This message was sent to ##Email##
To advertise in this publication please click here
|
|
|
.MAC UPDATES
MAC's Executive Director Inducted to ASAE Fellows
MAC is pleased to announce that Mark Nelson, Executive Director for MAC, has been selected to join the 2021 American Society of Association Executives (ASAE) Fellows program.
The Fellows program bestows an honorary recognition upon exceptional association leaders making noteworthy and sustained leadership contributions to their organizations, ASAE, and the association management profession. Those who are named ASAE Fellows are committed to contributing continued leadership and service to the association community.
|
|
New MAC Volunteer Posting - Video Interview
MAC seeks individuals to be interviewed for upcoming MAC videos. In preparation for Level Up 22, we are looking to collect a series of short interviews on video that we can use during different segments and promotional content for the event. Interviews will focus primarily on personal experiences with MAC since its founding to celebrate MAC’s 25th anniversary year.
|
|
.INDUSTRY NEWS
7 digital payment trends to watch for in 2021
Tech Times
Few things have swung decisions in the world of digital payments like the COVID-19 pandemic, with tech companies reimagining payments. But a global crisis and a new normal that makes people view cash bills with suspicion were bound to affect payment trend predictions.
|
|
|
|
 |
|
Boarding more merchants faster is key to growing a merchant acquiring business, but it’s risky. KYC due diligence is more than simply a required “tick-the-box” task—it’s the first and critical line of defense against boarding bad actors. This series is designed for risk managers looking to implement the latest advancements in KYC technologies to speed due diligence and underwriting while increasing revenue and compliance.
|
|
Businesses must embrace the digital-first model to deliver exceptional payment experiences
PYMNTS
In A Decade of Digital Transformation in 12 Months, 46 C-suite executives spoke with PYMNTS for its Q2 eBook on what the world will look like as recovery rolls on and the next iteration of normal rolls out. In this excerpt, Craig O’Neill, CEO of Versapay, explores how the pandemic pushed consumers into a digital shift, and how they have benefited from “speed, convenience, more choice, richer information, and more.”
|
|
Top 5 digital payment trends to keep an eye on in 2021
Analytics Insight
According to the latest research, the global payments industry previously was about $5.4 trillion in 2020 and is likely to touch $6.6 trillion by 2021. It is expected to reach up to $10.5 trillion in value within four years. Here are the top 5 digital payment trends to keep an eye on in 2021.
|
|
Trends signal an ominous future for credit cards
The Financial Brand
The credit card is approaching its 75th birthday in a few years. But considering a new report indicating consumers are phasing out the product, it's fair to ask if the credit card industry will see another 75 years.
|
|
Thwarting authorized push payment fraud
BankInfoSecurity
Behavioral biometrics can play an important role in mitigating the risk of authorized push payment fraud, says Reed Luhtanen, executive director at the U.S. Faster Payments Council. This biometrics technology involves, for example, "analyzing how one holds a particular device or how you are moving the mouse," Luhtanen explains. Artificial intelligence can help analyze previous behavior patterns to determine if the right person is involved in the payment, he adds.
|
|
|
|
 |
|
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.
|
|
Mastercard moves to eliminate 'fiat burden' and compliance worries from crypto cards
PYMNTS
To get crypto cards into the hands of the masses, to get them spending in commercial and retail use cases ... well, the cards have to be issued first.
Issuers, of course, want to link into the Mastercard network so that users can spend their crypto assets wherever Mastercard is accepted and benefit from the continued embrace of digital currencies by businesses and consumers.
|
|
How likely is it for an African fintech startup to scale?
Quartz
While Africa’s fintech industry is growing rapidly, with more and more companies being launched, scaling in the ecosystem is rare, a new report says.
Of 716 fintech companies that operate in Africa according to the report, only 5% have scaled, says the study by the Wheeler Institute for Business and Development at the London Business School and the UK Foreign, Commonwealth and Development Office.
|
|
Rising demand for smartphones in emerging economies to positively impact the digital payment market growth
Yahoo!
The global digital payment market size is anticipated to reach a transaction value of USD 19.89 trillion by 2026, exhibiting a CAGR of 24.4% during the forecast period owing to the increasing usage of smartphones worldwide. Smartphones can be viewed as one of the greatest, if not the greatest, revolutions in the information and telecommunication industry in the last century. Today, any kind of information is available at your fingertips due to the omnipresence of smartphone technology and its usage is only growing.
|
|
|
|
 |
|
Promoted by LegitScript
The domestic online gambling market in the United States is thriving — and any burgeoning market invites bad actors to penetrate. In an upcoming webinar, you'll learn about high-risk activity in domestic online gambling, new types of gambling, and how to effectively manage the risk within your merchant portfolio.
|
|
Payments startup Rapyd raises $300 million round amid fintech valuations boom
Forbes
The valuation of Rapyd, the payments platform that handles payments for Uber and Ikea has doubled to $5 billion since raising its last round in January amid a pandemic-driven boom for fintechs. The London-based company raised a $300 million Series E round to fund acquisitions and expansion into Latin America and Asia.
|
|
|
|
AP automation moves to the forefront as COVID accelerates back-office digitization
CPA Practice Advisor
Over the last year, COVID-related remote work mandates and supply chain dependencies have helped accelerate the digitization of businesses, especially in the back office where inefficient manual processes created enormous challenges for staff. The strategic importance of AP was also elevated as organizations recognized the need for better cash flow management and prompt supplier payments to keep goods and services flowing.
|
|
Report: Nearly 60 percent of consumers want to buy stuff with crypto
PYMNTS
The individuals who buy and hold cryptocurrency, and even those who don’t, agree on one thing: They think digital currencies should be able to be used to make everyday purchases, despite the fact that many obstacles to mainstream status still exist. The new Cryptocurrency Payments Playbook: Cryptocurrencies Gain Momentum as a Payment Option, a PYMNTS and BitPay collaboration, analyzes a census-balanced survey of 8,008 U.S. consumers who were current and former cryptocurrency owners and cryptocurrency non-owners.
|
|
The key to stopping Buy Now, Pay Later fraud
The Paypers
Buy Now, Pay Later (BNPL) — or providing ‘instant credit’ at the point of sale — isn’t new, but has grown rapidly in line with pandemic-related ecommerce growth. In addition to helping customers alleviate financial pressure and merchants meet online shopping demand, BNPL also serves untapped market segments, including people who lack access to traditional credit channels (particularly in underdeveloped credit markets), and younger generations who don’t trust or have access to traditional credit cards. While BNPL currently only reflects a small portion of the USD 8 trillion US payment cards market, CB Insights expects it to grow 10-15x by 2025.
|
|
|
Promoted by
Sysnet Global Solutions
| Are you ‘prescribing’ the right security solution to your merchants?
When it comes to small businesses, an all-in-one cybersecurity solution is just what the doctor ordered. |
|
|
|
|
Promoted by
Select Choice
| The world is changing every day. Help your team stay ahead of the curve with people solutions from Select Choice. In our latest whitepaper, Making Moments Matter, you'll have access to leading research on staff and resource development. |
|
|
|
|
|
|
|
7701 Las Colinas Ridge, Ste. 800, Irving, TX 75063
|
