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Breaking News articles for August 2022

In memoriam: Visa visionary Dee Hock

Thursday, August 11, 2022

Dee Hock, the banker who built Visa into a global payments behemoth, died last month at the age of 93. The credit card industry was nascent, and circling the drain when Hock was tapped in 1968 to devise to salvage what was then known as BankAmericard. At the time, the business was awash in red ink, due to bad debts and fraud, and was owned by Bank of America which licensed other banks to issue cards.

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Employees to take helm at DigiPay

Tuesday, August 9, 2022

On Aug. 1, 2022, DigiPay Solutions Inc., an independent payment provider, stated it will transfer company ownership to present and future employees. The company's co-founders, Mike Ackerman, CEO, and Sandy Travers, COO, said the time is right for new leaders to drive the company's deep relationships and technology suite of next-generation solutions.

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Stronger, streamlined STA enters fourth decade

Friday, August 5, 2022

The Secure Technology Alliance is once again retooling and restructuring in response to changing paradigms in identity management and security protocols. STA representatives disclosed Aug. 3, 2022, that the organization that pioneered U.S. smart card adoption continues to expand affiliate networks while sharing knowledge and information with payments industry stakeholders.

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Study promotes inclusive faster payment strategies

Tuesday, August 2, 2022

A white paper titled Faster Payments and Financial Inclusion, published July 29, 2022, by the U.S. Faster Payments Council, urges payments industry stakeholders to tailor faster payment schemes to the needs of marginalized communities.

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20 years on, MWAA envisions future, honors Kate Gillespie

Monday, August 1, 2022

The year was 2003. The Green Sheet was reporting how "Online sales really clicked in second quarter," when consumers made $10.3 billion in purchases, and the Midwest Acquirers Association held its first-ever conference in Chicago. Fast forward to 2022. Online sales topped $216 billion in the first quarter, and MWAA held its 20th conference, in Chicago, where The Green Sheet Inc.'s Kate Gillespie was honored with the prestigious Industry Achievement Award.

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