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Fintech focus: Visa introduces solution for managing payment tokens

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.

Banking and lending

Rushmore Loan Management Services LLC signed a renewal agreement for Black Knight Inc.'s LoanSphere MSP, an end-to-end solution that encompasses all aspects of servicing for both first mortgages and home equity loans and lines of credit.

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Bahrain Commercial Facilities Co. BSC entered into a long-term strategic partnership with Mastercard Inc. The deal will cover promotional activities, products development, technical support and advisory services that will cater to Bahraini cardholders.

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CoreLogic Inc. expanded Mercury Network with the launch of Xcelerator, a solution that streamlines the scheduling process for appraisals by connecting lenders, borrowers, appraisers and real estate agents.

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CoreLogic's LoanSafe Risk Manager suite is now available on INTEGRA Software Systems' legacy Destiny Loan Origination System and INTEGRA's web-based EPIC Loan Origination Systems.

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Siam Commercial Bank PCL adopted some Thomson Reuters Corp. wealth management tools and digital solutions, including flagship desktop product Eikon and Thomson Reuters Knowledge Direct.

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Under an agreement, Banco Santander SA will leverage Appian Corp.'s platform in the cloud for enterprise process improvement.

Payments

ProPay, a Total System Services Inc. company, expanded its global disbursement funds and commissions platform to UnionPay cardholders in mainland China.

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Visa Inc. introduced Token Management Service, a solution designed to unify management and secure customer payment data. Token Management Service enables an integrated view of payment preferences and behaviors across a merchant's commerce platforms, processing environments, geographies, payment types and card brands.

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Frozen Food Express and its parent company, KLLM Transport Services Inc., moved their payments business to EFS, a WEX Inc. company and provider of fleet payment solutions.

Insurance and healthcare

Connecture Inc. and Geisinger Health Plan signed a contract under which the companies will roll out a technology solution that will provide web-based shopping and enrollment for Geisinger's Medicare Advantage, small group, individual and family products along with digital quoting tools for brokers and call center agents.

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Cerner Corp. is collaborating with Surescripts LLC to integrate Surescripts' prescription benefit functionality into Cerner's Millennium electronic health record. Surescripts' prescription benefit will integrate directly into the physician's workflow to provide patient-specific prescription information at the point of care.

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UnitedHealth Group Inc. is planning to offer data and analytics, technology and care coordination to support the bundled payment models of healthcare providers, including those participating in the Centers for Medicare & Medicaid Services' Bundled Payments for Care Improvement Advanced program.

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Ameritas Life Insurance Corp. expanded its use of Insurance Technologies Corp.'s FireLight environment to provide its field partners with wizard-type e-application experience.

Trading, investing and information management

Ebix Inc. is supporting Lloyd's of London's attempt to mandate the use of the Ebix-powered electronic placing platform PPL exchange, which would push brokers and underwriters to switch from paper-based to electronic trading.

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Tennessee selected Everbridge Inc. as its partner to power daily communications for both operational and emergency-related events for all state departments and agencies.

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Net Element Inc. joined Enterprise Ethereum Alliance, an open-source blockchain initiative established to build, promote and support Ethereum-based technology best practices, open standards and open-source reference architectures.

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Automatic Data Processing Inc. teamed up with online employment marketplace ZipRecruiter Inc. to bring ZipRecruiter's technology to its client base of small businesses across the U.S.

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Under a strategic partnership, the power of Pegasystems Inc.'s artificial intelligence-driven customer decisioning platform and Idio's content intelligence engine will be combined for business-to-business, or B2B, organizations. Idio is a demand orchestration platform for B2B marketing.

Security and analytics

Palo Alto Networks Inc. introduced its upgraded PA-220R next-generation firewall, which is designed to prevent cyberattacks in the network environments of industrial control systems and supervisory control and data acquisition systems.

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Fair Isaac Corp. said its analytic orchestration, optimization modeling and programming language, FICO Xpress Mosel, is now available to everyone free of charge.

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Mitek Systems Inc. said a car rental brand will use its Mobile Verify, allowing customers to remotely check-in for their car reservation through the company's mobile app. With Mobile Verify integrated into the app, customers will be able to snap a picture of their driver's license with their smartphone camera to verify their identities and remotely check-in, enabling them to bypass the counter and go straight to their vehicle.

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Mobile app security provider Entersekt Pty Ltd. entered into a partnership with Equifax Inc. Under the partnership, Equifax licensed Entersekt's product, Transakt, to serve as an additional layer of security protecting Equifax's online and mobile services.

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Unisys Corp. said the U.S. government certification of Unisys Stealth microsegmentation security software to protect classified information systems has been expanded to include those running on Microsoft 10 and Windows Server 2016. The expanded certification extends the range of systems that can leverage Unisys Stealth software.

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Worldpay Inc. released DataEdge for Financial Institutions, a data insights and analytics tool powered by Worldpay's Vivid Data Engine. DataEdge for Financial Institutions is a reporting solution that gives banking professionals access to credit and debit card portfolios through a single dashboard.

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