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NewsBriefs

Following are excerpts from news stories recently posted under Breaking Industry News on our their tax withholdings. Shortly after
home page. For links to these and other full news stories, please visit www.greensheet.com/ the FBI and regulators in New York
breakingnews.php?flag=previous_breaking_news. began investigating, MyPayrollHP
owner Michael Mann, the execu-
Online merchants struggle with new authentication rules tive at the center of the malfeasance,
Strict new customer authentication rules are set to take effect in Europe, but was arrested near Albany. He was
not everybody is ready, leading the European Banking Authority to allow ad- charged by federal prosecutors with
ditional time for banks, financial technology firms and merchants to start toe- a $70 million fraud scheme.
ing the line. The new rules aim to thwart online payment fraud, which has Consumers want voice and
skyrocketed now that the EMV payments are the norm for card-present trans- choice, new studies show
actions worldwide.
TSYS brings strong, real-time authentication to Europe Access to voice-enabled technolo-
gies and alternative payment types
As ecommerce merchants struggle to meet the European Union's revised Pay- are top-of-mind among consumers
ment Services Directive, TSYS launched an advanced technology platform de- worldwide, according to separate
signed to validate customers and combat application, transaction and account studies published in September 2019
takeover fraud. The TSYS Authentication Platform went live Sept. 12, 2019. The by Capgemini and Paysafe Group.
solution will be launched in North America in 2020, TSYS representatives stat- Capgemini's World Payments Report
ed. Four partners helped TSYS develop the platform: Featurespace, Emailage, 2019 assessed the impact of open
InAuth and Payfone. banking on banks, nonbank financial
service providers and corporate en-
Payroll firm vanishes, saddling payment processors with losses terprises. Paysafe's Lost in Transaction:
Gen Z expectations at the checkout sur-
In a case that could have implications for direct deposit and payroll servic- veyed 6,000 British, American, Cana-
es providers, a payroll processing firm based in New York State ceased op- dian, German, Austrian and Bulgar-
erations, vanishing with $35 million earmarked to pay client employees and ian consumers about their shopping
habits and preferences.
WSAA 2019 embraces changing
acquiring community
More than 600 payments industry
professionals recently gathered at
the Omni Rancho Las Palmas Resort
in Rancho Mirage, Calif., for the 16th
annual Western States Acquirers As-
sociation conference. Planners of the
event mixed back-to-basics train-
ing with payments innovation and
emerging technologies for the event.
The annual conference endeavors to
educate and inform acquirers, ISOs
and merchant level salespeople about
the ever-changing needs of the finan-
cial services industry.
House approves cannabis
banking bill
The U.S. House of Representatives
took aim at federal barriers to bank-
ing cannabis businesses. The Secure
and Fair Enforcement (SAFE) Bank-
ing Act, which in a 321-103 vote on
Sept. 25, 2019, would provide a safe
harbor for financial institutions that
want to serve cannabis businesses.
The vote marks the first time either
house of Congress has taken up can-
nabis reform legislation.
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