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IndustryUpdate

ANNOUNCEMENTS The Real-Time Recurring Work Group will promote the
development and adoption of real-time recurring pay-
IRIS CRM releases Fiserv ment solutions to be used by business end users and
reporting for payfacs financial institutions.

IRIS CRM released a new integration, Fiserv Reporting RESEARCH
for Payment Facilitators. Payment facilitators can now
view their Fiserv portfolio’s deposits, adjustments, mer- Bitcoin ATM penetration per person surges
chant account information, retrievals and chargebacks
from within their IRIS CRM site. Now payment facilita- Data presented by cryptocurrency trading simulator
tors can analyze Fiserv reporting data in conjunction Crypto Parrot revealed that as of February 2021, the
with their other portfolio-wide metrics in order to make number of bitcoin ATMs worldwide had grown by
the best decisions for their business, the company stated. 129.48 percent in the last 12 months, from 6,759 to 15,511.

NBP adds two new vendors As of February 2019, the number of bitcoin ATMs glob-
ally was 4,284, a growth of 92.36 percent from a similar
National Benefit Programs added Avis and Budget car period in 2018 when the ATMs were at 2,227. Crypto
rental companies to its vendor program. NBP prides Parrot's findings further revealed that as of February
itself on empowering ISOs, acquirers and payment pro- 2021, based on a global population of 7.8 billion, one
cessors to increase value since 2009. NBP offers savings bitcoin ATM would serve 505,856 people.
on products and services its clients' customers use daily Digital tools have potential to drive loyalty
and actively pursues new vendors to meet ever-growing
market needs. As NBP vendors, Avis and Budget offer A new Mobiquity report highlights how banks can
discounts of up to 25 percent. employ digital tools to engender loyalty among existing
PCI Secure Software Lifecycle v1.1 released customers and help convince competitors' customers to
switch banking providers. According to Mobiquity, 46
The PCI Security Standards Council (PCI SSC) published percent of respondents in the study under 55 years old
version 1.1 of the PCI Secure Software Lifecycle (SLC) indicated they would switch banks to get better digital
Standard and its supporting program documentation. features compared to only 27 percent of those 55 and
The PCI Secure SLC Standard is one of two standards older. Reading positive reviews also had a higher impact
that are part of the PCI Software Security Framework. (54 percent) on those under 55 years old in considering
It provides security requirements and assessment pro- switching banks, compared to 32 percent of those 55 and
cedures for software vendors to integrate into their soft- older.
ware development lifecycles and to validate that secure
lifecycle management practices are in place, the council PARTNERSHIPS
reported.
Spence grows payment platform for cannabis CSI, Bank of the West join forces

Spence Labs said it introduced several cannabis industry Corporate Spending Innovations, a provider of elec-
firsts while expanding its suite of payment solutions. tronic B2B payment solutions, said it teamed up with
These include a new white-label service; a seed-to-sale Bank of the West, a subsidiary of BNP Paribas, to launch
B2B payment platform; and Enjoy Now, Pay Later, a POS V-PAYO, an evolution of their ePayables products and
financing solution for consumers. Spence's core product services that provides a unique payment experience for
is the innovative Spence payment platform, which lets commercial customers and their vendors. This product
dispensary customers pay for cannabis purchases with offers clients greater automation, process efficiency, and
their mobile phones or online, eliminating the need to digitization through an integrated payables experience
carry cash or visit an ATM inside the dispensary. utilizing a virtual card optimization process for B2B
payments, the partners noted, adding that virtual cards
U.S. FPC launches new work groups replace paper checks, making them more effective than
traditional ACH.
The U.S. Faster Payments Council, a membership orga-
nization devoted to advancing faster payments in the Century, Kreischer Miller form partnership
United States, launched two new FPC Work Groups:
Financial Inclusion and Real-Time Recurring. The new- Century Business Solutions partnered with Kreischer
est work groups are in addition to the FPC’s wide range Miller, an accounting, tax and business advisory firm,
of work streams on faster payments topics such as edu- to allow credit card processing directly within Microsoft
cation and awareness, cross border payments, fraud, QR Dynamics Business Central and Microsoft Dynamics
codes, regulatory, and directory models. The Financial GP. Century's development team built a payments
Inclusion Work Group will create a blueprint for lever- integration for Microsoft Dynamics that uses Century’s
aging faster payments to accelerate access to the finan- proprietary payment gateway, EBizCharge, to provide
cial system for unbanked and underserved Americans. credit card processing for merchants across the country.

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