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Table of Contents

Lead Story

Congress takes on security, privacy, pot, CFPB

Patti Murphy

News

Industry Update

U.S. inches closer to faster payment systems

Merchants go to court over hidden fees

RDC summit explores next-gen banking, technologies

Amazon bows out of card processing

Las Vegas hosts global, regional payments events

Features

EMV observations at the liability shift

Stephen Kiene
First Annapolis Consulting

DOE moves forward on campus card regulation

Loyalty redefined

Mobile search engine market heats up

Views

Automated risk is its own reward

Dale S. Laszig
DSL Direct LLC

Words that kill (deals)

Adam Hark
MerchantPortfolios.com

Education

Street SmartsSM:
Advice from pros on tradeshows

Jeffrey I. Shavitz
TrafficJamming LLC

What you should know about payment security

Michael Gavin
Cayan

Electronic payments and small business loans

Ty Kiisel
OnDeck Capital Inc.

Company Profile

Comodo Group Inc.

New Products

White-label platform for mPOS providers

payworks
payworks GmbH

Driverless, multitasking, secure scanner

EC9600i series
RDM Corp.

Inspiration

Keys to motivation

Departments

Letter From the Editors

Readers Speak

Boost Your Biz: Avoid financial mistakes and gain

Resource Guide

Datebook

A Bigger Thing

The Green Sheet Online Edition

November 23, 2015  •  Issue 15:11:02

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Trade Association News:
Las Vegas hosts global, regional payments events

Two payments industry conferences were held in Las Vegas during the last week of October 2015. Money20/20 was billed as the largest convention in payments history; the Western States Acquirers Association was a well-attended regional gathering.

Despite obvious differences in size, both shows delivered well-organized, incisive content. Payments analysts who attended both venues noted similarities in presentations and topics of interest such as Europay, MasterCard and Visa (EMV) migration, mobile payments, security and omnichannel commerce.

An abundance of new and emerging companies at these events reflected a convergence of digital immigrants and digital natives across the evolving payments sphere. Money20/20 hosted a hack-a-thon competition, StartUp Pitch and LaunchPad 360, giving entrepreneurs the opportunity to compete and promote their emerging companies. WSAA entered its 12th year with a mix of old and new exhibitors; legacy countertop terminals stood side by side with tablet POS and mobile payment solutions.

20/20 hindsight, highlights

More than 10,000 attendees and 3,000 exhibitors from 75 countries attended Money20/20 Oct. 25 to 28. "Treat your badge like cash," registrants were told. "There will be absolutely no badge reprints allowed." Financial services professionals from mobile, retail, marketing services, data and technology met at what show organizers described as "the intersection of mobile, retail, marketing services, data and technology."

The conference agenda was aimed at distributing content across a diversified audience, highlighting the "disruptive ways in which consumers and businesses manage, spend and borrow money." To this end, each day's presentations were organized into different tracks. Following are predominant themes explored in concurrent sessions throughout the four-day event:

"As always, Money20/20 got us excited and made us feel even more certain that the years to come will be a turning point in the payments sector," said Yitz Mendlowitz, co-founder and Chief Executive Officer of PAAY. "And of course, with the recent shift to EMV, the entire conference confirmed that all the players are more interested than ever in finding innovative solutions for combating online fraud."

WSAA: think global, act regional

The theme of the 12th annual Western States Acquirers Association conference was "Stacking the Deck for Success: Play your hand in the future of payments." The not-for-profit, non-membership organization was established in 2003 with a goal of educating the acquiring community.

The Oct. 28 opening reception, held at the M Resort in Henderson, Nev., immediately after Money20/20, drew a record 800 attendees. An equally high number attended break-out sessions the following day addressing a range of issues, including:

The mobile payments revolution

Derek Francom, Director of In-Store Payments Strategy, Operations and Go-to-Market at PayPal Inc., delivered the final keynote presentation at WSAA. He presented an overview of payments' fast-approaching future. "The payments industry is operating in chaos with old legacy hardware," he said. "It's time to plug into the mobile payments revolution and take advantage of what's to come."

He went on to say that smartphone usage is on the rise, with 220 million consumers in the United States expected to use smartphones by 2018, a trend mostly driven by millennials, who are already using their phones to make in-store payments. "Last year, PayPal processed $1 billion in mobile payment transactions," he said.

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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Spotlight Innovators:

North American Bancard | USAePay | Humboldt Merchant Services | Impact Paysystems | Electronic Merchant Systems