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.MAC UPDATES
Registration is open for Tech Day(s)
Join your industry peers for two days of virtual programming, networking, and strategic planning at MAC’s first stand-alone Tech Day(s) scheduled for March 2-3, 2021. Tech Day(s) is free to MAC members and $149 for nonmembers.
Day One starts with a keynote from Deloitte speaking about the importance of ethical and technical AI.
Following the keynote, Tech Day(s) will offer two tracks of technical, compliance, and product updates from the major card brands. The day will end with a keynote by Virtru addressing the threat and impact of the compromised employee.
Day Two features a keynote from NIST (National Institute of Standards and Technology) speaking about the relevance of cybersecurity and the threat of ransomware.
The afternoon will showcase two session tracks featuring MAC’s industry partners’ insights into current security and fraud threats impacting the payments ecosystem.
Both afternoons will feature four 10-minute knowledge bursts brought to you by solutions providers and time to network.
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.INDUSTRY NEWS
What are the 5 popular payment trends of 2021?
Payments Journal
The trends of the payment ecosystem have changed rapidly in the last few decades. From cash payment to check payment, now we are on the brink of digital payment systems. The alternative payment industry is gradually accelerating its growth and e-wallets, such as Apple Pay, and other alternative payment mechanisms are going to represent the future of the payment ecosystem in 2021.
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Who are the top female fintech leaders of 2020?
AltFi
In fear of sounding like a broken record, this year has been a bit of a rollercoaster, to say the least.
The year looked to be starting off strong with a series of record raises and acquisitions, only for the country to be plunged into lockdown in March.
Since then, some fintechs have thrived and others have just survived.
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Payments: Uniting tomorrow's future to today's reality
The Paypers
In a rapidly changing business environment, for a large part due to a global pandemic, it has become ironically clear that while global commerce and connectivity might have brought this upon us, it is also the skill sets that we acquired through the need to act globally, that serve us well today.
It is a new world of risk, but also the safety in the near and distant, in the local versus global. We continue to rely on what we know and trust through embracing the digital and contactless world that connects the near and far. The many conversations I had with colleagues and clients over the last months, taught me that nearly all of us are contemplating this to be seemingly inconsistent.
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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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Can modern payment methods help businesses stand out?
Virtual-Strategy Magazine
The competition between businesses existing in the same sector is growing tighter. Modern technology means that even smaller firms can tussle with the big hitters in each industry. Moving advertising online, for example, means that those without the funds for a big TV commercial can still go viral and gain attention. So, businesses have been searching for ways to improve their competitive difference. Could the secret to being viable in a competitive business environment be to introduce modern ways of allowing customers to make payments?
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Binance, OKEx payments partner Banxa set to make milestone stock exchange listing
CoinDesk
Australia-based digital payments infrastructure provider Banxa is set to list on a Canadian stock exchange after being granted approval from local regulators earlier this month.
According to a report from the Australian Financial Review’s Street Talk, Banxa’s shares are expected to launch for trading on TSX Venture Exchange on Dec. 25, with a market cap of almost $50 million.
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Deepfakes mean deep financial loss for banking and payment industries
Payments Journal
Banking and Payment Industries are on high alert due to a new threat in the cybersecurity landscape. Like many things originally intended for good, artificial intelligence and deep learning has morphed into the proliferation of deep fake technology — an insidious problem for these industries.
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B2BE, OnPay team up for B2B payments automation
PYMNTS
Procure-to-pay provider B2BE and OnPay, which works in payroll services, are partnering to help clients access B2B payments automation, according to a press release.
B2BE's holistic services work for both direct and indirect spend, an omnichannel approach working to meet the suppliers at their level, at either a supplier portal, Web EDI or via email.
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What are the top 10 trends that put you at risk of BRAM & GBPP fines heading into 2021? Download the guide and find out..
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How scammers target PayPal users and how you can stay safe
WeLiveSecurity
PayPal is one of the key players in the field of online payment providers, operating as a payment processor for popular online marketplaces, auction websites, as well as other commercial sellers. Popular brands such as Microsoft, Google Play, PlayStation Store, and Ikea are among the vendors that offer payment through the platform. With 361 million active registered users, who make around 40 payment transactions per active account over a 12-month period, it’s also hugely popular. However, its users are also often targeted by various cybercriminals and scammers looking to make a quick buck.
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Payment-market evolution explained
DSNews
Although like many sectors, it has faced challenges related to COVID-19, the payments market is quickly evolving, according to industry insiders.
Marius Galdikas, CEO at ConnectPay, a fintech bank, notes that factors including Banking-as-a-Service, the pursuit of regulation, less reliance on third-parties, enhanced biometrics, and increased flexibility are likely to have the most impact on the payments market into 2021.
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TechToPay on safety and regulation in fintech
TechBullion
The fintech industry spent the entire decade trying to differentiate itself from traditional financial institutions in the eyes of the consumers.
From the look of things, not only has the industry succeeded in distinguishing itself from the regular banking institutions, but also in grabbing a part of the market.
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Swift Community Update: Payments transformation in the UK
Finextra
Financial institutions in the UK have faced a variety of challenges this year, including the complexities of the geopolitical environment and new and challenging macro factors caused by COVID-19 that will extend into the coming years.
At the same time, the pace of technology advancement continues to accelerate, and the pressure is on to innovate in order to improve the front end user experience for customers, providing new data insights and trying to meet the challenges of instant and frictionless transactions, while maintaining the highest standards of operational resiliency and cyber security.
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How to guard against corporate credit card and expense report fraud and abuse
Forbes
Last month a former research analyst for Bank of America made news when it was reported he put more than $20,000 in personal expenses at an “adult entertainment establishment” on the company’s credit card in 2019 — and refused to pay it back. The incident is an important reminder for business executives about two costly problems — corporate credit card abuse and fraudulent expense reports.
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Promoted by
Sysnet Global Solutions
| Learn how acquirers and processors can reduce their reliance on PCI non-compliance fee revenue while setting the stage to deliver enhanced security capabilities that increase PCI compliance, reduce merchant churn, and dramatically enhance overall recurring revenue |
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Promoted by
VISA
| Do you have an idea for a new product or service? Or have you identified an opportunity that no one has capitalized on? Or perhaps you’re taking over an existing business? Whatever your situation, we have helpful tips and recommended partners that can help your business. |
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5 fintech companies transforming the financial space in Denmark
IBS Intelligence
The Danish fintech sector has experienced significant growth, facilitated by a highly educated and digitally literate population, specific government policies aimed at promoting financial innovation, and the development of Copenhagen fintech as an international fintech hub since 2016. The largest group of fintech businesses in Denmark operates within the sector of digital payment solutions with mobile payments currently at the forefront.
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