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Insmed Reports Inducement Grants Under NASDAQ Listing Rule 5635(c)(4)

PR Newswire

BRIDGEWATER, N.J., April 7, 2021 /PRNewswire/ — Insmed Incorporated (Nasdaq:INSM), a global biopharmaceutical company on a mission to transform the lives of patients with serious and rare diseases, today announced the granting of inducement awards to eight new employees. In accordance with NASDAQ Listing Rule 5635(c)(4), the awards were approved by Insmed’s Compensation Committee and made as a material inducement to each employee’s entry into employment with the Company.

In connection with the commencement of their employment, the employees received options on April 1, 2021 to purchase an aggregate 247,850 shares of Insmed common stock at an exercise price of $35.44 per share, the closing trading price on the Nasdaq Global Select Market on the date of grant.

Time-based options to purchase an aggregate of 18,290 shares of Insmed common stock were granted to six of the eight new employees. These options have a ten-year term and a four-year vesting schedule, with 25% of the shares subject to the option vesting on the first anniversary of the relevant grant date and 12.5% of the shares subject to the option vesting every six months thereafter through the fourth anniversary of the relevant grant date, subject to the relevant employee’s continued service with Insmed on the applicable vesting date.

Two new employees, Chris Bailey-Kellogg and Karl E. Griswold, each received options to purchase 57,390 shares of Insmed common stock that are subject to time-based vesting on the terms described above, as well as options to purchase 57,390 shares of Insmed common stock that are subject to performance-based vesting. The performance-based options will vest in two equal tranches upon the achievement of certain regulatory milestones.

About
 
Insmed

Insmed Incorporated is a global biopharmaceutical company on a mission to transform the lives of patients with serious and rare diseases. Insmed’s first commercial product is a first-in-disease therapy approved in the United States and Europe to treat a chronic, debilitating lung disease. The Company is also progressing a robust pipeline of investigational therapies targeting areas of serious unmet need, including neutrophil-mediated inflammatory diseases and rare pulmonary disorders. Insmed is headquartered in Bridgewater, New Jersey, with a growing footprint across Europe and in Japan. For more information, visit www.insmed.com.

Contact:

Investors:

Eleanor Barisser
Associate Director, Investor Relations
Insmed
(718) 594-5332
[email protected]

Media:

Mandy Fahey

Senior Director, Corporate Communications
Insmed
(732) 718-3621
[email protected]

 

 

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SOURCE Insmed Incorporated

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IBM Cloud for Financial Services Accelerates Innovation with Support for Red Hat OpenShift and Other Cloud-native Services

SAP joins ecosystem of more than 90 partners and FinTechs serving financial institutions worldwide

BNP Paribas onboards workloads to IBM Cloud for Financial Services

PR Newswire

ARMONK, N.Y., April 7, 2021 /PRNewswire/ — IBM (NYSE: IBM) today announced that the general availability of the industry’s first financial services-ready cloud platform, IBM Cloud for Financial Services, now including the support for Red Hat OpenShift and other cloud-native services. First revealed in 2019, the IBM Cloud for Financial Services was designed in collaboration with Bank of America. Since then, IBM has built a cloud environment capable of supporting the needs of the financial services industry for their mission-critical workload and data protection, with our compliance capabilities and industry-leading security1. The IBM Cloud for Financial Services is designed to help to reduce risk for financial institutions, their partners and FinTechs, and innovate quickly with built-in controls that are adhered to by the entire ecosystem.

 

In addition to Bank of America, IBM is working with several global financial institutions such as BNP Paribas, Luminor Bank, MUFG and more. The IBM Cloud for Financial Services is supported by an ecosystem of more than 90 collaboration partners including new additions EY and Tata Consultancy Services, Independent Software Vendors (ISVs) and Software as a Service (SaaS) providers. As part of today’s announcement, SAP has joined the IBM Cloud for Financial Services ecosystem, giving clients a diverse set of applications to deploy via the platform.

“Together with some of the world’s largest banks and leaders in regulatory compliance we are driving a change in cloud adoption for highly regulated industries, aiming to improve the security and compliance posture for the industry,” said Howard Boville, Head of IBM Hybrid Cloud Platform. “With a focus on data security delivered with IBM’s confidential computing and sophisticated encryption capabilities, we aim to reduce risk in the supply chain for banks, insurers and other financial services industry players, and at the same time accelerating the time by which they can drive and consume innovation.”  

Secured Platform Designed for Open Innovation

With the general availability of IBM Cloud for Financial Services, the financial services industry, including technology partners, can now build applications with Red Hat OpenShift, migrate virtual machine workloads, and establish compliance profiles across their workloads– to help support their continuous compliance needs. Financial services institutions can now accelerate their cloud journeys with IBM Cloud for Financial Services’ built-in security and compliance controls for both cloud-native and VMware workloads.

“We’re excited to continue our partnership with IBM to help enable financial institutions and their ecosystem partners to confidently host apps and workloads on the IBM Cloud for Financial Services using VMware infrastructure,” said Fidelma Russo, SVP and GM, Cloud Services Business Unit, VMware. “We find the platform helps demonstrate security and readiness for regulatory compliance more efficiently, can bring significant value to the financial services supply chain.”

IBM Cloud for Financial Services is built on IBM Cloud, the industry’s most secure and open cloud for business, which uses Red Hat OpenShift as its primary Kubernetes environment to manage containerized software across the enterprise, and includes more than 200 API driven, cloud native PaaS services to create new and enhanced cloud-native apps. Developer and ecosystem partners can build and modernize in a secured environment to drive innovation for today’s modern customer. 

Safeguard Data with Confidential Computing

To protect data across cloud-native and VMware workloads, IBM Cloud for Financial Services uses IBM’s fourth-generation confidential computing capabilities and ‘Keep Your Own Key’ encryption delivered via IBM Hyper Protect Services and backed by the highest level of security certification commercially available1. This gives enterprises technology-backed control of their own encryption keys so clients are the only ones who can control access to their data. This same hardware-based assurance enables confidential computing, meaning that financial institutions can process critical data in a secured enclave within a shared cloud environment.

To ease cloud adoption for financial services clients IBM developed IBM Cloud for Financial Services to help address the security and regulatory requirements of the heavily regulated industry. Central to the platform is the IBM Cloud Framework for Financial Services which delivers an industry-informed set of security and compliance controls to operate securely with bank-sensitive data in the public cloud. This was developed with Bank of America and Promontory, a global leader in financial services regulatory compliance consulting, and will continue to be maintained by IBM’s Financial Services Cloud Council, led by Howard Boville, Head of IBM Hybrid Cloud Platform.

SAP Joins IBM Cloud for Financial Services Ecosystem

IBM Cloud for Financial Services established a growing ecosystem of more than 90 ISVs and SaaS providers to help enable financial services organizations integrate offerings from third-party providers and modernize core applications to improve the customer experience. With the addition of SAP, clients can now quickly engage with the largest enterprise app company across their workloads.

IBM will guide ISV and SaaS providers through each step of the onboarding process, which includes a technical and security assessment, workload migration, and readiness validation designed to address third- and fourth-party risk. The IBM Cloud for Financial Services features a control framework designed to help financial institutions reduce expenses and accelerate revenue growth while fostering a secure and compliant partner ecosystem.

This process supports partner compliance initiatives with the IBM Cloud Framework for Financial Services requirements and efficient onboarding through a systematic approach supported by IBM’s technical, security, and regulatory teams. For more information, visit here.

BNP Paribas
Drives Innovation with
Ecosystem
Partners

Based on IBM Cloud technology, the BNP Paribas-dedicated MZR located in Paris will now be equipped with the security and controls to begin onboarding the bank’s workloads and ecosystem partners to the IBM Cloud for Financial Services. BNP Paribas already migrated more than 40 line-of-business applications to the platform, with plans to speed up the migration for the years coming. BNP Paribas technology partners are also in the process of working with BNP Paribas to initiate the onboarding process in order to develop solutions and transact in a secure environment.

“IBM has been our long-time partner in large part for their knowledge of cloud technology, security, including data encryption, and deep industry expertise associated with banking regulations. We’re collaborating with IBM to establish a BNP Paribas-dedicated cloud that is compatible with all the constraints that are imposed by regulators throughout the world,” said Bernard Gavgani, Global CIO, BNP Paribas.

For more information on IBM Cloud for Financial Services, visit www.ibm.com/cloud/financial-services 

IBM Cloud for Financial Services clients can soon access on demand training and certification programs via the IBM Center for Cloud Training. The program, available later this month, will introduce IBM Cloud for Financial Services core concepts, key components and real-world applications, as well as solution architectures.


1 – 

Based on IBM Hyper Protect Crypto Service, the only service in the industry built on FIPS 140-2 Level 4-certified hardware. FIPS 140-2 Security Level 4 provides the highest level of security defined in this standard. At this security level, the physical security mechanisms provide a comprehensive envelope of protection around the cryptographic module with the intent of detecting and responding to all unauthorized attempts at physical access.

Contact:

Kaveri Camire

IBM Communications
[email protected] 

Suzanne Cross

IBM Communications
[email protected] 

 

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SOURCE IBM

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myFICO Celebrates 20 Years of Empowering Consumers with Enriched Credit Education

Thanks to the Transparency and Resources Offered by myFICO, 76% of Members Surveyed Feel More Confident They Have a Higher Level of Credit Score Knowledge

PR Newswire

SAN JOSE, Calif., April 7, 2021 /PRNewswire/ — FICO (NYSE: FICO) is honored to celebrate 20 years of helping consumers access their FICO® Scores, become more informed of their credit standing and enrich their lives through myFICO.com.

With the launch of myFICO.com in 2001, for the first time ever, consumers were able to get direct access to their FICO® Score alongside a detailed explanation of their FICO® Score and information to better understand their credit.  FICO, being at the forefront of this transparency revolution in credit scoring, launched myFICO to help everyday people see how lenders may view their credit, forever changing the consumer’s role in the lending process. FICO® Scores are used by 90% of the top U.S. lenders.

Over the last two decades, myFICO has remained committed to ensuring transparency and providing best-in-class financial education resources and timely features for consumers’ credit journeys with myFICO delivering an average of 6,400,000 alerts per month regarding credit bureau, FICO® Score and identity related changes.

In a recent survey of both myFICO members and a random population, findings revealed that myFICO members exemplify a higher level of confidence surrounding their knowledge about credit scores.  The survey findings showed that myFICO members were more likely to be confident they have a higher level of credit score knowledge – 76% of respondents self-identified as very knowledgeable/knowledgeable about credit scores versus only 59% of the general population who said that they were very knowledgeable/knowledgeable. 

Additionally, in a related credit score quiz survey, the data showcased that myFICO members answered 80% of the questions correctly compared to the 51% of the random consumer population.

“Before myFICO was introduced, consumers had limited resources to help them understand their assessment of credit risk as well as limited insight into their financial health,” said Geoff Smith, vice president, Scores at FICO. “Over the past 20 years, myFICO has provided millions of consumers access to their FICO® Scores, the score used by 90% of top U.S. lenders, to help consumers get fair and fast access to credit education.”

“This is a major milestone celebrating two decades of innovating, educating, guiding and creating space for communities to lean towards a life of financial wellness and hope,” said Marsha Barnes, founder, The Finance Bar. “As a woman of color, I know first-hand how essential it is for individuals to feel included and empowered, and it has been an honor to work alongside FICO to serve those who are enthusiastic about the impact that their credit scores can have for themselves and their families.”

myFICO continues to evolve as FICO remains committed to educating consumers along their credit journey. For example, myFICO solutions now have enhanced features like positive score factors, insightful score ingredient ratings, credit bureau attributes and the FICO® Score Simulator, which helps consumers understand how future credit choices may impact their FICO® Scores. These additional features continue to promote transparency in credit scoring and the lending process as they help demystify credit scores for everyday consumers.

“Congratulations to myFICO on 20 years of helping consumers understand their credit,” said Ted Rossman, industry analyst at CreditCards.com. “Your FICO® Score is one of the most important numbers in your financial life. myFICO has helped countless Americans gain a better understanding of important milestones like buying a home and paying off debt.”

In addition to myFICO, other FICO initiatives provide consumers access to their FICO® Scores through the FICO® Score Open Access Program and Score a Better Future events which help consumers build a better understanding of their FICO® Scores. To get more information on myFICO’s 20th anniversary, please visit: https://www.myfico.com/20years.

About myFICO
myFICO makes it easy to understand your credit with FICO® Scores, credit reports and alerts from all 3 bureaus. myFICO is the consumer division of FICO– get your FICO Scores from the people that created the FICO Scores. For more information, visit https://www.myfico.com.

About FICO
FICO (NYSE: FICO) powers decisions that help people and businesses around the world prosper. Founded in 1956 and based in Silicon Valley, the company is a pioneer in the use of predictive analytics and data science to improve operational decisions. FICO holds more than 195 U.S. and foreign patents on technologies that increase profitability, customer satisfaction and growth for businesses in financial services, telecommunications, health care, retail and many other industries. Using FICO solutions, businesses in more than 100 countries do everything from protecting 2.6 billion payment cards from fraud, to helping people get credit, to ensuring that millions of airplanes and rental cars are in the right place at the right time. Learn more at https://www.fico.com. Join the conversation at https://twitter.com/fico & https://www.fico.com/en/blogs/

For FICO news and media resources, visit www.fico.com/news.
FICO is a registered trademark of Fair Isaac Corporation in the United States and other countries.

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SOURCE FICO

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U.S. Air Force selects Collins Aerospace to modernize B-52 wheels and brakes

– Air Force chooses Collins for B-52 Wheel and Brake System Improvement program leading to fleet retrofit of 77 aircraft

– With proprietary DURACARB® carbon heat sink material, Collins brakes provide an increased wear life that will help reduce B-52 maintenance time and cost while increasing aircraft availability

PR Newswire

TROY, Ohio, April 7, 2021 /PRNewswire/ — As the U.S. Air Force extends the operational service life of the B-52 Stratofortress into the 2050s, it has selected Collins Aerospace, a Raytheon Technologies (NYSE: RTX) business, to design and develop a new wheel and carbon brake for the platform, leading to fleet retrofit of 77 aircraft.

Collins will design the new wheel and carbon brake for the B-52H using the company’s proprietary DURACARB® carbon heat sink material. With its increased wear life, DURACARB® will allow the Stratofortress to conduct more landings per overhaul, helping to reduce maintenance time and cost while increasing aircraft availability. DURACARB®’s ability to handle higher thermal energy loads during braking will also increase the safety margin when stopping heavily-loaded B-52s. 

“Since the first Stratofortress variant took flight in the 1950s, Collins Aerospace has been onboard,” said Ajay Mahajan, vice president, Landing Systems for Collins Aerospace. “Our world-class engineers will develop a solution that offers seamless technology insertion to help sustain the B-52 as it continues flying for another three decades.”

Collins is a leading provider of wheels and brakes for military platforms as the supplier for the U.S. Air Force’s F-15, F-16, C-5, C-130 and Global Hawk fleets. Collins has also completed wheel and brake upgrades for several air forces around the globe. In total, the company provides wheels and brakes for more than half of all active C-130s worldwide. Recently, Collins’ military wheels and brakes division was part of a combined Air Force and Defense Logistics Agency government-industry team that received the 2020 Secretary of Defense Performance Based Logistics Award, Subsystem Level.

Collins currently supplies numerous systems for the B-52, including generators, communication and navigation systems, environmental control systems, engine systems and sensors. Collins is actively working with the Air Force and the plane’s manufacturer to explore how it can support further B-52 modernization efforts, including communications and avionics upgrades.

About Collins Aerospace

Collins Aerospace, a unit of Raytheon Technologies Corp. (NYSE: RTX), is a leader in technologically advanced and intelligent solutions for the global aerospace and defense industry. Collins Aerospace has the extensive capabilities, comprehensive portfolio and broad expertise to solve customers’ toughest challenges and to meet the demands of a rapidly evolving global market. For more information, visit CollinsAerospace.com.

About Raytheon Technologies

Raytheon Technologies Corporation is an aerospace and defense company that provides advanced systems and services for commercial, military and government customers worldwide. With four industry-leading businesses ― Collins Aerospace, Pratt & Whitney, Raytheon Intelligence & Space and Raytheon Missiles & Defense ― the company delivers solutions that push the boundaries in avionics, cybersecurity, directed energy, electric propulsion, hypersonics, and quantum physics. The company, formed in 2020 through the combination of Raytheon Company and the United Technologies Corporation aerospace businesses, is headquartered in Waltham, Massachusetts.

 

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SOURCE Raytheon Technologies

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Cardio Industry Executive Ed Rieflin Appointed to Chair Vvital Biomed

Ed Rieflin brings 19 years of leadership experience from Thoratec, St. Jude Medical and Abbott Laboratories to advance Vvital’s mitral valve solution

PR Newswire

MISGAV, Israel, April 7, 2021 /PRNewswire/ —  Vvital Biomed Ltd.(“Vvital”), a portfolio company of The Trendlines Group (SGX: 42T) (OTCQX: TRNLY), announced the appointment of Ed Rieflin as Chair of the Board.

Ed brings 19 years of executive leadership experience and success from Thoratec, St. Jude Medical and Abbott Laboratories, where he served as Senior Vice President of Heart Failure. Commenting on the appointment Rieflin said, “Long-term treatment solutions to mitral valve regurgitation are the holy grail of this sector. Vvital’s approach is highly promising, and I am thrilled to join the team in pursuing the development of their technology for the market.”

Vvital is developing a unique transcatheter mitral valve repair solution to treat and prevent recurrence of mitral regurgitation (MR), combining two repair techniques in one procedure and with one device implant. The mitral valve leaflets repair technique, together with its “annuloplasty effect,” increases the longevity of the mitral valve leaflets regurgitation repair.

Current Transcatheter Valve Repair solutions repair the valve leaflets but lack the ability to provide a long-term solution, which may lead to recurrent MR. Unlike current solutions, Vvital’s Transcatheter Mitral Valve Repair invention is appropriate for primary and secondary MR, therefore applicable to 95% of MR patients. It is performed with minimal trauma to the native valve on a beating heart.

Vvital CMO, Aram Smolinsky MD, the heart surgeon who introduced mitral valve repair to Israel and inventor of the Vvital solution, further elucidates, “Vvital’s procedure immediately repairs the mitral valve regurgitation. Over time, the implant is surrounded by tissue ingrowth and becomes an integral part of the native mitral valve. The implant maintains the valve’s dimensions and prevents future valve dilation and recurrent MR (annuloplasty effect).”

Vvital CEO, Nir Golan remarked, “A true industry expert, Ed Rieflin is a great addition to our company. He will provide invaluable strategic and tactical advice to address the cardio market and further bolster the company’s capabilities in bringing its solution for mitral and tricuspid valve repair to the market.”

Contact information:

Nir Golan, CEO Vvital Biomed
[email protected]
Phone: +972.54.440.7090

 

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SOURCE Vvital Biomed

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uBreakiFix Grows Franchise Footprint In Castle Rock Area

Electronics Repair Business Keeps Castle Rock Community Connected

CASTLE ROCK, Colo., April 07, 2021 (GLOBE NEWSWIRE) — Electronics repair shop uBreakiFix is now open in Castle Rock at 312 Metzler Drive Unit C. The store offers repairs on smartphones, tablets, computers, and more to help the community stay connected.

uBreakiFix Castle Rock is owned by Matt Troyer and Eric Atchley. Troyer is currently an Asurion contractor and recently began partnering with uBreakiFix.

“As a resident of Douglas County, I saw the need for a reliable and convenient electronics repair service here,” said Troyer. “uBreakiFix is dedicated to providing high quality service at affordable prices and quick turnaround times. Our team is eager to help impact this community by making device repair as quick and easy as possible.”

uBreakiFix offers repair service on anything with a power button, from smartphones, tablets, and computers to drones, hoverboards, and game consoles. To date, uBreakiFix has completed more than 10.8 million repairs at its more than 600 locations across North America. While common fixes include shattered screens, software issues, and camera issues, the brand offers support for most technical problems on any electronic device, regardless of make or model.

“Technology services can be frustrating and highly inconvenient for customers, so we’re aiming to make a difference in the device repair industry through uBreakiFix,” said Troyer. “I look forward to offering top-notch service to customers in this community and hope to become their go-to when electronics break.”

uBreakiFix was founded in 2009 by millennial entrepreneurs Justin Wetherill and David Reiff to fill a gap in the market for affordable, high-quality phone repair. The duo soon partnered with Eddie Trujillo to transition their Internet-based repair brand to a brick-and-mortar model. uBreakiFix began franchising in 2013 and currently operates more than 600 locations across the U.S. and Canada.

“At uBreakiFix, our story has been shaped by an unwavering commitment to continually improving the repair experience for customers,” Wetherill said. “We founded this company to fill a need for high-quality, convenient repair with great service at a fair price. We always say we’re a customer service company first, and a tech company second. As we begin serving Castle Rock and the surrounding communities, we look forward to sharing the care and credibility that define the uBreakiFix experience.”

For more information and to view a service menu, visit ubreakifix.com/locations/castlerock. uBreakiFix Castle Rock is located at:

uBreakiFix

312 Metzler Dr Unit C, Castle Rock, CO 80104

(720) 643-5942


About uBreakiFix


Founded in 2009, uBreakiFix specializes in the repair of small electronics, ranging from smartphones, game consoles, tablets, computers, and everything in between. Cracked screens, software issues, camera issues, and most other problems can be repaired by visiting uBreakiFix stores across the U.S. and Canada. Since 2016, uBreakiFix has served as the exclusive walk-in repair partner for Google Pixel customers. In 2018, uBreakiFix became a Samsung Care authorized service provider offering same-day, in-person support for Samsung Galaxy customers across the U.S. In 2019, uBreakiFix joined the Asurion family and now operates as a subsidiary of the tech care company while still maintaining the uBreakiFix leadership team and franchise model. For more information, visit

ubreakifix.com

.

For more information, contact:

Natalie Chapo
404-717-2534
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c0988483-3562-484b-8885-5098bae37245



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US Payments Forum Market Snapshot: Industry Works to Secure E-commerce Transactions; Touchless is Here to Stay; and EMV at the Pump Moves Forward

PRINCETON JUNCTION, N.J., April 07, 2021 (GLOBE NEWSWIRE) — The U.S. Payments Forum today released its latest Market Snapshot providing a look at the state of the industry, including the accelerated shift to touchless payments and e-commerce, the long-term impact on payments technology due to COVID-19, the transition to EMV® at the pump, and current Forum priorities and projects.

State of the Market: Impact of COVID-19 on E-commerce, and the Petroleum EMV Liability Shift

Many consumers have shown preference for e-commerce over the past year in response to COVID-19. As a result, retailers have worked to enhance online shopping and payment experiences and the technology to secure against e-commerce fraud.

Accertify observed that while the overall number of data breaches were down last year, according to privacyrights.org, the total number of records breached were up 50-60%. Large contributors to these breaches were social engineering schemes such as phishing and smishing, often motivated by government stimulus checks and other financial targets.

With synthetic identity fraud on the rise, the industry is looking to stronger authentication measures to improve identity validation at time of account opening and to techniques like EMV 3DS and tokenization to improve authentication and security during transactions. Artificial Intelligence has also seen increased interest for seamless security, as it can identify fraudulent online transactions based on predictive pattern matching.

The EMVi liability shift for the petroleum industry is less than a month away, and petroleum retailers have undergone major adjustments to enable EMV at the fuel pump. Mastercard reported 33% of transactions at the pump are now EMV. Though fuel stations are still facing migration challenges, this progress is expected to continue. The Forum has provided several resources on the topic, which are available on the Forum website, and will continue to develop guidance to support this transition.

Trending Topic: Touchless Technology and Long-lasting Impacts Post-COVID

COVID-19 accelerated touchless experiences and digitization for businesses, and the technologies that emerged to support these needs are expected to leave a lasting impact. Contactless payments have seen a major rise in acceptance, with one major retailer sharing that they saw contactless use rise from 1 to 2% to around 15%. Transit has been a major driver for contactless growth. The Metropolitan Transportation Authority (MTA) in New York City recently shared the fare payment system has recorded 50 million taps since the platform rolled out in May 2019, and the rate of taps-per-day is also reaching new highs. MTA reported a record number of OMNY taps in one day in March 2021 with 339,000 taps.

Consumer payment habits have changed as they have grown comfortable with contactless payments, and many prefer it. According to the Visa Back to Business Study, two-thirds (65%) of global consumers surveyed would prefer to use contactless payments as much as, or more than, they are currently. Even when the vaccine is widely available, three in four of small to medium businesses expect consumers to continue to favor contactless payments.

But even with these changes, education is still a priority for the Forum as many consumers may not know they can tap their card or device. In an American Express survey shared at the meeting, 34% of U.S. consumers surveyed did not know if a card was contactless capable, 29% of people said they did not know how to use a contactless capable card, and 28% did not know where to use one. The Forum has published a number of educational resources for contactless including GetContactless.com and the U.S. Payments Forum’s Consumer Experience at the Contactless Point-of-Sale white paper.

Merchants of all sizes have worked to prioritize new payment and delivery methods to meet customer expectations. Methods in the omni-channel space, like Buy-Online-Pickup-in-Store (BOPIS), curbside, and delivery and have seen successful adoption across retail. QR codes and payment through mobile apps have also become more widely accepted, and customers will continue expect all of these options post-pandemic.

Forum Priorities: Solving Cross-Industry Issues

With over 360 registrations, this was the first Forum Virtual Member Meeting led by Director Jason Bohrer, who was appointed to the position in December 2020. Members attended a successful networking session during the event to get to know Bohrer and further develop the goals for the Forum in the year ahead.

The Forum meeting also focused on new cross-industry implementation topics to contribute education and technical guidance; topics included the implications of the use of eight-digit bank identification numbers (BINs) across the ecosystem, PAR implementation, mobile driver’s license (mDL) implementation and others.

The Forum has numerous EMV and emerging technology-related education projects currently underway, including:

  • A resource on device authentication and cardholder verification techniques for mobile in-app and remote payments
  • A mini-series of educational resources on trending topics related to fraud
  • An educational resource on EMV 3DS outlining the data fields that are deemed most useful for mitigating fraud for merchants and issuers
  • A white paper on debit routing and tokenization with card-on-file transactions
  • A resource providing best practices for contactless acceptance at the point of sale
  • A resource providing transit industry guidance for processing aggregated contactless open payments transactions
  • A resource on cardholder verification method (CVM) choice at unattended terminals
  • A white paper on fleet card acceptance at fuel pumps
  • A project documenting retailer and financial institution use cases for mobile driver’s licenses

Resource Recap

The U.S. Payments Forum published the following resources over the past quarter:

  • Intake Form Terminology for EMV Level 3 POS Certification, a resource providing common definitions of terms used in Level 3 certification intake forms
  • Common Intake Form Questionnaire and Terminology for EMV Level 3 POS Certification, a white paper providing recommendations to enhance the understanding of common EMV terminology used in certification intake forms [members only]
  • Payments Resource Brief: Data Integrity Fraud, the first resource published on trending fraud topics by the Forum Card-Not-Present (CNP) Fraud Working Committee [members only]

Organizations, associations, government agencies and individuals interested in participating in upcoming projects and initiatives can visit the Forum website to learn about how to become a member. For membership levels, benefits and the application, visit
http://www.uspaymentsforum.org/membership/membership-benefits/.

About the U.S. Payments Forum

The U.S. Payments Forum is a cross-industry body focused on supporting the introduction and implementation of new and emerging technologies that protect the security of, and enhance opportunities for payment transactions within the U.S. The Forum is the only non-profit organization whose membership includes the whole payments ecosystem, ensuring that all stakeholders have the opportunity to coordinate, cooperate on, and have a voice in the future of the U.S. payments industry.

Contact

Adrian Loth and Dana Kringel
Montner Tech PR
203-226-9290
[email protected]
[email protected]

i
EMV® is a registered trademark in the U.S. and other countries and an unregistered trademark elsewhere. The EMV trademark is owned by EMVCo, LLC.  



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CapLinked Helps Telegraph Hill Advisors Keep Their Clients’ Data Safe

Telegraph Hill Advisors, an investment bank for emerging growth technology companies, is a standout example of the rapidly growing roster of advisory firms using CapLinked’s software to securely share information and manage transaction workflow

LOS ANGELES, April 07, 2021 (GLOBE NEWSWIRE) — CapLinked, Inc. (https://www.caplinked.com/), a developer of cloud-based information control software, lauded its long-term relationship with San Francisco-based investment bank Telegraph Hill Advisors as a prime example of how its cloud-based software is being used to manage multi-party deals and projects.

Telegraph Hill Advisors (THA) stands out as more than just one of the financial services firms from around the world using CapLinked’s software to manage their complex deals. As a boutique investment bank working in the fast-moving world of emerging growth technology companies, THA requires a platform that can safeguard their clients’ sensitive data while delivering the workflow needed for their team to complete time-sensitive transactions.

CapLinked’s fintech platform enables clients to securely share information between companies and manage interactions during transactions and complex projects. Hailed by the Wall Street Journal as the “go-to place for setting up and closing deals,” CapLinked’s platform is comprised of three product lines that serve the needs of its diverse client base: 1) an enterprise application for larger firms with complex needs; 2) self-serve accounts for small to medium-sized clients who need to safeguard limited amounts of data; and 3) an application programming interface (API) for clients who want to embed robust information security capabilities in their own applications.

Telegraph Hill Advisors (https://www.telehilladvisors.com/) provides merger and acquisition, capital raising, and financial advisory services to emerging growth technology companies. THA has a core focus on Enterprise Software, Data Analytics, AI/ML, Communications Technology, IoT, and Digital Media. Telegraph Hill’s partners have an average of more than 20 years in the business and they have successfully executed scores of transactions across the technology ecosystem.

“We are honored to have such a strong relationship working with Telegraph Hill Advisors,” said CapLinked CEO Eric M. Jackson. “Their track record of excellence in the fast-moving technology sector speaks for itself. It’s a privilege to work with such an experienced, cutting-edge firm to keep their clients’ data safe and help deals get closed.”

“Telegraph Hill Advisors has counted on CapLinked as a valued partner for more than 5 years,” said Managing Director and Telegraph Hill founding member Scott Sutherland. “CapLinked combines industry-leading security with tremendous ease-of-use, making it the optimal data room solution for when we’re working on deals for our clients. Their software helps accelerate the entire process from setup, to Q&A, to close. We have received universally positive feedback from our clients about CapLinked.”

CapLinked’s capabilities make it a natural choice for investment banks since they face pressure to complete time-sensitive transactions while safeguarding sensitive data. Instead of having to choose between insecure file-sharing apps from consumer software firms and overpriced “virtual data rooms” from legacy providers, CapLinked offers a modern option that combines enterprise-grade security with a user-friendly experience.

The growing list of companies utilizing CapLinked spans industries such as financial services, pharmaceuticals, and energy. CapLinked’s diverse list of global clients include advisory firms such as FTI Consulting, Ernst & Young, KPMG; corporations such as Roche, Hess, and Takeda; private equity and venture capital firms such as Founders Fund and Crosslink Capital; and investment banks such as Piper Sandler, Raymond James, and Stephens Inc.

About CapLinked, Inc.

CapLinked, Inc. is a fintech innovator whose cloud-based platform is used to protect information shared between firms and manage interactions during multi-party projects. Thousands of companies in over 113 countries worldwide rely on CapLinked’s enterprise, self-serve, and API product lines. CEO Eric M. Jackson (PayPal’s first head of US marketing) and COO Christopher Grey (former private equity and investment banking executive) founded the company in 2010. CapLinked is a trademark of CapLinked, Inc. Visit https://www.caplinked.com to learn more.



(888) 799-6849
[email protected]

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Boulder AI announces partnership with Advanced Mobility Analytics Group (AMAG)

New partnership focusing on road safety is transforming the traffic industry

Boulder, Colorado, April 07, 2021 (GLOBE NEWSWIRE) — Advanced Mobility Analytics Group (AMAG) has partnered with Boulder AI to deliver world-leading video and predictive analytics for road safety management and operations. Boulder AI’s patented edge-enabled Deep Neural Network Camera (DNNCam™) with IoT and app store capability will unleash the technology that AMAG is delivering through its SMART Platform. Together, Boulder AI and AMAG are poised to deliver world-leading technology for managing road safety operations in support of Smart City and Vision Zero initiatives. Boulder AI’s DNNCam™ is a system capable of replacing tedious, dangerous, and subjective visual tasks such as counting, sorting, and observational reporting.

“Boulder AI is a clear leader in the development of edge-enabled camera hardware with on-board CPU and GPU processing power sufficient to meet the needs of high bandwidth requirements for video analysis,” said AMAG CEO Simon Washington. “This partnership with Boulder AI represents a significant leap forward for AMAG in terms of our end-to-end offering to current and future customers. The advantages of edge-enabled cameras cannot be overstated—they will enable the efficient delivery of our Continuous Safety and Operations Module to customers, minimize cost of processing, drastically reduce time to process video, and most importantly they avoid the need to store video data in the cloud.”

AMAG’s SMART Digital Platform for Transport Safety (delivered via software-as-a-service) coupled with Boulder AI’s edge-enabled cameras will accelerate the ability to deliver real-time safety benefits through the platform and deliver increasing value to customers.

“AMAG is very excited about our partnership with Boulder AI and the integration of our market-leading technologies in video and predictive analytics. A future where cameras can ‘speak to’ nearby infrastructure and automated vehicles in real-time to optimise efficiency and road user risk is inching closer with this technology partnership,” says Washington.

“This collaboration with AMAG will bring extraordinary depth to our current and future traffic industry customers. It represents a paradigm shift in the way this industry will consume continuous data and most importantly – bring our customers a profound way to intuitively use that information,” said Darren Odom, Founder and CTO of Boulder AI.

Attachments 



Darren Odom, Founder and CTO
Boulder AI
(855) 999-4224
[email protected]

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illumy Raises $2.2 Million Angel Round to Accelerate Product Feature Development

The Hyper-Communications™ Platform Continues to Gain Momentum with Technology, Team and Funding

SAN RAMON, Calif., April 07, 2021 (GLOBE NEWSWIRE) — illumy, the first-of-its-kind hyper-communications™ platform, announced today the closing of a $2.2 million angel funding round. The funds will be used to accelerate illumy’s hyper-communications platform and endpoint development as the company prepares to transition from beta to general release, expand its data centers, increase performance and grow its team in a number of key departments.

“The world—and how we communicate—is evolving quickly. Real-time interactions are now the norm, and multimedia-rich hyper-communication with text, voice and video is how everyone will interact in the future,” said Matt McGinnis, founder and CEO of illumy. “This funding enables us to deliver that future and put people at the center of communication, where they belong.”

Powered by a dynamic team that includes leadership from RingCentral and Zoom, illumy is redefining communication as we know it. Its patented, cutting-edge technology bridges the telco and software worlds for the first time and delivers extreme performance and flexibility at drastically lower costs than existing solutions. The platform was built from the ground up and provides an all-in-one experience that enables members to message, group chat, email and make voice, video and phone calls. Committed to never collecting or selling member data, illumy puts people at the center of the communications experience — where they belong.

“With so many different siloed applications vying for our attention — from email, texting and group chat to voice and video calling apps — it’s tough to keep track of it all in today’s fast-paced society,” said Rajiv Kapoor, Founder at Chai Angels LP. “The team at illumy is solving what the big tech leaders have not been able to accomplish and simplifying our lives in the process. We’re excited to invest in illumy, and we look forward to seeing them transform the communications industry.”

To learn more about illumy and its services, visit https://www.illumy.com, and follow @illumyinc on Twitter, Facebook, Instagram and LinkedIn.

About illumy

illumy has pioneered a first-of-its-kind hyper-communications™ platform that solves the problems of outdated and fragmented legacy communications tools. By unifying textual, vocal and visual communications into one seamless experience, illumy members can message, group chat, email, voice call or video call from one ad-free app that never collects or sells any of your data. Its world-class team has diverse expertise across all facets of communications technology. illumy is based in San Ramon, California. Learn more at https://www.illumy.com/.

Contacts

Wynne Ahern, CommStrat for illumy
T. 510.206.2161
[email protected]

Alina Tichacek, CommStrat for illumy
T. 415.625.3451
[email protected]