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IndustryUpdate

Commission's proposed "click-to-cancel" provision. It
aims to make it as easy to cancel a recurring subscription
as it is to initiate one. The provision also requires busi-
nesses to obtain affirmative consent before presenting
offers when a user cancels and requires sending annual
BlueStar mourns its renewal reminders. The provision seeks to address con-
sumer complaints about ongoing subscriptions despite
founder, Steve Cuntz cancellation attempts. Chargebacks911 experts believe it
will protect businesses from first-party fraud and spur
companies to improve communication and accessibility
With heavy hearts, the BlueStar Board of Directors of subscription terms and conditions.
announced that Steve Cuntz, the company's founder,
CEO and chairman, passed away suddenly on Nov. 4, Provenir lauded for credit risk solution software
2023, leaving a profound void in the BlueStar family. They Provenir, a provider of AI-powered risk decisioning,
extended their heartfelt condolences to his family during is a finalist in the Credit Risk Solution category for the
this challenging time. They also shared reflections on 2023 Credit & Collections Technology Awards. These
his enduring impact, excerpted below: awards highlight technology solutions that help credit
Steve's legacy extends far beyond the role of business and collections companies enhance business strategies
leader; he was a visionary and dedicated entrepreneur. amid regulatory scrutiny. Provenir's unified decision-
His unwavering commitment to BlueStar's growth has ing platform, which covers credit, fraud, compliance
left an indelible mark on the company, which he nur- and product decisions, was recognized for supporting
tured into a global technology distributor. Those for- accurate, automated risk decisions and improving the
tunate enough to work alongside Steve witnessed his customer experience.
brilliance and entrepreneurial spirit firsthand. He was ZayZoon recognized for rapid growth
not only a business leader but also a mentor, friend and
advocate for the BlueStar team. His efforts to foster an ZayZoon, an earned wage access provider for small
inclusive and inspiring workplace were tireless. and midsize businesses, ranked 141 on the Deloitte
Technology Fast 500 and 21 on the Canadian Technology
Over three decades, Steve led BlueStar to numerous Fast 50. ZayZoon, which achieved 1006 percent growth
industry awards and accolades, including Distributor from 2019 to 2022, is striving to save 10 million employ-
of the Year from prominent manufacturers and Ernst ees $10 billion. ZayZoon indicated it also aims to pro-
& Young Entrepreneur of the Year. He also served on vide financial stability for employees living paycheck to
the AIM and RSPA boards. His legacy lives on through paycheck and support employers in enhancing financial
the thriving company he built and through the enduring education and wellness for employees. The Deloitte
values he instilled in BlueStar's culture. We are commit- Technology Fast 50 recognizes technology companies
ted to ensuring that Steve's vision for BlueStar contin- that are transforming the industry; the Deloitte North
ues to thrive as a testament to his unwavering dedica- American Technology Fast 500 program showcases
tion and spirit. rapid revenue growth.

ANNOUNCEMENTS RESEARCH

Datacap a PayTech Women SMB champion Inefficiencies a leading RTP barrier, AutoRek finds
Omnichannel payment provider Datacap Systems Inc. AutoRek, a financial services software provider, found
received the PayTech Women Corporate Champion 54 percent of businesses view inefficient back-office
– Small Business Award. This recognition acknowl- processes as the main hurdle to implementing real-time
edges the company's commitment to supporting wom- payments. The company's survey of financial execu-
en's careers through internal programs. Datacap offers tives and IT professionals underscores the urgency for
PayTech Women memberships and encourages partici- streamlining operations to meet the rising demand for
pation in webinars and the annual Leadership Summit, instant transactions, researchers stated, adding that
affirming Datacap's dedication to diversity and inclu- cumbersome manual processes, legacy systems and data
sion in fintech. Visit www.paytechwomen.org/page/ source disparities are key bottlenecks. Additionally, 23
Awards for the full list of 2023 winners. percent of respondents face internal skills shortages,
and cost concerns, affecting 8 percent, highlight further
Chargebacks911 supports FTC's click-to-cancel challenges.
Chargeback management technology providers SMB owners optimistic about financial health
Chargebacks911 and Fi911 expressed support for strate-
gies to reduce friendly fraud, such as the Federal Trade According to research by OnePoll and Melio, 76 percent

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