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Breaking News articles for October 2020

SBA unveils simplified PPP forgiveness process

Friday, October 30, 2020

If yours is one of the millions small businesses that received a Paycheck Protection Program loan for $50,000, or less, you're in luck, because the Small Business Administration has simplified the forgiveness process for your loan.

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IoT device + digital wallet, OV Valet taps legacy POS

Wednesday, October 28, 2020

OV Loop, a technology company focused on communications and commerce, added OV Valet to its growing family of messaging and commerce solutions. Designed to drive frictionless, touchless checkouts across mobile, in-store and in-app channels, the solution is being promoted on Indiegogo, noted Will Graylin, chairman, CEO and founder of OV Loop.

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FreedomPay, The Green Sheet to host virtual roundtable

Monday, October 26, 2020

The Green Sheet and FreedomPay will host a free, 90-minute virtual roundtable discussion with payments industry leaders on Oct. 29, 2020. The pre-recorded discussion, followed by 30 minutes of live Q & A, will explore how payment technologies are moving our economy forward and enabling America’s digital growth.

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Paysafe surveys SMB digital commerce

Friday, October 23, 2020

New research from Paysafe revealed that 39 percent of small and midsize business (SMB) owners have increased sales revenue during the COVID-19 pandemic. Lost in Transaction: How COVID has reshaped the SMB checkout, published Oct. 21, 2020, is based on a survey of U.S. and Canadian business owners across numerous card-present sectors, including retail, hospitality, healthcare and salon services, according to Afshin Yazdian, CEO of U.S. acquiring at Paysafe.

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UK retailers blast Visa, Mastercard over interchange

Wednesday, October 21, 2020

Retailers in the United Kingdom are calling for government intervention to curb rising interchange. Five trade associations representing businesses there have called for “decisive action” by the UK’s Competition and Markets Authority to curb rising interchange.

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PCI DSS 4.0 blueprint draws record commentary

Tuesday, October 20, 2020

More than 1,800 participants convened virtually for the PCI Security Standards Council’s North America Community Meeting, held Oct. 6 to 9, 2020. Moderated by BBC America anchor Katty Kay, the conference covered development of Payment Card Industry Data Security Standard (PCI DSS) v4.0, security challenges stemming from COVID-19 and emerging threats to software security and payment card data.

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Deluxe builds fintech hub in Atlanta

Friday, October 16, 2020

In a Sept. 9, 2020, meeting with Georgia Governor Brian P. Kemp, Deluxe executives disclosed plans to open two fintech centers in Sandy Springs in 2021. The FinTech Innovation Center and Customer Experience Center will bring a diverse cohort of payments and financial technology stakeholders to Atlanta's Transaction Alley, stated Barry C. McCarthy, Deluxe president and CEO.

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Industry veteran Jeff Fortney joins Signature Payments

Tuesday, October 13, 2020

Burbank, Calif.-based ISO Signature Payments disclosed Oct. 13, 2020, that it has appointed payments industry veteran Jeff Fortney as vice president of partner relations. Fortney, a respected payments professional, will lead ISO and agent recruitment efforts while growing and supporting the company’s expanding ISO and agent partner network, according to Charles Hogan, president at Signature Payments.

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Parking industry leader launches mobile app

Friday, October 9, 2020

Jerry Skillett, executive chairman of SPACES USA and former CEO of Citizens Parking, launched the SPACES USA mobile app, which is designed to create a seamless, frictionless parking experience.

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Green Sheet interviews FuturePay's Tim Harris

Thursday, October 8, 2020

Tim Harris is CEO of FuturePay, which provides digital revolving credit solutions to ecommerce merchants. With FuturePay, merchants can offer consumers a "buy now, pay later" alternative to traditional credit card payments. In this interview, he discusses FuturePay's genesis, how digital revolving credit differs from traditional types of credit, what types of merchants are likely to benefit from this option, and more.

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Consumer spending up, uncertainty lingers

Wednesday, October 7, 2020

Consumer payment preferences have shifted and spending has picked up in recent months, following dramatic declines brought on by the COVID-19 pandemic. However, potential bumps ahead could dampen consumers' ability to spend.

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Capgemini, Verizon identify COVID-related risks

Tuesday, October 6, 2020

Capgemini's World Payments Report 2020 and Verizon's 2020 Payment Security Report, both released Oct. 6, 2020, link mobile, digital and virtual payments adoption to a range of emerging security threats.

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NFC Forum awards best-in-class innovators

Friday, October 2, 2020

The NFC Forum's third annual NFC Innovation Awards took place entirely online. The 2020 Online Innovation Awards ceremony, held Sept. 30, 2020, recognized innovative Near Field Communication (NFC) use cases in blockchain, IoT and mobile sectors. This year's award winners demonstrated exemplary development and deployment of NFC products, services and applications, stated Koichi Tagawa, NFC Forum chair.

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