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IndustryUpdate

shopping; digital peer-to-peer apps are supplanting national payments and minimizing losses to fraud. Less
cash in the day-to-day lives of users across generations than half of North American retailers sell internationally
as they become more appealing and useful; and change and cite fraud and currency and payment processing
is trickling down into bigger industries long-dominated as the top reasons why th ey don't do so, the partners
by cash and check, like remittances and business-to- found. BlueSnap and Kount joined forces to help mer-
business payments. chants overcome these barriers to growth. Using their
solution, businesses achieve less fraud, fewer false posi-
EPA guide calls for transparency, increased access tives, increased sales, and fewer manual reviews, they
added.
The Emerging Payments Association published a guide
to address the need for increased access to bank accounts. Ingenico integrates Apple Pay loyalty support
Ten account providers from the United Kingdom con-
tributed to the report titled Guide to Payment Account Ingenico Group integrated Apple Pay support for loy-
Providers, the EPA stated, adding that these include alty programs into its payment solutions to offer mer-
e-money institutions, digital banks and other payment chants and consumers more value in-store. Through
institutions. The guide examines what kind of accounts the integration, merchants of all sizes using Ingenico
respondents offer, their risk appetite and schemes they solutions will now be able to leverage the fast and con-
support. The payments industry has often been subject venient experience of loyalty, rewards, gift cards and
to criticism for closing its doors to businesses due to an other value-added services in Apple Wallet on iPhone
increased level of de-risking by UK banks; however, this to unlock new points of engagement, improve in-store
report provides an objective summary and extended experiences and drive loyalty with their customers,
invitation to all UK providers for contribution, the EPA Ingenico stated. Participating merchants are able to
noted. customize solutions to create a number of new benefits
for both their business and their customers, Ingenico
PARTNERSHIPS added.
InTu, FTNI team up on receivables
BlueSnap, Kount showcase
new cross-border solution InTu Mobility, a field mobility advisory firm, partnered
with Financial Transmission Network Inc., a provider
Payment platform BlueSnap and Kount, an AI-driven of integrated receivables solutions. As part of the FTNI
fraud prevention provider, partnered to provide mer- partner network, InTu will now be able to expand its
chants with an all-in-one platform for processing inter- portfolio of mobility solutions by offering customers
the ability to accept, process, and post a payment from
Empowering and any payment method, and from any payment channel.
FTNI's integrated receivables include secure, mobile
connecting today’s payment solutions for both Android and iOS, and can
accept multiple forms of remote payments, which is
important for InTu customers who distribute goods and
payments professionals collect payments in the field, the partners noted.

Linx, PicPay to enable QR-code payments

Retail technology specialist Linx and Brazil-based pay-
ment app have joined forces to bring QR-code payments
to more than 100,000 establishments offering the Linx
payment system. Created in 2012, PicPay is a pioneer in
the use of the QR code for financial transactions in Brazil
and has completed more than 3.5 million transactions,
November 11, 2019 • Issue 19:11:01
the partners stated. This integration is designed to help
Multiple ways to help merchants
prevent fraud and bring agility to the payment market,
through natural disasters
enabling faster, more efficient management. At the
and Southwest, and wildfires in the West among them –
causing an estimated $306 billion in damages, according
to the National Oceanic and Atmospheric Administration.
Three hurricanes alone – Harvey, Irma and Maria – cost
cashier, the retailer will show only one QR code, which
local economies on the U.S. mainland $265 billion, NOAA
brought the total to more than $500 billion.
said. Adding damages from other mainland disasters and
those sustained in Puerto Rico and the U.S. Virgin Islands
By Patti Murphy
A Federal Reserve report paints a stark picture of efforts
can be paid on different platforms, such as PicPay and
by small businesses to rebound following these disasters,
which were concentrated in nine states: North Carolina,
South Carolina, Georgia, Florida, Michigan, Mississippi,
Arkansas, Texas and California. The report revealed that
hen a disaster hits – like a hurricane, flood
small businesses in these states were hardest hit: 40 percent
or wildfire – everyone in the affected area
other Linx e-wallet partners, they added.
recouping lost revenues.
suffers. But some suffer more than others.
of small firms in the states studied reported losses due to
W Business owners, in addition to dealing with
natural disasters. Disasters struck small enterprises across
the consequences for their homes and families, face the
the age and income spectrum, but Hispanic-owned busi-
tors were hardest hit financially, the Fed reported.
unenviable task of getting their shops back on line and
nesses and those in the retail, leisure and hospitality sec-
This can be daunting. A 2018 survey by Visa revealed the
Among affected businesses, 45 percent suffered asset losses
cost of rebuilding a small business following a natural di-
up to $25,000, and 19 percent lost more than $25,000, accord-
more than $25,000.
saster can exceed $859,000. The Federal Emergency Man-
ing to the Fed. But foregone revenues, not assets, were the
agement Administration estimates that 40 percent of small
largest source of losses for small business. Sixty-one per-
businesses never reopen after a disaster, and 25 percent of
losses are too substantial to overcome.
cent had revenue losses of up to $25,000 and 35 percent lost
Shift 4 certified with Ingenico Telium line
those that do reopen fail within a year, because revenue
Contributed articles inside by:
In 2017 the United States experienced 16 natural disasters
– hurricanes in the East, massive flooding in the Midwest
Adam Atlas ..............................................................................................36
https://www.facebook.com/TheGreenSheetInc Shift4 Payments completed certification with Ingenico's
Brandes Elitch ........................................................................................20
TOC on page 3
Dee and Emily Karawadra .................................................................32
Jeff Fortney .............................................................................................38
https://www.linkedin.com/company/the-green-sheet Telium TETRA line of payment terminals. This initia-
Continued on page 30
https://twitter.com/The_Green_Sheet tive will enable Shift4 customers and partners across all
industries to implement the next generation of payment
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