This message was sent to ##Email##
To advertise in this publication please click here
|
|
|
.MAC UPDATES
Join MAC & Wnet for a co-hosted webinar on Aug. 26
Many talented payments professionals have found themselves dealing with the fallout from mergers, downsizing, and layoffs in recent years. Join us on August 26 to hear from two industry veterans who reinvented themselves later in life and found that you’re never too old to find your passion.
Register today! This webinar is FREE to MAC members.
|
|
.INDUSTRY NEWS
Championing women in fintech — why and how?
FinTech Magazine
Fintech is a forward-facing industry driven by innovation. Increasing evidence demonstrates that diversity and inclusion results in more creative and innovative environments. Evidence also shows that firms with women in senior roles outperform firms without female representation, both in terms of innovative solutions and the firm’s bottom line. Not only would championing female entrepreneurship in fintech benefit innovation, but it would benefit women, men and the economy as a whole. So why aren’t there more women in fintech and how can we change this?
|
|
|
|
 |
|
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.
|
|
A look into Brazil's booming fintech scene
Forbes
"Necessity breeds innovation," and that is probably one of the reasons why Brazil has such an interesting, boundary-pushing fintech scene. Most Latin American innovative companies are in Brazil, and the country receives over half of all investments made to fintech in the continent. This may come as a surprise to the rest of the world, so today, I invite you to get a closer look at how Brazilian fintech is pushing the envelope.
|
|
Indisputably different: Disputes processing for real-time payments
PaymentsJournal
The demand for real-time payments is on the rise. With that increase in demand comes an inevitable rise in disputes. While managing disputes is relatively straightforward for card-based transactions, that is not the case for real-time payments. As consumers continue to flock towards real-time platforms, the need for better dispute processing is becoming more apparent.
|
|
The secret tactic fraudsters are using to attack your business
The Paypers
Fraud is often described by the specific abuse type or tactic used by fraudsters — account takeover, payment fraud, malicious content — contributing to the notion that fraud vectors are siloed. But we now know that bad actors rarely stick to a single abuse type and, more often than not, employ a variety of tactics and commit varying types of fraud as both a springboard for, and a bridge between, other fraud types. We call this the Fraud Economy — the interconnected web of fraud and abuse types that fuel one another.
|
|
|
|
 |
|
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.
|
|
Lack of consumer trust in digital payments means ewallets won't dominate the payment industry
The Fintech Times
The past year has seen consumers and retailers move away from cash, but shoppers haven’t rushed to embrace mobile wallets as a replacement. According to McKinsey, more consumers reported a deteriorating perception of the security of digital payments over the past year (15%) than an improving one (11%). Similarly, while 64% of consumers say they trust banks, only 47% say the same for digital payments providers. This supports findings by PCM that payment cards will dominate the banking scene “until at least 2025”.
|
|
What the Square Afterpay deal means for BNPL, fintech, bigtech and banks
PYMNTS
Square’s announcement that it’s going to acquire Afterpay for $29 billion just about broke the payments portion of the Internet last Monday. No one saw it coming, many consider it an unlikely pairing, and the premium Square is paying for the deal is a head-scratcher.
For students of platform strategy and ignition, the acquisition makes perfect sense.
|
|
Traditional banks are getting a digital makeover
PaymentsJournal
Consumer payments are becoming more and more invisible. People can now do things like order food and have it delivered without ever pulling out cash or a credit or debit card. As more fintechs popup with services that offer frictionless payments for customers, banks and issuers struggle to remain in the game.
|
|
Indian government touts digital payment of welfare benefits
Nikkei Asia
India's new cashless and contactless instrument for digital payments, the e-RUPI, which aims to provide leakproof welfare services, is expected to make doing business in the country more efficient and is likely to bolster Prime Minister Narendra Modi's political support, according to analysts.
The e-RUPI is a person- and purpose-specific payment system that uses a QR code or SMS-based electronic voucher that is delivered to the mobile phone of a beneficiary. Under this one-time payment mechanism, users can redeem the voucher without a card, digital payments app or internet banking access, at the service provider.
|
|
|
|
 |
|
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.
|
|
STMicroelectronics strengthens position in smart payment industry
EE Times Asia
The smart card market is forecast to reach $16.9 billion by 2026, up from $13.9 billion in 2021 — registering a compound annual growth rate (CAGR) of 4% during the period, according to MarketsandMarket. This is mainly driven by the surge in demand for contactless card payments, proliferation of smart cards in healthcare and transportation, and increased penetration of smart cards in access control and personal identification applications, to name a few.
|
|
|
|
Payments competition concerns raised over Eftpos' proposed merger with NPPA and BPay
ZDNet
The Australian Competition and Consumer Commission (ACCC) is concerned the proposed merger of Eftpos with BPay and New Payments Platform Australia may impact payments competition.
Eftpos, BPay, and NPPA announced plans in December to amalgamate. Eftpos operates a network of payment terminals, Bpay is an electronic bill payments system, while NPPA is the company charged with the oversight of all of the transactions moving through Australia's updated payments system, the NPP. If approval to merge is granted, the company will emerge as Australian Payments Plus Ltd, or AP+.
|
|
|
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. |
|
|
|
|
Coinbase says crypto exchanges face dual regulations to meet differing authentication rules
PYMNTS
Authentication represents a critical security challenge for digital businesses of all kinds, with unauthorized access accounting for 43 percent of successful data breaches at companies in the United States in 2020. Consumer losses from identity fraud totaled $56 billion last year, and 53 percent of U.S. federal, state and local government agencies have observed a rise in account takeover fraud over the last two years.
|
|
|
|
|
7701 Las Colinas Ridge, Ste. 800, Irving, TX 75063
|
