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NewsBriefs

Following are excerpts from news stories recently posted under Breaking Industry New York transit system goes contactless
News on our home page. For links to these and other full news stories, please visit
www.greensheet.com/breakingnews.php?flag=previous_breaking_news. Mass transit customers in New York City have a
new way to pay for riding the subway and bus
systems: contactless credit and debit cards issued
by Chase. Riders can now tap their cards to pay
to enter several subway stations and all buses
ThreatMetrix, TSYS detect increasing mobile fraud serving Staten Island instead of purchasing
and using fare cards. Over time, all New York
Worldwide adoption of mobile technologies is fueling innovative, City subway lines and bus routes will accept
new mobile fraud vectors, according to recent studies by ThreatMetrix contactless card payments, Chase and Visa stated.
and TSYS. The H2 2018 Cybercrime Report, published by ThreatMetrix, Chase Merchant Services is also working with
reported a 107 percent increase in attacks on mobile account logins in the New York Metropolitan Transit Authority on
the second half of 2018. The biannual study was based on 17 billion an upgrade to the fare machine system to support
digital transactions processed on the ThreatMetrix Digital Identity contactless card acceptance.
Network, with 61 percent originating on a mobile device. Bitcoin? There's a Cash App for that

Any authentication better than none, Google, NYU say
Square Inc. rocked the cryptocurrency world by
A research paper by Google and New York University, titled Evaluating adding bitcoin to its Cash App. in August 2018.
Login Challenges as a Defense Against Account Takeover, found that two- Less than a year later, the company's first-quarter
factor authentication can prevent bad actors from confiscating log-in 2019 earnings confirmed rumors that Square is
credentials. This supports prior studies with comparable findings, helping bitcoin scale. The company sold $65.5
but the research goes further by adding new metrics to the mix. "Our million worth of bitcoin in the first quarter of
analysis reveals that even weak, knowledge-based challenges can 2019, according to unaudited financials. Analysts
offer hijacking protections against automation to billions of users speculate this equates to roughly 10 percent of all
without requiring any enrollment," researchers wrote. bitcoin.
Global, TSYS join elite group
of jumbo acquirers
Global Payments Inc. and TSYS disclosed
that their companies entered into a definitive
866.272.5247 | emsagent.com agreement and "all-stock merger of equals."
As reports of the merger rippled across social
media and news outlets, payments analysts
stated they expect the combined company to be
a formidable competitor to recently consolidated
brands Fiserv/First Data and FIS/Worldpay.
"Today marks a major milestone for TSYS, as we
have entered into a merger of equals with Global
Payments to create a premier global payments
technology company at scale in the largest and
most attractive markets worldwide," a TSYS
spokeswoman stated.
Some CBD businesses
getting a Square deal

The outlook looks promising for businesses that
want to accept credit and debit cards for legal
sales of cannabis products. Legislative initiatives
in Washington and at least one state capitol would
make it easier for businesses selling cannabis
products to open bank accounts. Meanwhile,
Square confirmed it is running a beta program to
866.272.5247 support payment processing for select merchants
selling cannabidiol, commonly known as CBD.
CBD has gained notoriety in recent years for its
health benefits, such as relief from pain, anxiety,
and the effects of epilepsy and post-traumatic
stress disorder.

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