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The Green Sheet Online Edition

August 10, 2020 • Issue 20:08:01

News Briefs

Twitter jolted by massive attack, mentions of Bitcoin soar <- click to read full story

Fraudsters hacked into a large swath of prominent U.S. Twitter users' accounts on July 15, 2020, posting scam fundraising requests or other traps involving Bitcoin. Posts appeared for a few minutes and then disappeared and, in some cases, were replaced by other fraudulent posts in rapid succession. Major interruptions to service occurred while Twitter addressed the issue. Several media organizations reported this could be the worst hack thus far of a major social media platform. The text of the Tweets varied, but the objective to dupe people into lining criminals' Bitcoin wallets was the same.

Support for cash growing in Congress <- click to read full story

The Payment Choice Act of 2019, which was introduced in the House on May 5, 2019, is gaining bipartisan support in Congress, most recently with companion bill S-4145, introduced July 1, 2020, by U.S. Senators Kevin Cramer, R-N.D., and Bob Menendez, D-N.J. Designed to protect U.S. currency as a viable payments option, the bills prohibit merchants from enacting cashless policies, posting anti-cash signage and surcharging cash transactions.

"This measure will help avoid discrimination against our most vulnerable citizens who are unbanked/underbanked and must rely upon cash as their sole means of payment," stated Bruce Renard, executive director of the National ATM Council Inc. "The new law will also help protect important privacy rights for all Americans regarding their personal purchasing decisions and choices."

Flywire, BOSSA expand cross-border tuition payments in China <- click to read full story

Flywire, a vertically focused payments solution provider, disclosed July 21, 2020, that it partnered with the Beijing Overseas Study Service Association to provide cross-border tuition services to schools, recruitment agents and Chinese students traveling abroad. The partnership expands on Flywire's ongoing work with education recruitment agents in China, many of whom are BOSSA members, according to Sharon Butler, executive vice president of education at Flywire.

PCI SSC boosts women in cybersecurity <- click to read full story

The PCI Security Standards Council began a one-year blog series in January 2020 designed to improve gender diversity in the payment security profession. Year to date, the following on-camera and text version interviews with industry leaders have been posted to PCI Perspectives on the PCI SSC website, www.pcisecuritystandards.org.

Stacy Hughes, senior vice president, IT governance, risk and compliance, Global Payments Inc.; Amy Zirkle, payments and deposits program manager for the Consumer Financial Protection Bureau and former vice president, industry affairs, Electronic Transactions Association; Marie-Christine Vittet, data compliance manager, Accor Group; Tracey Long, head of strategy and subject matter expert, PCI standards programmes, Worldpay from FIS; Julie Quandt, senior manager, payment services data security, Discover Financial Services; Diane Rogerson, managing director, technology controls and cybersecurity, JPMorgan Chase; and Lisa Conroy, senior leader, merchant and partner compliance, Worldpay from FIS. end of article

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