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IndustryUpdate
ANNOUNCEMENTS
American Express launches B2B solution
American Express launched Amex Business Link, a
new business-to-business (B2B) payments ecosystem
for network issuing and acquiring participants to offer
to their business customers. Amex Business Link makes
managing payments easier for buyers and suppliers of
all sizes by accepting card and non-card payments and
supporting domestic and cross-border transactions, the
company stated.
The new digital ecosystem is equipped with reporting
and reconciliation tools and connects to all customer
relationship management and enterprise resource plan-
ning systems that use APIs, AmEx added.
Fluid Pay named a 2022 top payment processor
Fluid Pay was named one of the Top 10 Payment
Processing Companies by Banking CIO Magazine and
was also featured on the cover for the magazine's
November "Payment Processing Edition" issue. Fluid
Pay representatives stated the company is honored by
the recognition, adding that Fluid Pay's goal has always
been to create a suite of products that function inside a
completely cloud-based environment while being scal-
able for any size merchant both small and enterprise-
level businesses.
"This is a testament to our ISOs and their merchants,"
said Ted Cucci, Fluid Pay president and CEO. "They RESEARCH
have placed us at the forefront and enabled us to devel-
op industry-leading products."
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Forrester names Cinchy a top 15 dataware provider
Forrester, a global advisory, research and industry
analyst firm, cited Cinchy as one of the 15 top enter-
prise data fabric providers. In the report, The Forrester
WaveTM: Enterprise Data Fabric, Q2 2022, Cinchy received
the highest score possible in the Product Vision category.
Describing the Cinchy offering as an "easy-to-use fabric
solution," the Forrester Wave report noted that the com-
pany "focuses on collaborative intelligence, leveraging
data as an adaptive network to accelerate digital trans-
formation.
Cinchy has demonstrated the ability to innovate by
delivering an integrated end-to-end data fabric with a
high degree of automation to simplify fabric develop-
ment and deployment."
Nacha releases new guide on voice payments
Nacha's Payments Innovation Alliance created a new
resource aimed at financial institutions, billers and
payment processors. Voice Payments: Guide to Nacha's
Operating Rules identifies the most common conversa-
tional payments use cases, offers answers to frequently
asked questions and assists in determining the Standard
Entry Class (SEC) Codes for consumer bill payment use
cases using voice-assisted devices or smart speakers for
ACH payments.
Written by members of the Alliance's Conversational
Payments and Cybersecurity Response Project Teams,
the guide completes a series of conversational payments-
focused Executive Briefings, including Voice Payments:
An Introduction and Overview; A Deep Dive into the
Technology Behind Voice Payments; and Voice Payments:
Contractual Considerations for Financial Institutions.
VizyPay cash discount honored in Biz Awards
VizyPay, a payment processing fintech company, won
bronze in the Most Innovative Product of the Year for
Small or Medium Business category in the 2022 Best in
Biz Awards, an independent business awards program
judged annually by prominent editors and reporters
from top-tier publications in North America. VizyPay
earned this honor for its cash discount program (CDP).
Focused on bringing robust yet simple payment process-
ing technology to small businesses in rural areas tradi-
tionally underserved by industry giants, VizyPay's CDP
provides unlimited monthly credit card processing for a
low month-to-month subscription, VizyPay stated.
Giving away reward points has appeal, study finds
New research released by Forbes Advisor disclosed that
of 1,000 U.S. adults surveyed, 53 percent with a rewards
credit card would consider giving points or rewards as