Page 13 - GS221201

IndustryUpdate

All episodes are on Spotify, Stitcher, iTunes and the Merchant Sales COTS (SPoC) and PCI Contactless Payments on COTS
Podcast page at www.greensheet.com/podcasts.php. (CPoC) standards, which individually address secu-
rity requirements for solutions that enable merchants to
accept cardholder PINs or contactless payments using
a smartphone or other commercial off-the-shelf (COTS)
mobile device.

The PCI MPoC standard aims to provide increased
flexibility not only in how payments are accepted, but
in how COTS-based payment acceptance solutions can
be developed, deployed and maintained, the PCI SSC
stated.
PayZen completes $200 million raise

PayZen, a fintech tackling personalized, no-cost patient
financing solutions, raised a $220 million growth round
to strengthen its leadership position in the new category
of affordability financing. The round is composed of
$20 million in equity financing and a $200 million credit
facility, PayZen stated, adding that the oversubscribed
ANNOUNCEMENTS equity component was led by 7wireVentures, while
Viola Credit provided a $200 million warehouse credit
Boulevard joins 2022 Deloitte Tech Fast 500 facility.

Boulevard, a provider of a client experience platform This latest investment round reflects the significant
built for appointment-based, self-care businesses, was and rapidly accelerating industry demand for PayZen’s
named to the Deloitte Technology Fast 500 for 2022. Now affordability financing platform since it was introduced
in its 28th year, the list ranks the 500 fastest-growing last year, the company noted.
technology, media, telecommunications, life sciences,
fintech and energy tech companies in North America VizyPay ranks No. 209 on
based on percentage of fiscal year revenue growth from 2022 Deloitte Tech Fast 500
2018 to 2021. Making its first appearance on the list,
Boulevard ranked 54th overall with a nearly 3,200 per- VizyPay, a payment processing fintech, ranked No. 209
cent growth rate during that period. on the Deloitte Technology Fast 500. Focused on an
industry-disrupting approach to payments and simple,
Fime qualified to support EMV 3DS v2.3.1 robust fintech solutions,VizyPay grew 721 percent in less
than three years and expanded its headquarters team
Fime became one of the first Test Platform Providers to 89 full-time employees. Serving more than 12,000
to support EMV 3-D Secure (EMV 3DS) Access Control merchants across the country, the company said it is on
Server (ACS) testing in line with v2.3.1 of the EMV 3DS track to exceed $4 billion in total payments processed
specifications. Fime’s EMV 3DS Test Platform was quali- this year. VizyPay attributed its growth to its proprietary
fied and its labs accredited by EMVCo to help vendors payments technology solutions for small businesses.
and issuers ensure the compliance of their 3DS ACS
solutions. In other VizyPay news, Austin Mac Nab, VizyPay CEO,
was named Technology Association of Iowa’s 2022 CEO
These services, Fime stated, will help stakeholders align of the Year at the annual Prometheus Awards. The
with the latest version of the specifications, enhance awards, judged by a panel of distinguished leaders,
fraud prevention and improve the user authentica- unite innovators and leaders from technology, business,
tion journey, thereby reducing cart abandonment. Fime education and government organizations across Iowa to
achieved this qualification as part of EMVCo’s Early celebrate the year's most momentous achievements.
Adopter Program.
PCI SSC publishes Mobile Payments RESEARCH
on COTS standard
NCR: Financial institutions adopting ITMs
The PCI Security Standards Council (PCI SSC) published
a new standard to support the evolution of mobile pay- A ITM Sentiment Study conducted by Forrester
ment acceptance. PCI Mobile Payments on COTS (MPoC) Consulting on behalf of NCR Corp., surveyed 307 inter-
builds on the existing PCI Software-based PIN Entry on active teller decision-makers within North American

13