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The Green Sheet Online Edition

February 25, 2019 ā€¢ Issue 19:02:02

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.

Visa, NFL team up for payments at Super Bowl LIII

The Los Angeles Rams will face the New England Patriots for Super Bowl LIII, which is coming up Sun., Feb. 3, 2019, at the Mercedes-Benz Stadium in Atlanta. And Visa, a partner of the National Football League since 1995, just renewed its agreement with the NFL to serve as the leagueā€™s Official Payment Services Technology Partner through the 2025 season. The deal includes new benefits for Visa cardholders at NFL events and plans to collaborate on the first cashless Super Bowl in the future.

NAC kicks off year-long celebration as U.S. ATMs turn 50

U.S. ATMs will turn 50 on Sept. 2, 2019, and the National ATM Council will host a series of events leading up to the historic occasion. The not-for-profit trade association, established in 2011 on behalf of independent ATM deployers, designated 2019 as The Year of the ATM in America. The year-long celebration will combine festivities with education.

Researchers note strength in real-time rewards programs

A study published by Blackhawk Network found growth in real-time loyalty programs is largely driven by younger consumers. The report, A Heart-to-Heart About Increasing Loyalty, was based on a survey of 1,500 loyalty program participants across numerous verticals, including retail, airline, hotel, food and beverage, online retail, bank, gym, telecom, and utility sectors. Researchers found a majority of respondents redeem small rewards frequently, cashing out before rewards reach the $100 mark.

New study spotlights rampant data abuse

The alarming acceptance of security breaches and data abuse as inevitable is the focus of the Identity Theft Resource Center's 2018 End-of-Year Data Breach Report. Published in January 2019 and sponsored by CyberScout, the report aggregates public data breach records to identify emerging threat patterns. In addition to garden variety data breaches, researchers found widespread data abuse involving users opting in to data mining entities.

Tide may be turning for contactless payments

Visa has been promoting contactless payments for more than 20 years. Early tests of contactless payments occurred in sports stadiums and relied on payment fobs that employed NFC to support tap-and-go payments. A notable number of merchants are now positioned to accept contactless payments. A survey of small and mid-sized businesses last year by Paysafe found 37 percent have technology in place to accept contactless payments.

CFPB keeps name, aims to tamp down protections

Consumer advocacy groups are criticizing plans by the Consumer Financial Protection Bureau to tone down Obama-era protections against predatory lending practices. The mandated protections, which became law in 2017 as part of the 2010 Dodd-Frank Act, required lenders to confirm borrowers' ability to repay loan products. An additional provision called for a cooling off period before "re-upping" serial borrowers with three back-to-back short-term loans. 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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