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NewsBriefs

Following are excerpts from news stories recently posted under Breaking Industry oversee Libra, a scalable cryptocurrency. The
News on our home page. For links to these and other full news stories, please visit exits come amid regulatory and legislative
www.greensheet.com/breakingnews.php?flag=previous_breaking_news. warnings, and leave the fledgling crypto
scheme without any U.S. payments processing
companies in the mix. Sen. Sherrod Brown,
D-Ohio, ranking member of the Senate Banking
Committee, and another member of that panel,
Consumers smitten with prepaid, Sen. Brian Schatz, D-Hawaii, sent letters in
small businesses can benefit early October to the CEOs of Mastercard, Visa
and Stripe urging them to proceed with caution
Data just released by Mercator Advisory Group reveals that half of in their work with Libra.
U.S. consumers are buying retailer gift cards. What's more, sales IRS issues new guidance on
of all types of prepaid cards – reloadable general purpose prepaid
cards, prepaid transit cards and mobile phone cards have grown by taxation of cryptocurrencies
more than 100 percent since 2013. Separately, results of a study by The Internal Revenue Service issued new
Fiserv suggests small businesses benefit from consumer gift card guidance on Oct. 9, 2019, regarding the taxation
purchases. Seventy-four percent of respondents said they regularly of virtual currencies, commonly called
buy gift cards from small businesses, particularly casual dining "cryptocurrencies." This is part of a wider
restaurants, coffee shops and specialty stores. effort to assist taxpayers and to enforce the tax

Payments giants bolt from Libra laws in a rapidly changing area, the IRS stated.
The guidance expand on the agency's first set
Visa, Mastercard, PayPal, eBay and Stripe all have withdrawn from of guidelines on virtual currencies, Notice
the Libra Association, an independent body set up by Facebook to 2041-21, issued in 2014. "The new guidance
maintains that virtual currencies are 'property'
for tax purposes and does not address other
types of crypto assets," said Nicholas Mowbray,
an attorney at BakerHostetler.
ATMs go high tech,
We’re More Than an Authorization high touch at NAC 2019

We’re The Best Solution For You and Your Merchants The National ATM Council's seventh annual
convention was a study in contrasts between
original ATMs and their next-generation
cohorts. Highlights included the unveiling
of a new mobile-biometric ATM standard,
educational panels and keynote addresses, all
designed to help independent ATM distributors
adapt to evolving market trends. In opening
RETAIL/POS DEVELOPERS remarks, George Sarantopoulos, NAC chair
and CEO at Access One Solutions Inc., said
QUICKBOOKS "Our conference sessions will challenge you
to think about the space our industry needs to
occupy 10, 20, 50 years out."

Hackers compromise Billtrust brand
MOBILE eCOMMERCE
B2B financial services provider Billtrust
Plus ePN offers customized, versatile services reported a ransomware attack on Oct. 17, 2019.
to help you support your business Brian Krebs, analyst and principal at Krebs
EMV • Level III • Inventory • CDM • QuickBooks • Bill Pay • Recurring Payments on Security, interviewed Billtrust CEO Steven
Pinado and published highlights from their
Through our ePN Partnership, ISOs/MSPs will experience: conversation in a blog post that same day.
• No fee, lead distribution Noting that Billtrust is assessing damages with
• FREE online documentation, development test account, and sample code for the help of law enforcement and a third-party
experienced developers security firm, Krebs stated the ransomware
• FREE brandable marketing materials through our Reseller Support Center attack was initially disclosed by Wittichen
(800) 296-4810 • eProcessingNetwork.com Supply, a Billtrust customer.

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