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IndustryUpdate

Protection Bureau actions pertaining to the consumer RESEARCH
credit industry. Himpler detailed difficulties financial
services providers have in complying with CFPB regula-
tions and enforcement actions, and he called for Congress Accenture releases cyber insecurity survey
to reform the bureau's practices, budget process and A recent Accenture LLP survey of nearly 3,500 U.S. citi-
structure. zens found 30 percent of respondents have been victims
Schneiderman advocates for prepaid ruling of cybercrime; 79 percent are concerned about the pri-
vacy and security of their personal digital data. Almost
New York State Attorney General Eric T. Schneiderman, 63 percent of the respondents said they would feel more
supported by AGs and officials from 16 U.S. states and confident if government agencies and service providers
the District of Columbia, called on congressional leader- with which they interact had stronger data-privacy and
ship to oppose three resolutions, each of which could security policies; 73 percent lack confidence in govern-
derail a CFPB Final Rule seeking to protect consumers ment privacy practices.
who use prepaid cards. The rule is scheduled to go into
effect on April 1, 2018, enacting a new approach to regu- Javelin, EPC report on small merchant sentiments
lating prepaid cards, fees and consumer access to account Javelin Strategy & Research and the Electronic Payments
and legal information. Coalition reported small merchants are more
concerned about value and less concerned
about price when it comes to debit card
transaction fees. The study stated that 66
percent of merchants are satisfied with what
they pay (only 11 percent were dissatisfied)
and small retailers are even happier "when
they are allowed to choose additional ben-
efits even at a greater cost."

Market Track studies shopper behaviors
A study by Market Track LLC found that
despite declining foot traffic and same-store
sales numbers, a majority of consumers pre-
fer to buy most products in-store, but they
research online beforehand. In the survey
of over 1,200 primary household shoppers,
consumers also noted the bigger the ticket
item, the more likely they were to research
prices online.

Mercator links receivables to fast pay-
ments

The business cash cycle and the importance
of managing key elements of working capi-
tal are a top focus of successful companies,
according to a new research report, Improving
Receivables Management: Ignore at Your Own
Peril from Mercator Advisory Group. The
report discusses digital technology adoption,
cash flow through payment processing effi-
ciencies, receivables technology investment,
trends, and vendors driving change.
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CONNECTING THE PAYMENTS TECHNOLOGY WORLD

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