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NewsBriefs






        Editor's Note: Following are excerpts from news stories recently posted under Breaking Industry   About Increasing Loyalty, was based
        News on our home page. For links to these and other full news stories, please visit www.green-  on a survey of 1,500 loyalty program
        sheet.com/breakingnews.php?flag=previous_breaking_news.                    participants across numerous ver-
                                                                                   ticals, including retail, airline, ho-
                                                                                   tel, food and beverage, online retail,
                                                                                   bank, gym, telecom, and utility sec-
        Visa, NFL team up for payments at Super Bowl LIII                          tors. Researchers found a majority of
                                                                                   respondents  redeem  small rewards
        The Los Angeles Rams will face the New England Patriots for Super Bowl LIII,   frequently, cashing out before re-
        which is coming up Sun., Feb. 3, 2019, at the Mercedes-Benz Stadium in Atlanta.   wards reach the $100 mark.
        And Visa, a partner of the National Football League since 1995, just renewed
        its agreement with the NFL to serve as the league’s Official Payment Services   New study spotlights
        Technology Partner through the 2025 season. The deal includes new benefits   rampant data abuse
        for Visa cardholders at NFL events and plans to collaborate on the first cashless
        Super Bowl in the future.                                                  The alarming acceptance of security
                                                                                   breaches and data abuse as inevitable
        NAC kicks off year-long celebration as U.S. ATMs turn 50                   is the focus of the Identity Theft Re-
                                                                                   source Center's 2018 End-of-Year Data
        U.S. ATMs will turn 50 on Sept. 2, 2019, and the National ATM Council will   Breach Report. Published in January
        host a series of events leading up to the historic occasion. The not-for-profit   2019  and  sponsored  by  CyberScout,
        trade association, established in 2011 on behalf of independent ATM deployers,   the report aggregates public data
        designated 2019 as The Year of the ATM in America. The year-long celebration   breach records to identify emerging
        will combine festivities with education.                                   threat patterns. In addition to garden
        Researchers note strength in real-time rewards programs                    variety data breaches, researchers
                                                                                   found widespread data abuse involv-
        A study published by Blackhawk Network found growth in real-time loyalty   ing users opting in to data mining
        programs is largely driven by younger consumers. The report, A Heart-to-Heart   entities.

                                                                                   Tide may be turning for
                                                                                   contactless payments

                                                                                   Visa has been promoting contactless
                                                                                   payments for more than 20 years. Ear-
                                                                                   ly  tests  of contactless payments  oc-
                                                                                   curred in sports stadiums and relied
                                                                                   on payment fobs that employed NFC
                                                                                   to support tap-and-go payments. A
                                                                                   notable number of merchants are now
                                                                                   positioned to accept contactless pay-
                                                                                   ments. A survey of small and mid-
                                                                                   sized businesses last year by Paysafe
                                                                                   found 37 percent have technology in
                                                                                   place to accept contactless payments.
                                                                                   CFPB keeps name, aims to
                                                                                   tamp down protections
                                                                                   Consumer advocacy groups are criti-
                                                                                   cizing plans by the Consumer Finan-
                                                                                   cial Protection Bureau to tone down
                                                                                   Obama-era protections against pred-
                                                                                   atory lending practices. The mandat-
                                                                                   ed protections, which became law in
                                                                                   2017 as part of the 2010 Dodd-Frank
                                                                                   Act, required lenders to confirm bor-
                                                                                   rowers' ability to repay loan products.
                                                                                   An additional provision called for a
                                                                                   cooling off period before "re-upping"
                                                                                   serial borrowers with three back-to-
                                                                                   back short-term loans.

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