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This article contains excerpts from news stories recently posted under Breaking bring together not only our experts, but custom-
Industry News on our homepage. For links to these and other full news stories, ers, partners, entrepreneurs and university stu-
please visit www.greensheet.com/breakingnews.php. dents to ideate and create breakthroughs for our
customers in the digital economy," he stated.
PCI DSS 4.0 blueprint
draws record commentary
More than 1,800 participants convened virtually
for the PCI Security Standards Council's recent
North America Community Meeting. Moderated
Deluxe builds fintech hub in Atlanta by BBC America anchor Katherine "Katty" Kay,
the conference covered development of Payment
In a meeting with Georgia Governor Brian P. Kemp, Deluxe execu- Card Industry Data Security Standard (PCI DSS)
tives disclosed plans to open two fintech centers in Sandy Springs v4.0, security challenges stemming from COV-
in 2021. The FinTech Innovation Center and Customer Experience ID-19, and emerging threats to software security
Center will bring a diverse cohort of payments and financial tech- and payment card data. PCI SSC executive direc-
nology stakeholders to Atlanta's Transaction Alley, stated Barry C. tor Lance Johnson noted that recent challenges
McCarthy, Deluxe president and CEO. deepened the council's resolve to support the in-
dustry.
Noting that Deluxe has invested more than $12.6 million in the
172,000 square foot facility, McCarthy said he plans a grand open- UK retailers blast Visa, Mastercard
ing with public tours of both centers in the spring of 2021. "Our over interchange
centers will be true, collaborative, interactive spaces where we will
Retailers in the United Kingdom are calling for
government intervention to curb rising inter-
change. Five trade associations representing
businesses there have called for "decisive action"
by the UK's Competition and Markets Author-
ity to curb rising interchange. The move comes
Payment Solutions as the UK government wraps up the first stage
of a payments landscape review. Regulators have
been soliciting comments on challenges, oppor-
For App Developers tunities and risks posed by current trends in pay-
ments and payment networks. It also follows a
June 2020 decision by the UK Supreme Court up-
holding a lower court ruling that Visa and Mas-
eProcessing Network provides tercard interchange fees restrict competition. The
payment solutions that intergrate ruling means card-accepting merchants could be
directly into web pages, shopping due tens of billions of dollars in refunds on inter-
carts, third-party software, change assessments dating back to 2013.
and mobile apps for both iOS Paysafe surveys SMB digital commerce
and Android. New research from Paysafe revealed that 39 per-
cent of small and midsize business (SMB) own-
ePN’s FREE Developer ers have increased sales revenue during the CO-
Support Center provides VID-19 pandemic. Lost in Transaction: How COVID
online documentation, has reshaped the SMB checkout is based on a sur-
sample code, and support vey of U.S. and Canadian business owners across
for registered developers. numerous card-present sectors, including retail,
hospitality, healthcare and salon services, accord-
ing to Afshin Yazdian, CEO of U.S. acquiring at
ePN has payment options to fit all of Paysafe. Noting the pandemic's impact on North
your merchant’s needs American merchants, Yazdian emphasized the
need for diverse, secure, and frictionless payment
(800) 296-4810 solutions. "Our research shows that having an
eProcessingNetwork.com online checkout, as well as diverse payments in-
frastructure, is crucial to allowing in-store SMBs
to thrive amidst the pandemic and actually grow
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in this unprecedented environment," he said.
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