Page 10 - GS190302

NewsBriefs

Editor's Note: Following are excerpts from news stories recently posted large banks, banks working in partnership with First Data
under Breaking Industry News on our home page. For links to these and Corp., large nonbank acquirers, and financial technology
other full news stories, please visit www.greensheet.com/breakingnews. companies like PayPal and Square.
php?flag=previous_breaking_news.
Aite Group to honor digital wallet
innovators at MPC19
Boston-based Aite Group LLC launched a global directory
and worldwide competition to recognize digital commerce
growth. The Digital Wallet Database, published in
ATM groups, Northeast cities oppose cash bans partnership with Mobey Forum, is a comprehensive listing
of service providers, Aite representatives stated.
Proposed legislation in the cities of New York, Washington
and Philadelphia would prevent merchants from banning The global research and advisory firm is also calling for
cash payments at retail stores and restaurants. Aimed at submissions for its Digital Wallet Innovation Awards, a
protecting unbanked and underbanked consumers, the competition aimed at showcasing best-in-class ewallet
prospective bills have garnered support from the ATM solutions and capabilities.
Industry Association and National ATM Council.
Capgemini finds banks, insurers
"The issue is far broader than the poor and unbanked playing digital catch-up
segment of the economy pointed to by these legislative
measures," said David Tente, executive director of ATMIA A new edition of Capgemini's Global Digital Mastery Series
USA. "Cashless retail severely limits consumer payment found financial service firms lag behind other industries in
choice and eliminates the favored payment method for 26 adopting and implementing digital services. The Capgemini
percent of the population." Research Institute surveyed 360 executives and 213
companies across an array of industries for the study. They
Big banks get high marks in merchant satisfaction contrasted current data with an equivalent study done in

Marketing research company J.D. Power completed a first- 2012. Despite growing emphasis on digital transformation,
ever study of small business satisfaction with merchant researchers found, only 31 percent of banks and 27 percent
services providers. It found that merchant satisfaction runs of insurance companies had mastered digitalization,
high, but that customers of the largest banks are the most and only 33 percent of executives are confident in their
satisfied overall. companies' digital competencies.
NFC Forum offers new, simpler mobile pay standard
The J.D. Power 2019 Merchant Services Satisfaction Study
evaluates small business satisfaction with 19 of the largest Merchants and their customers may soon have an easier
merchant services providers in the United States, including way to transact mobile
payments. The NFC Forum
is developing a new money
transfer application the
/USAePay
/USAePay standards group hopes
will emerge as the go-to
alternative to QR-based
payments. Mobile payments
SMARTER SOLUTIONS are poised to snag a notable
share of POS transactions.
FOR SECURE PAYMENTS Juniper Research projects
mobile payments will
total $2 trillion, or 15
Ecommerce percent of the value of POS
transactions, globally, by
Retail
2020.
To date, two models
WELCOME
have emerged for mobile
Mobile payments: one based on
Quick Response (QR) code
technology, the other using
www.USAePay.com 866.490.0042 near field communication
(NFC) technology.

10