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NewsBriefs

Street had been taped in the same
ballroom, Murray recalled Gordon
Gekko's "greed is good" statement
and said it's no longer greed, but
aligned interests that are good.

Phishing likely behind
2018 Amazon hack
Following are excerpts from news stories recently posted under Breaking Industry News on our
home page. For links to these and other full news stories, please visit www.greensheet.com/ Legal documents filed by Amazon
breakingnews.php?flag=previous_breaking_news. in November 2018 and now publicly
available describe a fraud campaign
Former Heartland CEO settles with SEC that targeted Amazon's Seller Cen-
Veteran payments trailblazer Robert O. Carr led Heartland Payment Systems tral from May through October 2018,
from an upstart to a $4 billion acquisition by Global Payments Inc. in 2016. A when criminals hacked the bank ac-
year later, Carr started card processing company Beyond and committed to counts of approximately 100 mer-
donating all his earnings from that company to charity. But last year, the Se- chants selling on Amazon. The extent
curities and Exchange Commission accused Carr of insider trading, and Carr of damages and identity of fraudsters
recently agreed to pay just over $250,000 in civil penalties to settle the case are unknown. Amazon asked a Lon-
without admitting or denying the SEC's allegations. don court for permission to search
statements at two financial institu-
Broker Fair 2019 gains new followers, energizes base tions where the hackers are believed
to have transferred funds: Barclays
Funders, lenders, legal analysts and service providers gathered at New York Plc and Prepay Technologies Ltd.
City's Roosevelt Hotel for the second annual Broker Fair. Approximately 800
attendees cheered when Broker Fair founder and deBanked president and chief Education a centerpiece for ETA
editor Sean Murray opened the conference. Noting that the1987 movie Wall
The Electronic Transactions Associa-
tion's emphasis on education is evi-
dent throughout its diverse initiatives
and programs ‒ from certification of
payments professionals to webinars
on emerging industry issues to meet-
ings with members of Congress orga-
nized to explain aspects of payments
that would otherwise elude them,
and more. The organization's ongo-
ing commitment to education was on
display recently at Transact 19. The
annual conference's multithreaded
agenda provided multiple opportuni-
ties for interactive learning.
Small, midsize merchants
compete in First Data's
CloverAchievers
First Data Corp. and its Clover plat-
form division recently launched Clo-
verAchievers, a program designed to
award up to $100,000 in cash, prizes
and business grants to qualifying
small and midsize merchants. Ap-
plicants must be based in the United
States and have 1,500 or fewer em-
ployees, Clover representatives stat-
ed. Winners will receive a combina-
tion of a cash grant, a Clover technol-
ogy makeover and donations made
in their names to charitable organiza-
tions.
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