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The Green Sheet Online Edition

February 22, 2021 • Issue 21:02:02

News Briefs

FedNow pilot gains broad, diverse support <- click to read full story

Fintechs and financial service organizations petitioned the Federal Reserve to participate in its FedNow pilot, which went live Jan. 25, 2021. Designed to make payments faster, safer and more convenient, the initiative and its pilot program will support development, testing and adoption of the FedNow Service. Esther George, president and CEO of the Federal Reserve Bank of Kansas City, noted that 110 pilot program participants met the Fed's objective of representing diverse facets of the payments ecosystem.

SolarWinds hack left many vulnerable <- click to read full story

As companies implement stronger security measures, hackers get craftier, targeting cloud-based and managed service providers to snag more data and more victims. Now comes news that the SolarWinds breach, allegedly a state-sponsored attack, which sparked headlines late last year, could have far-reaching implications for payments firms and merchants.

U.S. processor survey finds merchants underwhelmed <- click to read full story

J.D. Power's 2021 U.S. Merchant Services Satisfaction Study found payment processors could do more to meet their merchant customers' needs. Findings were based on 3,253 small business customers of merchant services providers surveyed between September and November 2020. They rated processors according to 12 key performance indicators. Several KPIs had below 50 percent meet rates, which spotlights opportunities for improvement.

Shift4 offer is out of this world <- click to read full story

Playing in the Super Bowl is the pinnacle of success in football, and the event has become a platform for advertisers to showcase new products and ad campaigns. This year, one ad featured an out-of-this-world offer from Shift4 Payments: a chance to win a seat on the first all-civilian mission to space. The mission will be commanded by Jared Isaacman, founder and CEO of Shift4, who is also footing the bill for the mission, dubbed Inspiration4. end of article

This article contains excerpts from news stories recently posted under Breaking Industry News on our homepage. For links to these and other full news stories, please visit www.greensheet.com/breakingnews.php.

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Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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