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Table of Contents

Lead Story

2018 - Year in review

Patti Murphy

News

Industry Update

News Briefs

Views

Faster payments: What's slowing us down?

Dale S. Laszig
DSL Direct LLC

Jack Henry-ProfitStars 2018 conference: Learning from community banks

Brandes Elitch
CrossCheck Inc.

Education

Street SmartsSM:
When it's time to say goodbye

Steve Norell
US Merchant Services Inc.

Data breach allocation of liability

Adam Atlas
Attorney at Law

Company Profile

CanPay

New Products

All-in-one POS, business management solution

E500 Storefront ECR
Sound Payments Inc.

Inspiration

Blending old and new

Departments

Letter from the editors

Readers Speak

Resource Guide

Datebook

A Bigger Thing

The Green Sheet Online Edition

December 24, 2018  •  Issue 18:12:02

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News Briefs

Editor's Note: Following are excerpts from news stories recently posted under Breaking Industry 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.

Electronic payments growth continues at healthy clip

Electronic payments volume was up 3.8 percent, worldwide, during the third quarter 2018 compared to the same period last year. The increase was almost four times the growth in average tickets during the same period, according to the latest SpendTrend report from First Data Corp.

Fed's Faster Payments Council to focus on real-world implementation

The recently formed U.S. Faster Payments Council is the Federal Reserve Bank's latest bid to improve speed, security, efficiency, cross-border compatibility and collaboration in payments. Developed by the Fed's Governance Framework Formation Team (GFFT), the FPC is open to all payments industry stakeholders, who are invited to serve on committees and work groups and have a voice in the direction of the project, FPC members stated.

Experts back multifactor authentication to stem stealth attacks

The 2018 holiday season has been marked by increasingly stealthy and sophisticated attacks against consumers, merchants and financial institutions, security analysts noted. Bimal Gandhi, CEO at Uniken, cited the Marriott Starwood data security breach that recently came to light as the latest example of compromised data being resold and exploited at scale.

Fed torpedoes move to fully electronic checks

The Federal Reserve Board torpedoed industry efforts to make checks a fully electronic payment option. Regulatory changes disclosed earlier this month make it clear that financial institutions cannot clear electronically created items through the Reserve Bank System. While most checks start out as paper items, the majority today clear between banks and credit unions as electronic images.

PCI SSC updates guidance for phone-based payments

Spearheaded by a PCI SSC Special Interest Group of call center and technology experts, Protecting Telephone-based Payment Card Data outlines best practices for mitigating fraud by removing sensitive data from scope. Ben Rafferty, global solutions director at Semafone, said the council last issued call center guidance in 2011, and the landscape has evolved significantly in recent years.

Walmart accepting cash for in-store online ordering

Walmart introduced Order and Pay, a new in-store ordering option that enables shoppers in physical store locations to order and pay for items that aren't available in the store. Consumers work with Walmart associates on the floor to process online orders from Walmart's Dotcom store and then pay for the items at the physical POS, along with other items selected from the shelves (if any).

Fraud, ID theft on sale this holiday season

The Dark Web is having a clearance sale on personally identifiable information, offering criminals a names, addresses, dates of birth and Social Security numbers at prices as low as $2 per record. Bryan Lewis, president and CEO at Intellicheck, said much of the stolen data was vetted for accuracy during a lengthy incubation period.

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 | Impact Paysystems | Board Studios