Page 13 - GS230401

IndustryUpdate

PARTNERSHIPS POS application running natively on PAX's outdoor
rated IM30 unattended payment terminal. This POS
application is directly integrated with a smart charger
BHN, Gift of College team up on e-gifts control board to start, stop and monitor the flow of

Branded payments provider Blackhawk Network (BHN) electricity, and a web-based back-end portal provides a
partnered with Gift of College to expand the higher variety of robust features including transaction report-
education funding platform's digital gift card pro- ing, remote management, and digital signage schedul-
gram with distribution at select digital retailers in the ing, PAX noted.
BHN US retailer network. One of the first platforms Worldline, Solana collaborate
of its kind, Gift of College allows consumers to give a
meaningful gift to family and friends by contributing Payment services provider Worldline launched a strate-
to a 529 college savings, ABLE disability savings, or gic initiative with Solana, a blockchain platform designed
student loan account, BHN stated, adding that more for decentralized application and Web3 use cases. The
gift-givers across the country will be able to leverage initiative, supported by the Solana Foundation, will
BHN's ecommerce distribution network to send eGifts allow all projects building on Solana direct access to
quickly and easily via online gift card retailers, including Worldline's Payment Orchestration platform. The proj-
Giftcards.com, Giftcardmall.com, Kroger.com, Meijer. ects will be integrated, Worldline stated, allowing for
com, Topsmarkets.com and more. providers to route payments automatically while offer-
ing the lowest fees and highest conversion. Solana, a
EMVCo, FIDO, W3C extend collaboration layer one blockchain with 11.5 million active accounts
EMVCo, the FIDO Alliance and the World Wide Web and over 21.9 million minted NFTs, is a fast, secure
Consortium renewed the charter for the Web Payments censorship-resistant blockchain built for scale, Worldline
Security Interest Group for two years. This will enable stated, adding that. it hosts and supports a huge array of
the organizations to continue collaborating to enhance Web3 businesses and apps.
the security and interoperability of web payments to
support seamless ecommerce checkout experiences, they ACQUISITIONS
stated. The renewal follows the recent update of the
How EMVCo, FIDO and W3C Technologies Relate First-Citizens Bank to buy SVB
document to meet the evolving needs of the payments
industry. This reflected updates to EMVCo's EMV® 3-D First-Citizens Bank & Trust Co., a subsidiary of
Secure, EMV Payment Tokenization and EMV Secure Raleigh-based First Citizens BancShares, Inc. entered
Remote Commerce technologies, FIDO's Client-to- into an agreement with the Federal Deposit Insurance
Authenticator Protocol, and W3C's Web Authentication, Corporation to purchase out of FDIC receivership sub-
Secure Payment Confirmation and Payment Request API stantially all loans and certain other assets, and assume
initiatives. all customer deposits and certain other liabilities of
Silicon Valley Bridge Bank N.A. The transaction is struc-
iCheckGateway.com, HBS expand partnership tured as a whole bank purchase with loss share coverage.

iCheckGateway.com expanded its partnership with com- First Citizens was selected to complete this transaction
munication service provider Haese Business Solutions. through a competitive bidding process. No immediate
Justin Haese, founder and CEO of HBS, and Nikki Estes, change will be made to customers' current accounts, and
senior vice president of marketing at iCG, described how they will be able to continue to access their accounts as
they would utilize his extensive background in cyber they do today — through their current websites, mobile
security for numerous industries—focused primarily on apps and branch locations, First-Citizens stated, adding
healthcare, hospitality, and property management orga- that customers will be notified of any future account
nizations—with the omnichannel approach to solving changes in advance.
the pain points of accepting payments simply, securely, Ingenico acquires Phos
and reliably using iCG's financial technology. The part-
ners also highlighted the importance of personal rela- Ingenico, a global provider of payments acceptance
tionships with partners, maintaining a secure network solutions, acquired 100 percent of Phos, a provider of
and having a cohesive tech package to ensure smooth software-only POS solutions (SoftPoS). Phos is a premier
operations. player in the fast-evolving SoftPoS space, providing
best-in-class highly flexible solutions to a large number
PAX, ISVPay tackle EV charging of acquirers and PSPs, Ingenico stated. SoftPoS, Ingenico

Payment solution provider PAX Technology Inc. stated it added, enables off-the-shelf smartphones or tablets to
partnered with unattended payment provider ISVPay to become payment terminals while complying with the
offer customers the first-of-its-kind electric vehicle (EV) highest standards of payment security. It is a dynamic,
charging solution, Charge to Charge, an Android-based fast-growing market: the installed base of SoftPoS termi-
nals is expected to grow from 3.1 million worldwide in
13
13