Best POS Innovation
CSI globalVCard for Yoke Payments – a mobile POS solution that combines both self-checkout and inventory management all in one payment system.
Digital Retail Apps for SelfPay, which eliminates checkout lines by letting shoppers scan items with their mobile device, build a cart and pay in-app for in-store purchases.
DipJar for enabling cashless tip giving. Tipping activity is reported via a software dashboard and funds are automatically disbursed.
FIS for Fuel Redemption – a network with the ability to offer rewards participants a real-time discount per gallon for those cardholders who have a rewards point balance.
Best B2B Innovation
Marqeta for Just-in-Time Funding. Funds are evaluated, approved and made available in real-time at the POS for the exact amount of a transaction.
Payoneer for its Integrated Armor Payments-Payoneer Escrow Solution, which offers a way for B2B buyers and suppliers to engage in cross-border trade.
Ripple for its cross-currency settlement solution which enables banks to transact directly, in real-time, with certainty of payment delivery and two-way communication.
Best Cash Innovation
Abra for using blockchain technology for secure direct peer-to-peer money transfers and payments while protecting the value of deposits in local currency.
FIS Mobile for Cardless Cash, which gives customers the ability to withdraw cash from the ATM using their banking app.
MoneyGram International for MoneyGram Staging Kiosk, which offers customers a self-service solution to send money or pay bills.
Netclearance Systems, Inc. for their private mobile payment network, which is separate from other card networks so a retailer or bank can collect user data.
Best Small Business Innovation
BlueVine for letting businesses get paid immediately for invoices using an online dashboard which gives clients a fast, easy, paperwork-free experience.
Heartland for Heartland Secure: Out-of-Scope, which separates the POS systems from sensitive card data.
IP Commerce for Commerce Sync, which automatically transfers sales information from a business’s POS to back-office accounting software.
Best Check Innovation
Fiserv, Inc. for Immediate Funds, which accelerates funds availability from check deposits for financial institution customers.
Green Dot Corporation for GoBank, which has introduced bounce-free paper checks so customers can never write a bad check.
Ingo Money for instant, irreversible mobile check cashing to any bank account, prepaid card or PayPal account.
Mitek for Commercial Mobile Deposit Capture, which offers an innovative new RDC solution that can be used by businesses of all sizes to facilitate check payments.
Best Prepaid Innovation
Doorways to Dreams Fund for SavingsQuest – a website and mobile app that leverages gamified techniques to encourage savings on a prepaid card.
Marqeta for Just-in-Time Funding. With Just-in-Time Funding, funds are evaluated, approved and made available in real-time at the POS.
Raise Marketplace for their online marketplace for gift cards. Available through Web and mobile apps, Raise connects gift card sellers to buyers.
Best Credit Innovation
CiT for Cloud Integrated Credit Decision – a single system to house the customer acquisition, origination and servicing aspects of all lending products.
FuturePay for their buy now, pay later payment method that doesn’t require a credit card. It provides shoppers with instant credit to buy items and pay back the amount over time.
Provenir for The Provenir Risk Decisioning Platform, which lets businesses take charge of decisioning and implementing efficient, automated risk decisioning processes.
Most Invisible Innovation
Bank of America Merrill Lynch for Travel Pro – a virtual card solution which generates unique card numbers for each business travel transaction. It integrates with travel agencies and works seamlessly in the background.
clearXchange for real-time payments solution, enabling banks to provide real-time digital payment capabilities to their customers.
Flywire for Flywire International Payments Platform, which enables discounted FX rates, total transparency and easy reconciliation with a tailored experience.
Forter for providing frictionless fraud prevention for the enterprise level challenges of modern eCommerce.
Best Comeback Story
EPX for their quick and strategic turnaround following their acquisition by North American Bancard. EPX offers real time interchange optimization and state of the art secure transaction solutions.
IP Commerce for Commerce Sync which automatically transfers sales information from a business’s POS to popular back-office accounting software.
MoneyGram International for MoneyGram.com -a customer-focused digital experience that allows customers to send money as a guest.
MyCheck for MyCheck Mobile Payment Solution – a robust technology platform leveraged by restaurant groups for their branded mobile applications.
The NACHA Best Innovation in ACH
BIM Networks for BIM payments and commerce platform tying a better and more personalized customer experience to a lower-cost merchant branded tender.
BioCatch for behavioral biometrics for same-day payments. BioCatch generates unique behavioral profiles for every user.
NPS for NPS Rent Assurance, a rent budgeting program via direct deposit that provides significant cost savings and better access to housing to lower credit renters.
Transactis for BillerIQ, a white label, unique omni-channel solution for billers to share content.
ZipLine for “Payments as Loyalty” mobile and card-based, “pay at the pump” ACH payment service. The service leverages merchant savings on credit card processing fees and turns them into real-time price rollback at the gas pump.
Most Innovative Company
Digital Retail Apps for SelfPay which eliminates checkout lines by letting shoppers scan items with their mobile device, build a cart and pay-in-app for in-store purchases.
e-Prodigy for Quickbooks App which allows key metrics and financial ratios to be pulled directly from business’s software and use that data for automated underwriting.
Forter for providing frictionless fraud prevention for the enterprise level challenges of modern e-commerce.
G2 Web Services for Transaction Laundering Detection helps clients uncover hidden fraud in their portfolios.
Most Disruptive Company
Aspiration for implementing a “Pay What is Fair” policy in which customers decide how much they want to pay in fees – they can also choose to pay nothing at all.
BIM Networks for BIM: The payments and commerce platform that allows merchants to lower their costs, strengthen their brand, and enhance the buying experience for their customers.
SayPay Technologies, Inc. for seamless customer authentication experience powered by voice biometrics, tokenization, and AI.
Best Merchant Solution
BlueSnap for Powered Buy Platform which aims to help merchants solve their checkout conversion problem by providing flexible integration.
Braintree’s One Touch with PayPal lets consumers make faster purchases and keep their financial information secure.
Riskified for Spektra by Riskified – a fraud management behavioral model, using real-time pattern detection on clickstream data.
Starbucks for Starbucks Mobile Order & Pay Now – a feature of the popular Starbucks mobile app that allows customers to place and pay for their order in advance.
Best Debit Innovation
Fiserv for CardValet – letting debit and credit card holders define when, where and how their card is used.
Prism Money for the Prism app which tracks all bank accounts, bills, credit cards and gift card balances in one place.
Bento for Business’s intuitive online controls paired with prepaid MasterCard allows visibility into real-time employee spending.
MasterCard for MasterCard Identity Check – an app that allows cardholders to verify their identity when shopping online through biometrics.
NYMBUS for complete full-stack banking platform. The software is complete with semantic searching, reporting and a 360-degree view of every customer.
PromisePay for their suite of API’s which enable a fully-customized, white-labeled, and on-platform payments experience.
2016 PYMNTS Innovator Awards Judges
Innovation Project® 2016
March 16–17, 2016
Located on the Harvard University* campus in Cambridge, MA.
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