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.MAC UPDATES
Level Up 22 - Save $75 on your registration fee
We are heading to Las Vegas, March 1-3 for Level Up 22 — the premier industry event for collaboration, communication, and education. Join the growing industry of fraud fighters and do-gooders at this revamped event which now features three education tracks with curated content for all aspects of the industry. Bring your team as the wealth of knowledge shared at this 3-day event will give you the resources to refine your planning efforts for 2022.
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Be a speaker in the MAC Webinar Series
MAC is close to finalizing our 2022 Monthly Webinar Series lineup. Do you have an industry topic to share? Add your name to our speaker pool and submit your content today to be featured in our 2022 series. Speakers in our monthly webinars showcase their industry knowledge and are seen as a partner with MAC on its mission to provide educational resources to the payments ecosystem. In addition to a solo speaking feature, slots are still available to join one of the industry panel topics currently being constructed.
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The ABC's of Underwriting - Part 1
In the first of a two-part series, Web Shield’s Andreas Stedry leads us through the alphabet of merchant underwriting for acquiring banks and payment service providers (PSPs).
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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
New study: Debit, credit in physical stores pull ahead of digital wallets
PYMNTS
In early December 2019, few had yet heard of COVID-19. News reports were only just trickling in. It didn't seem like the entire world was teetering on the brink of colossal change, but it was. The health crisis wrought massive changes in all areas of life, with consumer spending behavior high on the list. We've embraced a new connected way of life tied together by payments, and how we pay today almost two years into COVID foreshadows more changes still to come.
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Combating fraud with B2B digital payment solutions
PaymentsJournal
Traditional paper check usage has been on a downward trend for decades. Consequently, more organizations are aiming to incorporate digital payment solutions into their business-to-business (B2B) transactions. Shifting to digital payments can save time and money, but businesses must also heighten their security measures to prevent the associated fraud risk.
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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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5 notable FinTech funding rounds of 2021 in the Americas
IBS Intelligence
The rise of new FinTech startups, new-to-bank population and technological advancements have paved the way to an upsurge in FinTech evolution. With individuals getting familiar with digital ways of conducting their banking transactions, the trend is expected to continue even post the COVID-19 era.
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How pre-payment review elevates payer payment integrity
HealthPayerIntelligence
Payer payment integrity strategies are generally built around post-payment reviews to ensure appropriate reimbursement was sent to providers for medically necessary services. However, truly comprehensive payment integrity strategies have shifted to pre-payment reviews to improve claim accuracy and reduce administration burden on both sides.
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Facebook testing 'split payments' feature in messenger
PYMNTS
Splitting shared payments can be difficult, whether it’s quickly dividing up a dinner bill for several people or wrangling everyone’s share of rent in shared accommodation.
These are a common enough struggles, and ones Facebook says it wants to help ease.
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Stripe anonunces OpenChannel acquisition
PYMNTS
Digital payment processing firm Stripe on Monday (Dec. 6) announced the acquisition of app marketplace software platform OpenChannel, which helps businesses build app ecosystems for third-part developers and users.
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Cash back, miles or ... wine? Credit card rewards are evolving
Entrepreneur
Rewards credit cards typically come in two basic flavors: cash back and travel — useful if you want to save money without couponing or spend less on that annual visit to the in-laws. But a number of new credit cards are reimagining the role a rewards program could play in your life. These cards can help incentivize certain behaviors, or allow you to fund a hobby or investment account.
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