered
survey by the National Retail Federation, researchers with Avidia Bank on instant merchant settlement,
found. stating that their instant merchant settlement service
allows businesses to receive deposits from card sales
Shoppers willing to try new technology
within a few seconds after batching, with no delay in
Growth of online and mobile digital options is driv- payment on weekends or bank holidays. "We are very
ing demand for increased digital capabilities bundled excited for the release of our new relationship with
with personalization in the store, BRP researchers Avidia," said Ben Griefer, chief operating officer at
found. "The physical and digital worlds will continue Maverick. "We are heavily invested in being a tech-
to be intertwined as we look to the future of retail," nologic leader in the payments space. It is vital for
said Perry Kramer, senior vice president at BRP. our sponsoring bank to also be on the same level in
"Customers want the sensory experience and ability terms of technology development."
to personally interact with a knowledgeable associ- SmartSoft, Digital Element partner
ate generally available in the physical world, married on fraud prevention
with the unique and personalized shopping experi-
ence common in the digital world." Digital Element, a geolocation data and services pro-
vider, said SmartSoft will incorporate its NetAcuity
Convenience top of mind for consumers IP datasets to enhance solutions developed for pre-
PSCU's annual Eye on Payments study revealed that vention of fraud, money laundering and risk within
when making purchasing decisions in 2018, consum- the Latin American financial industry. SmartSoft's
ers were most motivated by convenience and safety, Sentinel platform protects the assets of more than 100
but in 2019, convenience and ease of use were re- million account holders throughout Latin America
ported as the main drivers behind consumers' choice with advanced fraud-prevention and anti-money laun-
in payment method, besting security concerns. PSCU dering solutions. NetAcuity Edge is a global hyperlo-
also observed an increased preference for debit cards, cal IP geolocation offering that provides increased
including for online channels and in-app payments, as accuracy at city/town and ZIP/postcode levels, ac-
consumers across generations appear to be selecting cording to Digital Element.
budget-friendly options over accumulating credit card
debt. ACQUISITION
PARTNERSHIPS NXGEN, Payscape acquire BluePay Canada
NXGEN International and Payscape, two payment
Evolve Bank works with i2c
companies recently backed by Parthenon Capital,
i2c Inc., a provider of digital banking and payment heralded their latest acquisition, BluePay Canada.
processing technology and infrastructure, partnered Together, the combined companies of NXGEN,
with Evolve Bank & Trust to offer a full suite of cus- Payscape and BluePay Canada form a new financial
tomizable credit, debit, prepaid and DDA products. technology company that operates in 46 countries
By teaming with i2c, Evolve will now provide its and processes more $13 billion in payment volume
largely fintech customers the ability to custom-build annually for over 25,000 merchants, the partners
unique banking and payment products across a vari- stated. BluePay Canada adds a proprietary, full-stack
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