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IndustryUpdate

ANNOUNCEMENTS time, EMVCo stated, adding that the inclusion of ECC is
required to support new, future payment scenarios. "In
an EMV contact chip payment, the merchant point-of-
Deluxe CEO writes book to help SMBs sale terminal can cryptographically authenticate a card

Deluxe, a payments and business technol- and its data," the technical body said. "For this purpose,
ogy company, launched Small Business EMVCo has based its EMV Contact Chip Specifications
Revolution: How Owners and Entrepreneurs Can on RSA (Rivest-Shamir-Adleman) public key cryptogra-
Succeed, a new book written by Barry C. McCarthy, phy since its inception and intends to continue to sup-
Deluxe's president and CEO. Published by Wiley port this standard."
Publishers, the book is intended for small business own- F1 Payments named a top Texas employer
ers and entrepreneurs.
F1 Payments was named to the 2021 list of Best
It features stories from the company’s 106-year history, Companies to Work for in Texas, ranking No. 1 in
along with anecdotes from its Emmy-nominated TV the small companies category (15 to 99 employees)
show Small Business Revolution, a reality series created for the second consecutive year. Texas Monthly, the
to revitalize small businesses, one community at a time. Texas Association of Business, Texas Society of Human
McCarthy offers practical advice on reaching customers, Resource Management and the Best Companies Group
recruiting employees, understanding finances, and more. support the annual recognition of the 100 best places to
All book proceeds will benefit the Deluxe Corporation work in Texas.
Foundation, which has awarded nearly $110 million in
grants to strengthen American communities. Best Companies Group evaluates workplace policies,
systems, philosophies, practices and demographics of
dLocal expands in Asia, Central America nominees, along with survey responses measuring the
Technology-first payments platform dLocal expanded employee experience to determine winners and final
into three new countries in Asia and Central America: rankings.
Thailand, El Salvador and Guatemala, the company stat- GiftChill accepting crypto for e-gift cards
ed, noting that together, these three countries represent
a market of more than 93 million consumers and a total Online gift card store GiftChill now allows custom-
ecommerce revenue of $26 billion. Sumita Pandit, dLocal ers to use cryptocurrencies, including bitcoin, to buy
COO, said the One dLocal concept—one API, one plat- gift cards from more than 200 companies, including
form, and one contract—gives merchants access to inter- Amazon, Fortnite, V-bucks, Google Play, iTunes and
national and local credit and debit card brands, as well Nintendo Store. Customers using cryptocurrencies can
as to alternative payment methods such as e-wallets, benefit from secure payment, as well as weekly offers
bank transfers and cash-based transactions. that can help them get deals on a range of popular cards,
GiftChill stated. In addition to bitcoin, the site accepts
E-invoice Exchange Market to pilot US network bitcoin cash, ethereum and litecoin. All such transactions
The Business Payments Coalition formed the e-Invoice are handled through CoinBase, a platform for buying,
Exchange Market Pilot to create and test an e-invoice selling, and storing cryptocurrencies.
network among businesses in the United States. The
concept is based on two main pillars. "The first one is RESEARCH
messaging infrastructure. It uses a connection model
that enables businesses to exchange information in a GoCardless finds tis the season for BNPL
standardized way," the BPC said. "The second one is
the semantic model, which refers to the structure of the According to a GoCardless study, 42 percent of shoppers
information in the e-Invoice, which should be clear and it surveyed plan to use buy now, pay later (BNPL) dur-
legible for both parties and use a common language." ing the year-end holiday season; for millennials this rises
BPC added that it is working on these pillars in parallel to 60 percent. Clothing tops the list as the most popular
through working groups, and the market pilot will bring item for BNPL, chosen by 39 percent of respondents, fol-
their efforts together to establish the exchange structure. lowed by computers and laptops (33 percent) and game
consoles (32 percent). In addition, 32 percent of shoppers
EMVCo enhances contact chip security in the study revealed they would be willing to spend up

The EMV Contact Chip Specification, managed by global to $99 more if BNPL were available; 26 percent indicated
technical body EMVCo, now supports Elliptic Curve they would spend as much as $200 more. In what has
Cryptography (ECC). Use of this cryptography stan- been a hard year for everyone, GoCardless noted, 42
dard by the payment community can enable enhanced percent of respondents said they want to use BNPL this
security without impacting technical performance of holiday season to treat a loved one with something they
a payment device or slowing transaction processing could not usually afford.

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