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IndustryUpdate

ELFA reports on state of equipment finance process, drive revenue and lower cost to serve. Pairing
ACI Speedpay and Constant’s CX capabilities enhances
The equipment finance industry saw new business vol- the self-service experience for loan management, driving
ume increase 7.4 percent in 2021, a marked improvement greater digital engagement with customers, the partners
from a decline of 7 percent in 2020, according to the noted, adding that ACI Speedpay serves thousands of
2022 Survey of Equipment Finance Activity released by the billers in the United States.
Equipment Leasing and Finance Association. The study
was based on a comprehensive survey of 100 equipment Sage, MineralTree facilitate multi-currency invoices
finance companies, ELFA noted. Among respondents,
nearly 72 percent experienced an increase in volume in MineralTree, a Global Payments company, collabo-
2021, researchers found. rated with Sage to enable Sage Intacct users to process
multi-currency invoices and make international pay-
By market segment, they added, new business volume ments through the MineralTree TotalAP platform. These
dropped 1 percent in the large ticket segment and capabilities enable finance teams using Intacct to realize
increased 3.1 percent in middle ticket, while small ticket additional efficiency, visibility and cost savings benefits
surged with new business volume growth of 17 percent by leveraging a single, end-to-end workflow to process
year over year. and pay both domestic and foreign currency invoices,
the partners stated.
FIDO Alliance finds declining password usage
MineralTree TotalAP supports the full invoice-to-pay
FIDO Alliance published its second annual Online cycle, from automated capture and approval of foreign-
Authentication Barometer, which gathers insights into the currency invoices to execution of international payments
state of online authentication in 10 countries worldwide. in 130 currencies, they added.
This year, the alliance began tracking authentication in
the metaverse and plans to incorporate use of technolo- Token, Computop offer open banking payments
gies like passkeys in future reports.
Open banking payments platform Token and payment
Researchers found that entering passwords online has services provider Computop Paygate joined forces to pro-
dropped year over year by 5 to 9 percent across all major vide open banking payments in Europe. Using Token’s
use-cases tracked, including accessing financial services, open banking connectivity and platform, Computop
work computers and accounts, social media, streaming enables account-to-account payments for ecommerce
services, and smart home devices. Passwords remain the merchants, white-label partners and resellers using its
dominant form of online authentication, however, and Paygate platform, the partners stated.
cause major issues.
Token enablers open banking for the payments indus-
Gift subscriptions big business over holidays try, offering out-of-the-box connectivity in the UK and
Europe, providing a fast, simple way for PSPs, gateways
According to a new Recurly survey, this holiday season and acquirers to manage A2A payments. Computop is a
will be big for businesses with gift subscriptions, with 63 leading payment service provider in Germany with 38
percent of consumer respondents reporting they would percent market share and customers across Europe, the
consider giving subscriptions as a gift and 70 percent UK, China and United States, the partners noted.
interested in receiving gift subscriptions. Gen Z (73
percent) and millennials (72 percent) said they are inter- Visa, Thunes expand Visa Direct
ested in receiving gift subscriptions. Consumers like
receiving subscriptions as gifts because it allows them Visa and Thunes reported they partnered to help indi-
to experience something new (60 percent) and a variety viduals and small businesses move money internation-
of carefully selected options are offered (44 percent). ally to 78 digital wallet providers, reaching 1.5 billion
Streaming video (54 percent), gaming (39 percent) and digital wallets across 44 countries and territories. This
streaming audio (36 percent) are the top three subscrip- partnership expands Visa Direct’s reach to nearly 7
tion categories likely to be given as gifts. billion endpoints, including more than 3 billion cards,
over 2 billion accounts and 1.5 billion digital wallets, the
PARTNERSHIPS partners stated.

Consumers are not required to have a card or account
ACI Worldwide, Constant to modernize lending to load or receive funds directly to their digital wallet,
opening the potential for greater financial inclusion
Real-time payments software provider ACI Worldwide and enabling underserved populations opportunities to
and Constant, a provider of self-service loan manage- access financial products that meaningfully impact how
ment software, formed a partnership designed to enable they live and work, they added.
lenders to increase loan volumes, streamline collection

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