On July 16th, the MWAA hostedthe 4th annual Shark Attack Innovation competition at their annual MWAA conference in Lombard, IL. This year’s contestants included Textel, VisitBasis, DMI and Rippleshot. Rippleshot, a cloud-based big-data analytics software company that detects databreaches faster by monitoring merchants and the payment network, was announced as the winner of the MWAA 2014 Shark Attack Innovation competition. The program included a 10 minute presentation, followed by Q&A from the Shark Attack panel of judges. Judges rated the finalists on the following criteria:
a. Originality
b. Revenue opportunity
c. Sales availability
d. Presentation quality
e. Impact to the market
The judges’ panel for this year’s competition consisted of Scott Cathcart, Jason Howard, Robert Hyer Steven Kane, and special guest judge Scott Mandell, the winner from the 2013 Shark Attack Innovation competition. Despite technical difficulties, Rippleshot Chief Scientist and co-founder Randal Cox was able to give the majority of his pitch without the use of any slides.
If you’re attending FinovateFall 2014 , the CUtech TRC Fall Forum, CUNA Community Credit Union and Growth Conference, Money20/20 or BAI Retail Delivery 2014, keep an eye out for the Rippleshot logo and join us in the fight against fraud!
About Midwest Acquirers Association MWAA:
The MWAA is a non-profit, no-membership independent forum founded on the belief it is important to educate Payment Professionals, such as ISO’s, MSP’s and Financial Institutions with the constantly changing information our industry dictates. We are committed to bringing you this information by involving all aspects of our community. For more info on the MWAA, click here.
