Breaking Industry News
Breaking News articles for September 2022
Money20/20 grows with fintech ecosystem
Friday, September 30, 2022
Money20/20 will return to Las Vegas Oct. 23 to 26, 2022, with a lineup of keynotes designed to address fintech's biggest challenges. The show's organizers stated they expect more than 8,000 attendees to return to the Las Vegas Venetian to engage with "fintech's brightest minds" and focus on solving each other's challenges.
Fraudsters up their games
Thursday, September 29, 2022
A new report from digital trust company Sift revealed fraudsters are upping their games. The report details the emergence of a new scam in which cybercriminals collaborate to liquidate bank accounts through cryptocurrency exchanges and connected wallets that have been ignored amid the "crypto winter," a term coined to describe the rough patch cryptocurrencies have seen this year. The term is comparable to a bear market in the stock market.
Automation, managed services impress vendors
Tuesday, September 27, 2022
The State of AP Report, published Sept. 22, 2022, by MineralTree, a Global Payments brand, examines advanced AP automation and B2B payments and their potential to mitigate ongoing supply chain disruptions in the wake of a global pandemic. By focusing on vendor relationships, researchers identified the most pressing issues that impact relationships between buyers and suppliers.
ETA's fintech forum explores collaboration, inclusivity
Friday, September 23, 2022
Regulators, fintechs and payments industry leaders convened in Washington, D.C. on Sept. 22, 2022, for the Electronic Transactions Association's annual Fintech Policy Forum, held at the law offices of Venable LLP. Jodie Kelley, ETA CEO, thanked Venable LLP, Mastercard, Visa, Pathward, FIS, Intuit, King & Spalding, Bank of America and Arnall Golden Gregory LLP for sponsoring the daylong event.
QuickFee exits BNPL
Thursday, September 22, 2022
The Australian finance company QuickFee Ltd. is bowing out of the U.S. market for buy now, pay later (BNPL). In a statement released on Sept. 13, 2022, the company's board of directors said that BNPL was a drain on its balance sheet. Going forward, the company said it will hone its focus on payment and financing services for the professional services sector.
CFPB report questions BNPL ethics, efficacy
Tuesday, September 20, 2022
Payments and retail analysts are discussing a new study by the Consumer Financial Protection Bureau (CFPB) on buy now, pay later service finance options and their influence on consumers. Buy Now, Pay Later: Market trends and consumer impacts," published Sept. 15, 2022, surveyed five U.S. BNPL market leaders: Affirm, Afterpay, Klarna, PayPal, and Zip—formerly known as Quadpay in the United States.
Gun shops to get unique MCC
Wednesday, September 14, 2022
An international standards group approved a new merchant category code (MCC) for gun shops—a move that has been hailed by gun control advocates and drawn the ire of gun advocates. Right now, gun shops are not treated as a separate category of merchants, unlike, for example grocery stores and cigar stores.
ETA, policymakers to meet on Capitol Hill
Tuesday, September 13, 2022
The Electronic Transactions Association’s annual Fintech Policy Forum, set for Sept. 22, 2022, will engage payments industry stakeholders and government officials in substantive discussions on trending fintech and regulatory topics. The event will facilitate networking and meaningful dialog among federal and state lawmakers and payments industry leaders, ETA representatives stated.
It's a mixed bag for Apple
Thursday, September 08, 2022
A new report out of the United Kingdom claims that Apple Pay is now more popular than Mastercard. Meanwhile, here in the United States, a proposed class action lawsuit is challenging Apple's control of the tap-and-pay iOS mobile wallet market.
NAC2022 to highlight retail ATM innovation
Wednesday, September 07, 2022
The National ATM Council Inc. will host its 10th annual conference and expo Sept. 13 to 15, 2022, at Hollywood, Florida's Seminole Hard Rock Hotel & Casino. Themed ATMs Across America, the event will provide networking, educational seminars and keynote presentations by leading companies and technology providers in the retail ATM sector, according to event organizers.
WSAA 2022 kicks off Sept. 7
Tuesday, September 06, 2022
It's not too late to join the Western States Acquirers Association for their annual conference at the Hyatt Regency in Huntington Beach, Calif. The event, taking place Sept. 7 and 8, 2022, furthers the mission of WSAA, which is to serve the acquiring business community by providing education and creating a welcoming networking medium for all involved. The conference will provide a forum for training, education and networking with financial institutions, sales agents, ISOs and merchant level salespeople.
Congratulations to the 2022 Inc. 5000 honorees
Thursday, September 01, 2022
Several companies have shared with us the good news that they were named to the much-anticipated 2022 Inc. 5000 list, some for the second or third consecutive time. The prestigious list represents a unique look at the most successful companies within the U.S. economy's dynamic privately owned businesses.
