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IndustryUpdate

ANNOUNCEMENTS strengthens Ocrolus’ ability to process semi-structured
and unstructured documents, such as bank statements,
pay stubs and mortgage applications, without human
Billbitcoin a top crypto involvement, Ocrolus stated, adding that the integra-
payment processors tion will lead to even more efficient document automa-
tion for Ocrolus customers, enabling them to process
TechResearcho recognized BillBitcoins as a top crypto more loans while continuing to deliver the precise data
payment gateway worldwide. In response, BillBitcoins required for financial decision-making.
stated it strives to provide clients with a seamless, secure
payment experience by accepting all major cryptocur- RetailTech Breakthrough honors innovators
rencies on its platform; offering single-click refunds
to customers on payments with its merchant account The RetailTech Breakthrough Awards Program—part of
interface; and using the Bitcoin network to maintain Tech Breakthrough, a market intelligence and recogni-
transaction records, thus preventing online fraud and tion platform for global technology innovation and lead-
protecting identities. ership—revealed its inaugural list of innovators.

The company also noted the first $1 million bitcoin pay- The program attracted more than 1,200 nominations
ments on BillBitcoins are free, with a 1 percent charge from over 12 countries in categories that included digital
thereafter to convert bitcoins into cash. displays, checkout automation, smart dressing room,
inventory and warehouse technology, bots and chatbots,
Endor Labs a 2023 Bay Area Best Place to Work fraud prevention, and more. A full list of winners is at

Endor Labs, which facilitates safe open source software https://retailtechbreakthrough.com.
adoption, was recognized as a winner of the 2023 Bay VizyPay honored for HR in 2023 Stevie Awards
Area Best Places to Work, an awards program presented
by the San Francisco Business Times and Silicon Valley Payments processing fintech VizyPay won a 2023 Bronze
Business Journal. Stevie Award for Human Resources Department of the
Year. The Stevie Awards have recognized VizyPay eight
The award winners represent organizations that have cre- times in the last three years for excellence in customer
ated exceptional workplaces, and which their employees service, innovative technology, for being one of the
value highly, organizers stated. Applicants were evalu- fastest-growing tech companies of the year, and now for
ated and ranked across five categories, encompassing its hiring and company culture efforts.
such values as fun, collaborative culture, solid compen-
sation and benefits offerings, and other amenities as well VizyPay noted it is a champion for workplace diver-
as management practices. sity with a team of over 60 percent diverse minorities.
VizyPay said it prioritizes hiring based on a candidate’s
GPS rebrands as Thredd attitude and ethic, rather than how well a person fits
Global Processing Services, a next-generation payments into the bullet points on a job description. This, VizyPay
platform, said it rebranded as Thredd to reflect the added, allows the company to welcome diversity and
authenticity within their culture, while creating a space
company’s pivotal role in weaving together the differ-
ent threads of the global payments ecosystem to fuel the where employees feel that their strengths are seen and
valued.
growth of electronic payments.

With a new leadership team comprising industry vet- RESEARCH
erans and the backing of future-focused investors, this
rebranding signals the next phase of customer partner- FYST releases last installment on world payments
ship and product innovation to bring the aspirations of
innovative payments visionaries to life, the company FYST, a one-stop payments consultancy for ecommerce
stated, adding that Thredd is known for its customer- businesses, released the third and final installment of its
centered approach to enable payments innovators to three-part report, The Map of World Payments, that reveals
launch new card programs quickly, easily and cost exclusive data on ecommerce payment trends across
effectively. Europe.

Ocrolus integrates GPT from Open AI With its mission to empower merchants to tap into more
revenue opportunities by offering locally used payment
Ocrolus, a provider of AI-driven document automation methods, FYST said its report gives merchants valu-
designed to foster quick, accurate lending decisions, able insights that they can use to optimize their online
integrated GPT embeddings from OpenAI into its tech- checkouts, reduce cart abandonment rates and boost
nologies. The addition of OpenAI GPT embeddings sales. Following previous reports on the Middle East

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