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.MAC UPDATES
MAC Levels Up the Level Up Annual Conference
Join us, March 1-3, in Las Vegas for MAC’s premier educational event, Level Up 22. This year MAC is leveling up your event experience with more educational tracks with topics geared toward your whole team. Content will be focused on all aspects of the payments industry and apply to all skill levels — from the newly employed in the payments ecosystem to the industry veterans. We will be announcing agenda details over the next few months.
We are excited to announce the addition of two networking events to the agenda lineup. Coffee Connect returns in-person based on the positive feedback received from our slate of virtual events. We’re also introducing a new Young Professional event designed to connect the next generation of fraud fighters and payment professionals.
The agenda continues to take shape as we build a curated content experience unlike years before. You can see sessions as they are released on the member site — click here. Register early to take advantage of 2020 pricing until Dec. 17 and join us to celebrate MAC’s 25th anniversary and much more next year!
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The Great Reassessment
MAC Executive Director, Mark Nelson, shares an article from Lisa Barone, Chief Marketing Officer at OverIT, talking about the impact COVID-19 has had on how we measure our work. We encourage you to read this humorous and insightful piece and share your thoughts with your team.
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.INDUSTRY NEWS
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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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14 surprising projections on the future of banking
The Financial Brand
The financial services industry is moving faster than ever before and change will never happen this slowly again. As investments in new technologies and fintech firms hit record levels, traditional banking organizations are moving away from existing business models. But what will the future bring? We asked industry executives for their thoughts.
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Digital payments meet gaming
ATM Marketplace
As mobile and contactless payments expand, consumers expect safe and convenient ways to send and receive money in all types of environments. Payment technology providers aren't missing a beat in addressing this need.
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Get invited to go outside and play — exploring new payment experiences
The Paypers
You are proud of your company for quickly transitioning to an online pandemic position for shoppers. Your customers, your leadership, and your company’s profitability relied on this shift and you delivered. Across the world, we seem to be closer to the end of the pandemic than the beginning. As various parts of the world fight through expanding cases, variant growth, vaccinations, and loosening restrictions, are you ready for post-pandemic shopping patterns? Did you just assume that everything will return to pre-pandemic norms? It will not, so it is time to redesign the user experience — again.
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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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Deep Dive: How emerging digital payment options impact cross-border customer experience
PYMNTS
As businesses are working to support an increasing volume of cross-border transactions, eCommerce growth is expected to continue long after the pandemic ends. Recent research established that more than $120 trillion in payments volume flows between trading partners annually, and $10 trillion of that volume stems from cross-border trading.
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From alternative to mainstream: Trends in digital payments
Forbes
The first law of technology is change. The acceleration in the rate of change in the past 18 months has catalyzed advances in technology and changes in consumer behavior unprecedented in modern history. As the CEO of a digital payments business, I've seen how digital payments, and especially methods broadly referred to as alternative, have gone mainstream.
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Fighting the rising threat of payments fraud and ATO in fintech
The Paypers
Account Takeovers (ATO) pose a major risk for fintech, especially in the current fast-growing environment. Besides the tech-forward financial services that seem to be springing up everywhere, there's also the digitalization of legacy financial institutions.
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Mobile payment providers push for adoption across markets
eMarketer
A global rise in mobile payments holds true in the mature UK, Canadian, and Chinese markets, where near-universal smartphone and banking penetration make mobile payments accessible to large swaths of consumers. However, growth rates vary in each market, which is pushing providers to get creative in attracting new users and increasing engagement. At the same time, they must contend with shifting consumer habits, changing regulations, and mounting competition.
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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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The $61 billion cannabis industry is getting its first dedicated digital payments platform
Tearsheet
In 2020, Americans purchased $18.3 billion in cannabis products, up $7.6 billion from the previous year. The vast majority of those transactions happened in cash, and as we round up 2021, that might finally begin to change. Valley Bank, a New Jersey-based bank with $41 billion in assets, has announced that it is launching the country’s first digital payment platform designed specifically for cannabis-related businesses, called Valley Pay.
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Visa: Digital, payments choice key to airline travel rebound
PYMNTS
Airports, ghost towns not all that long ago, are once again bustling as the world heads into the all-important holiday season and beyond.
Getting travelers hither and yon entails a complex and complicated financial supply chain — especially since travel is not confined to domestic markets, but crisscrosses continents and currencies, languages and all manner of documents, 24/7/365. And the entire process could frankly use an upgrade, said Fernando Souza, vice president of Global Segments at Visa’s global payment and fraud-management platform, Cybersource.
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