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IndustryUpdate





                                                                 focused on the theme of  Amplify Your Voice. Or-
                                                                 ganizers stated the event is "a must-attend event for
                                                                 women and men across the payments industry who
                                                                 are passionate about breaking barriers and creating
                                                                 a more inclusive workplace." Attendees, they added,
                                                                 will have access to inspiring education, engaging
                                                                 experiential sessions, and ample networking oppor-
        ANNOUNCEMENTS                                            tunities with peers and professionals from around
                                                                 the United States, Canada and beyond.To learn
          Castles Technology honored                             more, visit paytechwomen.org/events/EventDetails.
          by Coke Canada Bottling                                aspx?id=1706796&group=.

        Coke Canada Bottling recognized Castles Technol-          VIXIO launches payments compliance framework
        ogy at its annual Supplier Partner Awards ceremony
        with the Productivity Initiatives Award. The annual      VIXIO Regulatory Intelligence, a provider of regula-
        ceremony honors suppliers and partners that help         tory and business intelligence to the global payments
        Coke Canada Bottling move the needle for their busi-     and gambling industries, launched Horizon Scanning,
        ness in impactful ways. The Castles team has worked      an SaaS solution that provides real-time intelligence
        closely with the company since 2015 to develop and       to enable payments compliance professionals to stay
        install cashless payment terminals on vending out-       on top of global regulatory changes. VIXIO said Ho-
        lets. In 2022 alone, Castles noted, it delivered more    rizon Scanning offers the following main use cases
        than 3,600 payment terminals to Coke Canada Bot-         that fit within a payments compliance framework:
        tling.                                                   in-depth global coverage of the regulatory payments
                                                                 landscape; analysis of regulatory trends and policy
          Jack Henry ready for FedNow                            movements to inform market strategies and man-
        Jack Henry reported it is operationally ready to sup-    age risk; and a report structure to keep stakeholders
        port the launch of the Federal Reserve's real-time       informed.
        payments network, FedNow, having actively par-
        ticipated in the development of the newest network,      RESEARCH
        expected to launch in July 2023. "More than 20 Jack
        Henry clients will participate in the supporting pilot    Micro financial interactions
                                                                  a key to member loyalty
        and early adopter program," the company stated.
        "FedNow is an instant payments network that moves        New research from Co-op Solutions indicates that
        funds directly and immediately between financial in-     in a time of ongoing financial uncertainty, consum-
        stitution accounts in the United States. The network     ers are looking for the reassurance of convenient
        will initially support multiple use cases and serve as   solutions that balance immediate needs with long-
        a platform banks and credit unions can leverage to       term financial success, and credit unions (CUs) can
        develop innovative payments solutions that support       provide that reassurance through tools that easily
        evolving instant payment needs and additional use        manage day-to-day needs. The new Co-op research,
        cases."                                                  conducted in partnership with EY and Mastercard,
                                                                 studied recent changes in consumer and CU member
          PayTech Women opens summit registration
                                                                 behaviors, preferences, challenges and activities.
        PayTech Women, formerly Wnet, opened registration        More than 2,000 current CU members and 1,000
        for the 2023 PayTech Women Leadership Summit,            CU prospects participated in the survey. Key find-
        sponsored by FIS. The annual conference, slated          ings include that current CU/customer relationships
        for Oct. 3 and 4, 2023, at the Grand Hyatt Atlanta       are increasingly fragmented, convenience tops cost,
        in Buckhead, Ga., will feature global speakers,          digital payments are primary and micro-interactions
        industry thought leaders and corporate partners, all     lead to long-term loyalty.

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