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IndustryUpdate

ANNOUNCEMENTS Super Processor giving stock to merchants
Payment processing company Super Processor Inc.
ATMIA accepting ATMmy reported it launched its Merchant Appreciation Program
award entries through which it is giving its merchants up to $5 million
in company stock for free. To qualify to receive shares of
The ATM Industry Association is celebrating the promo- the company's common stock, merchants in the United
tion of cash and ATMs through the fifth annual ATMmys States need to process a minimum of $50,000 per month
Industry Marketing Awards. The ATMmys is an annual in credit card sales through Super Processor. Merchant
marketing awards competition presented by the ATMIA benefits include company ownership, enhanced custom-
International Marketing Forum and dedicated to recog- er service, ability to use existing POS technology, easy
nizing the hard work and creativity required to promote rate pricing, and state-of-the art online tools to manage
cash and ATM products and services to businesses and accounts effortlessly, efficiently and securely, the com-
consumers worldwide. Winners will be honored at the pany added.
2023 ATMIA US Conference, Feb. 7 to 9, 2023, in New
Orleans. Submissions for the competition must be placed VizyPay named a top workplace in Iowa
by Dec. 2, 2022. To enter, visit https://bit.ly/3fWehyh.
Payment processing company VizyPay, a payment
EMVCo updates EMV 3DS specifications processing company was named one of Iowa’s Top
Workplaces by Des Moines Register for the second
Global technical body EMVCo released an update to consecutive year. The company also received the Values
the EMV 3-D Secure (3DS) specifications to help issuers specialty award for its strong commitment to its three
and merchants combat growing card-not-present (CNP) pillars of culture, transparency and advocating for
fraud risks. EMV 3DS 2.3.1 builds on earlier versions of small business. The list is based on employee feedback
the specifications with new data elements and flows that gathered through a third-party survey administered by
streamline consumer authentication and enhance CNP Energage LLC. The anonymous survey measures 15 cul-
fraud prevention. ture drivers critical to the success of any organization,
including alignment, execution and connection. VizyPay
To maximize efficiencies and promote a seamless pay- was honored for its people-first workplace culture; the
ment experience, EMV 3DS 2.3.1 replaces EMV 3DS executive team fosters an upbeat, fun environment with
2.3.0. Key enhancements include new data elements to authenticity, transparency and accountability built into
support Secure Payment Confirmation, new data ele- every interaction, the survey found.
ments for out-of-band authentication, user interface
enhancements, and new data elements and flows for
the challenge process. In other EMVCo news, the body RESEARCH
published a new specification to support the evolu-
tion of contactless and mobile payments and simplify BaaS providers cause fintech losses
global acceptance for merchants, solution providers and
payment systems. Version 1 of the EMV Contactless Aite-Novarica Group released a study, commissioned by
Kernel Specification was developed in collaboration ClearBank, that reveals one in five fintechs are losing $11
with EMVCo Associates and approved for release by the million per year in product delays due to Banking-as-
EMVCo Board of Advisors. a-Service (BaaS) providers. The report Confusion, cost,
and compliance: The bifurcation of BaaS and Embedded
PayTech Women honors 37 Banking revealed fintechs are increasingly reliant on
award winners, nominees BaaS providers to speed time to market, boost revenues
and meet compliance demands. However, as fintechs
PayTech Women, formerly Wnet, a nonprofit organiza- scale and offer more complex services, BaaS providers
tion helping women rise in the payments and fintech are struggling to keep up. Among key findings: BaaS is
industries, recognized the winners and nominees of the now used by 82 percent of fintechs, with BaaS-related
2022 Wnet Awards at the 15th annual Wnet Leadership services representing, on average, 45 percent of a fin-
Summit, presented by FIS, on Sept. 27, 2022, in Atlanta. tech’s overall revenue; and 76 percent of fintechs identi-
The awards program is designed to encourage and fied domestic accounts and payments as primary BaaS
honor significant contributions that support PayTech uses.
Women’s mission and values.
Finastra sees progress
The awards recognize members who demonstrate excel- in open finance
lence in engaging, influencing and championing diver-
sity in the industry and in their own companies. For the London-based Finastra offered a sneak peek at its annual
list of winners and nominees in eleven award categories, State of the Nation Financial Services research. Results,
visit https://bit.ly/3VkuMo9. the company stated, point to the significant progress the
industry has made around open finance and collabora-

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