According to James Shepherd, founder and CEO of ISOamp, and Eric Jenks, national sales manager at PayTrace, plenty of savings can be had from analyzing merchant statements with an eye toward optimizing interchange qualifications. And PayTrace, a processor with a focus on interchange optimization, recently partnered with ISOamp, the merchant sales technology arm of CCSalesPro, to debut a new interchange optimization tool.
Leading fintechs attended the recent Identiq Member Summit, an online event aimed at exploring new approaches to identity validation, security and user experience in digital transactions. Attendees included representatives from Blackhawk Network, Eventbrite, Gett, Green Man Gaming, Intuit, PayU, Plastiq, Udemy and Via. Identiq, a peer-to-peer identification network, was honored by Gartner as a Cool Vendor in the Privacy category, an achievement that Identique founder and CEO Itay Levy called extraordinary.
Several weeks after the Electronic Transactions Association cancelled its 2020 annual TRANSACT conference and expo, the organization determined that the show would go on, albeit in a virtual setting. In opening remarks, Jodie Kelley kicked off the week-long event by thanking attendees, exhibitors and sponsors for their support, as well as event organizers for their hard work in shifting the to an online venue so swiftly.
TRANSACT Connect turned out to be a richly layered virtual experience, accessible online and in a mobile app, with keynote presentations, panel discussions, networking opportunities and a virtual exhibit hall.
Gas station operators with automated fuel dispensers gained more time to make those dispensers EMV compliant. Their deadline for EMV compliance is now April 2021. Visa, Discover and American Express all recently extended their deadlines; Mastercard is expected to soon follow. Most card-accepting businesses were required to be EMV compliant by 2015.
Gas stations were given an additional two years to bring their automated fuel dispensers into compliance because of the cost and technological complexities associated with retrofitting or replacing pumps.
The National ATM Council Inc. took action to support the retail ATM industry during the coronavirus pandemic. In addition to helping secure essential worker status for independent ATM deployers and service providers, the not-for-profit trade association is working with private and government sectors to provide consumers and business owners with fundamental services and safe access to cash.
"To think that only 2 to 3 months ago our biggest concern was upgrading machines," NAC chair George Sarqntopoulos. "Now we need to figure out as an industry how we move ahead in a 'new normal,' for our collective wellbeing."
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