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IndustryUpdate

U.S. FI data environment not ing fast, flexible funding to empower the next generation
ideal for effective AI use of business owners, they added.

A study from ActiveOps revealed that 76 percent of U.S. Silverflow, Halo Dot team up on softPOS
financial services operations leaders surveyed believe
AI could improve decision-making, but 62 percent lack Payment technology specialist Silverflow partnered with
the necessary data management capabilities. The survey Halo Dot, a softPOS solution provider, to deliver a seam-
found that half of the participants in the study can't less payment solution combining Silverflow's advanced
access real-time data, and two-thirds have outdated data processing engine with Halo Dot’s softPOS technol-
environments unsuitable for AI. Approximately 80 per- ogy. This partnership offers businesses a pre-integrated
cent said it takes significant effort to derive insights from SoftPOS service, reducing time-to-market with faster
their data, and 25 percent base decisions on data that is compliance certification and omnichannel capabilities,
two to three weeks old, highlighting the pressing need the partners stated. Silverflow provides direct API con-
for better data organization. nections to card networks, offering features like 3D
Secure and direct-to-card payouts. The collaboration
U.S. Payments Forum issues market snapshot aims to drive innovation and efficiency to enable clients
to quickly launch softPOS offerings and enhance their
The U.S. Payments Forum's summer market snapshot payment services with cutting-edge technology.
highlights key trends in the payments industry, includ-
ing real-time payments, EV payments, and card-not- TreviPay Crossroads teams up with WeCode KC
present fraud. Real-time payments are growing, with
networks like FedNow and RTP expanding, although TreviPay Crossroads, a two-day B2B payments confer-
challenges in adoption and risk management remain, ence hosted by TreviPay, partnered with WeCode KC,
the forum stated, adding that card-not-present fraud, a Kansas City-based organization dedicated to exposing
especially first-party fraud, has become a major threat, youth to technology careers. From Oct. 2 to 4, 2024, the
surpassing phishing. Strategies to combat fraud include conference will bring together 250 finance, sales and dig-
better data, tokenization and monitoring of online plat- ital leaders in Kansas City. WeCode KC will showcase
forms. The evolving EV payment landscape also pres- its mission to promote tech education, build networks
ents new opportunities, the forum noted, emphasizing and engage new partners. TreviPay said this partner-
the use of cross-stakeholder collaboration to address ship reflects its commitment to fostering an innovative,
challenges. inclusive fintech community and preparing future-
ready professionals. Attendees will learn about WeCode
PARTNERSHIPS KC’s initiatives at the event’s Innovation Hub, support-
ing TreviPay's broader community engagement efforts
through its philanthropic group, Community Fountain.
Kani Payments, Zero to tackle climate change
Visa selects Banked to support its A2A launch
Kani Payments partnered with Zero, a new UK climate-
focused fintech, to streamline Zero’s data reconciliation Visa is expanding into account-to-account (A2A) pay-
and reporting to enhance operational efficiency. Zero ments to offer consumers enhanced control, choice
aims to launch a Mastercard debit card, a no-fee person- and protection over bank transfers. Partnering Banked,
al account and a finance app focused on sustainability, among other companies, Visa stated will utilize its A2A
with plans for a full UK banking license and sustainable platform to facilitate secure, real-time variable recur-
lending products. The app will provide insights into cus- ring payments, allowing flexible, automated payments
tomers' spending and its environmental impact, encour- for services. Launching in the UK in early 2025, Visa
aging reduced carbon footprints, the partners stated, A2A aims to modernize bank payments by introduc-
adding that. Kani's platform will support Zero’s mission ing digital features, such as advanced security, dispute
to align personal finance with climate-conscious goals. resolution and easier management of payment permis-
sions. The initiative, Visa added, promotes collaboration
Liberis, Sezzle to provide funding to U.S. SMBs among banks and fintechs, benefiting businesses with
near real-time settlements and improved cash flow vis-
Liberis, a global embedded finance platform, is partner- ibility.
ing with buy now, pay later platform Sezzle to launch
Sezzle Capital, offering flexible funding to small and ACQUISITIONS
midsize businesses in the United States without requir-
ing them to give up equity. The partnership aims to help
businesses access capital to grow and thrive, addressing Cantaloupe Inc. acquires SB Software
concerns about funding accessibility. Sezzle Capital, the
partners stated, will expand to Canada soon, further Cantaloupe Inc. acquired SB Software Ltd., a UK and
supporting businesses. This collaboration allows both Ireland vending and coffee management software pro-
companies to serve a wide range of merchants, provid- vider. This strategic move aims to enhance Cantaloupe's

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