Bluefin received a U.S. patent for its virtual fingerprinting decryption method. The solution authenticates encrypted devices based on unique attributes, or "fingerprints." U.S. Patent No. 10,382,405 for Managing Payload Decryption Via Fingerprints expands on a 2018 patent issued for Bluefin's proprietary fingerprinting and point-to-point encryption. To date, the company has received 17 U.S., Japanese and European patents.
Inc. magazine published its list of the 5,000 fastest growing privately held companies in America, and it includes at least 15 merchant services ISOs. Each year, the Inc. 5000 names a crop of honorees based on three-year cumulative growth rates. Inc. Editor in Chief James Ledbetter said what the listed companies have in common is "persistence and seizing opportunities."
Dimitri Akhrin, founder of Bank Associates Merchant Services and IRIS CRM, was featured in The American Dream, a Bloomberg Television series. Hosted by Eric Roberts, the segment aired Aug. 17, 2019, and can be viewed on the IRIS CRM website. "The American Dream is a show that inspires its audience by telling the story of humble beginnings and delving into each entrepreneur's journey," Roberts stated. "These ambitious individuals made their vision a reality and give hope that the dream is still possible."
Frontline Processing Corp. launched the CBD Merchant Account Pilot Program, designed to support merchants in the rapidly growing U.S. cannabinoids sector. The market is on track reach $20 billion by 2020, providing the card processing industry with abundant opportunities, Frontline representatives stated. The company has been active in the space, joining trade groups and meeting with government officials.
The American Civil Liberties Union is taking a stand against cashless stores. The move could prove to be a boon to ISOs and MLSs selling cash discounting and credit card surcharging. Why would the ACLU take on card payments? Reasons offered by Jay Stanley, senior policy analyst for the ACLU Speech, Privacy and Technology Project, include security and privacy concerns associated with card and other electronic payment methods, as well merchant acceptance costs.
Mastercard recently reported a data breach involving cardholders who participated in its "priceless specials" loyalty program. Mastercard informed data protection agencies in Germany and Belgium that it discovered on Aug. 19 and again on Aug. 21, 2019, that data on German cardholders participating in the priceless program had made its way onto the Internet "for a certain period of time." Mastercard stated it promptly removed the data and informed those affected by the breach.
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