Market Newsdesk

SAN FRANCISCO, March 31, 2021 (GLOBE NEWSWIRE) — Zenput, the global leader in operations execution solutions, today announced new platform capabilities that enable franchisors to communicate strategic work and initiatives to every store location and equip their franchisees to execute more effectively against them.

Restaurant, convenience store, and other retail franchisors are disconnected from how franchisees operate on a day-to-day basis, especially in today’s environment where operations teams often work remotely and travel less. Brands struggle to communicate and reinforce their strategic initiatives – from food safety to sanitization to customer service – and cannot reliably oversee quality and compliance across every location.

While Zenput is currently used by both franchisors and franchisees to drive operations execution and compliance across more than 50,000 locations, these new capabilities enable franchisors to work together with franchisees on a common operations platform for brand-wide initiatives, with consideration for brands’ approach to data privacy. Specifically, the new capabilities include:

• Brand-wide audits and operating procedures. Franchisors can deploy standardized processes and checklists such as temperature checks across all locations within the brand.
• Brand-wide announcements. Send important news, updates, and content immediately to stores and the field, resend to those who haven’t read an announcement.
• Franchisee compliance reports. Franchisors can track franchisee-compliance against important activities, without exposing details that may reveal sensitive information or liability.
• Automation using location attributes. Using data such as whether or not a location has a drive-thru or certain quantity of ovens, key activities (checklists, announcements, etc.) are automatically customized for each location.

“Quality and consistency are always top priorities for us – in each restaurant and every food product shipped globally,” said Daniel Chin, Director of Operations for Juici Patties. “Zenput gets our teams on the same page in every aspect of our operation, whether it’s running a food safety check in one of the restaurants, confirming a retail promotion placement, or conducting production audits on the manufacturing plants in Jamaica and the UK.”

“The last year has underscored two critical challenges that franchisors face – how can brands more quickly drive change throughout the organization, and know if stores are actually completing the work,” said Zenput CEO Vladik Rikhter. “Our customers now accomplish in minutes what used to take weeks or longer, like updating sanitization processes or verifying food safety compliance. We’re thrilled to bring these capabilities to franchise brands and reshape what’s possible.”

Franchisors can use Zenput brand-wide to partner directly with franchisees in driving compliance against their brand initiatives, or corporate-only for use in company-owned locations and field teams.

About Zenput

Zenput is how top operators elevate team execution in every store. Restaurant, retail, and other multi-unit operators such as Chipotle, P.F. Chang’s, Domino’s, Smart & Final, and 7-Eleven use the platform to automate how operating procedures, public health and food safety protocols, and other key initiatives are rolled out and enforced. Supporting 50,000 locations in over 40 countries, Zenput turns strategy into action faster and equips teams to deliver on it. For more information, visit zenput.com.

For more information contact David Karel at (800) 537-0227, or email [email protected].

MONTVALE, N.J., March 31, 2021 (GLOBE NEWSWIRE) — MICT, Inc. (Nasdaq: MICT), (the “Company”), today announced its financial results for the fourth quarter and full year ended December 31, 2020.

2020 Highlights and Recent Developments

• Generated revenues of $1.2 million in 2020, an increase of 146% over 2019, of which $824,000 was generated in the fourth quarter
• During July 2020 completed the acquisition of GFH Intermediate Holdings Ltd. (“GFHI”).
• In October 2020, entered an agreement to acquire Huapei, a Hong Kong Securities and investment firm. The Company recently completed the 100% acquisition, which facilitated the development of the company’s proprietary stock trading platform by providing the license to trade securities across a number of international stock exchanges, including Hong Kong and the U.S.
• During December 2020, launched insurance platform ahead of schedule, providing revenue late into the fourth quarter and strong momentum into 2021
• In February 2021, acquired a nationwide license to distribute insurance products throughout China, significantly expanding capabilities to develop and sell insurance products b2b, b2b2c and b2c
• During February 2021 entered into a strategic partnership with Shanghai Petroleum and Natural Gas Trading Center, under which MICT will act as a third-party partner to the exchange’s clients to provide trade execution, margin financing and trade clearing capabilities for clients trading futures and commodities contracts.
• Cash balance as of December 31, 2020 of $29 million
• Two fundraises totaling $114 million thus far during 2021

“The year 2020 was pivotal for MICT as we made the transition from telematics to fintech in the China and Southeast Asia market, and established a significant cash balance to execute and support that strategy. Whilst the year presented an overall loss, this can be balanced by the very significant one-off costs necessary to achieve the acquisitions that formed the basis of our go-forward strategy, and we began to reap the benefit of those investments at the end of the year,” commented Darren Mercer, MICT’s CEO.

“Our insurance business started strongly following an encouraging launch in the fourth quarter of 2020, and we continue to see those revenues grow. Additionally, we are excited about the impending launch of both our proprietary stock trading platform, driven by an innovative and targeted marketing strategy and our commodities and futures trading platform, which is supported through our unique relationship with a major force in the Chinese oil and gas industry.

“Whilst the investment in Micronet has begun to show promise, we are especially excited about the potential of our three fintech verticals. The importance of our strong cash balance cannot be understated, given the support it offers to fuel the company’s growth. Both the insurance division and stock trading division have significant resources to support their current respective growth plans, and we are excited to share our upcoming successes with our shareholders as we execute on these carefully crafted plans,” concluded Mr. Mercer.

Q4 2020 Review

Three Months Ended December 31, 2020 Review

• Total revenue in the fourth quarter of 2020 was $824,000 versus $0 in the fourth quarter of 2019. The increase was due in large part to MICT’s insurance business, which was launched in China in December 2020, as well as the gaining controlling interest over Micronet
• Gross profit was ($60,000) in the fourth quarter of 2020 versus $0 in the fourth quarter of 2019.
• Research and development expenses were $254,000 in the fourth quarter of 2020 versus ($6,000) in the fourth quarter of 2019. The increase over the 2019 period was due to our gain of a controlling interest over Micronet on June 23, 2020 and the acquisition of GFHI on July 1, 2020.
• General and administrative expenses were $7.9 million in the fourth quarter of 2020, up from $866,000 in the year-ago period. The increase over the prior year period was due to (i) the acquisitions as noted above, and (ii) an increase in professional and advisory fees in connection with the consummation of the public offering closed on November 2020 and GFHI merger; and (iii) an increase associated with the issuance of options and shares to directors, employees and consultants
• Operating income in the fourth quarter of 2020 was a loss of $9.1 million, up from a loss of $866,000 in the prior-year period. The increase in the operating loss was due primarily to the increase in general and administrative expenses as noted above and an increase in amortization expenses.
• Total net loss in the fourth quarter of 2020 was $7.6 million versus a loss of $9.9 million in the prior-year period.
• As of December 31, 2020, MICT had total cash of $29 million.

Twelve Months Ended December 31, 2020 Review

• Total revenue for the full year 2020 was $1.2 million versus $477,000 in the year-ago period. The increase was primarily due to MICT’s insurance business, which was launched in China in December 2020
• Gross profit was ($58,000) in 2020 versus negative ($369,000) during the same period of 2019
• Research and development expenses were $484,000 in 2020 versus $255,000 in 2019. The increase over the 2019 period was due to our gain of a controlling interest over Micronet on June 23, 2020 and the acquisition of GFHI on July 1, 2020.
• General and administrative expenses were $14.2 million in 2020, up from $3.0 in the year-ago period. The increase over the prior year period was due to i) the acquisitions as noted above, and (ii) an increase in professional and advisory fees in connection with the consummation of the public offering closed on November 2020 and GFH merger; and (iii) an increase associated with the issuance of options and shares to directors, employees and consultants.
• Operating income in 2020 was a loss of $16.6 million versus a loss of $3.9 in the prior-year period. The increase in the operating loss was due primarily to the higher general and administrative expenses noted above and the increase in amortization expenses in 2020.
• Total net loss in 2020 was negative $23.6 million versus a loss of $4.8 million in the prior year.

Twelve Months Ended December 31, 2020 Non-GAAP Review

• Non-GAAP net loss for the year ended December 31, 2020 was $3.9 million or ($0.14) per basic share, as compared to $4.2 million, or ($0.39) per basic share, for the year ended December 31, 2019. This represents a decrease of $356,000, or 8%, for the year ended December 31, 2020 as compared to the same period last year. We believe these non-GAAP financial measures reflect our ongoing business in a manner that allows for meaningful comparisons and analysis of trends in our business, as they exclude expenses and gains that are not reflective of our ongoing operating results. We also believe that these non-GAAP financial measures provide useful information to investors in understanding and evaluating our operating results and future prospects in the same manner as management and in comparing financial results across accounting periods and to those of peer companies.

About MICT, Inc.

MICT, Inc. (NasdaqCM: MICT) operates through its subsidiaries, GFH Intermediate Holdings Ltd (“GFHI”) and its various fully owned subsidiaries or VIE structures. And Micronet Ltd. (“Micronet”). GFHI’s versatile proprietary trading technology platform is designed to serve a large number of high growth sectors in the global fintech space. Primary areas of focus include online brokerage for equities trading and sales of insurance products in several high-growth foreign markets including Asia where GFH owns a substantial propriety database of users. Micronet operates in the growing telematics and commercial Mobile Resource Management (MRM) market, mainly in the United States and Europe. Micronet designs, develops, manufactures and sells mobile computing solutions that provide fleet operators and field workforces with computing solutions in challenging work environments.

Forward-looking Statement

This press release contains express or implied forward-looking statements within the Private Securities Litigation Reform Act of 1995 and other U.S. Federal securities laws. All statements other than statements of historical fact contained in this press release are forward-looking statements. The words “believe,” “may” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy, business prospectus, growth strategy and liquidity. Such forward-looking statements and their implications involve known and unknown risks, uncertainties and other factors that may cause actual results or performance to differ materially from those projected. The forward-looking statements contained in this press release are subject to other risks and uncertainties, including those discussed in the “Risk Factors” section and elsewhere in the Company’s annual report on Form 10-K for the year ended December 31, 2020 and in subsequent filings with the Securities and Exchange Commission. Except as otherwise required by law, the Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.

Contact information:
Tel: (201) 225-0190
[email protected]

MICT, INC.

CONSOLIDATED BALANCE SHEETS

(In Thousands, except Share and Par Value data)

		December 31, 2020				December 31, 2019
ASSETS
Current assets:
Cash and cash equivalents		$	29,049			$	3,154
Restricted cash			–				45
Trade accounts receivable, net			523				–
Short-term loan to Related party Micronet Ltd, net			–				281
Inventories			2,002				–
Other current assets			1,756				937
Total current assets			33,330				4,417
Property and equipment, net			552				29
Intangible assets, net and others			17,374				–
Goodwill			22,405				–
Investment and loan to Huapie			3,038				–
Right of use assets			291				–
Long-term deposit and prepaid expenses			266				–
Restricted cash escrow			477				477
Micronet Ltd. Equity method investment			–				994
Total long-term assets			44,403				1,500
Total assets		$	77,733			$	5,917

MICT, INC.

CONSOLIDATED BALANCE SHEETS

(In Thousands, except Share and Par Value data)

		December 31, 2020				December 31, 2019
LIABILITIES AND EQUITY
Current portion of long term bank loans		$	884			$	–
Trade accounts payable			838				–
Related party			163				–
Other current liabilities			5,102				290
Total current liabilities			6,987				290
Long term loans from others			–				1,856
Long term escrow			477				477
Lease liability			164				–
Deferred tax liabilities			4,256				–
Accrued severance pay			153				50
Total long term liabilities			5,050				2,383
Stockholders’ Equity:
Convertible Preferred stock; $0.001 par value 0 and 2,386,363 shares authorized, issued and outstanding as of December 31, 2020 and December 31, 2019, respectively			0				2
Common stock; $0.001 par value, 250,000,000 shares authorized, 68,757,447 and 11,089,532 shares issued and outstanding as of December 31, 2020 and December 31, 2019, respectively			68				11
Additional paid in capital			102,195				14,107
Additional paid in capital – preferred stock			138				6,028
Capital reserve related to transaction with the minority shareholder			(174	)			–
Capital reserve from currency translation			(196	)			70
Accumulated loss			(39,966	)			(16,974	)
MICT, Inc. stockholders’ equity			62,065				3,244
Non-controlling interests			3,631				–
Total equity			65,696				3,244
Total liabilities and equity		$	77,733			$	5,917

MICT, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(In Thousands, Except Share and Loss Per Share data)

		Year ended December 31,
		2020				2019
Revenues		$	1,173			$	477
Cost of revenues			1,231				846
Gross loss			(58	)			(369	)
Operating expenses:
Research and development			484				255
Selling and marketing			(38	)			198
General and administrative			14,228				3,027
Amortization of intangible assets			1,847				20
Total operating expenses			16,521				3,500
Loss from operations			(16,579	)			(3,869	)
Share in investee losses			786				795
Gain on previously held equity in Micronet			(665	)			–
Gain from loss of control of subsidiary			–				(299	)
Other income			(200	)			–
Finance expense, net			7,462				388
Loss before provision for income taxes			(23,962	)			(4,753	)
Taxes on income (benefit)			(326	)			17
Total Net Loss			(23,636	)			(4,770	)
Net loss attributable to non-controlling interests			664				553
Net loss attributable to MICT		$	(22,992	)		$	(4,217	)
Loss per share attributable to MICT:
Basic and diluted loss per share from continued operation		$	(0.83	)		$	(0.39	)
Weighted average common shares outstanding:
Basic and diluted			27,623,175				10,697,329

Non-GAAP Financial Measures

In addition to providing financial measurements based on generally accepted accounting principles in the U.S., or GAAP, we provide additional financial metrics that are not prepared in accordance with GAAP, or non-GAAP financial measures. Management uses non-GAAP financial measures, in addition to GAAP financial measures, to understand and compare operating results across accounting periods, for financial and operational decision making, for planning and forecasting purposes and to evaluate our financial performance.

Management believes that these non-GAAP financial measures reflect our ongoing business in a manner that allows for meaningful comparisons and analysis of trends in our business, as they exclude expenses and gains that are not reflective of our ongoing operating results. Management also believes that these non-GAAP financial measures provide useful information to investors in understanding and evaluating our operating results and future prospects in the same manner as management and in comparing financial results across accounting periods and to those of peer companies.

The non-GAAP financial measures do not replace the presentation of our GAAP financial results and should only be used as a supplement to, not as a substitute for, our financial results presented in accordance with GAAP.

The non-GAAP adjustments, and the basis for excluding them from non-GAAP financial measures, are outlined below:

	●	Amortization of acquired intangible assets – We are required to amortize the intangible assets, included in our GAAP financial statements, related to the Transaction and the Acquisition. The amount of an acquisition’s purchase price allocated to intangible assets and term of its related amortization are unique to these transactions. The amortization of acquired intangible assets are non-cash charges. We believe that such charges do not reflect our operational performance. Therefore, we exclude amortization of acquired intangible assets to provide investors with a consistent basis for comparing pre- and post-transaction operating results.
	●	Expenses related to beneficial conversion feature expense – Those expenses are non-cash expenses and are related to the difference between the stock price at the closing of the Note Purchase Agreements and the conversion price of $1.10 per share.
	●	Stock-based compensation is share based awards granted to certain individuals. They are non-cash and affected by our historical stock prices which are irrelevant to forward-looking analyses and are not necessarily linked to our operational performance.
	●	Expenses related to the purchase of a business – These expenses relate directly to the purchase of the GFH I transaction and consist mainly of legal and accounting fees, insurance fees and other consultants. We believe that these expenses do not reflect our operational performance. Therefore, we exclude them to provide investors with a consistent basis for comparing pre- and post-Vehicle Business purchase operating results.
	●	Expenses related to settlement agreement – These expenses relate directly to the settlement agreement with Maxim and Sunrise. More information can be found in the legal proceeding part.

The following table reconciles, for the periods presented, GAAP net loss attributable to MICT to non-GAAP net income attributable to MICT. and GAAP loss per diluted share attributable to MICT to non-GAAP net loss per diluted share attributable to MICT.:
  

		Year ended December 31,
		(Dollars in Thousands, other than share and per share amounts)
		2020				2019
GAAP net loss attributable to Mict, Inc.		$	(22,992	)		$	(4,217	)
Amortization of acquired intangible assets			1,572				–
Expenses related to beneficial conversion feature expense			8,482				–
Stock-based compensation			3,571				–
Expenses related to purchase of a business			3,364				–
One time expenses relates to settlement agreement			2,440
Income tax-effect of above non-GAAP adjustments			(398	)			–
Total Non-GAAP net loss attributable to Mict, Inc.		$	(3,961	)		$	(4,217	)
Non-GAAP net loss per diluted share attributable to Mict, Inc.		$	(0.14	)		$	(0.39	)
Weighted average common shares outstanding used in per share calculations			27,623,175				10,697,329
GAAP net loss per diluted share attributable to Mict, Inc.		$	(0.83	)		$	(0.39	)
Weighted average common shares outstanding used in per share calculations			27,623,175				10,697,329

NEW YORK, March 31, 2021 (GLOBE NEWSWIRE) — WW International, Inc. (NASDAQ: WW) (the “Company”) announced today that it intends to offer, subject to market and other conditions including the substantially concurrent completion of the other elements of the Refinancing (as defined below), $500 million in aggregate principal amount of its senior secured notes due 2029 (the “Notes”) in a private offering that is exempt from registration under the Securities Act of 1933, as amended (the “Securities Act”). The Notes will be the senior secured obligations of the Company and will initially be guaranteed by the Company’s subsidiaries that will also guarantee its proposed new senior secured credit facilities.

The Company intends to use the net proceeds of the offering of the Notes, together with expected borrowings from the proposed new senior secured credit facilities in an aggregate principal amount of $1,175 million and cash on hand, (i) to repay all amounts outstanding under the Company’s existing credit facilities and terminate such facilities, (ii) to redeem all of the $300 million aggregate principal amount of the Company’s outstanding 8.625% Senior Notes due 2025 (the “2025 Notes”), (iii) to pay related fees and expenses and (iv) for general corporate purposes (together with the refinancing of the existing revolving credit facility, the “Refinancing”).

In addition, on March 31, 2021, the Company delivered to the holders of the 2025 Notes a conditional notice of redemption to redeem all of the 2025 Notes at a redemption price equal to 104.313% of the principal amount thereof plus accrued and unpaid interest to, but excluding, April 13, 2021. The redemption is conditioned upon the Company having completed a notes offering on terms and conditions satisfactory to it yielding sufficient net cash proceeds to fund the aggregate redemption price. The Company expects such condition to be satisfied upon closing of the offering of the Notes. This press release shall not constitute a notice of redemption for the 2025 Notes.

The Notes and related guarantees are being offered in a private placement, solely to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act or outside the United States to non-U.S. persons in compliance with Regulation S under the Securities Act. The Notes and related guarantees have not been, and may not be, registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities or blue sky laws and foreign security laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any Notes, nor shall there be any offer, solicitation or sales of the Notes in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. This press release is being issued pursuant to, and in accordance with, Rule 135c under the Securities Act.

About WW International, Inc.

WW (formerly Weight Watchers) is a human-centric technology company powered by the world’s leading commercial weight management program. As a global wellness company, we inspire millions of people to adopt healthy habits for real life. Through our comprehensive digital app, expert Coaches and engaging experiences, members follow our proven, sustainable, science-based program focused on food, activity, mindset and sleep. Leveraging nearly six decades of expertise in nutritional and behavioral change science, providing real human connection and building inspired communities, our purpose is to democratize and deliver holistic wellness for all.

This press release includes “forward-looking statements,” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, including, in particular, statements about the Company’s plans, strategies, objectives and prospects. The Company generally uses the words “may,” “will,” “could,” “expect,” “anticipate,” “believe,” “estimate,” “plan,” “intend,” “aim” and similar expressions in this press release to identify forward-looking statements. The Company bases these forward-looking statements on its current views with respect to future events and financial performance. Actual results could differ materially from those projected in the forward-looking statements. These forwardlooking statements are subject to risks, uncertainties and assumptions, including, among other things: the Company’s ability to consummate the Refinancing, changes in general economic and market conditions and other risks and uncertainties, including those detailed from time to time in the Company’s periodic reports filed with the Securities and Exchange Commission. You should not put undue reliance on any forward-looking statements. You should understand that many important factors, including those discussed herein, could cause the Company’s results to differ materially from those expressed or suggested in any forward-looking statement. Except as required by law, the Company does not undertake any obligation to update or revise these forward-looking statements to reflect new information or events or circumstances that occur after the date of this press release or to reflect the occurrence of unanticipated events or otherwise.

For more information, contact:

Investors:

Corey Kinger
VP Investor Relations
[email protected]

Media:

Nicole Penn
VP Corporate Communications
[email protected]

PRINCETON JUNCTION, N.J., March 31, 2021 (GLOBE NEWSWIRE) — Each year, the U.S. Payments Forum recognizes the top individual contributors and publishes the Honor Roll to identify those who were leading participants in Forum projects and activities. The 2020 Honor Roll was compiled based on committee leadership, project leadership, project participation and meeting contributions from January through December 2020.

“The yearly Honor Roll is our way of appreciating the commitment of the individuals who contributed extensively to Forum projects in the past year. These members have been essential to transforming the payments industry,” said Jason Bohrer, director of the U.S. Payments Forum. “We’d like to extend a thank you to all of our members for the work they do to make the Forum successful in its mission. The output of their efforts are educational resources, webinars and implementation guidance that help to make the introduction of new and emerging payments technologies in the United States seamless for all stakeholders in payments.”

The 2020 Honor Roll included a total of 64 industry professionals. The 2020 chairs and top contributors are:

ATM Working Committee. Chairs Marcelo Castro, Diebold Nixdorf, Inc., and Ron Schnittman, Bank of America.

Card-Not-Present Fraud Working Committee. Chairs Lesley Pollard, UBS Global Wealth Management; Alan Whittemore, American Express; and top contributors David True, PayGility Advisors; and Jeff Zuehlke, Best Buy.

Communication and Education Working Committee. Chairs Lori Breitzke, FIS; Mansour Karimzadeh, SCIL; David True, PayGility Advisors; and top contributors Beatriz Gonzalez, PAX Technology; and Nick Pisarev, Giesecke+Devrient.

Debit Routing Working Committee. Chairs Trent Addington, Walmart; Steve Cole, FIS; Manish Nathwani, SHAZAM; Emily Santos, Truist; and top contributors Scott Green, SHAZAM; Kevin Halliburton, Global Payments; and Bryan Manka, PULSE Network.

Mobile and Touchless Payments Working Committee. Chairs Deborah Baxley, PayGility Advisors; Bradford Loewy, NCR Corporation; Tonya Weiss, Global Payments; and top contributors Steve Bledsoe; Marianne Crowe, Federal Reserve Bank of Boston; Mansour Karimzadeh, SCIL; Mina Malak, Giesecke+Devrient; and Rodman Reef, Reef Karson Consulting.

Petroleum Working Committee. Chairs Kara Gunderson, CITGO Petroleum Corporation; Terry Mahoney, W. Capra Consulting Group; and top contributors Berke Baydu, Mastercard; Clint Cady, W. Capra Consulting Group; Todd Horinek, Phillips 66; Brian Russell, Verifone; and Itai Sela, B2 Payment Solutions.

Steering Committee Projects. Officers Kristy Cook, Target; Scott Haney, Woodforest National Bank; Joe Vasterling, Best Buy; Manish Nathwani, SHAZAM; and top contributors Andreas Aabye, Visa; Berke Baydu, Mastercard; Chris Brummer, Visa; Clint Cady, W. Capra Consulting Group; Steve Cole, FIS; Simon Hurry, Visa; Terry Mahoney, W. Capra Consulting Group; Diana Molitor, FIS/NYCE; Ed Perez, Verifone; Tom Pouliot, UnionPay; and Itai Sela, B2 Payment Solutions.

Testing and Certification Working Committee. Chairs Berke Baydu, Mastercard; Ed Perez, Verifone; and top contributors Dave Blust, Discover Financial Services; Steve Cole, FIS; Eric Hanna, Verifone; Nate Klessens, FIS; Alex Pierre, Visa; Brian Russell, Verifone; Clyde Van Blarcum, American Express; and Henk van Dam, UL.

Transit Contactless Open Payments Working Committee. Chair Arash Kahvazadeh, Mastercard; and top contributors Richard Combs, Discover Financial Services; Stephen Lau, TransLink; Josh Martiesian, Visa; Bob McEntee, Cubic Transportation Systems; and Kevin Tran, American Express.

U.S. Payments Forum meetings. Special interest group leads Kristy Cook, Target; Keri Crane, Jack Henry & Associates; Carey Ferro, American Express; Scott Haney, Woodforest National Bank; Joe Vasterling, Best Buy; and top contributors Berke Baydu, Mastercard; Ruston Miles, Bluefin; Manish Nathwani, SHAZAM; Lesley Pollard, UBS Global Wealth Management; and Itai Sela, B2 Payment Solutions.

The full listing of the Forum’s 2020 top contributors and Honor Roll is available at https://www.uspaymentsforum.org/working-committees-sigs/2020-u-s-payments-forum-member-recognition/.

If you are interested in participating in upcoming projects and initiatives, you can visit the U.S Payments 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]