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IndustryUpdate

When it comes to specific wallets, SadaPay (Pakistan), PARTNERSHIPS
MercadoPay (Brazil) and PicPay (Brazil) are predicted
to be the fastest growing mobile wallets in the next four
years. ClearSale, Bold Commerce team up

SMBs in UK bouncing back post-COVID Global fraud protection provider ClearSale partnered
with ecommerce solutions provider Bold Commerce.
A survey by Capify found the UK's small to midsize The partnership combines the benefits of the Bold
businesses (SMBs) are bouncing back strongly as coro- Checkout solution with the ClearSale platform to pro-
navirus restrictions continue to ease. Forty-five percent vide seamless access to world-class fraud detection and
of approximately 250 SMBs surveyed in the summer the largest team of specialized fraud analysts in the
of 20201 said they had hit or surpassed pre-COVID industry, ClearSale stated, adding that the solution will
levels of transactions, a further 26 percent expected to be available as an integration for Bold Checkout, the
return within one year, and 48 percent of businesses had commerce platform's customizable, extensible checkout
adapted their business models in some way to survive framework. Bold Checkout's feature set also includes
during lockdown. localized shopping experiences, multilingual checkout,
address validation and flexible payment options.
The results also show businesses are turning to alterna-
tive lenders and traditional banks for financing in equal Factor4, SavorConnect launch
numbers, Capify reported. Omnichannel gift cards on Shopify

FitForCommerce releases Omnichannel Retail Index Factor4 LLC, a provider of gift card and loyalty solu-
tions, partnered with SavorConnect, a cloud-based inte-
FitForCommerce released the 2021 Omnichannel Retail gration platform, to launch omnichannel gift cards
Index findings in partnership with the National Retail (usable online, in-store and via mobile devices) on
Federation. The index examines how 100 retailers and Shopify. "We believe this is the first omnichannel gift
brands from 13 verticals perform across more than 250 card on Shopify that allows merchants to choose their
digital and in-store criteria. As the COVID-19 pandemic payment partner," said Dan Battista, Factor4's CEO.
persists and consumer habits take new shape, retailers "Factor4 integrates with over 100 payment processors."
continue to rely on digital and omnichannel capabili- Today's consumers want to use gift cards in stores and
ties to remain open, researchers found, adding that the on mobile platforms as well as via websites which they
pandemic forced retailers and brands to double down can do at infinite locations because of Factor4's partner-
on critical functionality such as BOPIS, curbside pickup ship with SavorConnect, Factor4 added.
and inventory availability. Researchers also noted an
increase in adoption of digital and omnichannel best Futurex, Verifone expand remote key loading
practices from 54 percent in 2019 to 62 percent this year. Futurex, which specializes in hardened, enterprise-
IoT transactions continue class data security solutions, introduced an encrypted
growth in U.S. households key loading solution in collaboration with Verifone, a
provider of payment and commerce solutions. Remote
Mercator Advisory Group released a report cover- key loading that leverages encrypted key loading is an
ing IoT transactions and payments titled Internet essential part of managing POS terminals and PIN pad
of Things Technology and Consumer Devices: Machine devices. This technology securely delivers encryption
Triggered Payments Continue Growth in U.S. Households. keys wherever they are and fulfills PCI PIN 3.x and PCI
The research explains the current market, discusses the P2PE requirements, the partners stated, adding that they
driving factors that influence rate of adoptions, and have worked together to provide encrypted key loading
describes how stakeholders can gain a foothold in this functionality for more than a decade. With on-premises
burgeoning ecosystem, Mercator stated. and cloud deployment models, Futurex's latest genera-
tion of this technology takes the solution's sophistication
The report covers how consumers pay for subscription and versatility to new heights, they added.
models, leveraging that data to infer how IoT payments
have a market-entry template for U.S. households. Repay, Veem enter strategic partnership
Mercator also provides analysis of developments in the Repay Holdings Corp., which offers vertically integrated
smart/IoT consumer device sector, as well as data on VC payment solutions, entered into a commercial partner-
investments in IoT technology. ship agreement with Veem to expand each party's B2B
payment capabilities. With the agreement, Repay said,
it will expand its ability to deliver cross-border pay-
ment options, and Veem will broaden its capabilities by
leveraging Repay's core B2B virtual card and acquiring

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