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The Green Sheet Online Edition

November 25, 2019 • Issue 19:11:02

Letter from the editors

Data security professionals focused on the payments and fintech industries work tirelessly to combat the ongoing onslaught of fraud perpetrated by sophisticated criminal enterprises operating throughout the globe. One organization working to bring these experts together to secure transactions and the infrastructure that supports them is the PCI Security Standards Council. The council is known for its promulgation and management of the Payment Card Industry security standards. This issue's lead article discusses the Payment Card Industry Data Security Standard Version 4, as well as several other initiatives devised to increase interaction, member engagement and innovation in our realm.

Our contributing writers regularly address transaction security, as well. In this issue, one expert discusses the growing problem of cart-not-present fraud, which could break $6 billion in 2019, and how ISOs and MLSs can help protect their merchants. Other topics explored include how to avoid errors in the merchant-application stage to avoid delays during underwriting; why solutions designed for broad business segments are not ideal for specialized merchants' needs; legislation passed by the House of Representatives that could pave the way toward a safe harbor for banks that want to serve cannabis businesses; and the many aspects of the payments industry worth appreciating at Thanksgiving and throughout the year.

In the news, we've reported on the recent Money20/20 conference held in Las Vegas at the end of October, which focused on the future of money. The article shares perspectives of a number of executives who spoke about the topics and issues of concern as payments and fintech executives help shape commerce going forward. We also reported on a conference produced by Monitor, a trade publication and resource for equipment finance professionals; the new collaboration between the Women's Network in Electronic Transactions and the European Women Payments Network through which they will mutually support efforts to create better opportunities for women and the men who advocate for them in the fintech and payments industries; and Kabbage, the online lender that has been building a business in small-business financing and now wants a slice of the payment processing pie, particularly business-to-business transactions.

In addition to company an new product profiles, we've included our customary updates on recent executive appointments, partnerships and acquisitions, relevant research, emerging technologies and solutions, and other individual and company milestones in payments. Please help us share your news by sending press releases to press@greensheet.com, and remember to send feedback to greensheet@greensheet.com. 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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