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WASHINGTON, Feb. 28, 2019 /PRNewswire/ -- The Electronic Transactions Association (ETA) and Worldpay will bring ten Startups to TRANSACT, the world's largest payments technology event, for a special Startup fellowship program to work on solving the critical challenges facing the payments industry. Payments' NexTen fellows will have the opportunity to pitch their solution to a panel of industry mentors; partake in educational sessions designed for new entrants to the payments industry; and network with peers, investors and corporate leaders at TRANSACT, April 30 – May 2 in Las Vegas.

"The payments industry is growing rapidly and creating new opportunities for enterprising innovators to improve customer pain points and solve complex technological challenges," said Amy Zirkle, vice president of industry affairs, ETA. "The Payments' NexTen at TRANSACT supports the next generation of problem solvers in the payments space."

"Worldpay prides itself on advancing the ways the world pays which is why we are thrilled to partner with ETA to support this creative approach to solving payment complexity," said Asif Ramji, chief product and marketing officer, Worldpay. "We look forward to the entrepreneurial, creative, outside thinking from payment innovators that may be the impetus for future payment disruption."

The ten Payments' NexTen Startups will receive complimentary registration and exhibit space on the TRANSACT floor. To join the next generation of payments innovators, Startups must answer the following problem statements identified by ETA and Worldpay:

1. Facial Recognition & Biometrics: How can we use biometric technology to validate the cardholder's identity at the time of payment?
2. Internet of Things (IoT): How can we integrate payment systems with IoT-connected devices in order to streamline the payment cycle?
3. Data: How can we use existing merchant data (that's already being collected) to streamline, augment, or otherwise improve the merchant experience?
4. Artificial Intelligence/Machine Learning: How can we deploy AI and/or machine learning in the payment cycle to automatically validate transactions and make the payment experience as seamless and invisible as possible?
5. Contactless Payments: How can we increase adoption of contactless payments in the U.S. market, both on the consumer side and the merchant side?

Full application criteria and edibility for Payments' NexTen at TRANSACT is found here. Application deadline is March 8, 2019.

TRANSACT, happening April 30-May 2 at the Mandalay Bay Convention Center in Las Vegas, provides 4,000 attendees with a robust exhibit hall with more than 200 exhibitors, extensive networking events, and forward-looking educational sessions on the groundbreaking technologies, trends and policies shaping the payments industry.

About ETA

The Electronic Transactions Association (ETA) is the global trade association representing more than 500 payments and technology companies. ETA members make commerce possible by processing more than $21 trillion in purchases worldwide and deploying payments innovation to merchants and consumers.

About Worldpay

Worldpay, Inc. (NYSE: WP; LSE: WPY) is a leading payments technology company with unique capability to power global omni-commerce. With an integrated technology platform, Worldpay offers a comprehensive suite of products and services, delivered globally through a single provider. Worldpay processes over 40 billion transactions annually, supporting more than 300 payment types across 146 countries and 126 currencies. The company is focused on expanding into high-growth markets and customer segments including global eCommerce, integrated payments and B2B. Visit us at www.worldpay.com

CONTACT:  Laura Hubbard, 202-677-7406, lhubbard@electran.org

SOURCE ETA