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.MAC UPDATES
Day 2 (March 2) Main Stage Speakers Confirmed at Level Up 22
Join your industry colleagues to reconnect at Level Up 22 in Las Vegas next March. We are thrilled to announce our Day 2 Main Stage Speakers for this premier industry event, which brings the payment ecosystem together for industry collaboration, top-notch education sessions geared to the latest trends, and builds collaboration among the industry.
Opening Speakers: Examining Social Impacts: Financial Transactions & Human Trafficking
Dr. Stacie Petter, Ph.D., Professor of Information Systems, Baylor University
Dr. Laurie Giddens, Ph.D., Assistant Professor of Information Systems, University of North Texas
Closing Keynote: Practical Innovation
Remy Arteaga, Executive Director, CUNY Startups
Register today at early bird pricing and save $75 on your registration fees. The rates expire soon; reserve your seat today and make plans to reconnect with your industry peers in the first face-to-face event dedicated to risk mitigation, regulatory compliance, and transformation in the payments industry.
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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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Next Cryptocurrency Webinar is scheduled for Dec. 7
Join us for the next installment of the Cryptocurrency Webinar series scheduled for Dec. 7. This second session will share the risks your organization should know as you embark on this new crypto world, plus best practices for anyone on your team who works with compliance.
Register today and catch Part 1 here if you missed it.
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.INDUSTRY NEWS
Behavioral analytics beat passwords for authenticating digital financial services
PYMNTS
The uptick in fraudulent activity during the pandemic has forced cybersecurity professionals to rethink traditional user authentication methods. Digital platforms historically have relied on knowledge-based authentication (KBA) and passwords to do the job, but consumers' poor digital habits have made these systems easier to scam.
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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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Forget cash. Pay me in bitcoin
NewsNation USA
As cryptocurrency gains acceptance, more people are vying to get their paycheck and other benefits in bitcoin, Ethereum and other digital currencies. Famous athletes, politicians and everyday employees are now getting all or part of their salary this way.
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Gaming credit cards
The Gameroof
"Gaming" cards appeared in the arsenal of bankers not so far away. Their main purpose is to save money, or as in the case with bitcoin casino with credit card deposit, earn money. Also, such cc gives an increased cashback for operations related to games. It sounds simple and straightforward, but rather blurry, so let's add some particular details.
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Fintech for development: How digital financial services boost economic growth
PaymentsJournal
As the demand for digital and mobile financial services has grown during the pandemic and in developing countries specifically, financial analysts look at how fintech fuels economic growth. One finding is that higher digital financial inclusion in payments goes hand in hand with increased fintech consumer financing.
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Gift card scams are growing, and we're all paying the price
CNET
The scams start out innocently enough. Maybe a phone call from someone who says he works for Amazon, claiming he noticed someone hacked into your account. Maybe someone who says she works for Microsoft, offering a refund for a computer security service you bought a few years ago that stopped working.
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TransferMate: Four ways to prevent supplier payment fraud
FinTech Magazine
Since the pandemic, there has been a significant rise in fraudulent attacks on businesses, during the height of the pandemic, phishing incidents alone rose by 220%. Criminals are shifting their efforts towards digital attacks looking for potential weak points in an organization's software. This means that now more than ever businesses need to be protecting themselves from potential threats.
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Regulating digital lending
Financial Express
Certain "bad practices" in the digital lending ecosystem linked to unauthorized use of data and intrusive recovery practices prompted RBI to constitute a Working Group on Digital Lending that recently released its report. While lending in India is closely regulated, digital lending is not.
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How consumer trends are shifting credit card rewards
Forbes
For decades, credit card rewards were static and predictable. However, the last year and a half expedited big shifts: Credit card issuers scrambled to adapt to shifting consumer demand and spending patterns.
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China's payments U-turn: Government over technology
Brookings
China has been at the forefront of a technological revolution in payments in both its private and public sectors. China's tech firms succeeded in replacing the bank-based magnetic striped card world with a tech-based QR code system.
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