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IndustryUpdate

retail banking, including some NCR customers, and Vendo already employed ACI Secure eCommerce to
1,213 American bank and credit union customers. Key offer ecommerce capabilities to its merchant custom-
findings include: 40 percent of participants indicated ers. This new capability is made possible through ACI’s
customer demands for additional service hours are a strategic relationship with RocketFuel Blockchain Inc.,
main pain point driving adoption of ITMs; 78 percent a provider of payment solutions for bitcoin and other
of customers reported that when they visit a branch to cryptocurrencies, ACI noted.
conduct a transaction with an in-person teller, transac-
tion accuracy is most important;; 70 percent of custom- Avassa, Axiomatics offer authorization for edge envi-
ers used an ITM because it was faster than an in-person ronments Avassa, a Swedish edge application orchestra-
teller, financial institutions were closed, it was the clos- tion platform provider, and Axiomatics, a provider of
est option or people wanted to socially distance. next-generation authorization, partnered to provide a
secure, efficient solution for managing authorization in
Paysafe details online checkout issues edge environments. Many companies and organizations
design their authorization strategy according to a zero-
Most online small and midsize businesses rely on trust philosophy where policy granularity and control
seasonal business to keep them afloat, but 52 percent are key; when those policies are distributed across a
indicated they have experienced checkout issues dur- large number of locations — at the edge — management
ing surge shopping periods, up from 43 percent in 2021, of policies tends to become complex, the partners stated,
according to new research commissioned by specialized adding that through this partnership, policy orchestra-
payments platform Paysafe. tion at the edge becomes easy and allows companies to
seamlessly extend their zero-trust approach.
Thirty-one percent of businesses that have experienced
surge-related issues with their checkouts lost upward ClearBank selects ThetaRay
of $100,000. Common issues reported include checkout
system slowdown (46 percent) and a failure to autho- ClearBank, a next-generation clearing and embedded
rize payments (31 percent). This problem takes on more banking platform in the UK, and ThetaRay, provider of
significance, researchers noted, if you consider the effort AI-powered transaction monitoring technology, are col-
merchants make to get customers to the checkout stage laborating in cloud-native anti-money laundering (AML)
in the first place. monitoring to protect ClearBank against financial crime
with ThetaRay’s AI solution.
PSCU, Mercator release lending report
Through the agreement, ClearBank will transform its
PSCU, a credit union service organization, and Mercator AML monitoring operations to a fully cloud-native pro-
Advisory Group, a research and advisory firm that gram. ThetaRay's cloud-native SONAR system will pro-
serves the global payments industry, released a new vide ClearBank the flexibility to scale and support faster
white paper. Digital Account Opening: Keys to Success and safer processing of increasing transaction volumes
in Credit Union Lending details the importance of digi- on its platform, the partners stated.
tal onboarding options like account opening for credit
union member retention and acquisition. NMI, Kount team up on fraud prevention

The white paper highlights key aspects of digital account NMI, a commerce-enablement technology company,
opening, including: why digital engagement is an essen- established a product collaboration with Kount, an
tial strategy for credit unions; the business case for Equifax Company and specialist in digital identity trust,
digital acquisition; how a digital acquisition solution can fraud and chargeback prevention. Kount solutions from
improve the user experience and application flow; and Equifax are designed to detect and prevent fraud for
key considerations and best practices for developing a ecommerce, mcommerce, and card-not-present trans-
digital application process. actions. Through this partnership, Kount technology
will be available to NMI’s customer base on top of the
company’s NMI Fraud Prevention solution, which, NMI
PARTNERSHIPS stated, sets extensive filters to detect suspicious transac-
tions before they are approved.

ACI Worldwide, Vendo offer global crypto solution This layering of technology is designed to provide ISVs,
ISOs, and merchants a greater ability to detect and miti-
Real-time payments software provider ACI Worldwide gate fraud through the Kount real-time risk analysis and
and Vendo Services, a European payment service pro- fraud assessment capabilities, NMI stated, adding this
vider, extended their partnership, enabling Vendo will be the first third-party solution available in NMI’s
Services to offer more than 127 cryptocurrencies, includ- App Marketplace.
ing bitcoin, to its global merchant customers amid rising
customer demand for cryptocurrency payments.

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