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The Green Sheet Online Edition

January 28, 2019 • Issue 19:01:02

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.

Overcoming obstacles to mobile payments

For mobile payments to succeed, merchants and payment companies need to concentrate on incentives. That's a key takeaway from a report by market research firm Ipsos. Separately, a study prepared by Pymnts.com and Bank of America Merchant Services points to a disconnect between QSR operators and their customers when it comes to mobile payments.

Investigators, analysts criticize Marriott's handling of data breach

Forensic analysts disclosed that while the number of hotel records compromised in the Marriott Starwood security breach was close to 383 million, not the 500 million initially reported, 5 million unencrypted passport records may also have been exposed during the breach. Security analysts criticized the hotel's handling of the incident, which reportedly was 2018's largest known data compromise.

CNP fraud a clear and present danger, Juniper warns

U.K.-based Juniper Research projects $130 billion in card-not-present fraud over the next five years, largely driven by seasonal opportunism and emerging mobile and real-time payments schemes. Mass migration to new payment methods without advanced authentication and risk management protections will lead to catastrophic outcomes, researchers noted.

Hemp off controlled substances list, CBD market heating up

Paybotic is now boarding merchants selling CBD products online and in card-present environments. CBD, a non-psychoactive compound found in cannabis plants, has been hailed for its health benefits. CBD can come in various forms, including tinctures, lotions, infused drinks and candies, and vape pens. Most CBD products are derived from hemp plants.

Surcharging gains momentum with NY agreement

Surcharging and cash discount programs have been in the news in the wake of Visa's October 2018 bulletin clarifying that most popular cash discount programs were not compliant with Visa's rules. Now, because of an agreement reached by parties to the Expressions Hair Design v. Schneiderman case, proponents of surcharging took a step toward dispensing with restrictions prohibiting the practice.

Expect intelligent, automated cyberattacks in 2019, experts warn

The Starwood Marriott security breach, which compromised 383 million guest records, represents a new wave of organized attacks against enterprise infrastructures, security analysts have stated. In previous interviews with The Green Sheet, experts said advanced forms of authentication, data devaluation and multilayered security can protect companies and individuals against ever-present threats.

Mastercard drops name from brand mark

How much weight does a brand name carry? Apparently not much ‒ as evidenced by Mastercard's new, nameless logo design. In unveiling its new logo, Mastercard stated the interlocking red and yellow circles are more emblematic of the brand than its name. end of article

The Green Sheet Inc. is now a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals. Click here for more information.

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

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