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IndustryUpdate

Fed joins Faster Payments Council payments using credit and debit cards as an alternative
funding option. "iPay CardPay enables Jack Henry banks
The Federal Reserve System joined the U.S. Faster and credit unions to offer an expanded, relevant bill pay
Payments Council as a founding sponsor. "Our payment experience based on users' preferences for convenience
system is a vital part of America's infrastructure that and instant 'pay now' gratification, and on their desire
touches everyone," said Esther George, president and to optimize card benefits such as rewards," Jack Henry
CEO at the Federal Reserve Bank of Kansas City and stated.
sponsor of the Federal Reserve's payments improve-
ment initiative. "We can collectively achieve safe, widely Token to spin off digital money solution Token X
available faster payments capabilities that will benefit
all by working together with the U.S. Faster Payments Open banking platform provider token.io formed M10
Council and other payments stakeholders." The FPC Networks, a new spin-off company focused on develop-
and its members seek to facilitate faster payments in the ing digital money solutions. M10 had been incubating
United States, enabling Americans to securely pay any- under the Token X moniker. Token said will continue
one, anywhere, at any time with near-immediate funds to consolidate its leadership in open banking infra-
availability, the FPC added. structure, where its popular market platform enables
developers and banks to create innovative and trusted
Jack Henry adds near real-time, financial experiences through enhanced connectivity to
card-funded bill pay global banking. M10 will focus on building out a bank-
grade digital money rail designed to enable multina-
Jack Henry & Associates Inc.'s JHA Payment Solutions tional banks to perform international money transfers,
group introduced iPay CardPay, an enhancement to its settlements and remittances instantly and at a low cost.
consumer bill pay product designed to allow financial
institutions to provide near-real-time, card-funded bill RESEARCH

Juniper projects 2 billion digital international
money transfers by 2024

Juniper Research's Digital International Money
We’re More Than an Authorization Transfer: Key Trends, Player Innovation & Market

We’re The Best Solution For You and Your Merchants Forecasts 2019-2014 report revealed that both online
and mobile channels are achieving strong growth,
with fintech disruptors and market incumbents
rapidly gaining traffic. The research also provides
a detailed evaluation of the international digital
money transfer market and identifies best practices
for optimal service deployments. Exploring key
trends shaping the evolution of the international
remittances market from 2019 through 2024, this
RETAIL/POS DEVELOPERS
research identifies growth opportunities, analyzes
key player capabilities and provides in-depth fore-
eCOMMERCE
casts for a range of key metrics.
Huge growth in European
cross-border shopping
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PPRO released its European-wide shopping rank-
Plus ePN offers customized, versatile services ings. Figures from PPRO and Edgar Dunn & Co.
to help you support your business show a combined 90 percent growth in 2018 cross-
border shopping, according to PPRO's annual
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Payment Almanac. Individually, Hungary came out
Through our ePN Partnership, ISOs/MSPs will experience: on top with 11 percent growth from 2017 to 2018
• No fee, lead distribution among local consumers shopping cross-border; it
• FREE online documentation, development test account, and sample code for was closely followed by Denmark and Sweden,
experienced developers which each boasted a 9 percent growth year-on-
• FREE brandable marketing materials through our Reseller Support Center year, researchers noted. Britain lags behind with
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