Breaking Industry News – Friday, June 14, 2019U .S. merchant acquirers and processors are reacting to the June 7, 2019, decision by the U.S. District Court of Appeals for the Western District of Tennessee, which held First Data Corp. liable for damages stemming from two data breaches at Spec's Family Partners Ltd., a liquor store chain and First Data merchant.
The unanimous decision by District Court Judges Batchelder, Cook and Kethledge, found that even though Spec's had failed to comply with PCI security standards, which left its stores vulnerable to hackers, First Data's decision to freeze millions of dollars in credit card receivables violated the terms of the merchant's processing agreement.
Online Edition – Issue 19:06:01By Dale S. Laszig
T raining initiatives for merchant level salespeople (MLSs) reflect a growing interest in payments best practices and self-governance. The Green Sheet published a two-part series on payments education in June 2017: "Training turns tactical in payments biz," in issue 17:06:01, reviewed approaches to in-house training; "Tapping into payments' goldmine," in issue 17:06:02, explored industry course offerings and certifications. In this article, program designers and participants offer perspectives on leveraging professional development programs.
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Financial Services & Payment Technologies
America's ATM industry conference & expo, dedicated to the independent/retail ATM marketplace.
June 20, 2019
TRANSACT Tech ATL
July 10, 2019
Financial Innovation & Payments Summit
July 10, 2019
Cyber Security Summit 2019
July 15, 2019
Digital Insurance Summit 2019 Summer Seminar
July 17, 2019
MWAA 2019 Conference
Merchant Sales Podcast #45Learn about the value of simplified statement analysis, cash discounting and exit plans This week James describes how agents can provide prospective merchants with price quotes, instantly, without ever having to request statements. Plus Patti explains the importance of exit strategies and James reviews the case for cash discounting.
Video coming soon.
Check back for updates.
South Seas Data LLC.Company profile from GS190601
F ounded in 1992, South Seas Data LLC began serving the money transfer industry as a supplier to First Data Corp. Since then, Englewood, Colo.-based SSD has continued to provide custom service solutions to Fortune 500 companies in the technology market, with a concentration on replacement and maintenance solutions for POS terminals and personal computing hardware.
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Chengdu Global Venture, Investment and Financing Docking Day is on the Stage
R-Style Lab Makes the List of Top IoT Development Companies by Clutch
Agenda Now Live for MPC19 Emerging Payments Conference in Chicago, Aug. 26-28, 2019
ECRM Hires CPG Industry Veteran to Lead General Merchandise Team
20 CONTACTLESS BIOMETRIC CARD PILOTS FOR FINGERPRINTS
PPRO Acquires allpago to Become the Market Leader in Local Payments
