Breaking Industry News
Breaking News articles for July 2021
Study highlights fintech diversity, consolidation
Friday, July 30, 2021
A new report titled The Changing FinTech Landscape: A Snapshot of M&A Themes and Trends explores the maturing, consolidating fintech ecosystem. Published July 21, 2021, it provides perspectives from global law firm Shearman & Sterling, fintech accelerator Rise by Barclays, and research advisory S&P Global Market Intelligence.
MWAA attracts nearly 1,000 attendees
Thursday, July 29, 2021
In person meetings are back! That was one clear message from the Midwest Acquirers Association annual conference. The event attracted 949 attendees, with the exhibit hall at times so packed the din of conversations was almost deafening.
The Green Sheet interviews Kathryn Petralia
Wednesday, July 28, 2021
On July 22, 2021, Kabbage Inc., a data and technology company, launched Kabbage Checking, a business checking account designed to help all types and sizes of businesses improve cashflow. The Green Sheet recently interviewed Kathryn Petralia, co-founder at Kabbage, an American Express company, about the new service. Following are excerpts from the interview.
MWAA honors industry veteran Juan Ortiz
Tuesday, July 27, 2021
When Juan Ortiz interviewed for his first job in the bankcard business, back in 1998, he had no idea what credit card processing was about. Fast forward to July 2021, and Ortiz was being honored by his peers, receiving an Industry Achievement Award during the Midwest Acquirers Association conference in Chicago last week.
Post-pandemic competition fierce for gift cards
Friday, July 23, 2021
The gift card market experienced an uplift in 2020, especially during the holiday season, according to Blackhawk Network's BrandedPay Holiday 2020 Report. The survey of 1500 U.S. shoppers, published in November 2020, found 66 percent of respondents had purchased gift cards in 2020 and 72 percent planned to use them for holiday spending.
Demand grows for next-gen contactless
Tuesday, July 20, 2021
Next-generation contactless solutions, with enhanced security and futureproof features, are facilitating safe and clean commerce at branch banks, restaurants and stores, according to recent reports.
The Green Sheet interviews Lisa Shipley
Friday, July 16, 2021
Lisa Shipley, chief revenue officer at Talus Pay, is a payments industry leader with more than 25 years of progressive experience in global business, building partnerships and teams across the Americas, Europe and Asia Pacific, and maximizing revenue growth for leading companies, including First Data and Transaction Network Services. Following are highlights from her interview with The Green Sheet.
FBI charges two in credit card laundering scheme
Thursday, July 15, 2021
The FBI arrested a Florida businessman on allegations he and a California man hoodwinked an unnamed ISO and its upstream partners into processing credit and debit card transactions tied to a fraudulent telemarketing scheme that bilked thousands of unwitting consumers of millions of dollars for bogus debt-relief services.
MWAA 2021 draws record sign-ups
Monday, July 12, 2021
The Midwest Acquirers Association will host its 19th annual conference at the Chicago Marriott Downtown Magnificent Mile on July 21 to 22, 2021, drawing sponsors, exhibitors, speakers, media sponsors, payments industry thought leaders and attendees from across the payments ecosystem. Rod Katzfey, MWAA president, noted a record number of payments professionals have already registered for the event.
PayPal's big omnichannel push
Thursday, July 08, 2021
Online payments giant PayPal launched a big push into the brick-and mortar market, offering PayPal Zettle to support omnichannel payment acceptance. PayPal Zettle is a digital POS system that also can be used to manage sales, inventory, reporting and payments across channels and on one device.
UK leaders weigh cash protection options
Tuesday, July 06, 2021
The United Kingdom's cash impact assessment, undertaken by Her Majesty's Treasury in January 2021, has inspired discussions across the financial services ecosystem as global cashless trends continue to gain momentum. Leaders from banking, payments and ATM sectors support efforts to recognize cash as a viable payments option that complements digital transactions.
COVID created 'perfect storm' for fraudsters
Thursday, July 01, 2021
The COVID-19 pandemic forced a lot of changes in the way merchants sell and consumers buy. This, in turn, created a "perfect storm" of opportunity for fraudsters. Evidencing this, the digital trust company Sift said it saw 59 percent in blocked, user-generated malicious content within its network of clients during the first quarter of the year.
