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IndustryUpdate

continents, the company stated, adding that U.S. custom- Side-hustlers need better payment solutions
ers can continue to split purchases into four interest-free
installments, making use of the same flexible payment VibePay, which powers account-to-account payments
options, now with a bold new Zip look. between consumers, friends and businesses, found that
the side-hustle's popularity has grown rapidly since the
RESEARCH start of the pandemic: 23 percent of adults in the study
are earning additional income through a side-business;
55 percent of those were Gen Z (aged 18-23), followed by
ATMIA updates next-gen business case matrix 36 percent in Gen Y (aged 24-38) and 22 percent Gen Xers
(aged 39-54). Thirty-two percent revealed they would
The ATM Industry Association published the second financially struggle without this additional income; 57
edition of its Next Gen Business Case Matrix, increasing percent stated it was difficult to take and track pay-
the number of opportunities presented by the Next Gen ments, with many current solutions causing delays and
ATM ecosystem for either cost-savings or new revenue enforcing significant transaction fees, VibePay noted.
streams from 44 to 47. The Matrix presents the business
case for each stakeholder segment of the ATM indus- PARTNERSHIPS
try, providing budget worksheets for calculating the
potential return on investment that can be achieved by
embracing this new API APP model for ATMs. CipherTrace, BAE partner on crypto intel
The expanded document incorporates several additional CipherTrace and BAE Systems Applied Intelligence are
features: a new overview of Next Gen, additional posi- integrating CipherTrace's cryptocurrency intelligence
tive Next Gen revenue impact, updated revenue scatter software and transaction risk rating with BAE System's
diagram, expanded stakeholder worksheets, and revised NetReveal transaction monitoring. The combination
conclusion section that includes lessons learned from the offers financial institutions additional protection from
COVID-19 pandemic. cryptocurrency laundering risks and crypto-related
threats, while providing detailed information that can
Demand for challenger banks soaring be used to achieve regulatory compliance, the partners
stated. The BAE Systems and CipherTrace alliance pro-
According to ABI Research, growing demand for cus- vides accurate, defensible cryptocurrency intelligence
tomer convenience, flexibility, 24/7 accessibility and to prevent cybercrime and ransomware attacks, they
instantaneous service demand has led to the rise in added.
transformative neobanks and challenger banks looking
to disrupt the status quo. By embracing a digital-first Cybereason, Cyderes tackle
approach, neo/challenger banks have used innovation managed detection, response
to streamline processes and scale added-value service
launches, enabling new levels of convenience and flex- Cybereason, a specialist in operation-centric attack pro-
ibility, researchers found. Neo and challenger banks will tection, and Cyderes, the security-as-a-service division of
continue this trajectory, with the user base for the top Fishtech Group, formed a strategic partnership to bring
57 neo and challenger banks expanding their number enhanced security detection and response to current
of accounts from 155 million in 2020 to 590.6 million in and future managed security customers. Cybereason
2026, ABI noted. recently launched The Cybereason Defender's League, a
global partner community designed to reward partners
Full-service restaurant transaction volumes up such as Cyderes by increasing their margins and profit-
ability. Cyderes and Cybereason's joint customers will
TableSafe Inc., a provider of pay-at-the-table technology benefit from the Cybereason Defense Platform, which
for the hospitality industry, shared insight into customer combines endpoint detection and response and next-
payment transaction data indicating that the recovery of gen anti-virus, and proactive threat hunting platform to
the full-service restaurant industry continued in the sec- reduce cyber risks; Cyderes' award-winning MDR solu-
ond quarter of 2021. TableSafe's data, gathered from full- tion, market reach and expertise will enable end users
service restaurants across the United States, revealed to be better prepared to deal with 24/7 cyber risks, the
that customer transaction volume increased 47 percent partners stated.
over the first quarter of 2021.
Fly Now Pay Later, ChargeAfter team up on travel
Additionally, transaction revenue increased 55 per-
cent from the first quarter of the year. TableSafe noted Fly Now Pay Later, which offers a flexible way to finance
that its data aligns with a recent National Restaurant travel, partnered with ChargeAfter, a global network of
Association report stating that sales at eating and drink- personalized buy now pay later (BNPL) and POS financ-
ing places rose in June, with total sales reaching $70.6 ing for merchants. The ChargeAfter BNPL network
billion on a seasonally adjusted basis. connects retailers and lenders to offer consumers per-
sonalized POS financing options during shopping and

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