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IndustryUpdate

Researchers found that 30 percent of respondents are PARTNERSHIPS
concerned about BNPL data's potential effect on their
credit scores. Twenty-four percent said they owe a lot
of money in BNPL loans and fear they won’t be able to Agile Financial, Concerto Commerce team up
pay them off. Gen Z, at 28 percent, and Millennials, at 27 Agile Financial Systems, a fintech company offering
percent, expressed the most concern. payment solutions, partnered with Concerto Commerce

Digital payments can lead to overspending Inc., a provider of ecommerce software to merchants.
This partnership allows AFS to add a proven part-
To get a clear sense of how Americans are using digi- ner that complements its mission to capitalize on an
tal payment alternatives, the J.D. Power Banking and expansive payment marketplace and appeal to similar
Payments Intelligence team conducted a pulse survey ISV partners that can gain access to an efficient pay-
to evaluate user experiences with different services and ments technology solution, the partners stated. Adding
determine how the growth of these services is affecting Concerto Commerce to AFS’ portfolio of partners, they
overall financial health. noted, allows merchants to access a competitive advan-
tage in the payments and ecommerce marketplaces.
Researchers found that digital transactions are rising in
popularity—with credit and debit cards still leading the ISVPay, UCP to deliver payments to kiosks
way in overall utilization—while BNPL, mobile wallet ISVPay, a payment platform for ISVs, partnered with
and person-to-person payments are earning high cus- UCP, a hardware distributor and value-added reseller,
tomer satisfaction scores, particularly from younger cus- to provide a full-service unattended payment solution.
tomers. The research also found that digital transactions Self-service technologies with unattended payments
are making it easier for young customers to overspend. have become increasingly popular, largely because of

Sift releases Digital Trust & Safety Index the ease of convenience to the consumer’s purchasing
experience, and most kiosk manufacturers, ISVs and
Sift, a provider of digital trust and safety, released its Q2 VARs are required to manage multiple vendors in order
2022 Digital Trust & Safety Index, which revealed that 43 to provide a complete solution, the partners report-
percent of consumers have encountered scams encour- ed. Utilizing ISVPay's full-service unattended payment
aging them to join fake cryptocurrency exchanges. solution, businesses that deploy a self-service payment
Moreover, 22 percent of those who encountered these option will have a single provider for reporting, service,
scams reported that they lost money to them. support, and billing, they added.

The report examines the impact of fraudulent content SEON, Provenir team up to help fight fraud
based on Sift’s global network of over 34,000 sites and Provenir, a provider of an AI-powered decisioning
apps, as well as consumer perception of content fraud platform that can assess risk in areas like identity,
based on a survey of 1,100 U.S. consumers. The crypto- credit, and fraud, partnered with SEON to add SEON's
currency industry has been a prime target for exploita- technology to its marketplace ecosystem. The Provenir
tion despite its recent volatility, with cybercriminals Marketplace provides organizations with a one-stop
reportedly raking in $1 billion in cryptocurrency from data hub designed to make it easy to access informa-
January 2021 to March 2022, Sift stated. tion covering open banking, KYC/KYB, fraud, credit

Utimaco explores trust in a digital world risk, verifications, social media, collections, affordabil-
ity and more. This ecosystem brings together offerings
Utimaco, a leading global provider of IT security solu- from data vendors around the globe into one, easy-to-
tions, released Circles of Trust: How the UK Public Perceives use cloud solution for data consumption, the partners
Digital Risk, a white paper that uncovers how internet stated, adding that SEON’s GDPR-compliant system can
users in the UK, and their counterparts in Germany establish an individual’s digital footprint based on their
and Spain, perceive safety in the digital ecosystem. The email address, phone number, IP address or location in
report found that the majority of people are enthusias- real-time.
tic about digital services but are also deeply concerned
about their safety when using them. Vergent, CRS to empower data-driven decisions
Vergent LMS, a fintech lending platform, partnered
Seventy percent of survey respondents either worry a with CRS, a platform for credit, fraud and compliance
lot or a little about their security when using digital ser- needs. Their stated aim is to simplify compliance, unlock
vices; only 10 percent don’t worry at all. This presents more data and boost data-driven decisions for Vergent
a problem for digital service providers, whether they customers. CRS joins 25 years of credit industry exper-
are in the public or private sector, Utimaco stated. To tise with modern technology to power smart, scalable
download a copy of the report, visit utimaco.com/survey- lending, the partners said, adding that this partnership
how-trust-works-digital-world. will empower consumer lenders to make accurate, data-
driven decisions. CRS will provide Vergent clients with

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