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Fintech focus: Visa to support EMVCo's QR code payment specifications

Several players within the financial technology arena introduced new products and entered into various agreements in recent days. Please send news tips and feedback to news@snl.com. For other recent financial technology news, click here.

Payments

Visa Inc. said it will support the new global QR code payment specifications from EMVCo, the global technical body that manages the EMV specifications. QR codes are two-dimensional machine-readable barcodes used to facilitate mobile payments at the point-of-sale.

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American Express Co. and MineralTree entered a partnership under which organizations will have access to a platform that incorporates their American Express Corporate Card into their MineralTree workflows. MineralTree is an accounts payable and payment automation solution provider.

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On Deck Capital Inc. entered into a partnership with Payment Source to offer Payment Source's Now Prepay customers access to OnDeck's online small business lending platform. Payment Source provides alternative payment solutions.

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In partnership with Diebold Nixdorf Inc., National Bank of Ras Al Khaimah PSC launched Samsung Pay on its ATMs.

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PayPal Holdings Inc. partnered with Mastercard Inc. in the Asia-Pacific region to make Mastercard a payment option within PayPal.

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Vantiv Inc.'s Vantiv Integrated Payments announced that its cloud-based API for payment processing in real time, triPOS Cloud, is now live for general availability for all independent software vendors and merchants to process their point-of-sale transactions.

Banking and lending

CoreLogic Inc. will fully integrate its 4506-T income verification product with Fannie Mae's Desktop Underwriter platform, effective early August, allowing mortgage lenders to access the verification products as part of the Desktop Underwriter platform validation service.

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Ellie Mae Inc. launched a version of its mortgage management solution, Encompass.

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DataVerify is now offering automated process to submit 4506-T IRS tax transcript information to Fannie Mae's Day 1 Certainty data validation service through Ellie Mae's mortgage management solution, Encompass, and Total Quality Loan program.

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LoanCare signed a seven-year renewal to continue using Black Knight Financial Services Inc.'s LoanSphere MSP, an end-to-end servicing system used by financial institutions to manage the servicing processes for both mortgage and home equity loans. LoanCare is a provider of subservicing and interim subservicing to the mortgage industry.

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CPI Card Group Inc. announced that Indiana-based Farmers and Merchants Bank implemented Card@Once to provide in-branch issuance of EMV-enabled debit cards in all four of its local branches.

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NCR Corp. announced that Commercial Bank of Ethiopia is expanding its ATM network with the addition of 200 NCR SelfServ ATMs together with ATM management system NCR APTRA Vision.

Insurance and healthcare

Acute care hospital Catholic Medical Center expanded its portfolio of Allscripts Healthcare Solutions Inc. solutions to offer a healthcare information system. The expansion includes Sunrise Ambulatory Care, Sunrise Emergency Care, Sunrise Surgical Care, Sunrise Radiology, Sunrise Financial Manager, Sunrise Enterprise Registration and Scheduling, Sunrise Critical Care, Sunrise Mobile MD and Sunrise Mobile Care.

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Bravo Wellness renewed its partnership with Hooper Holmes Inc. as preferred biometric screening and flu vaccination partner.

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Fidelity National Information Services Inc. entered into an agreement with CUNA Mutual Retirement Solutions under which it will provide recordkeeping, data processing and operational processes for the latter's retirement plans.

Cyber security and analytics

Fortinet Inc. updated its FortiCloud software-as-a-service offering for small- and medium-sized business and managed security service providers.

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Thomson Reuters Corp. added FolioDynamix, Helix Financial Systems and Vestmark to its North American wealth management partner roster.

Information technology

Genpact Ltd. added Intelligent Automation Index to its intelligent automation services. Intelligent Automation Index is a patent-pending diagnostic tool that allows companies to quantify the automation potential of business processes.

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APT Systems Inc. acquired the domain names www.cryptoassets.solutions and cryptoasset.io as part of its plan to explore opportunities in areas of cryptocurrencies, coins, tokens and other cryptoassets.

Real estate

Sperry Commercial Global Affiliates signed a national license agreement with CoStar Group Inc. under which all Sperry Commercial Global Affiliate brokers will have access to CoStar's database of commercial real estate.

Administration

Insperity Inc. rolled out Insperity Premier platform, a cloud-based human capital management system.

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