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NewsBriefs

Editor's Note: Following are excerpts from news stories recently posted Chargebacks survey sheds light on CNP fraud
under Breaking Industry News on our home page. For links to these and
other full news stories, please visit www.greensheet.com/breaking- A recently released survey conducted jointly by Kount
news.php?flag=previous_breaking_news. Inc. and Chargebacks911 assessed the state of fraud and
chargeback management in more than 1,000 organizations.
Blockchain wallets advance, criminals attack Titled the 2018 State of Chargebacks Survey, the study
revealed card-not-present (CNP) fraud to be the number
A recent flurry of headlines reflects growing interest one source of chargebacks for 48 percent of businesses
in cryptocurrencies, according to payments and legal surveyed, followed by friendly fraud for 28 percent.
analysts. Reports include numerous initial coin offerings,
cardless cash startups and armed robberies involving Secure Technology Alliance offers guidance
bitcoin wallets. Peter Vessenes, co-founder of the Bitcoin on contactless payments
Foundation and Managing Director of New Alchemy, said
he expects blockchain technology and various methods of With increased demand for fast, secure and seamless
tokenization to become mainstream in the next five years. payments, many payments industry stakeholders are
exploring contactless payments as a way to meet consumer
CFPB amends prepaid rule, extends effective date expectations. The Secure Technology Alliance, formerly
known as the Smart Card Alliance, published a white
The Consumer Financial Protection Bureau is providing paper that offers timely guidance for merchants, issuers
more time for prepaid debit card companies to prepare for and processors interested in implementing contactless
upcoming new regulations. The bureau also has taken a payment programs successfully in the United States.
scalpel to the controversial new rule set, narrowing the
application of error resolution requirements and adjusting Visa explores macro trends shaping global travel
compliance requirements for providers of digital wallets.
An "update" to the prepaid rules, issued by the CFPB A comprehensive look at travel and tourism in 2017
on January 25, 2018, addresses controversial provisions revealed motivations and planning tactics of global
related to disclosure requirements and other consumer travelers. Visa Inc., in partnership with ORC International
protections and extends the effective date for the entire Inc., conducted the biannual Global Travel Intentions
rule set to April 2019. Study, gleaning data collected from interviews with
global travelers in 27 markets. Among the macro trends
identified: trips are getting shorter, averaging eight nights
per trip versus 10 nights in 2013.
PayKademy launches in San Francisco
Feb. 20, 2018, marked the official launch
of PayKademy. Created by The BayPay Fo-
rum, a global organization representing
payment, fintech and commerce execu-
tives, the academy represents an extension
of the group's educational and thought-
leadership forums. The inaugural course
was tailored to individuals who have a
It’s not a career it’s a lifestyle basic to intermediate understanding of
Come be a part of something special electronic payments and are interested
in learning more about the acquiring and
Leverage our core values to win merchant acceptance side of the business.
more business: Industry leaders honored
at NEAA 2018
· Pricing Clarity
· Exceptional Service The Northeast Acquirers Association held
· Personal Relationships its 33rd annual conference in Connecticut
in January 2018. The payments industry's
· Trusted Advice longest running regional event included a
· Integrity mix of exhibits and presentations aimed at
empowering merchant acquiring profes-
Learn more about becoming a sionals. Established in 1985, the nonprofit,
Payroc Payment Professional! non-membership regional association has
modeled the way for other regional asso-
844-PAYROC4 ciations while deepening its ties with the
payroc.com © 2018 Payroc LLC all rights reserved Electronic Transactions Association.

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