Page 8 - gs250901
P. 8

NewsBriefs






        This article contains summaries of news stories recently posted under   tions into accounting systems. Targeting sole proprietors
        Breaking Industry News on our homepage. For links to these and other   and gig workers, Tap2Local supports use cases like flea
        full news stories, please visit www.greensheet.com/breakingnews.php.  markets and pop-ups.
                                                                The product, in closed beta, will soon be available to over
                                                                1,000 banks and credit unions using Jack Henry's Banno
                                                                Digital Platform. Executives said it empowers SMBs to ac-
                                                                cept payments quickly and locally while strengthening
                                                                ties between financial institutions and their communities.
                                                                With small businesses seeking more payment options,
                                                                the partners believe Tap2Local positions banks and credit
                                                                unions as key players in local commerce.
        Shift4 helps Blue Origin
        accept crypto for space travel                          Multiple payments standouts
                                                                earn spot on 2025 Inc. 5000
        Shift4 Payments partnered with Blue Origin to enable
        cryptocurrency and stablecoin payments for commercial   Several  payments industry  firms  earned spots on the
        spaceflight. Travelers booking seats on Blue Origin's reus-  2025 Inc. 5000 list. PayBright (No. 1,273) posted 344 per-
        able New Shepherd rocket, which has flown more than 75   cent growth and supports 15,000 businesses. ePayPolicy
        people past the Kármán Line, can now pay with Bitcoin,   (No. 1,759) serves 10,000 insurance-industry clients with
        Ethereum, Solana, USDT, and USDC using wallets like     AR/AP tools. Ncontracts (No. 3,068) extended governance
        Coinbase and MetaMask.                                  solutions to 5,000 institutions, marking its seventh year
                                                                ranked. Jupiter Payments (No. 3,338), founded in 2020, of-
        The move  broadens  payment options for high-end con-   fers vertical POS and payroll services. VizyPay (No. 4,029)
        sumers and leverages crypto's global, always-on settle-  launched VEXIS, a CRM for SMB partners.
        ment capabilities, the partners stated. Shift4 founder Jared
        Isaacman, who commanded SpaceX's Inspiration4 and Po-   DCCSupply (No. 4,695) continues as a POS hardware
        laris Dawn missions, is no stranger to space exploration.   leader. Fora Financial (No. 3,973) has provided $4 billion to
        Executives described the integration as part of Shift4's   SMBs. Input 1 debuted on the list with 115 percent growth,
        mission  to  simplify transactions and  make  space  acces-  serving insurers and managing $16 billion in premiums.
        sible. They stressed crypto's potential as a $4 trillion asset   The Green Sheet applauds these standouts and invites oth-
        class.                                                  ers on the list to share announcements.

        NY AG picks up Zelle fraud case feds dropped            KnowBe4 warns a 'perfect storm'
                                                                of cyber threats looms
        New York Attorney General Letitia James filed suit
        against Early Warning Services, operator of Zelle, alleging   KnowBe4 warned that banks and other financial services
        it knowingly exposed users to fraud losses over $1 billion   providers face an unprecedented wave of cyber threats fu-
        between 2017 and 2023. The OAG claimed Zelle was de-    eled by AI-enhanced phishing, credential theft and sup-
        signed without essential safeguards, enabling scammers   plier vulnerabilities. Attacks on financial firms occur 300
        to exploit instant, irreversible transfers and weak sign-up   times more often than in other industries, with breaches
        verification.                                           rising 25 percent in 2024. Adversaries increasingly favor
                                                                stolen credentials over ransomware, using AI tools to craft
        Consumers lost  money to  unauthorized transfers, fake   convincing phishing emails, deepfakes and synthetic voic-
        sales and impersonation scams, while EWS allegedly ig-  es.
        nored warning signs and delayed fraud reporting. The
        CFPB  filed  a  similar  case  in  late  2024  but  dropped  it   Testing revealed up to 45 percent of big-bank staff clicked
        months later. New York seeks restitution for residents and   on  malicious  links,  but  training  programs  reduced  that
        mandatory anti-fraud protections. EWS denies wrongdo-   risk below 5 percent. The report stressed layered defenses,
        ing, calling the action political and noting that 99.95 per-  tighter vendor oversight and employee awareness as key.
        cent of transactions occur without fraud reports.       KnowBe4 concluded that empowering people is as critical
                                                                as deploying advanced security technology.
        Jack Henry launches Tap2Local
        digital payment solution
                                                                                Also find us on Facebook,
        Jack Henry & Associates introduced Tap2Local, a cloud-                  LinkedIn & Twitter for the
        native payments tool created with Moov to help com-
        munity banks and credit unions serve small businesses.                  most up-to-date stories,
        The solution enables merchants to accept card payments                  can’t miss events and newest
        directly via mobile tap-to-pay on iOS and Android, no                   industry announcements.
        hardware required, and automatically integrates transac-
        8 8



                                                                  https://www.facebook.com/TheGreenSheetInc
                                                                  https://www.linkedin.com/company/the-green-sheet
                                                                  https://twitter.com/The_Green_Sheet
   3   4   5   6   7   8   9   10   11   12   13