ETA to host three events in Chicago
#dcf_Three events in three days are promised by the Electronic Transactions Association Oct. 25, 26 and 27, 2011, at the Palmer House Hilton in Chicago. The ETA is hosting its first Mobile Commerce Summit Oct. 25. It is also sponsoring its annual Strategic Leadership Forum from Oct. 25 to Oct. 27 and offering a Compliance Day Oct. 27.
The ETA stated the Mobile Commerce Summit is an educational opportunity covering the overall direction of the mobile commerce industry, looking at competition in the mobile marketplace, and identifying threats and opportunities in the mobile commerce environment. The Strategic Leadership Forum is targeted to senior-level payments industry executives. It provides attendees an opportunity to meet with peers and discuss the industry's trends, technologies and pressing issues.
Compliance Day offers a chance to hear major card brand representatives discuss complex compliance issues. A special forum will focus on the obligations and liabilities of banks, processors, ISOs and agents in areas such as sponsor and ISO registration, due diligence, merchant agreements, risk monitoring and Payment Card Industry Data Security Standard compliance. To register go to: www.electran.org/slf11/?page_id=3546.
SCA security comments
#dcf_The Smart Card Alliance submitted comments on the National Strategy for Trusted Identities in Cyberspace (NSTIC) to the National Institute of Standards and Technology in August 2011. The 170-member organization submitted remarks on governance, inclusion and participation, fairness and funding. The SCA's Identity Council, a group made up of smart card manufacturers, systems integrators and end users, focused its remarks on identity management and secure identity authentication - both strong suits for the industry. The SCA recommended:
For more information, visit www.smartcardalliance.org.
NAAIO and ASCP form new trade association
#dcf_The National Association of ATM ISOs and Operators is combining with the Alliance of Specialized Communications Providers to form the National ATM Council, a 501(c)(6) nonprofit trade association that will represent a majority of the independently owned ATMs in the United States. Independents account for approximately half the ATMs in use in the United States. Curt Selman of Selman Telecommunications Investment Group LLC was named the first NAC Chairman. Bruce Renard, a telecommunications and technology attorney, was appointed Executive Director and will oversee NAC's day-to-day operations.
"Formation of NAC is a significant event in the history and evolution of the dynamic ATM industry," Selman said. "As independent owners of ATMs in the United States face challenging times, our industry requires an organization focused on promoting the interests of the nation's independent ATM owners and ensuring the continued widespread availability of independent ATM locations for the convenience of the American consumer." NAC Vice Chairman Jim Cabe of Cabe & Cato Inc. said, "NAC will work to improve our members' services by pursuing the most advanced and efficient technologies, fostering awareness of and compliance with applicable regulations, and promoting industry 'best practices.'"
NAMAA gains five new members
#dcf_Five companies joined the North American Merchant Advance Association, bringing the total number of members to 16. Joining the NAMAA are Genesis Capital LLC, Merchant Advance Funding, Merchant Capital Source LLC, Strategic Funding Source Inc. and Swift Capital Corp. NAMAA services include a database of more than 10,000 merchants who have defaulted on merchant cash advance providers. It also has a system for checking to see if a merchant is already being funded by a merchant cash advance provider. President David Golden said the NAMAA represents over 95 percent of the significant merchant cash advance providers in the marketplace, making us the only 'true, unbiased voice' for the merchant cash advance industry," NAMAA President David Goldin said.
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