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NewsBriefs

Editor's Note: Following are excerpts from news stories recently
posted under Breaking Industry News on our home page. For links to
these and other full news stories, please visit www.greensheet.com/
breakingnews.php?flag=previous_breaking_news.
Amazon, Apple remove friction from digital cash

The race is on to transition unbanked and underbanked
consumers from cash to mobile and digital payment
methods, with Amazon.com Inc. and Apple Inc. in the
lead. The retail giants launched service offerings in 2017
designed to bring personalized shopping experiences
to consumers who prefer to pay with cash.
EMV sales top mobile on Black Friday 2017

EMV may have reached a tipping point in the United
States, according to the 2017 Holiday Payments Index
published by Cayan LLC. The report found EMV trans-
actions accounted for 73 percent of Black Friday in-store
payments, compared with 18 percent magnetic-stripe
cards.
TIO Networks still down, investigation
of breach continues
The operations of TIO Networks remain suspended to
protect customer data during an ongoing investigation
of TIO platform vulnerabilities, according to PayPal
Holdings Inc., which acquired TIO in July. The suspen-
sion began Nov. 10, after PayPal discovered security
vulnerabilities on the TIO platform.
Ecommerce embraces brick-and-mortar
for customer engagement

Retail analysts noted a trend toward ecommerce mer-
chants opening physical stores. Recent store openings
by Warby Parker, Everlane and Amazon.com Inc. are in-
dicative of consumers' need to touch and feel products
before they buy, analysts believe.
Discover moves to enhance convenience, security
Discover Financial Services revealed it will no longer
require signatures at the POS as of April 2018. This is
for credit and debit transactions on the Discover Global
Network in the United States, Canada, Mexico and the
Caribbean.

Holiday shoppers favor multichannel retailers
Reports suggest merchants with an online and brick-
and-mortar presence attract more customers during
the holiday shopping season. Analysts have seen a pre-
shopping trend among consumers who research prod-
ucts online, then touch and buy in stores.
Breaches affect nearly 1 in 3 businesses, survey finds

The Hartford Steam Boiler Inspection and Insurance
Co. reported that almost one-third of U.S. business
owners experienced a data breach in the last 12 months.
The survey cited third-party contractors, employee
negligence, and lost or stolen mobile devices as leading
causes of the criminal exploits.
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