Wednesday, December 17, 2014

Your Holiday Gift from All Payments Expo | Register by Friday 12/19 & Save $300

Register by December 19th and save $300 - Use the code XU2848BLOG | Register.

Find Your Next Buyer at APEX

With more than 1,300 global payments players on the hunt for new technologies and partners, APEX is the best place to kick off 2015 with meaningful meetings and new business opportunities.

 Meet the executives with buying power to take your business to the next level.

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Wednesday, December 10, 2014

What’s on the Shopping List for Merchants this Holiday Season?

Retailers will be meeting with existing partners and potential vendors to vet the next generation of technologies they are looking to adopt. At APEX, you'll meet retailers and gain a better understanding of the challenges they are facing.

Hear Case Studies, Research and Insights from:
  • Darden Restaurants
  • The Jones Company/ Flash Foods
  • Hudson Bay Co.'s Lord & Taylor
  • SeaWorld
  • Sears Holdings Corporation
  • Cirque du Soleil    
  • 1-800 FLOWERS
  • Cabela's Inc.
  • Schurman Retail Group (Papyrus)
  • Kahala Brands (Cold Stone Creamery)
  • Fandango
  • Groupon    Domino's
  • DineEquity - Applebee's & IHOP
  • Cracker Barrel Old Country Store
  • Toys R Us
  • Hyatt Incentive Rewards
  • Landry's
  • Home Depot
Download the agenda to see all session details.

Register for All Payments Expo 2015 by Friday 12/19 to save $300! Use the code: XU2848BLOG | Register here.

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Friday, December 5, 2014

Line is Set to Enter the Mobile Payments Space with Line Pay

Line, a free messaging app, announced plans for a mobile payments service way back in October. Today, Line has 170 million monthly users and their new payments service has been branded "Line Pay" and will be released around the world very soon.

The significance of the Line Pay launch is not just surrounding the welcoming of a new competitor, Line is attempting to make their app become a complete "lifestyle platform". It will be interesting to see the adoption rate of Line Pay and whether or not it can become the all-in-one platform Line is hoping for.

As of now, Line Pay allows users to complete transactions through the app at affiliated online and brick-and-mortar stores once you have registered your credit cards. However, on the horizon there is a P2P update that will allow users to send money to other users.

At a time when messaging apps are slowing in growth, Line's entrance into the mobile payments space seems very timely.

Where do you see the future of mobile payments heading? Is Line's attempt to create a complete platform for users to seamlessly handle both conversations and payments the future? Join us in Las Vegas, February 23-25 for All Payments Expo 2015 to learn and explore the ever changing landscape of the payments space.

Have any insight to add to this story? Leave it in the comments.

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Friday, November 21, 2014

Weekly Payments Round Up

The APEX team brings you your weekly payments round up. Below you will find recent industry news that we found compelling and felt that we needed to share with our readers! Enjoy.

Top Stories:

American Eagle Outfitters Banks On Store Consolidation And Omni-Channel To Improve Store Productivity
With e-commerce not turning into a big business for many retailers despite continued robust growth, the need for omni-channel retailing has emerged. The entire apparel industry is gradually shifting towards this concept, which appears to be the future of retailing. Over the past 15 months, American Eagle has taken several steps towards the development of its omni-channel platform and all of them have shown good promise so far. Its “buy online and ship from the store” pilot program has helped it attract those customers, who could have shied away from the retailer if the inventory pool wasn’t integrated across all the channels. The initial roll out was slow, but the company soon went aggressive on its deployment. In its Q1 earnings call, American Eagle had stated that this service would be available in 100 stores by the back-to-school season. However, it had 255 stores offering this service at the end of Q2.

Lamassu: Bitcoin ATM Owners Earning Up to $36,000 Per Year
Lamassu has reported its bitcoin ATM operators now process an average of $20,000-worth of bitcoin each month, while units placed in prime locations receive as much as $40,000–$60,000 in monthly transactions. Lamassu's survey estimated that its operators earn between $1,000–$3,000 each month on an average commission of 5.5%. This equates to annual earnings for ATM operators of between $12,000 and $36,000 per unit.

Hackers exploit NFC phone payment technology
Several bugs in Near Field Communication (NFC) payment systems have been found by security experts. NFC allows people to pay for goods and services by touching their handset to a payment terminal. But the inclusion of the technology on phones has proved useful to hackers seeking a stealthy way to take over a mobile phone. In most cases the bugs would give an attacker complete access to a device's data.

Snapchat introduces Snapcash for P2P payments
The question "how do you monetize Snapchat" has finally been answered and it's going to open up a lot of possibilities for users. Snapchat has introduced Snapcash, a way to send mobile payments to friends using the image sending-then-destroying service.

Have a great weekend!

- The APEX Team

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Thursday, November 20, 2014

Register for All Payments Expo by Friday to Save $400!

Designed to Help You Find New Partners and Grow Business

2015 promises to be a big one for payments players with the world shifting toward lightning-speed disruption from technology and data players; new currencies and form factors entering the fray; and a vast need to uncover new customer segments to avoid market saturation.

Start the year right at All Payments Expo, the only payments event designed to help you find new partners and do business on-site.

You'll save $300 if you sign up for All Payments Expo by Friday, Nov. 21, but use the code XU2848BLOG and save an extra $100 – total savings of $400!

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Wednesday, November 19, 2014

Five Ways in Which Fraudsters Steal Identities

Below is a Whitepaper from Jumio, an All Payments Expo 2015 exhibitor. To see a complete list of sponsors and exhibitors, learn more about the event, or register. Click here.

Nearly two thousand years ago, the famous military strategist, Sun Tzu, wrote in his infamous book, “The Art of War” that to beat the enemy you had to get to know the enemy. It’s with this in mind that Jumio is publishing this white paper to help to get to know the enemy so that we can all win more battles against the fraudsters.

The Jumio researchers spent many days talking to convicted ex-fraudsters, professional criminologists, law enforcement practitioners and fraud managers to uncover some of the exploits that fraudsters use.The content of this white paper presents what we heard first hand - how convicted fraudsters steal and exploit identities. This is the first of a series of white papers in which Jumio examines how fraudsters steal identities and then go on to conduct acts of fraud against businesses.

The first conversation with one of the convicted fraudsters we spoke to revealed a whole new dictionary of fraud terms and yielded insight into the roles of players in the underground economy. A deeper understanding of this underground economy will help us all, as professionals in fraud prevention, and as consumers to make life harder for the fraudsters.

In this, the first instalment of “The Fraudsters’ Playbook” we share our insight into the first stage of the fraud process: identity theft. In our second instalment we will share our insight into the second and subsequent stages of fraud, the act of ID fraud and card fraud and how criminals profit from it. Here are our findings on five ways in which fraudsters are trying to steal your identity…

Five ways in which fraudsters steal identities...

 To view the complete whitepaper, click here.

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Tuesday, November 18, 2014

With the Holidays Coming Up, Most Retailers are Gearing Up for the Biggest Day of the Year: Black Friday

At the APEX offices, we are keeping a close watch on the payments-fueled technology retailers will use to gain traction with shoppers. Because the 2013 season was not the monster hit for retailers (according to Forbes), the pressure is on to lure shoppers away from the turkey on the table.

Our bet? Retailers will deploy more mobile coupons, geolocations/beacons and context-aware technology.

These immersive technologies are a huge opportunity to (literally) point customers toward certain deals or products, incentivize them with time-sensitive door-busters, reap data on customers’ movements during the rush and make customers’ lives easier.

There is a lot of promise in this technology. APEX recently tried the Snip Snap-powered beacon app at Lord &Taylor’s Manhattan flagship, where beacons stationed by the shoe department and Alex + Ani jewelry display populated our iPhones with offers, product information and details on new facets of the store layout, including Birdcage, a new store-within-a-store concept on the 2nd floor.

Picture the throngs of shoppers who line up before sunrise (or immediately after Thanksgiving dinner) to shop. Imagine that captive audience plotting their shopping mission by scrolling through the app while they are waiting in line. Pair that with easy-to-clip mobile coupons, and deals exclusive to the app and you have a recipe for bigger basket sizes, and increased engagement and richer customer data.

We anticipate that these trends will be in use for the rest of the year – not just on Black Friday. (All the better to lengthen the shopping season, right?)

At APEX, you’ll  hear direct from the retailers deploying this technology, as well as the entrepreneurs pioneering new ways for retailers and shoppers to virtually interact – including the CEO of SnipSnap and the former VP of Corporate Strategy for Lord & Taylor. Download the full agenda here.

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Thursday, November 6, 2014

Prepaid Debit Cards Set to Face Rules on Overdrafts and Disclosure

Via Bloomberg

The U.S. Consumer Financial Protection Bureau will propose to limit overdraft charges on prepaid debit cards and require more disclosure from issuers about all fees they charge, a person familiar with the matter said.

The market size for prepaid debit cards has nearly doubled to an estimated $80 billion since the CFPB began reviewing the products after the initial criticism that transaction fees on some products were too high.

The competition in the prepaid marketplace has driven lower fees over the past four years. The person familiar with the proposal told Bloomberg that it could come in early November and won’t include broad restrictions on transaction fees.

CFPB officials have been studying the prepaid market since 2010, when cards including one issued by reality TV stars the Kardashian sisters were charging as much as $1.50 for withdrawals or for speaking with a customer service. Such fees became rarer after increased competition from new market entrants.

According to Madeline Aufseeser, senior analyst with the Aite Group, a Boston-based consultancy, these cards have risen in popularity. In 2010, consumers had about $37 billion loaded onto prepaid cards, a number that is expected to rise to nearly $80 billion by the end of this year.

To read the complete story from Bloomberg, click here.

With more consolidation and saturation in key niches of the marketplace, it's never been more important for prepaid to continue to drive new growth and unearth new business opportunities. To support prepaid players, that is why at All Payments Expo 2015, we've created the Prepaid Forum, a dedicated forum focused on relevant and important content for the prepaid industry.

Click here to view the updated event brochure. 

Make sure you join us this February 23-25 at the Caesars Palace in Las Vegas - As a blog reader, use the code XU2848BLOG when you register and save $100 off the current rate | Register Here.

See you in Las Vegas!

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Monday, November 3, 2014

All Payments Expo Agenda Now Available!

All Payments Expo is your Q1 meeting place to execute 2015 strategy:
• Meet with Existing Partners & Clients in Prepaid, Gifting and Incentives
• Meet New Prospects in Omnichannel Retail and Disruptive Technology
• Get Free Meeting Space and Intuitive Technology to Find, Vet and Manage Meetings


New Ideas from these Payments Movers and Shakers to Keep You Competitive:
Emerge Financial Wellness
Boom Financial
Digital Currency Council
Darden Restaurants
PayPay Financial
Flash Foods
Coin Capital
Connexions Loyalty
Locke Lord
Hudson Bay Co.
Dorado Industries
Cabela's Inc.
Dravis Group
Home Depot
Strategic Counsel Corp.
Women's Annex Foundation
Cold Stone Creamery       
Federal Reserve Bank of Atlanta
Wallaby Financial
Sears Holdings Corporation
Icon Capital Reserve SA
Mobetize, Corp.
Bain Capital Ventures
Regions Bank
Mercator Advisory Group
RK Incentives
Cirque du Soleil
Unidos Financial
National Anti-ORC Association
451 Research
MacAngel LLC.
Rebellion Lab
Momentum Groups
Accion Venture Lab
Bryan Cave
Toys R Us
Plug N' Play
Tally Capital
Keefe Bruyette & Woods
U.S. Senate
Mercator Advisory Group
Central Bank
Cracker Barrel Old Country Stores
General Catalyst Partners
Bitcoin Strategy Group
EMV Migration Forum
Self Synthesize!
Gift Card Network
Logbar, Inc.
Hyatt Incentive Rewards
Davis Polk & Wardwell

Register for All Payments Expo 2015 now! Use code XU2848BLOG to save $100 off the current rate – total savings of $400 when you register by 11/21 – Register here.

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Wednesday, October 22, 2014

Register for APEX by this Friday 10/24 to Save $500!

Rates for All Payments Expo 2015 go up after this Friday, 10/24 make sure you register now to maximize your savings. Register now and save $400 off the standard rate, but you can save an EXTRA $100 when you use the code XU2848BLOG - Total savings of $500! Register here.

Increase deal flow and new partnerships for your business by harnessing the changes happening in payments and commerce being discussed at All Payments Expo 

The APEX experience will support every aspect of your strategy - from customizable content across four forums to a complimentary meeting platform, complete with bookable free meeting space, powered by partneringONE

Here's what's new for 2015:

Tailored Forum
Customize your content and hand-pick your sessions across four different focus areas ripe with partnerships, innovation and business development opportunities: Prepaid, Disruptive Technologies, Omnichannel Retail and Gifting/Incentives.

Meet the Regulators
Meet with the regulatory bodies and law enforcement agencies who are impacting your business. Take advantage of this relaxed, informal way to meet and educate the regulatory community.

Private Boardrooms
Exclusively for seasoned executives, APEX has developed four private discussion-based sessions that delve into the most pressing challenges facing the industry. These discussions are private, off-the-record and limited to 25 participants.

Private Retail Exhibit Hall Tour
Retail participants will get exclusive access to the exhibit hall while it is otherwise closed - plus a tour of new technologies led by Martha Weaver, Executive Director, Gift Card Network.

Women in Payments Lunch
A mentoring and networking opportunity build just for women in payments. Conversations built around the biggest questions circulating the industry, including the impact of mobile and cryptocurrency on payments.

Book by this Friday to lock in the lowest possible price ($500 savings) and get access every tool to build your business. Use the code XU2848BLOG to save. Register now.

If you have any questions about the event, please reach out to Ryan Geswell at

See you in Las Vegas!

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Thursday, October 9, 2014

All Payments Expo 2015 - Dates Announced

All Payments Expo is THE meeting place for the world's most successful merchants, payments companies, banks and technology firms. Industry leaders come together to create partnerships, launch new products, develop new business and explore innovations 

Top Reasons to Attend:

More Retailers
APEX attracts 300+ retailers annually to meet with vendors, re-sign contracts and scout out new potential vendors. Retailers also meet with peers for industry benchmarking, networking and to uncover tactics and challenges to grow programs across plastic and digital platforms.     

New Faces
You'll meet more executives who are relevant to all the areas of your business, with a flood of new participants. New attendees hail from retail's IT, Marketing and Corporate Strategy functions; new app developers (from wallets to loyalty); alternative financial services  CEOs, merchant acquirers; cyptocurrency players and more.

Secure Meetings
All APEX attendees will have access to the attendee list on our proprietary partneringONE platform, where you can vet potential partners and easily pre-arrange meetings. More than 5,000 meetings take place onsite annually.          

Growth Opportunities for Prepaid
With prepaid maturing, this is THE place to identify new customer segments, distribution opportunities and use cases that take your prepaid business into unsaturated territory.

Register now and you can save $400! Plus, as a blog reader you can receive an extra $100 off the standard rate, by using the code XU2848BLOG”, a total savings of $500 - Register Now! 

See you in Las Vegas! 

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Thursday, September 11, 2014

Why Does Bitcoin's Value Fluctuate So Much?

Introduced as open-source online payment software in 2009, Bitcoin in simple words refers to a purely digital currency which is used primarily for online payment purpose. Although, it was recognized by the US Treasury as a decentralized virtual currency, the popularity of cryptocurrency is still in developmental stages and is not as widely accepted. Despite of being a purely virtual currency, Bitcoin is one of the most volatile currencies and the prices can fluctuate even in a normal market situation. Despite of several shortcomings as a viable currency, the popularity of Bitcoin among online users has grown rapidly since its introduction. Given below are the various reasons why the value of Bitcoin fluctuates so much.

1. Buyer Protection
Several banking agencies like the European Banking Agencies have issued several warnings about Bitcoin lacking any sort of consumer protection. This means that if you use Bitcoin online to buy a product and the seller doesn’t deliver it or the product is faulty, then there is absolutely nothing that you can do to recover your lost Bitcoin cash. While this problem can be resolved through escrow services, but this definitely makes the investors apprehensive about investing in a poorly protected currency.

2. Bad Press Reviews And Use In Illegal Trade
Bitcoin’s popularity was severely hampered due to the news about Bitcoin being regulated by the government. There were several instances of it being used in illegal drug trade via the Silk Road which also resulted in the marketplace being shut down by the FBI in 2008. Trade has picked up since then but these incidents have also created an unrest and disbelief in the value of Bitcoin among the people.

3. Digital Wallets Are Prone To Technical Issues
The vulnerability of digital wallets to data corruption and virus make it a really dangerous currency to invest. Bitcoin currency is usually stored on a computer hard drive which is susceptible to data loss and can very well bankrupt a wealthy investor. The coins collected on the hard drive are also lost permanently with no chance of recovery and will be permanently orphaned by the system.

4. Deflation
Unlike regular currencies which are valued against a solid standard such as gold or silver or another valuable currency, Bitcoin’s price is regulated due to its limited production. The current mining technology limits its production to 21 million and is thus prone to deflation. Since the value of each Bitcoin will increase each day, the question of when to spend the currency will be a serious problem for the investors and result in spending sprees. A sudden surge in spending can not only cause deflation but also unexpected volatility.

5. Security Breaches Due To Poor Software Design
Due to being operated through an open-source database, the source-code can easily be modified and hacked by anyone. This makes it an extremely unsecure form of currency to invest in. Recent news about the OpenSSL attacks by the Heartbleed bug in April, 2014 has led to even further repercussions in the value of Bitcoin in the market. The value of Bitcoin is highly based on the people’s confidence in the software design and security breaches as such can act like a bane to its popularity and use.

6. Tax Treatment
Despite of its small value, the volatility of Bitcoin was highly affected by the recent announcements by the IRS. In March 2014, the IRS announced and recognized Bitcoin as an asset that is taxable under the US law and made it mandatory for the users to record its value at the time of each transaction. This has led to a sudden decline of Bitcoin users and investors as book keeping is essentially troublesome for what the currency is worth.

Despite of its several advantages as an unofficial cryptocurrency, Bitcoin is met with several challenges and obstacles to its growth in use. The above reasons for its volatile and constantly fluctuation prices have led to a bad perception of its value in the investors.  Nevertheless, Bitcoin is also viewed as a sign of a maturing market and changing trends in global economics by several investors and there might be a bright future after all for the digital currency.

Author: Luke Peters is an active trader on several forex related platforms like and has written several articles related to law, trading, finance, and financial management. He likes to spend most of his time reading various books and literature related to the respective niches

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Wednesday, August 27, 2014

Is the U.S. Finally Getting Smart About Payment Technology?

Below you will find an infographic from that maps out the evolution of credit cards - from the highly unsecure magnetic stripe cards that are still used by most Americans today, to the EMV smart cards that are more secure and have been successfully implemented in other markets around the globe. When will the US make the switch? Is the cost of the conversion too high? - If so, where do we go from here?

Smart Cards

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Tuesday, July 29, 2014

APEX Digital Currency Partnerships Agenda Released!

APEX Digital Currency Partnerships addresses how cryptocurrency can be integrated, utilized and valued by mainstream banks, payments, nonprofit and investing firms.


 Highlights include:

1. More than 50+ speakers, 20+ sessions in a streamlined schedule, and one monster keynote from Patrick Byrne, Chairman of

2. Insights into what you should be learning from the VC Activity in crypto, the development of less-clunky user experiences, the realities of compliance and regulation and much MORE!

3. Eight hours of built-in networking, including two attendee parties, a Women's-Only Lunch and MORE!

4. Crypto Awards celebrating industry achievements after a blockbuster year of innovation, press coverage and exposure. Nominations are open until July 31st for 6 award categories. Enter now.

5. Meet-Up Collision: The ultimate mash-up of the nation's best crypto meetups, and it's only at APEX.  Contact Krystin Bruan, at to get involved.

DOWNLOAD the Agenda by Clicking Here!

See you in San Francisco!

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Tuesday, July 22, 2014

The Future of Payments

Business Insider recently published a presentation highlighting the future of the ever evolving payments industry.

In their presentation, they map out important trends that are fueling this change; payment apps are on the rise, mobile registers, e-commerce, and the steady decline of paper products (i.e. cash/checks). Then, they go on to map out what the future has in store for payments.

Take a look at the presentation from Business Insider. It is highlighted by charts/slides exclusive to BI Intelligence and are definitely worth taking a look at - they shed some serious light on what to expect in the coming years.  

Do you agree with these projections in their presentation? What do you think the future holds for the payments industry? Let us know in the comment section.

Story via Business Insider

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Monday, July 7, 2014

Uncover Banks’ Roadmap for Bitcoin

What's the Ideal Collaboration Between Bitcoin & Banking?

It's a complex time for banks looking at potential pathways & partnerships in cryptocurrency. Questions remain about whether cryptocurrency is friend or foe for the existing financial services industry.

But for the APEX Digital Currency Partnerships faculty of speakers, this is an unprecedented time for partnerships and innovation:

"Creating an infrastructure around bitcoin will take time and requires founders of startups, regulators and state officials to team up and build Bitcoin into a sustainable and profitable technology for everyone. APEX Digital Currency Partnerships provides a great platform to bring members of the payments ecosystem together and collaborate on solutions."
Hemant Taneja, Managing Director, General Catalyst Partners

Here are some of the questions that will be answered at APEX Digital Currency Partnerships by the leading minds in crypto and mainstream financial services:

• What are the implications of regulatory actions or attitudes?
• Is crypto a currency or commodity? The debate grows more complex with the IRS' ruling that it's property.
• What factors delay uptake of digital currency options by established banking & financial services industry?
• How will partnerships can be structured amid pricing volatility and regulatory uncertainty?

For financial institutions, the time is NOW to devise a strategy, a roadmap and a slew of connections to guide the way.

Download the complete agenda here.

Register for APEX Digital Currency Partnerships here.

Current Event Supporters:

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Wednesday, July 2, 2014

The Crypto Awards @ APEX Digital Currency Partnerships

The Crypto Awards
@ APEX Digital Currency Partnerships

September 8th | 4pm

Join us as we recognize the contributions of the:
• leading innovators and disruptors building the future of the financial services, payments & investing infrastructure
• trail blazers legitimizing the industry to the rest of the financial services world
• entrepreneurs lassoing this new technology to do real good for under-developed communities and constituencies
• future leaders of payments and financial services

1. Best Retail Application of Cryptocurrency:
For the top company or platform that is enabling retailers to embrace cryptocurrency. We’re looking for great innovators who are re-thinking the way merchants process payments, manage loyalty, interact with customers – and how cryptocurrency plays a role. Open to company or an individual product. Credit goes to the CEO of the companies involved.

2. Leading Investor:
For those who are putting their money where their mouths are an investing in the cryptocurrency space. We are not only looking for the silent wallets – we’re looking for the true believers who have an innate sense of where the industry is headed, and its untapped opportunities. Awarded to an individual, not a firm.

3. Biggest Global Impact:
How is cryptocurrency changing the world and making its inhabitants safer, better-educated and more prosperous? We want to hear about the charities, nonprofits or for a company that funneled cryptocurrency to a charitable cause. Applications can include those that better emerging markets, aid disaster victims, etc.

4. Trailblazer:
Our MVP of the industry, this award is reserved for who the industry chooses as its most influential person in digital currency. Awarded to an individual who has made sizable and measurable contributions to the acceptance of Bitcoin.

5. Rising Star:
Cryptocurrency is known for its young, vibrant entrepreneurs who are hell-bent on changing the guts of the financial system. Now’s your chance to pinpoint the most influential digital currency market maker under the age of 25.

6. Best Crypto Partnership:
The key to mass adoption for cryptocurrency lies at the partnerships the industry’s leaders create with established payments, banking and investment players. We want to see the best of the crypto-mainstream mash-ups. This will be awarded to the CEOs/senior leaders of 2 companies.

The nomination process:
Nominations can be submitted online. Nominate your crypto stand-outs, and why you think they deserve the nod. Nominations are free and are open now, the voting closes on July 31st. Submit your nominations here.

Nominations must include:
• Name of nominated organization
• Name of award
• A brief synopsis (250 words) on why the nominee meets the core criteria for the category

We'll turn the nominations over to our speaker voting board, who will choose the shortlist of nominees. This shortlist will be available to the public for voting on August 18th and voting will close September 5th.

The winner of each award will be announced live at APEX Digital Currency Partnerships on September 8th to the entire event audience. We encourage all nominees be present for the announcement.

Winners will receive:
• A prominent profile on the event website
• Profile in post event email campaign
• Interview post event which will be distributed on our social media channels
• Crypto Awards logo to use on your own website / marketing material

For questions on the awards, please contact Michellee Nelson at 646-895-7406 or

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Tuesday, May 13, 2014

Reddit AMA with Patrick Byrne, CEO, & APEX: Digital Currency Partnerships Keynote Speaker

Introducing APEX: Digital Currency Partnerships, September 8-9 in San Francisco, CA. Our mission is to bring digital currency to the forefront of financial services. At APEX: Digital Currency Partnerships, you'll engage in new conversation, bridging Bitcoin philosophy and business development. We'll cover digital currencies as transactional currency, investment vehicles, protocol platforms and the underpinning of financial services for mainstream and underserved consumers.

The keynote address at APEX: Digital Currency Partnerships will be given by Patrick Byrne, CEO, Mr. Byrne recently sat down are did a Reddit; Ask Me Anything (AMA). Below are a few answers that dive into digital currency and topics we will be covering in Septmeber

Register by Friday, June 6th to lock in the early bird rates!

What would you say to other CEOs and decision makers who are hesitant to utilize bitcoin?

It depends upon what their hesitancy is...There are business reasons to do it: save on transaction fees, eliminate fraud and chargebacks, etc. There may be business reasons not to do it as well, such as the risk of volatility (but this concern can be obviated by trading out of Bitcoin immediately upon receipt, a service that the firms like Bitpay, Coinapult, and Coinbase all offer, I believe). But if they are pro-freedom, they should want to get behind it on principle alone. Ghandi said, "Be the change you wish to see in the world."

Clearly bitcoin and other cryptocurrencies have the potential to change how our world does money for the better. What made you such a strong believer in bitcoin, and how would you spread this knowledge to other CEOs like yourself?

I became a strong believer in several ways.

1) As a grad student at Stanford I studied computation thory, which underlies public key encryption, and so when cryptocurrencies came along it was not as magical-sounding to me as it might have been.

2) I am a proponent of the Austrian School of Economics, which, in general, eschews fiat currency in favor of a gold standard. The goal is not really the gold standard, however: the goal is to have a form of money that is intrinsically limited. Bitcoin et. al. accomplishes that.

In addition, cryptocurrencies are SpaceCash (a word I think I just made up) that can be beamed across the galaxy! (Henceforth in my answers I will use "SpaceCash" top refer to all cryptocurrencies.)

To read more from Mr. Byrne's Reddit AMA, click here.

And to hear him speak at APEX: Digital Currency Partnerships. Make sure you book your ticket today!

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Friday, April 25, 2014

Paybefore Announces Winners for European Awards

Today Paybefore reveals the winners in 2014 Paybefore Awards Europe.

The third annual competition proved fierce throughout all 10 categories—the most ever—which included Top of Wallet, Market Mover and The One to Watch. This year, awards judges created the category Best Problem Solver, which recognizes winning programs using prepaid as an elegant solution to a significant problem. Entries across categories represented programs from the U.K., Turkey, Austria, France, Germany, Portugal, Poland, Hungary, Italy and more.

“Paybefore Awards Europe shine a spotlight on the innovators using payments to solve complex problems for a variety of constituents,” said Loraine DeBonis, Paybefore editor-in-chief and chair of the judging panel. “Our winners are pushing the boundaries of what is possible in payments.”

Paybefore CEO Marilyn Bochicchio added, “It’s an exciting time in payments everywhere in the world, but this year’s Paybefore Awards Europe winners demonstrate how quickly prepaid and mobile solutions are replacing legacy paper-based systems. Paybefore Awards is thrilled to recognize the organizations that are taking on paper in its many forms—not just cash—to improve business, government and consumers’ lives.” Paybefore Awards Europe’s distinguished winners were selected by a five-judge panel comprised of Dr. Hugo Godschalk, PaySys Consultancy GmbH, managing director/partner, and Prepaid Forum Deutschland founder; Craig James, Neopay CEO and director of Prepaid International Forum; Siobhan Moore, associate, Locke Lord; and Paybefore’s Bochicchio and DeBonis.

Today’s winners now compete for the Best-in-Category distinction, which will be announced during a presentation at the All Payments Expo Europe in Marbella, Spain, on 19-21 May 2014. Before and during APEX Europe, visitors to will be able to vote for one People’s Choice winner. Stay tuned for more details coming soon at Congratulations to all our winners!

Best Choice Retail Card:

ASDA Closed Loop Gift Cards
ASDA and First Data

HTA Garden Gift Card
Horticultural Trades Association, StoreFinancial

River Island Gift Card
River Island

Top of Wallet

Kalixa Pay

Skrill Prepaid MasterCard

Vodafone SmartPass
Wirecard AG

Best Travel Companion

airberlin Flight Voucher

Fair FX
Payment Card Technologies

ICE Travellers Cashcard
International Currency Exchange, Lenlyn Group

Top Motivator

Air BP Sterling Reward Programme
Air BP and Citi Prepaid Services

Bridgestone Prepaid Card
The Bancorp

Nikon Consumer Cashback Programme
Nikon and Citi Prepaid Services

Boundary Buster

Payment Card Solutions

EE Cash on Tap
EE Ltd.

Wirecard AG

Prepaid with Soul


ICE Travellers Cashcard
International Currency Exchange, Lenlyn Group

One4all BBC Children in Need Gift Card

Best Problem Solver

Austrian Airlines Prepaid Card
PayLife Bank GmbH

Canon Easy Warranty Plan

Travel Welfare
Payment Card Technologies

Market Mover


Gordio Pointstic


Consumer Champion

cash4web MasterCard

PayLife Bank GmbH

ICE Travellers Cashcard
International Currency Exchange, Lenlyn Group

paysafecard Wertkarten AG

The One to Watch: Program

Genç Bankkart
Ziraat Bankasi

Infinite Aisle
InComm Europe

One4all Personalise My Card

The One to Watch: Company

CashStar Inc.


Wirecard Card Solutions

Join us at APEX Europe to see who wins Best-in-Category! See you May 19-21 in Marbella, Spain!

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Monday, March 31, 2014

Meet the Wallet that's Changing Retail Payments


When it comes to payments, merchants are focused on cultivating relationships with the customer, managing transaction costs and keeping the user experience simple.

Meet the Wallet that’s Changing Retail Payments... 

Exclusively at All Payments Expo Europe, you’ll hear from Benoit Liagre, the CEO heading up flash’N pay – the first mobile payment created by retailers to be independent of MNOs or FIs.

 At All Payments Expo Europe, you’ll see a demo of the technology in action, which wraps all the aspects of shopping – from payment and data-rich shopping lists to receipt histories and loyalty – into one-stop technology.

This is just one of the dozens of game-changers you’ll meet at APEX Europe. From merchants to prepaid and emerging payments gurus, this is the only place devoted to developing relationships across the emerging payments ecosystem.

Register here to lock in savings and join 200+ retailers, payments players and technology companies changing the future of commerce.
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