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NewsBriefs

Editor's Note: Following are excerpts from news stories recently posted payments" is a relative term and many issues are as yet
under Breaking Industry News on our home page. For links to these and unresolved, recent research by Mercator Advisory Group
other full news stories, please visit www.greensheet.com/breaking- indicates progress is being made, especially among four
news.php?flag=previous_breaking_news. faster-payments solutions with "compelling use cases."
FS-ISAC updates API for financial data sharing Google Pay replacing Android Pay, Google Wallet
The Financial Services Information Sharing and Analysis Google LLC disclosed Feb. 20, 2018, that the Google Pay
Center released an updated version of the Durable Data mobile app is nearing completion. The newly branded
API for secure, tokenized data transfer. The API and Google Pay mobile platform will absorb the Android Pay
accompanying white paper are available free of charge and Google Wallet brands, broadening and consolidating
to the industry and represent the culmination of a year- their capabilities, according to company representatives.
long effort to devise an advanced standard for secure data
sharing. DOJ steps up cybersecurity vigilance
Proposed REFER Act extends marijuana protections Attorney General Jeff Sessions, on Feb. 20, 2018, ordered
the U.S. Department of Justice to create a new Cyber-
Days after Attorney General Jeff Sessions' January memo Digital Task Force. The new entity's assignment is to
that reinstated the Controlled Substances Act of 1970, canvass global cyber threats and identify how federal
the House of Representatives introduced the Restraining law enforcement can more effectively thwart malicious
Excessive Federal Enforcement and Regulations of attacks.
Cannabis Act (REFER), which would protect individuals
and companies from federal prosecution for marijuana Travel industry fraud spikes to $1 billion
crimes in states that have decriminalized these activities. The International Air Transport Association estimates that

Top four faster-payments contenders 4.1 billion airline passengers boarded 42 million flights in
emerge, Mercator says 2017. Yet of the $7 billion collected to process payments
during the year, fraud cost the travel industry nearly $1
In 2017, a Federal Reserve-commissioned task force issued billion, which IATA attributes largely to fraudulent usage
a call to action to make faster payments available to every of stolen, compromised or fake credit card details in the
consumer and business in America by 2020. While "faster purchase of airline tickets.