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NewsBriefs

are key findings of the 2019 AFP Payments Fraud and
Control Survey, which elicited responses from more than
600 corporate finance professionals about 2018 payments
fraud experiences.
John Beebe to serve on Hawaii State Council

The Hawaii Senate confirmed John Beebe's appointment to
a three-year term on Hawaii's Council on Developmental
Disabilities. The Committee on Commerce, Consumer
Protection and Health recognized Beebe's public service,
business expertise and personal commitment to helping
families with developmentally challenged children. In
Following are excerpts from news stories recently posted under a letter of recommendation, supporters cited Beebe's
Breaking Industry News on our home page. For links to these and current role as president and CEO at Celestial Payments
other full news stories, please visit www.greensheet.com/breakingnews. and prior service as commander in the U.S. Coast Guard,
php?flag=previous_breaking_news. and emphasized life experiences that "have enabled him
to create real world solutions that bridge the public and
TSG directory highlights top-rated U.S. acquirers private sectors and given him diplomatic and relationship

The Strawhecker Group released the newest edition of the building skills."
Directory of U.S. Merchant Acquirers to a receptive audience. Security concerns could thwart IoT payments growth
The comprehensive guide lists the top 300 merchant
acquirers in the United States in a searchable format. A new report from Transaction Network Services Inc.
Selected companies are ranked by processing volumes reveals a notable number of consumers own Internet of
and merchant portfolios, the company stated. Jared Things-connected devices; many have or are interested in
Drieling, senior director of business intelligence at TSG, using those devices for payments. But security concerns
said, "In terms of comprehensiveness and depth, there is run deep: nearly three of four consumers in the United
not another source for this type of data in our space. We States, United Kingdom and Australia admitted security
have a lot of clients that eagerly await these results." concerns impede adoption. Bill Versen, chief product
officer at TNS, said companies "need to implement strong
U.S. firms pummeled by ACH, other payments fraud security protocols and communicate these measures to
U.S. companies are getting hammered by payments consumers to mitigate their concerns."
fraud. And scams involving automated clearing house Deadline constraints cause
(ACH) payments are increasing faster than most other JCPenney's halt of NFC, Apple Pay
fraud. Fraud involving checks, wire transfers and credit
and debit cards, although still being perpetrated against JCPenney's recently decided to stop supporting Apple
companies, is declining. And while all fraud attempts don't Pay and other forms of near field communications
result in financial losses, 43 percent of U.S. businesses did (NFC) payments. In a statement to TechCrunch, the
take financial hits due to payments fraud in 2018. These company said, "A third-party credit card brand made the
requirement for all merchants to actively support EMV
contactless functionality effective April 13, retiring the
Also find us on FaceBook, legacy MSD [magnetic stripe data] contactless technology
LinkedIn & Twitter for the in place. Given the resources and lead time associated with
meeting the new mandate, JCPenney chose to suspend all
most up to date stories, contactless payment options until a later date."
can’t miss events and newest ETA's Amy Zirkle leads with
industry announcements. confidence, industrywide support

In advance of the Electronic Transactions Association's
Transact 19, support poured in for the organization's
interim CEO, Amy Zirkle. She took over the reins of the
payments industry trade association in February 2019,
following the departure of Jason Oxman, who had served
as ETA CEO for seven years. Kevin Jones, president of the
https://www.facebook.com/TheGreenSheetInc ETA's board of directors and CEO at Celero Commerce,
https://www.linkedin.com/company/the-green-sheet called Zirkle "an acknowledged thought leader with
robust experience in business and government relations
https://twitter.com/The_Green_Sheet
issues."

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