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IndustryUpdate

ChannelGrabber opens N.Y. office regulatory regime for services relating to virtual curren-
cies. Malta authorities stated this approval will allow
ChannelGrabber opened a New York office in Brooklyn Malta to achieve its goal in becoming a blockchain hub.
Heights to expand its reach beyond the United
Kingdom and Europe. The company also added one- Merchant Consulting Group now Paystri
click omnichannel listings capability for retailers. "[R]
etailers routinely struggle to manage the complex and Payment technology and merchant services provider
time-consuming tasks associated with listing items, Merchant Consulting Group rebranded as Paystri. The
managing inventory, processing orders, billing, ship- company noted that with the shift in branding, the firm
ping and customer communication," the company said. will focus on delivering unparalleled technology, sup-
"ChannelGrabber allows online retailers to handle these port and customer experience. Paystri founder and CEO
tasks in one place saving time, increasing productivity Jonathan Arst said, "We are excited to launch Paystri
and maximizing sales." to offer customized payment processing with a level of
service that's unique to Paystri and crafted to meet our
HBMS refreshes visual branding clients' specific payments needs."
Humboldt Merchant Services (HBMS), a payments Risk Ident recognized by Retail Systems Awards
provider targeting specialty merchants, refreshed its
visual branding with an updated logo and revised web- Risk Ident GmbH, a provider of fraud prevention soft-
site, hbms.com. The new branding features a stylized ware, was named Online Technology Vendor of the Year
redwood tree and outdoor imagery to communicate at the Retail Systems Awards 2018, which recognize
strength, security and calm. "We wanted our branding technology excellence and innovation within the retail
and website to not only reflect the company's legacy sector. Winning entries came from retailers and technol-
within the industry, but to also give assurance that ogy suppliers in mobile, online, payments, loyalty and
Humboldt provides cutting-edge payment solutions personalization. Risk Ident noted that the company was
while maintaining the highest levels of service," said recognized for its results-driven anti-fraud solutions in
Adam McDonald, president of Humboldt. the large ecommerce space.
i3 Verticals closes IPO RESEARCH

i3 Verticals Inc., a provider of integrated payment and
software solutions to small and midsize businesses in ControlScan aids with PCI QSA prep
strategic verticals, closed its initial public offering of
7,647,500 shares of Class A common stock at a price ControlScan, a managed security and compliance solu-
of $13 per share. The company estimated net proceeds tions provider, published Preparing for Your First PCI
from the offering to be approximately $92.5 million after QSA Assessment: 7 Steps to Uncomplicated Compliance,
deducting underwriting discounts and commissions. aimed at helping IT leaders save time and money when
engaging a Payment Card Industry Qualified Security
PAI's Leehy recognized by EY Assessor (PCI QSA). It covers common reasons compa-
nies fail to achieve PCI compliance, how QSAs approach
John J. Leehy III, president and CEO of ATM pro- assessment engagements, and seven steps to a PCI com-
vider Payment Alliance International was named EY pliant QSA assessment.
Entrepreneur Of The Year 2018 East Central Region,
which encompasses Kentucky, Ohio, Pennsylvania and One in four European merchants breached
West Virginia. The awards program recognizes vision-
ary entrepreneurial leaders excelling in innovation, According to the 2018 Global Payments Insight Survey:
financial performance and personal commitment to Merchants, published by ACI Worldwide Inc. and
their businesses and communities. Leehy was selected Ovum, one in four (26 percent) of European merchants
by an independent judging panel comprised of previ- in the retail, travel and hospitality and digital goods
ous award winners, leading CEOs, investors and other sector have experienced data theft, and a majority (61
regional business leaders. percent) believe they are at greater risk of a data breach
today than a year ago. While the need to manage fraud,
Maltese Parliament approves blockchain bills and protect customer data remains a top issue, achiev-
ing sales via digital channels was equally important to
The Maltese Parliament unanimously approved three merchants and retailers surveyed across all sectors.
blockchain bills: the MDIA bill to establish the Malta
Digital Innovation Authority; Innovative Technology Foley finds cryptocurrency regulation wanted
Arrangements and Services Act to regulate designat-
ed innovative technology arrangements; and Virtual Based on a survey conducted by Foley & Lardner LLP,
Financial Assets bill to be used as the framework for stakeholders in the cryptocurrency industry are seeking
initial coin offerings, cryptocurrency exchanges and the greater regulatory certainty. Foley's 2018 Cryptocurrency
Survey found the majority of respondents believe their
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