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NewsBriefs

as critical to U.S. economic growth and national
security, the multipronged initiative calls for
government and private sectors to expand AI
research and deployments to stay apace with
global AI innovation. The American AI initiative
will stimulate investment in AI infrastructure
Following are excerpts from news stories recently posted under Breaking Industry while ensuring that government regulations
News on our home page. For links to these and other full news stories, please visit are met, stated Sriram Chakravarthy, chief
www.greensheet.com/breakingnews.php?flag=previous_breaking_news. technology officer and co-founder of Avaamo.
TSYS, T-Mobile launch all-in-one SMB solution Fed finds debit growth slows
T-Mobile USA Inc. and TSYS partnered to remove friction and expand as fraud losses rise
services to small and midsize businesses. GoPoint by T-Mobile for
Business is an mPOS solution designed to help SMBs grow and Two key takeaways from a new report released
scale. Noting that SMBs have been overcharged and underserved, by the Federal Reserve Board are that debit card
T-Mobile and TSYS disclosed plans to deploy VIP services across payments continue to grow, but more slowly
this growing market segment. Participating merchants will have than previously, and with that growth has come
access to same-day funding and a range resources, tools and a rise in fraud losses. The Fed was required
services, the companies stated. under the Durbin Amendment to regulate debit
card interchange and to file a report every two
Government calls for AI research, deployments years detailing costs incurred and interchange
fees associated with covered debit cards. The
An executive order, signed into law Feb. 11, 2019, aims to solidify U.S. Fed's regulation caps debit card interchange
leadership in artificial intelligence (AI). Describing AI leadership at 21 cents plus 5 basis points for financial
institutions with $10 billion or more in assets.
Bigger, broader Broker Fair returns to NYC

Finance professionals from all sectors of
alternative lending convened Mon., May 6,
2019, at New York City's Roosevelt Hotel for
the second annual Broker Fair. Broker Fair 2019
hosted about 600 guests and provided larger
meeting spaces, a fleet of kiosks to expedite
check-ins and an eclectic mix of networking and
presentations. Event organizers urged attendees
to register early: Sunday evening's pre-show
party sold out in advance. Conference host Sean
Murray, chief editor and publisher of deBanked
magazine, pointed out that Broker Fair 2018
filled a void with the first-ever merchant cash
advance conference. The show continues to cater
to sales agents and brokers while broadening its
scope.
Ingenico expands access to
Russian marketplace

Ingenico Group's global ecommerce division
has taken a leading role in helping enterprise-
level merchants reach Russian consumers with
Ingenico ePayments, a new ecommerce solution.
Designed to improve risk management while
reducing legal fees and compliance issues,
the solution enables international merchants
promote their products and services across
the Russian online marketplace, Ingenico
representatives stated.

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