Payments' NexTen at TRANSACT Identifies the Next Generation of Payments Innovators

WASHINGTON, April 17, 2019 /PRNewswire/ -- The Electronic Transactions Association (ETA) today announced the ten payments technology startups that will participate in the Payments' NexTen program, sponsored by Worldpay, at TRANSACT, the world's largest payments technology event, April 30-May 2 at Mandalay Bay in Las Vegas.

"The payments industry is at an inflection point of technological revolution, and the entire ecosystem benefits from new and innovative approaches to solving complex problems," said ETA Interim CEO Amy Zirkle. "ETA is thrilled to partner with Worldpay to bring these leading-edge startups to the epicenter of payments innovation - TRANSACT."

NexTen participants will pitch their solution to a panel of industry mentors, partake in educational sessions designed for new entrants to the payments industry, and network with peers, investors and corporate leaders at TRANSACT. The startups will receive complimentary registration and exhibit space at the show.

The 2019 Payments' NexTen participants include:

    --  Biller Genie: A virtual assistant that automatically sends invoice
        notices, performs follow-up on past-due invoices, provides access to
        convenient online payment portals, and reconciles payment activity
        without the need for human intervention.
    --  BIM Networks: A platform that enables merchants to connect consumer
        checking accounts to their apps and website and can be used whenever
        their customers want to buy goods and services from them.
    --  DataSeers: A solution that received structured and unstructured data,
        cleans, ingests, labels and augments the data to prepare it to go
        through AI and ML algorithms for better results and highly-successful
        predictability in order to help clients with back-office operations like
        compliance and fraud detection.
    --  Everyware Inc.: a pay-by-text solution that allows businesses to send a
        simple text message with a secure link to click-to-pay with no
        interaction to complete the payment. Customers can reply with questions
        or concerns, and Everyware's conversational payment gateway sends
        automated text receipts after every purchase to authorize and validate
        transactions.
    --  HealPay: SettlementApp software from HealPay uses data to offer the best
        payment plans to consumers who have debt. HealPay offers a suite of
        cloud-based apps that enable online payment processing for various
        sectors.
    --  Joust: The Joust app combines an FDIC-insured bank account, a merchant
        account for accepting credit card payments, and the tools to run all
        financials on one platform.
    --  Kickfin: A cash management and payments app that provides merchants with
        access to payments software and IoT hardware. The solution provides
        immediate access to working capital, reduces loss and theft, increases
        efficiency and pays employees daily.
    --  Payclub: Designed to close the gap for highly-tailored banking for Gen Z
        by building in collaborative tools, Payclub combines personal accounts
        with unlimited collaborative accounts to help Gen Z consumers manage
        their collections and spending.
    --  Pronto CX, Inc.: A smart event platform that combines a ticket, wallet,
        loyalty/member card, parking pass, sponsor activation, fan engagement,
        etc. into a single vehicle that can be read over NFC.
    --  Token Transit: Token Transit is a shared mobility marketplace powered by
        city governments, providing an online account system for payment for
        public transit which lets the user verify their payment with an
        inexpensive IoT device.

The participants were selected for the program from a highly-competitive pool of applicants by a panel of payments executives, entrepreneurs and investors based on their innovative approaches to solving the following critical payments industry challenges identified by Worldpay and ETA:

    --  Facial Recognition & Biometrics: How can we use biometric technology to
        validate the cardholder's identity at the time of payment?
    --  Internet of Things (IoT): How can we integrate payment systems with
        IoT-connected devices in order to streamline the payment cycle?
    --  Data: How can we use existing merchant data (that's already being
        collected) to streamline, augment, or otherwise improve the merchant
        experience?
    --  Artificial Intelligence/Machine Learning: How can we deploy AI and/or
        machine learning in the payment cycle to automatically validate
        transactions and make the payment experience as seamless and invisible
        as possible?
    --  Contactless Payments: How can we increase adoption of contactless
        payments in the U.S. market, both on the consumer side and the merchant
        side?

TRANSACT, happening April 30-May 2 at the Mandalay Bay Convention Center in Las Vegas, provides 4,000 attendees with a robust exhibit hall with more than 200 exhibitors, extensive networking events, and forward-looking educational sessions on the groundbreaking technologies, trends and policies shaping the payments industry.

About ETA

The Electronic Transactions Association (ETA) is the global trade association representing more than 500 payments and technology companies. ETA members make commerce possible by processing more than $21 trillion in purchases worldwide and deploying payments innovation to merchants and consumers.

CONTACT: Laura Hubbard, 202-677-7406, lhubbard@electran.org

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SOURCE Electronic Transactions Association (ETA)