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NewsBriefs

from the research and analytics firm
predicts smartphone users relying on
biometric security will balloon by 250
percent between now and 2023, when
Editor's Note: Following are excerpts from news stories recently posted under Breaking Industry the total will exceed 1.5 billion users
News on our home page. For links to these and other full news stories, please visit www.green- worldwide.
sheet.com/breakingnews.php?flag=previous_breaking_news. Road to security paved with
Faster payments growing, NACHA poised to help self-regulation, ETA says

The U.S. market is moving closer to a faster payments environment. A new The new Electronic Transactions As-
report from Mercator Advisory Group projects $255 billion will be sent this year sociation's Self-Regulation Program is
via faster payments initiatives available in the U.S. The projection represents the ETA's latest bid to formalize best
just a fraction of total payments – in 2017 the top five card acquirers in the practices across diverse service pro-
United States saw nearly $4 trillion in credit and debit card payments; ACH viders. The global trade association
payments topped $46 trillion. designed the initiative to improve
security and reduce risk by officially
PCI SSC unveils new security guides for SMBs recognizing companies that adhere to
industry best practices. Jason Oxman,
The PCI Security Standards Council recently unveiled the PCI Data Security CEO of the ETA, has long avowed
Essentials Evaluation Tool. Council members said the solution is designed to that payments industry stakeholders
simplify security for small business owners. Citing Verizon's 2018 Data Breach are principled technology providers
Investigation Report, the council said small and midsize merchants accounted that go above and beyond minimal
for 61 percent of all data breaches in 2017. compliance standards.

Mobile payments shifting to software-based biometrics Toshiba, Ingenico to launch
The biggest shift in mobile payments security over the next five years will be to- co-branded retail solution
ward software-based biometrics, according to Juniper Research. A new report
Ingenico Group recently participated
in a joint presentation with Toshiba
Global Commerce Solutions at Toshi-
ba's annual partner conference. The
event showcased innovative trends
in consumer behavior and commerce
technology from new entrants and
leading global brands. During the
conference, Toshiba and Ingenico dis-
closed near-term plans to launch a
co-branded retail solution, following
a lengthy discovery process.

Mobile banking startup snags
fintech bank charter

The Office of the Comptroller of the
Currency, the Treasury Department
agency that oversees national banks,
announced in late July that would be-
gin accepting applications for "special
purpose" charters from fintech firms.
Just over a month later, Varo Money
Inc. announced it had received a pre-
liminary okay for an OCC charter,
putting Varo Bank N.A. on track to
become the first all-mobile national
bank in the country.

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