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NewsBriefs
Following are excerpts from news stories recently posted under Breaking initiatives and emerging technologies. Keynote speakers
Industry News on our home page. For links to these and other full and panelists examined integrated payments from
news stories, please visit www.greensheet.com/breakingnews. multiple perspectives.
php?flag=previous_breaking_news.
Lawmakers press Fed on faster payments
The Federal Reserve has been a staunch advocate of faster
payments, having convened an inter-industry task force
in 2015 to devise a road map for a faster payments system
with real-time settlement capabilities. The Fed indicated it
doesn't necessarily want to be in charge of running a new
faster payments system, however.
Now, there's a push in Washington for the Fed to take
charge, with some positioning the move as beneficial to
consumers and small businesses. A group of lawmakers
introduced legislation in both the House and the Senate
Trustwave identifies, remediates that would instruct the Fed to build and operate a real-
Uniguest kiosk vulnerability time payment system. The Payment Modernization Act of
2019 was authored by Sens. Chris Van Hollen, D-Md., and
Trustwave, a managed security service provider, disclosed Elizabeth Warren, D-Mass., and Reps. Ayanna Pressley,
that it completed a six-month remediation process with D-Mass., and Jesus "Chuy" Garcia, D-Ill.
Uniguest following the discovery of a software flaw in
one of Uniguest's older kiosks. Capital One, Sephora fall victim to data breaches
Originally identified by Adrian Pruteanu, senior security As the recent data breaches of Capital One and Sephora
researcher at Trustwave SpiderLabs, during routine make clear, global enterprises make compelling targets for
penetration testing, the vulnerability had the potential today's increasingly stealthy and nimble cybercriminals.
to expose guest information and log-in credentials to News media outlets have been playfully attacking the
hackers, if left untreated. Uniguest deploys self-attended companies' taglines, reframing Capital One's "what's
solutions in hotel lobbies across North America. The in your wallet?" (a hacker!) and Sephora's "let's beauty
machines are centrally managed and run a locked-down together," (You first!).
version of Windows that restricts users to basic tasks.
Colin Bastable, CEO at Lucy Security, pointed out that data
Facebook to pay hefty price for lax privacy controls breach victims will need additional protections beyond
the usual 12-month credit monitoring that compromised
The Federal Trade Commission slapped social media companies provide. "The Dark Web probably knows
giant Facebook with a huge fine as part of a long-running more about most people in North America than their
investigation into the company’s privacy practices. governments will publicly admit to," he said. "Employers
According to reports in several media outlets, including need to protect themselves by ensuring that their
the Wall Street Journal and The New York Times, the FTC employees are security aware."
voted to approve a $5 billion settlement of claims arising
from the so-called Cambridge Analytica scandal.
Also find us on FaceBook,
The settlement, which would be the largest ever involving LinkedIn & Twitter for the
the FTC, still must be approved by the Department of
Justice. The FTC declined to respond to The Green Sheet’s most up-to-date stories,
request for confirmation. But Facebook made clear in an can’t miss events and newest
earnings report earlier this year that it expected the FTC’s industry announcements.
investigation would result in a $3 billion to $5 billion hit.
MWAA 2019 explores changing payments ecosystem
More than 700 payments industry attendees convened
July 16 to 18, 2019, at Chicago’s Renaissance Schaumburg
Convention Center Hotel for the 17th anniversary of the
Midwest Acquirers Association Conference. A festive https://www.facebook.com/TheGreenSheetInc
opening night party filled with games and cotton candy https://www.linkedin.com/company/the-green-sheet
reflected a buoyant industry that continually adapts https://twitter.com/The_Green_Sheet
to changing trends in consumer behavior, regulatory
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