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NewsBriefs

"Consumers want protection, but they also want convenience. While fighting Digital payments growing
fraud it's important to remember that the vast majority of transactions that rapidly worldwide
occur each day aren't attempted fraud; they're legitimate customers," the
IDology 2018 Fraud Report states. Global digital payments are growing
at a rapid clip, driven largely by
Identity verification increasingly has become a revenue driver and a tool for developing markets, according to
reducing risks. Evidencing this, a majority of firms IDology surveyed (85 a new report from Capgemini and
percent) said it can be a strategic differentiator, despite being more complicated. BNP Paribas. The trend should be a
wake-up call for U.S. banks to rethink
Apple Pay debuts on FreedomPay's DecisionPoint Network their payment strategies to focus
more on emerging economies, said
Philadelphia-based FreedomPay revealed Oct. 24, 2018, that it has added Apple Anirban Bose, CEO of Capgemini's
Pay to DecisionPoint Network (DPN), a digital platform that brings merchant financial services practice. Corporate
messaging, advertising and value-added services to POS screens. Apple Pay's treasurers, too, added Bruno Mellado,
simplicity and ease-of-use complements DPN product and services while head of international payments and
providing consumers with privacy, security and access to their credit and debit receivables at BNP Paribas.
card benefits and reward programs, company representatives stated.
The World Payments Report 2018
In an interview with The Green Sheet, Christopher R. Kronenthal, president forecasts a 12.7 percent compound
and chief technology officer at FreedomPay, said DPN is part of a new retail annual growth rate for noncash
era that is seamless and channel-agnostic. "Omnichannel as a concept is a payments worldwide through 2021.
vernacular trap, perpetuated by people who see supporting different channels This comes on the heels of 10.1 percent
as a problem," he said. "If you're not from payments, it makes no sense to have growth from 2015 to 2016.
a discussion about channels."

ETA expands
membership benefits

The Electronic Transaction Associa-
tion will extend discounts and ben-
efits to 2019 members who join the
ETA or renew their memberships
during the 2018 calendar year. "When
you become a 2019 ETA member in
the 2018 calendar year, you will have
the first chance to join an ETA com-
mittee — even before current ETA
members," the ETA wrote. "Plus, you
will get the remaining 2018 months
free of charge with all of the member
benefits." ETA members have access
to exclusive events, industry thought
leaders and continuous updates on
emerging industry trends.
These benefits can enhance members'
career development by connecting
them with industry advocacy groups
and like-minded partners, clients and
customers who face similar challeng-
es. The ETA connects members with
thousands of payment professionals,
including ISOs, payment networks,
financial institutions, transaction
processors, mobile payment products
and services, payment technologies,
original equipment manufacturers
and independent software vendors,
the ETA added.

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