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InsideGS
Cover Story Company Profile
International Bancard Corp.:
2016: An action-packed year for payments............................1 It's about the team, not the individual.................................. 31
By Patti Murphy
Education
From stunning acquisitions and m-commerce breakthroughs to
progress with EMV and PCI to legal and regulatory actions to new Street SmartsSM
roles for payment pros, 2016 was one dynamic year. Minimalism: A path to financial freedom............................. 36
News By John Tucker, 1st Capital Loans LLC
Minimalism may lead to financial freedom and be a viable alterna-
New PCI guidelines address scoping, segmenting.........10 tive to the high-pressure sales tactics, over-consumption and unre-
The PCI Security Standards Council, a global body responsible for alistic compensation expectations that prevail in our industry.
developing and managing the PCI DSS, published guidelines to help
organizations understand how to segment cardholder data. The CFPB takes on prepaid ......................................................... 42
By Brett Husak, National Bank Services
Fintechs inch closer to bank status.......................................... 10 The prepaid card industry has remained mostly unregulated until
Plans for an initiative to grant bank charters to nonbank compa- four years ago, when the CFPB disclosed its intention to implement
nies are detailed in an OCC paper titled Exploring Special Purpose regulations on prepaid accounts.
National Bank Charters for FinTech Companies.
Insights from puppy training applied to payments.......44
Gas station EMV deadline reset to 2020................................ 12 By Steven Feldshuh, Merchants' Choice Solution East
Visa Inc. and Mastercard confirmed Dec. 1, 2016, that petroleum re-
tailers will have until Oct. 1, 2020, to upgrade their pay-at-the-pump Like puppies, newbies in payments are enthusiastic but subject
systems to chip card readers. to making messes if they don't receive the right kind of training,
including hands on practice and preparation to go off leash.
M-commerce dominates early holiday shopping............. 14
Consumers reportedly spent $3.39 billion online on Cyber Monday, Multilayered authentication:
$50 million more than Black Friday's overall sales and 10 percent challenges now, rewards later.........................................46
more than the same period in the previous year.
By Evi Triantafyllides, PAAY LLC
Industry Update................................................................................ 16 With payment software development reaching unprecedented
levels and evolution in the fintech space, authentication is shifting
Views to entail accurate, sophisticated and multilayered procedures.
The very point of sale: New Products
Closing sales, opening relationships ..................................... 24
Omnichannel platform for
By Dale S. Laszig, DSL Direct LLC in-store, online commerce........................................................... 48
Yesterday's champions of industry carried demo bags and pitch
books. Today's MLSs partner with merchants to develop unique Reliable PIN pad for PIN, EMV transactions......................... 49
systems that go far beyond simple products and services.
Inspiration
Features Intimidated by large groups? Not to worry......................... 50
Meet the Expert:
Matt Bruno........................................................................................... 28 Departments
Letter From the Editors.....................................................................5
An interview with Green Sheet Advisory Board Member Matt Bruno. Readers Speak.......................................................................................8
ISO Metrics........................................................................................... 30
Mobile Buzz: Resource Guide.................................................................................. 52
Digital ID, the final piece in mobile wallet ........................... 47 Advertiser Index................................................................................ 62
If a new digital identification management platform catches on, the
ability for mobile wallet users to forego physical wallets may indeed
go from notion to reality.
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