[February 21, 2014]

Paydiant Named a Finalist for Two PYMNTS 2014 Innovator Awards

Paydiant, provider of a white-label mobile payments, offer redemption, loyalty and cardless cash access platform for banks and retailers, has been named as a finalist for two 2014 PYMNTS Innovator Awards - Most Invisible Player and Best Cash Innovation. This is the third year for the competition, which has seen an exponential increase in participants, and has a submissions, selection and voting process unmatched in intellectual rigor and competitive energy. Judges this year included Janet Estep, NACHA, David Evans, Global Economics Group, Matt Harris, Bain Capital Ventures, Karl Mehta, Menlo Ventures (News - Alert), Hans Morris, General Atlantic, Paul Purcell, Continental Advisors, Dan Rosen, Commerce Ventures, Karen Webster, Market Platform Dynamics & PYMNTS.com and Matt Witheiler, Flybridge Capital Partners.

In the Most Invisible Player category, Paydiant is being recognized for its patented, cloud-based, white-label mobile payment, offer redemption and loyalty platform that allows merchants, banks and payment processors to deploy and manage their own mobile wallets, in their own branded apps. The solution integrates easily with retailers' and banks' existing mobile apps, loyalty platforms and point-of-sale (POS) infrastructure. It does not require new POS hardware and works with existing and future technologies. Other finalists in the category include Mitek Systems (News - Alert), IP Payments, Curaxian and Early Warning.

In the Best Cash Innovation category, Paydiant is being recognized for its patented, cloud-based transaction processing platform that enables consumers to use their smartphones, instead of their debit or credit cards, to securely withdraw cash from ATMs. Other finalists in the category include Prepay Nation, PayNearMe, incomm and Monitise.

"Our innovations are born out of our unwavering focus on using mobile and cloud technology to make consumer interactions with merchants and banks smarter, faster and safer," said Kevin Laracey, co-founder of Paydiant. "We are honored to be recognized by the 2014 PYMTS Innovator judges for our efforts to that end."

Voting will remain open thru February 27^th at 12 noon EST. Winners will beannounced the evening of March 20, 2014 during a live ceremony following the conclusion of The Innovation Project 2014, a two-day program hosted by PYMNTS.com that convenes the most elite innovators and executives to discuss the issues that impact every single player across every single facet of the rapidly changing payments and commerce ecosystem.

"The PYMNTS Innovators Awards is one of the most inspiring aspects of The Innovation Project," says Karen Webster, CEO of Market Platform Dynamics and President of PYMNTS.com. "It puts innovation front and center and serves as a very visible reminder of the creative spirit and energy that will drive our massively dynamic payments and commerce ecosystem forward."

The Innovation Project 2014 will be held on March 19-20 at Annenberg Hall on the campus of Harvard University.* This year's theme: Rethink. Reset. Reinvent will address a variety of topics including the reinvention of retail, commerce, the consumer experience, security, digital cash and global commerce.

For more information on Paydiant and its cardless cash access solution, visit www.paydiant.com. To see the list of other finalists and to vote, click here, and to request an invitation to participate as a delegate please visit theinnovationproject2014.com.

About Paydiant

Paydiant is the provider of a cloud-based, white label mobile payment, cardless ATM access, offer redemption and loyalty platform that enables merchants, banks, and payment processors to deploy and manage their own mobile payment and ATM access solutions under their own brand and on their own terms. Based on a patented, cloud-based transaction processing platform, the Paydiant solution enables the key stakeholders in the payments value chain - retailers, banks and payment processors - to control the next generation of payment solutions. Visit www.paydiant.com for more information about the Paydiant solution and follow us on Twitter @Paydiant.

About The Innovation Project

Over 2 days, 60+ speakers and 600 senior members of the payments industry will change the way that the payments and its broader commerce ecosystem thinks, talks, delivers and ignites innovation. On March 19th & 20th the greatest minds in commerce and payments will assemble at Annenberg Hall in Memorial Hall on the Campus of Harvard University* near Boston to kick the conversation about innovation up to an entirely different level at The Innovation Project. Speakers and delegates are among the most senior executives from literally every established payments company worldwide.

About PYMNTS.com

PYMNTS.com is reinventing the way in which companies in payments share relevant information about the initiatives that shape the future of commerce and make news. This powerful B2B platform is the #1 site for the payments industry by traffic and the premier source of information about "what's next" in payments. C-suite and VP level executives read it daily for these insights, making the PYMNTS.com audience the most valuable in the industry. It provides an interactive platform for companies to demonstrate thought It provides an interactive platform for companies to demonstrate thought leadership, popularize products and, most importantly, capture the mindshare of global decision-makers. It's where the best minds and best content meet on the web.

*Please note that The Innovation Project and PYMNTS.com are not affiliated with Harvard University, nor is the Innovation Project 2014 a Harvard University program or activity.

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