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IndustryUpdate

app. This follows notable award wins in 2020
such as placing on the Inc. 500 list of fastest-
growing private companies, Forbes Fintech 50
and Deloitte's Technology Fast 500.

Finastra honors hackathon winners

Finastra selected Bloinx as the winner of its Hack
to the Future 3 hackathon. First and second run-
ner ups were tinch and Qualify, respectively.
Launched to help build an unbiased fintech
future, the event saw over 600 participants from
more than 50 countries, including Antarctica.
ANNOUNCEMENTS Prizes for first, second and third place winners,
as well as included cash, as well as incuba-
tion and internship opportunities. Bloinx is a
Fattmerchant rebrands as Stax decentralized application using blockchain tech-
nology to help build savings communities by
Fattmerchant, a fintech provider of integrated payment tech- operating as a ROSCA (rotating credit and sav-
nology, stated it changed its name to Stax to mirror its growth ings association). ROSCAs enable people with
and transformation from an innovative payments company to lack of financial knowledge and access to credit
a leading technology and solutions provider in the financial cards and bank loans to obtain money quickly
space. The rebranding also includes a user interface overhaul of through a money-pooling fund.
its desktop app and introduction of a new version of the mobile
GoCardless launches open
banking payments

GoCardless, a fintech for bank-to-bank pay-
ments, launched Instant Bank Pay, a new open
banking feature directly integrated into its glob-
Payment Solutions al payment platform. With Instant Bank Pay, Not All Portfolio Buyers
merchants can take instant, one-off bank-to-
For App Developers bank payments from new and existing custom- Are Created Equal.
ers while still reaping the benefits of bank debit
for their recurring payments, the company stat-
ed, adding that this marks the first milestone in
eProcessing Network provides GoCardless' journey to accelerate its open bank- The in dustry's trusted portfolio
payment solutions that intergrate ing strategy, for which it received $95 million in purchaser sin ce 2006
funding at the end of 2020.
directly into web pages, shopping
carts, third-party software, NFC Forum releases mobile No new accounts requir ed – no
and mobile apps for both iOS security, crypto specs min im ums – no penaltie s
and Android. The NFC Forum, the global standards body for
Near Field Communication (NFC) technology, Keep your merchants wit h your
ePN’s FREE Developer released two specifications that offer cryptol- ISO – no convertin g - no movin g
Support Center provides ogy security for NFC. The new NFC specifica-
online documentation, tions provide security for NFC-enabled mobile - no sellin g your merchants
sample code, and support devices by using a cryptographic framework to Our skil led support team can take
enable development of secure NFC applications
for registered developers. protecting the confidentiality and the privacy of
NFC communications, the forum stated, adding over servic in g your merchants
ePN has payment options to fit all of that the specifications can be used to improve Full or Partia l Buyouts
your merchant’s needs the security of applications involving smart- Quic k Closures - Flexi le Deals -
phones, among many other uses.
(800) 296-4810 Paysafe certified as CarbonNeutral Honest Valuatio ns
eProcessingNetwork.com
Specialized payments platform Paysafe attained
© eProcessing Network, LLC. All Rights Reserved. All trademarks are the property of their respective holders. carbon neutral company status for 2021 and

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