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IndustryUpdate

Transaction Association's 2023 Forty Under 40 class.
The group of young innovative leaders and influencers
in the payments industry will be recognized at a recep-
tion during Transact 2023 in Atlanta, April 24 through
26. "It's truly an honor to be recognized among this
dynamic group of industry professionals whom I both
respect and share a common passion in securing pay-
ments," Logan said. Facilitating merchant adherence
to the Payment Card Industry Data Security Standard,
Logan works with NAB's product and engineering team
to continually enhance NAB's systems, as well as the
marketing team to develop and distribute card brand
and regulatory compliance updates to merchants and
ANNOUNCEMENTS stakeholders. In addition to Logan, CWA Merchant
Services' Vice President Erick Weinstein also received
the Forty Under 40 honor. CWA is an entity owned by
FBI indicts crypto kiosk operators NAB.

According to Cuyahoga County Prosecutor Michael Snack POS introduces dual pricing
C. O'Malley, a Cuyahoga County, Ohio, grand jury
returned an indictment charging S and P Solutions and Snack POS, a processor-agnostic restaurant POS soft-
three of the company's executives on several charges ware, launched dual pricing to enable restaurants to
related to owning and operating cryptocurrency kiosks clearly display card versus cash pricing on POS ter-
from August 2002 to February 2023. The investigation minals at the time of sale. The feature addresses rising
was conducted by the United States Secret Service Cyber costs associated with credit card processing fees, which
Fraud and Money Laundering Task Force with assistance have become a significant expense for many restaurants,
from numerous other agencies. Sonny Meraban (owner the company stated. With dual pricing, restaurants can
of S and P Solutions), Reza Mehraban (Meraban's father offer a discounted price for customers who pay with
and manager of S and P Solutions), William Suriano cash or other non-credit card methods, while provid-
(attorney and manager of S and P Solutions), and S and P ing transparency at checkout. The new feature is part
Solutions (d/b/a Bitcoin of America) stand charged with of Snack's restaurant POS software, which is designed
owning and operating cryptocurrency kiosks illegally to help restaurants streamline operations, improve
across Northeast Ohio; operating the kiosks without a efficiency, and provide a seamless experience for both
money transmission license; and falsely representing customers and staff, Snack added.
their capabilities to Ohio regulators to avoid detection.
In addition, scammers and robocallers are alleged to VizyPay ranks 85 on 2023 Inc. 5000 Midwest
have used BOA kiosks to facilitate transfers from vic-
tims across the United States, and BOA retained victims' VizyPay, a payment processing fintech with a mission
fee money even after being notified the fees came from to empower small-town businesses, ranked No. 85 on
fraud victims' transfers. the 2023 Inc. 5000 Regionals: Midwest. The list includes
the fastest-growing private companies in Iowa, Illinois,
MAP opens virtual office Indiana, Kansas, Michigan, Minnesota, Missouri, North
Dakota, Nebraska, Ohio, South Dakota and Wisconsin.
Member Access Processing, a provider of the Visa DPS In this, VizyPay's second consecutive appearance on
debit, credit, ATM, prepaid, and mobile processing the list, the company ranked No. 2 in Iowa and No. 5
platform to credit unions, said it opened a virtual office in financial services. About the honor, CEO Austin Mac
and consolidated its operations, both digitally and in Nab stated VizyPay is "proud to be a key pillar of the
the cloud, to leap ahead of competitors with an environ- Midwest's flourishing economy. By eliminating unnec-
mentally sustainable and digitally agile organizational essary payment processing fees, small business owners
system. This transition will reduce carbon emissions, across rural America can keep more of their hard-earned
minimize waste and conserve energy and other limited money and reinvest it back into the communities they
resources, the company stated, adding that its new vir- serve."
tual work environment will prevent 250 to 300 tons of
CO emissions annually thanks to eliminated commutes RESEARCH
and purged offices, which is equivalent to recycling 85
to 102 tons of waste.
CBDC transactions to exceed $213B by 2030
NAB, CWA leaders join ETA's Forty Under 40
A Juniper Research study found the value of payments
North American Bancard Director of PCI Compliance via central bank digital currencies (CBDCs) will reach
Kera Logan was selected as part of the Electronic $213 billion annually by 2030, up from just $100 mil-
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