Page 10 - GS180502

NewsBriefs

Editor's Note: Following are excerpts from news stories recently posted lower than men's. This year's findings are at odds with the
under Breaking Industry News on our home page. For links to these and company's 2016 report in which 42 percent of respondents
other full news stories, please visit www.greensheet.com/breaking- expected half of all transactions soon to be connected with
news.php?flag=previous_breaking_news. mobile payment schemes.
Fiserv, Rippleshot tackle early breach detection

According to the Identity Theft Resource Center, 1,579 data
breaches were reported during 2017, a significant increase
over the 1,093 reported in 2016. To address this critical
challenge, Fiserv Inc., a provider of financial services
technology solutions, and fraud analytics firm Rippleshot
joined forces to create Card Risk Office Fraud Warning,
which the partners describe as an early breach detection
solution that allows financial institutions to identify
potential fraud events 30 to 60 days before network alerts.

Is VR commerce the next frontier in payments?

Mercator links API growth More than 12,000 people converged at the Los Angeles
Convention Center May 4 and 5, 2018, to experience
to open banking platforms VRLA 2018, an expo produced by New Realities Inc. that
In response to interoperability trends in the financial features next-generation immersive and transformative
services sector, Mercator Advisory Group Inc. released technology. "People come to VRLA from all over the world
guidance on deploying and implementing application to see the latest advancements in VR, AR, and everything
program interfaces (APIs). Developing an Appropriate and related to immersive technology," expo organizers wrote.
Sustainable Business Plan for an API Portal, published April One advancement featured at VRLA was VR (virtual
26, 2018, traces the API journey from internal use within reality) commerce. And Payscout CEO Cleveland Brown
an organization to broad deployment among competing was tapped to give a talk on it at the show. "We view
enterprises. The European Union has enacted an "open virtual reality ‒ and related emergent technologies, such
banking" mandate, requiring financial institutions to as augmented and mixed reality ‒ as the next frontier for
open their banking portals to fintechs. commerce, and in the same way ecommerce disrupted
retail, virtual reality commerce is going to disrupt
TSG TruShop brings mystery ecommerce," Brown stated.
shopping to acquiring industry
Deutsche Bank, IATA launch PSD2-friendly program
Until now, the practice of mystery shopping to measure Deutsche Bank and the International Air Transport
business metrics internally has been relegated to the Association, a global airline trade association embarked
automotive, retail, fitness and other merchant segments. upon a new joint initiatve. On May 7, 2018, the organizations
Turning the table, The Strawhecker Group recently disclosed plans to test a direct payment scheme that
introduced TruShop, a service that enables merchant enables consumers to pay airlines from Deutsche Bank
acquiring players to objectively evaluate and test how accounts. Representatives from both organizations said
merchants view their brand, products, services, sales and the pilot reflects the spirit of the European Union's recently
support teams based on TSG merchant engagements. Jared revised Payment Services Directive (PSD2). The PSD2 is
Drieling, Director of Business Intelligence at TSG said, regulatory guidance designed to promote innovation and
"[W]hat we do is take on the persona of that merchant and efficiencies in the banking sector.
we reach out to various payment providers and document
that process." First Data streamlines robust ISV offering
POS tablets outshine mobile wallets, ShopKeep finds In a move designed to accelerate release of market-ready
solutions by the integrated software vendor community,
In a survey of 1,794 small business owners, ShopKeep found First Data Corp. strategically combined two companies
a slight increase in mobile wallet adoption over a two-year it acquired last year: CardConnect Corp. and BluePay
period. In a report titled ShopKeep Small Business Pulse: Holdings Inc. The goal: to enable software companies to
2018, ShopKeep evaluated responses from a diversified more easily integrate secure payment processing within
base of U.S. retail and hospitality customers. Among software-as-a-service, mobile and POS applications.
merchants polled, 50 percent had one to three employees, Frank Bisignano, Chairman and CEO at First Data, stated,
and 57 percent were female business owners, which "Combining these two organizations is the natural next
survey researchers called "a positive sign considering step in furthering our momentum in the high-growth
that women's self-employment rate has historically been

10