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IndustryUpdate

RESEARCH PARTNERSHIPS

EPA offers authentication guidance BlueSnap a Nacha Preferred Partner

Due to the increased threat of fraud, money launder- BlueSnap is now a Nacha Preferred Partner for Digital
ing and financing terrorism, the Emerging Payments Commerce and Business-to-Business Payments. In
Association published new guidance on digital iden- becoming a Preferred Partner, BlueSnap joins a select
tification and authentication to help combat financial group of innovators recognized for offering products
crime. The EPA's Guidebook to Digital Identification and and services that increase or enhance the use of secure
Authentication calls for robust identification and authen- ACH payments, information and messaging by financial
tication processes to be employed in the financial ser- institutions and end-user entities, Nacha stated. "As the
vices industry. "Financial crime is a global problem with modern ACH Network thrives, we look for Preferred
organized crime transcending geographic boundaries," Partners with solutions that help advance the Network,"
the EPA stated. "This guidance explains how specific said Jane Larimer, Nacha president and CEO.
identification requirements and standards vary on a
national, international and regional level, citing AML Jetz Service, PayRange deploy
regulations and directives." mPOS laundry service
Uncertainty drives increase in mobile banking PayRange Inc., a network for everyday purchases, and
Jetz Service Co., a laundry service and equipment
MX, a digital transformation platform for banks, credit provider operating in 18 Midwestern states, signed an
unions and fintechs, released new research on con- agreement to provide PayRange mobile payment accep-
sumer spending trends and mobile banking adoption, tance across the entire fleet of PayRange compatible
amid increased economic uncertainty and anxiety over machines. Previously PayRange was available in only
COVID-19. For instance, MX data shows that mobile 60 percent of Jetz's machines. The economic fallout from
banking engagement has increased by more than 50 the COVID-19 pandemic motivated Jetz to accelerate
percent since December, and the amount that consum- plans to enable its remaining machines to accept mobile
ers are putting toward paying off their credit cards payment; laundry is an essential service, but consumers
decreased by more than 25 percent, as consumers look who are spending most time in their homes are finding
to safeguard finances and increase emergency funds, it increasingly difficult to find change for laundry, the
researchers noted. partners stated.
ReportLinker offers advice SiriusIQ, RackWare to boost
on adapting to pandemic Microsoft Azure adoption
A report titled Financial Services: Adapting to the SiriusIQ, a platform for orchestration and automation of
Coronavirus (COVID-19) Outbreak provides an early digital labor, is collaborating with RackWare, a provider
assessment of the impact of the COVID-19 outbreak on of automated, intelligent hybrid cloud management
the retail banking, payments, wealth management and that extends across physical and virtual environments.
the insurance sectors. The report identifies which retail SiriusIQ integrated and embedded RackWare within
banking markets will be hit hardest by the pandemic; its Cloud Correct solution for rapid adoption of the
details how banks are reacting to the outbreak across Microsoft Azure cloud platform. Cloud Correct now
different markets; identifies which payment compa- provides organizations the ability to leverage the power
nies have the most exposure to POS terminals versus and flexibility of Microsoft Azure services in days,
ecommerce; and more, ReportLinker noted. The report RackWare stated.
is available at www.reportlinker.com/p05879469/?utm_
source=PRN. ACQUISITIONS

U.S. Payments Forum issues
white paper on EMV 3DS Blackhawk Network acquires SVM Cards

The U.S. Payments Forum released a white paper to pro- Blackhawk Network completed its acquisition of SVM
vide a primer on the EMV 3-D Secure (3DS) protocol, its Cards, a provider of physical and digital open- and
features, and the data and transaction process. EMV 3DS closed-loop prepaid cards. The acquisition broadens
has been a prominent topic in the card-not-present pay- Blackhawk's prepaid and gift card offerings by adding
ments space as a solution for authenticating consumers issuance of closed-loop cards, including several lead-
during transactions, according to the forum. The white ing fuel and other brands to its U.S. catalogs, as well as
paper, EMV 3-D Secure, is available at www.uspayments- continuing to expand Blackhawk's significant incentives
forum.org/emv-3-d-secure/. and B2B gift card services, Blackhawk stated.

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