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Breaking News articles for September 2019

Fintechs, FIs top ACI, Ovum innovation study

Friday, September 13, 2019

The Culture of Innovation index, published Sept. 10, 2019 by ACI Worldwide and Ovum, maps approaches to innovation by different business sectors, including fintechs, merchants, corporates and financial institutions. Fintechs and retail banks that leverage real-time payments and transformative technologies scored highest in the study, researchers found. “We wanted to understand what drives our audience of fintechs, merchants and corporates on the innovation front and what inputs and outputs put them ahead of the curve, from organic alignment of embracing technology to digitally-led businesses that foster innovation,” said Michael Grillo, vice president, merchant segment and solution marketing at ACI Worldwide.

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Virtual community empowers, connects payment pros

Tuesday, September 10, 2019

Payments veteran Marc Beauchamp, author of How to Survive and Thrive in the Merchant Services Industry and creator of Bankcard Bootcamp, recently launched Bankcard Life. Designed to empower and connect payments professionals, the new website and online community provides a platform for like-minded individuals to share experiences, challenges and best practices, Beauchamp stated. “This business is not easy,” he said. “It takes perseverance, commitment and hard work to build something of significance. I am sharing what I’ve learned over the last 25 years to help members avoid some of the mistakes I made along the way.”

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Security flaws expose data on 419 million Facebook users

Friday, September 6, 2019

An unprotected directory containing approximately 419 million Facebook user IDs and phone numbers has roiled the security community. TechCrunch reporter Zach Whittaker broke the news Sept. 4, 2019, in a post titled, “A huge database of Facebook users found online.” Whittaker and other security analysts criticize Facebook for unwittingly exposing user credentials to hackers. “The exposed server contained more than 419 million records over several databases on users across geographies, including 133 million records on U.S.-based Facebook users, 18 million records of users in the U.K., and another with more than 50 million records on users in Vietnam,” Whittaker wrote. “But because the server wasn’t protected with a password, anyone could find and access the database.”

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MPC 2019 put spotlight on end user, global themes

Tuesday, September 3, 2019

The thirteenth annual Mobile Payments Conference, held Aug. 26 to 28, 2019 at Chicago’s Swissotel, showcased mobile technologies’ evolution and growth. Industry leaders and subject-matter experts discussed security, technology, communications and the global app marketplace. The event provided a diversity of presentations, resources and networking opportunities. “This year, the Mobile Payments Conference sharply focused on the future and brought a range of experts to speak on very timely topics for both strategists and payments veterans,” said Katherine McClure, partner, business development at PPRO. “Of particular interest to me were the themes of customer experience and international payments. Both of these topics are very important to the industry and to me in my role at PPRO.”

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