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.MAC UPDATES
Busy schedules shouldn't stop you from watching MAC's educational programming
We get it; calendars are full, and our attention is stretched thin nowadays. To solve this challenge, MAC makes the webinar playbacks available so you can watch them on your time. It is one of the many benefits of being part of the MAC community.
Ready to check out the educational resources available at your fingertips?
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Volunteer openings — join the team!
Are you looking to make an impact in the payments industry? Volunteer with MAC to help drive our strategic mission. We are actively seeking volunteers to support our programs and build collaborative educational resources for all those in the sector. Learn more about the benefits of volunteering and how to get your manager's approval here.
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Digital access to Level Up 21
MAC has made the presentations and resources available from Level Up 21. For a one-time, all-access fee of $79, you can have more than 20+ education sessions led by industry experts at your fingertips. Access is available online and at your schedule.
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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.
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.INDUSTRY NEWS
3 companies transforming Bitcoin into a global means of payment
Finance Magnates
Recent research shows that the number of crypto holders worldwide doubled in the first six months of 2021, and crypto usage itself is up 881% compared to last year.
Bitcoin and other crypto are progressing towards mass adoption faster than you think — mostly thanks to visionary financial companies like the three described in this article.
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Not all payment technology trends are needed globally
Payments Journal
It's always interesting to watch the global payments landscape and see new products evolve to meet the use cases of the various local regions where they operate. Mobile payments in the U.S. were an evolutionary extension of what was already a very robust telecom infrastructure; merchants that accepted payment cards already had card reading terminals or POS systems that communicated with the card networks, first through dial-up and later using the Internet.
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Avoid payment fraud by following these steps
WVUA-TV
The Better Business Bureau is urging the public to take precautions in the face of increasingly common digital wallet scams. Con artists are reportedly using popular peer-to-peer payment services such as PayPal, Venmo, CashApp, Zelle and more to put modern twists on classic scams.
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How to manage your credit cards
Consumer Reports
Quick: How many credit cards do you have but almost never use?
If you're not sure, you're one of millions of Americans who has trouble managing credit cards.
Consumers have an average of four credit cards. However, about 25% of those accounts go unused, according to research by the American Bankers Association.
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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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Crypto firms seeking access to fed's payment system, banks oppose
Bolly Inside
Wyoming-based crypto bank, Avanti Bank, and crypto exchange Kraken are the first ones to demand access. These two players have been working on offering custodial services to institutional layers participating in digital assets. Well, crypto firms are now looking to get access to the Federal Reserve payment systems. However, traditional banks have raised serious objections to this proposal, reports The Wall Street Journal.
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Payment authentication: 3-D Secure demystified
The Paypers
Why is 3-D Secure considered essential to fighting CNP fraud in the EU and elsewhere, but has only recently started gaining traction in North America after being struck in neutral for years? Reed Taussig, the CEO of Outseer, addresses this question.
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Risk management and digital assets: Tips for success
Payments Journal
Cryptocurrencies offer significant returns on investment and are relatively easy to purchase. Inducing them in your portfolio of traditional assets could be an excellent way to see the high upside potential on calculated investments quickly. Obviously, cryptocurrencies are not without their risks—their volatility is ubiquitous with the entire asset class.
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Promoted by LegitScript Negative-option billing, also known as continuity marketing, is a deceptive approach to ensnaring consumers in ongoing subscriptions without their express consent. LegitScript's new 13-page negative-option billing guide discusses important topics in this area, including how negative-option billing works, common red flags, and tips to minimize risk.
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Data analytics engine helps accelerate adoption of electronic payments
AiThority.com
Nexus, the leader in AP automation and payments for the real estate industry, has introduced a new payments data analytics engine that is designed to make electronic payments — such as virtual cards and ACH — more profitable to buyers and more accessible to their suppliers.
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Deep dive: How 2020 increased the necessity of fully online bill payment solutions for businesses, consumers
PYMNTS.com
Businesses and consumers alike are heading online to fulfill more of their banking and payment needs, with individuals increasingly using digital tools to send money or pay their rent, utility and other bills.
One September study found that 62% of consumers paid such bills through biller, bank or third-party websites the prior year, accounting for 9.5 billion bills. The events of the past year had an especially notable effect on businesses adopting such payment tools, moreover.
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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. |
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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. |
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WhatsApp releases a test version of its payment system, which will largely make sending money through the app easier
Digital Information World
Technology has brought the world closer together, and it has made it a global village with every person connected to one another through the internet. With internet gaining a large amount of popularity in the last two decades, digital companies have experienced a boom in their growth. These companies, more or less, have brought about a revolution into day-to-day life and business since they have transformed elements of daily life. With more and more people joining the internet, the shift is only going to increase in the next few years.
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