WASHINGTON, Feb. 28, 2019
/PRNewswire/ -- The Electronic Transactions Association
(ETA) and Worldpay will bring ten Startups to TRANSACT, the world's
largest payments technology event, for a special Startup fellowship
program to work on solving the critical challenges facing the
payments industry. Payments' NexTen fellows will have the
opportunity to 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, April 30 –
May 2 in Las Vegas.
"The payments industry is growing rapidly and creating new
opportunities for enterprising innovators to improve customer pain
points and solve complex technological challenges," said
Amy Zirkle, vice president of
industry affairs, ETA. "The Payments' NexTen at TRANSACT supports
the next generation of problem solvers in the payments space."
"Worldpay prides itself on advancing the ways the world pays
which is why we are thrilled to partner with ETA to support this
creative approach to solving payment complexity," said Asif Ramji, chief product and marketing officer,
Worldpay. "We look forward to the entrepreneurial, creative,
outside thinking from payment innovators that may be the impetus
for future payment disruption."
The ten Payments' NexTen Startups will receive complimentary
registration and exhibit space on the TRANSACT floor. To join the
next generation of payments innovators, Startups must answer the
following problem statements identified by ETA and Worldpay:
- 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?
Full application criteria and edibility for Payments' NexTen at
TRANSACT is found here. Application deadline is March 8, 2019.
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.
About Worldpay
Worldpay, Inc. (NYSE: WP; LSE: WPY) is a leading payments
technology company with unique capability to power global
omni-commerce. With an integrated technology platform, Worldpay
offers a comprehensive suite of products and services, delivered
globally through a single provider. Worldpay processes over 40
billion transactions annually, supporting more than 300 payment
types across 146 countries and 126 currencies. The company is
focused on expanding into high-growth markets and customer segments
including global eCommerce, integrated payments and B2B. Visit us
at www.worldpay.com
CONTACT: Laura Hubbard,
202-677-7406, lhubbard@electran.org
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SOURCE ETA