ANNOUNCEMENTSCoke Canada Bottling recognized Castles Technology at its annual Supplier Partner Awards ceremony with the Productivity Initiatives Award. The annual ceremony honors suppliers and partners that help Coke Canada Bottling move the needle for their business in impactful ways. The Castles team has worked closely with the company since 2015 to develop and install cashless payment terminals on vending outlets. In 2022 alone, Castles noted, it delivered more than 3,600 payment terminals to Coke Canada Bottling.
Jack Henry reported it is operationally ready to support the launch of the Federal Reserve's real-time payments network, FedNow, having actively participated in the development of the newest network, expected to launch in July 2023. "More than 20 Jack Henry clients will participate in the supporting pilot and early adopter program," the company stated. "FedNow is an instant payments network that moves funds directly and immediately between financial institution accounts in the United States. The network will initially support multiple use cases and serve as a platform banks and credit unions can leverage to develop innovative payments solutions that support evolving instant payment needs and additional use cases."
PayTech Women, formerly Wnet, opened registration for the 2023 PayTech Women Leadership Summit, sponsored by FIS. The annual conference, slated for Oct. 3 and 4, 2023, at the Grand Hyatt Atlanta in Buckhead, Ga., will feature global speakers, industry thought leaders and corporate partners, all focused on the theme of Amplify Your Voice. Organizers 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 opportunities with peers and professionals from around the United States, Canada and beyond.To learn more, visit paytechwomen.org/events/EventDetails.aspx?id=1706796&group=.
VIXIO Regulatory Intelligence, a provider of regulatory and business intelligence to the global payments and gambling industries, launched Horizon Scanning, an SaaS solution that provides real-time intelligence to enable payments compliance professionals to stay on top of global regulatory changes. VIXIO said Horizon Scanning offers the following main use cases that fit within a payments compliance framework: in-depth global coverage of the regulatory payments landscape; analysis of regulatory trends and policy movements to inform market strategies and manage risk; and a report structure to keep stakeholders informed.
RESEARCHNew research from Co-op Solutions indicates that in a time of ongoing financial uncertainty, consumers are looking for the reassurance of convenient solutions that balance immediate needs with long-term financial success, and credit unions (CUs) can provide that reassurance through tools that easily manage day-to-day needs. The new Co-op research, conducted in partnership with EY and Mastercard, studied recent changes in consumer and CU member behaviors, preferences, challenges and activities. More than 2,000 current CU members and 1,000 CU prospects participated in the survey. Key findings include that current CU/customer relationships are increasingly fragmented, convenience tops cost, digital payments are primary and micro-interactions lead to long-term loyalty.
A new study from Juniper Research, Vulnerable Software Supply Chains Are a Multi-billion Dollar Problem, found the total cost of software supply chain cyber attacks to businesses will exceed $80.6 billion globally by 2026, up from $45.8 billion in 2023. This growth of 76 percent reflects increasing risks from absent software supply chain security processes and the rising complexity of software supply chains overall, researchers noted, highlighting the need for greater emphasis on the software elements of the supply chain as a critical security vulnerability. The study also analyzed how shifts in wider cybersecurity processes and the mindset around the management of the software supply chain are needed to address these risks.
New research from RBR indicates that despite government backing of domestic schemes in some markets, cards are increasingly being co-branded with international schemes due to customer desire for maximum acceptance, rewards and other benefits. In addition, RBR's Global Payment Cards Data and Forecasts to 2027 research found that spending on payment cards continues to grow strongly as the impact of the COVID-19 pandemic begins to wane; every world region is growing strongly; and financial inclusion programs are encouraging large numbers of unbanked people to enter the financial system for the first time, while the continuing rise of contactless and ecommerce purchases is boosting card spending, particularly for international schemes.
PARTNERSHIPSFortis, a payment and commerce technology resource for software providers, marketplaces and scaling businesses, reported it is now a recommended payments partner of Sage, an accounting, financial, HR, and payroll technology provider for small and midsize businesses. The Fortis solution, which delivers a fully embedded payments and commerce experience, is now fully integrated into various Sage enterprise resource planning (ERP) systems and products, making it easier for businesses to get paid and track payments in real time the partners stated, adding that both companies have decades of experience in the ERP ecosystem and growing B2B market.
ITAS Assicurazioni, Italy's oldest insurance company, launched ITAS Pay with the support of European paytech Nexi Group. The new payment institution will offer services and solutions to support the sale and marketing of insurance policies. Nexi noted it played a fundamental role in supporting the ITAS Group in this endeavor to ensure compliance with PSD2, and obtain authorization from the Bank of Italy to operate as a Payment Service Provider. Through ITAS Pay, Nexi stated, the ITAS Group intends to further consolidate digital transformation by offering customers an even simpler and custom-built purchasing experience, and Nexi will continue to provide digital payment expertise, products and services, and technical support to the ITAS Group.
Standard Chartered and Worldpay from FIS formed a strategic partnership to enhance and expand the footprint for Straight2Bank Pay, Standard Chartered's one-stop digital collections gateway for merchants. The global partnership is a testament to the bank's continued investment in its cash management solutions via innovation and partnerships to deliver value-added solutions to meet its clients' digital aspirations, the partners stated. The collaboration, they noted, will bring a comprehensive suite of digital collections solutions that caters to the evolving needs of businesses, enabling them to collect funds from a wider range of payment methods including cards and alternative payment methods such as e-wallets and bank transfers. It also allows Straight2Bank Pay to grow across Asia, as well as enter new markets across Europe, Middle East, UK and the United States, they noted.
$h3ACQUISITIONS
Fabrick, a European provider of open finance, acquired Judopay, a UK-based mobile payments company. Fabrick stated the acquisition of Judopay will expand Fabrick's proprietary technology, enabling the company to offer a better service to merchants, who will be able to manage more efficiently all the financial and data flows involved in the payments process from a single point, even when taking payments from multiple gateways. The deal will enhance Fabrick's Payment Orchestra, which is transforming the way businesses accept payments, Fabrick noted, adding that by combining multiple payment processes, Payment Orchestra optimizes payment processing at each stage of the payment flow, reducing the transaction time and costs, as well as improving the customer checkout experience and decreasing cart abandonment.
In-store payment solutions provider Preludd Payment Services acquired Amadis, a provider of EMV card-present payment acceptance solutions. With this acquisition, the company stated, it now offers solutions at all stages of the payment chain for payment solution providers, banks, acquirers, payment terminal distributors and SoftPOS. As a software development solution, Amadis provides acceptance solutions on off-the-shelf systems like smartphones, tablets and PCI POS terminal hardware. It also provides out-of-the-box compliance software that adheres to all global payment network requirements, Preludd stated, adding that by leveraging Amadis' 18 years of experience, Preludd will be able to provide innovative solutions to make payments more accessible worldwide
APPOINTMENTSKani Payments appointed Priya Jadeja as head of pre-sales to drive the company's client onboarding efforts and demo capabilities. Previously responsible for pre-sales operations at data companies AutoRek and SS&C, Jadeja brings deep expertise in data reporting and reconciliation solution sales, including managing prospective client relationships, sales and implementation lifecycles, building and running solution demos, and management of request for proposal pilot projects. She will work closely with the product, sales and developer teams to identify client requirements and align them with Kani Payments' range of solutions, including transaction reconciliation, payment and regulatory scheme reporting, merchant settlement and customer fund safeguarding. She will also oversee guiding clients through Kani Payments' platform demos and training client teams on-site and remotely.
Member Access Processing appointed Jay McCracken as its senior vice president of sales. Reporting to CEO Cyndie Martini, McCracken will lead MAP's new business development, sales, relationship management, and channel and consulting partnerships. With more than 30 years' experience in payment and fintech sales, relationship management and account management, McCracken has a proven track record of success in developing proactive strategies, securing revenue goals and managing client relations, MAP noted. Most recently with Fidelity Information Services in the Credit Union Division, he managed relationship management teams focused on cross sales, contract extensions and strategic account management to the current client base. His earlier career path also included employers First Data and Worldpay.
Business intelligence and risk prevention provider ClearSale appointed Eduardo Mônaco as its CEO. He will replace Bernardo Lustosa, who held the CEO position for five years. The change comes as part of a planned succession process, and Lustosa will continue his involvement as a shareholder and adviser. After nearly four years as ClearSale's COO, Mônaco assumed the position of president-director at the end of 2022. Mônaco began his career at some of the largest Brazilian retailers and ecommerce companies, structuring departments and heading up projects that delivered operational excellence and elevated customer experiences. In this new role, he will lead the next stage of ClearSale's evolution with a focus on nurturing innovation, risk mapping, and leveraging opportunities. 
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