Next-gen payment platform and CTO Craig Glendenning honoured by international software and technology community

Melbourne, AUS / BOSTON – Mar. 21, 2017 – Bluechain, the next-gen universal payment platform, received the 2017 Softech INTL Award for Excellence in Secure Payment Technology. In addition, Chief Technology Officer (CTO) and Bluechain inventor, Craig Glendenning, has been named Australia’s Most Innovative CTO.

“Bluechain changes the way central payment networks, Tier 1 and 2 banks, merchants and consumers handle transactions with one secure digital payment platform for every situation,” said Glendenning. “It’s an honour to be recognized by the international financial services and technology communities for Bluechain’s innovative next-gen payment platform that raises the standard for addressing card fraud for banks, lowering costs for retailers, increasing mobile adoption and safeguarding customer data to deliver unmatched value for every user.”

A progressive CTO with CFO-like focus

Glendenning built his 30-year career on the development of innovative solutions that address critical banking industry issues. Craig worked for Commonwealth Bank of Australia where one of his significant achievements was the development of the BPAY bill payment system. He developed payWave for VISA and pioneered its first mobile contactless solution (similar to Apple Pay and Samsung Pay), which was the first successful application of near-field communication (NFC) technology with a payment system. VISA payWave has significantly enhanced the customer’s shopping experience: in Australia, more than 70% of EFTPOS transactions are now contactless.

After BPAY and VISA, Glendenning realized that a universal payment system was needed for every situation (in-store, online, by-phone, in-app) from any business or customer account or card, to any other business or customer account or card (pay anyone, bill a pay, pay me). He patented a number of new solutions and is in the final stages of securing others, now held by Bluechain Pty Ltd.

One platform, one experience for all paymentsSM

The Bluechain platform sets new benchmarks for cost management, security and versatility. Central payment networks, banks and merchants are empowered with secure in-store, online, in-app and remote transaction capabilities, across all payment channels.

“Bluechain’s next-gen payment platform offers central payment networks and financial institutions a secure system to streamline merchant and consumer transactions and grow their market share,” said Mike McAuley, CEO for Bluechain. “Bluechain’s patented technology provides a new security paradigm built around secure transactions through a single app that removes the reliance on expensive point-of-sale terminals for security, and enables a superior user experience across the payment supply chain, for any transaction.”

Softech INTL is distributed globally to more than 43,000 decision makers within the software and technology industry, across 50 countries. Visit http://www.softech-intl.com/ for more information.

About Bluechain

Bluechain is a next-gen universal payment platform that enables central payment networks and financial institutions to streamline merchant and consumer transactions. Using existing infrastructures, Bluechain leverages a new security paradigm that eliminates the need for exposing cardholder data during a transaction and delivers one app for all payments. Bluechain reduces the major causes of card fraud and breaches, increases mobile payment adoption and lowers fees and costs. For more on Bluechain visit www.bluechain.com.