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.MAC UPDATES
Start 2021 with a MAC Membership
MAC leads the industry with its distinguished reputation for combating fraud through quality education, industry collaboration, and resources. Our membership consists of payment professionals and their supporting organizations.
As you look ahead in 2021, ensuring the safety of your organization is critical to its success. A membership with MAC will offer alerts regarding suspicious merchants, card brand updates, fraud trends, and loss mitigations. As a MAC member, you will have direct access to our monthly webinars and industry-leading events, Tech Day(s), and Level Up at member-only pricing.
Join MAC today and start 2021 with a fresh set of industry resources at your disposal.
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.INDUSTRY NEWS
Gearing up for 2021: Visa's top predictions for the future of payments
Entrepreneur
The year 2020 has seen many seismic shifts, which besides changing deeply ingrained consumer behavior are also shaping the future of payments. Taking stock of the digital payment trends that transpired and of those that accelerated in 2020, here are Visa’s top predictions for 2021.
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How the payments industry is coming together to quash financial crime
The Banker
The world over has seen a marked increase in fraud and money laundering during the COVID-19 pandemic. At a recent roundtable, industry experts discussed how the financial industry is coming together to collaborate and deploy innovative, network-level solutions to trace and prevent financial crime across the digital economy.
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Payment rail innovators look ahead towards digital currencies, faster payments
PYMNTS
With payments innovation continuing to accelerate, a number of new initiatives are now underway across a range of payment rails. In Nigeria, that means improving upon the legacy of the paper check, while in the U.S., Nacha is preparing corporates for faster payments. Meanwhile, chatter continues to grow about blockchain-based Central Bank Digital Currencies (CBDCs) to power cross-border transactions, with widespread implications for the payments landscape.
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9 trends: Credit cards during the COVID-19 pandemic
CardRates.com
The COVID-19 pandemic has affected just about everything in 2020, and credit cards were no exception. From account balances to rewards offered and customer satisfaction among credit card issuers, the pandemic has altered the way consumers utilize credit.
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AgeChecker.Net is the leading provider in online age verification for age-restricted industries. Compliance for Tobacco, Vape, CBD, gaming, supplements and many more. Require your merchants to use online age verification for age restricted products. Protect your merchant portfolio by adding an additional layer of KYC compliance.
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Rise of financial fraud in a COVID-19 world
Fortune India
The COVID-19 pandemic has led to a swift adoption of digital transactions. But increased digitalisation in banking has also given a fillip to cyberattacks. How do we circumvent this problem?
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H&R Block confirms mixup in second stimulus payments, causing delays
News Center Maine
If you're a customer with H&R Block, you may experience a delay in receiving your second stimulus check.
While the IRS and the U.S. Treasury Department began issuing the second round of stimulus checks last week, H&R Block customers are taking to the Internet to air out their frustration about their payments not ending up in their bank accounts.
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3 ways digitization is changing healthcare payments
Financial Executives International
After COVID-19 struck the U.S., almost every industry changed its payment and invoicing processes in response. Healthcare, however, had bigger issues to worry about — like treating a novel disease, securing PPE and ventilators, and protecting overworked staff. Meanwhile, financial executives needed to manage a collapse in revenue as patients postponed elective procedures.
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Why digital laggards finally became part of the digital payment landscape
Mobile Payments Today
We are almost a year out from the start of the coronavirus pandemic and the digital payments industry is waiting to see if consumers that migrated to digital payments during the pandemic will continue to utilize digital payments and banking post-pandemic or return to the more traditional payment methods of cash, checks and ATMs.
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Promoted By legitscript
The Merchant Risk Masters Series is a three-part webinar series, approved for ETA CPP CE credit, on transaction laundering, merchant analysis, and highly regulated industries. Attend all three webinars and get a Merchant Risk Master Certificate that you can list on your LinkedIn profile!
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Digital Banking 2020: Digital transformation — The cultural imperative
American Banker
During 2020, our society has been faced with an economic crisis, health crisis, social justice crisis and environmental crisis. The pandemic has rapidly changed how banks engage with customers and employees; accelerating the shift from in-person interactions to digital engagements. Successfully leading a digital transformation requires much more than smart technology choices, culture is key.
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Digital banking startup Oxygen secures $17 million Series A
PYMNTS
Digital banking platform Oxygen has closed a $17 million Series A funding round that included Runa Capital, S7V, 1984.vc, EFG Hermes, Rucker Park and Inventures, the Silicon Valley startup announced in a Monday (Jan. 4) press release.
The round also included investments by celebrity and FinTech leaders such as Frank Strauss, global CEO of the Private & Commercial Bank for Deutsche Bank AG; William Hockey, co-founder of Plaid; Ankur Nagpal, founder and CEO of Teachable; Peter Treadway; and NFL wide receiver Larry Fitzgerald.
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California's financial regulator starts 2021 with expanded consumer protection responsibility
Sacramento Business Journal
With the new year, California's financial regulator has new tools and abilities to protect consumers from unlawful, deceptive and abusive practices in more financial industries.
The Department of Financial Protection and Innovation, the new name for the Department of Business Oversight, has the ability to investigate and prosecute previously unregulated financial products and services, including debt collectors, credit repair companies, consumer credit reporting agencies, debt relief companies, rent-to-own contractors and private school financing companies.
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5 hot banking & payment trends that will get hotter in 2021
The Financial Brand
The unusual circumstances of the pandemic year have set in motion fast-moving changes that will significantly affect banking in the year ahead. One or more of these trends will impact the competitive situation for every financial institution.
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Promoted by
Sysnet Global Solutions
| Learn how acquirers and processors can reduce their reliance on PCI non-compliance fee revenue while setting the stage to deliver enhanced security capabilities that increase PCI compliance, reduce merchant churn, and dramatically enhance overall recurring revenue |
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Promoted by
VISA
| Do you have an idea for a new product or service? Or have you identified an opportunity that no one has capitalized on? Or perhaps you’re taking over an existing business? Whatever your situation, we have helpful tips and recommended partners that can help your business. |
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Will contactless payments be able to maintain their popularity?
Yahoo!
The coronavirus pandemic has changed the way businesses have been operating so long. Social distancing to contain the spread of the deadly coronavirus saw people opting for newer modes of transaction. This saw contactless payment methods gain prominence.
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