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IndustryUpdate

makes it easier for blockchain users to access and process integrated POS solutions designed for golf course own-
transactions by importing virtual assets stored on select ers and operators. This partnership allows golf course
cold hardware wallets to the Samsung Blockchain Wallet owners to securely deliver digital convenience to their
available on most Galaxy smartphones, the company members and guests while also simplifying business
said, adding that support for hardware wallets provides operations, the partners stated.
Galaxy blockchain with a consistent user experience of
managing crypto assets from one convenient location. Solutions will focus on online reservations, equipment
rental and clubhouse sales; inventory management; cus-
RESEARCH tomized reporting; and cardholder security and PCI
compliance.

Growth in open-loop, contactless EMV cards All-in-one banking, payments app debuts
According to ABI Research, the number of open-loop Fintech MovoCash Inc. launched an on-demand mobile
EMV cards in ticketing use will increase worldwide banking app with end-to-end contactless payments in
from 24.8 million to 136.9 million by 2025. With contact- partnership with Mastercard and Coastal Community
less payment acceptance and transactions in all markets Bank. MOVO's patented HyperBIN technology uses
experiencing a sharp upturn during COVID-19, approxi- digital tokens to manage the convergence of traditional
mately 150 large cities are looking to adopt EMV as banking solutions with mobile payments, blockchain,
another contactless payment method, which will coexist distributed ledger, cryptographic and AI technologies,
with existing proprietary solutions, researchers noted. MovoCash stated, adding that HyperBIN delivers real-
The United States will experience a significant increase in time bank accounts and debit cards, which includes
such cards in ticketing use, increasing from 1 million in instant delivery, issuance, activation, secure and settled
2020 to 13 million banking, merchant payment and P2P transactions.
POS transaction volumes to exceed $17.3 trillion PayCertify adds payfac functions with Stax

A new study by Juniper Research found the total value Through a new partnership with Stax by Fattmerchant,
of transactions processed by POS terminals will exceed PayCertify gained payment facilitator functions without
$17.3 trillion in 2026, up from $14.8 trillion in 2021. The the inherent risk associated with becoming a payfac,
growth is driven by an evolving landscape in which cash the partners stated. Using Stax Connect functionalities,
plays a reduced role, researchers stated. The report, POS PayCertify now offers a faster signup process for net-new
Terminals ~ Changing the Payments Experience, found that and existing customers, enabling speedier acceptance of
POS vendors must support omnichannel retail business payments compared to traditional ISO underwriting pro-
models and be prepared to compete with alternative pay- cedures, and PayCertify's customers can now get paid an
ment methods such as QR code payments. Download the average of 48 hours faster with features such as payment
free white paper at www.juniperresearch.com/whitepapers/ link invoices, cards-on-file and pre-authorizations of pay-
pos-terminals-changing-the-payments-experience. ments, they added.

Late payments may impede recovery Paysafe teams up with TripGift, REPAY

A new survey by Melio and YouGov found that most Paysafe partnered with global travel booking and gift
U.S. small businesses have net 30 payment terms, but a card redemption platform TripGift. The collaboration
majority experience late payments well past the due date, will allow customers in 30 countries, including most of
with 25 percent having to wait between 20 and 30 days Europe, Australia, Canada, Mexico and New Zealand,
past the due date. Forty-seven percent of respondents to pay for travel and e-learning gift experiences using
said late payments by large firms have gotten worse the online cash solution paysafecard, the partners noted.
due to COVID-19, and 30 percent believe late payments Customers who are cash reliant will now have convenient
are affecting their ability to keep their businesses open. access to more than 1.5 million local and international
According to the 2021 US Small Business Credit Survey travel experiences and e-learning courses in over 30 coun-
by Federal Reserve Banks, most 78 percent of small busi- tries and 12 currencies, the partners added.
nesses reported declines in revenues; 46 percent reduced
their workforce during 2020. Additionally, Paysafe partnered with REPAY to enable
REPAY merchants to accept cash payments at over 60,000
PARTNERSHIPS Paysafe retail-partner locations, including major conve-
nience stores, dollar stores, and pharmacies across the
United States. Leveraging Paysafe's Paysafecash online
First America, ReadyFore team up cash, or eCash, solution, these cash transactions are

Payment technology company First American Payment recorded as real-time payments, adding greater con-
Systems partnered with ReadyFore Software to supply venience to payers and expanding the capabilities of
lenders and B2C companies to meet customer payment
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