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IndustryUpdate

TNS joins Verifone's MNSP program
Transaction Network Services completed certification
in the Verifone Managed Network Service Provider
(MNSP) program. This certification extends TNS' PCI
compliant TNSLink solution, which is used by con-
venience and petroleum retailers to connect to critical
enterprise applications and protect payment systems
at the forecourt and inside the stores. POS provider
Verifone said it implemented the program to strengthen
ANNOUNCEMENTS security at retail locations using its POS terminals with
automated fuel dispensers and the Verifone Commander
Monica Eaton-Cardone honored for innovation AFD system.

Monica Eaton-Cardone, chief operating officer and US Payments Forum clarifies
co-founder of dispute management specialist payment network rules
Chargebacks911, won the Women in Payments US
Innovation Award. The 2020 awards program recog- As contactless payments continue to take hold in the
nizes the achievements of those that distinguished U.S., many merchants and issuers are looking to provide
themselves as leaders and innovators in the payments these capabilities to their customers. With both magnetic
industry throughout 2019. "Monica scooped the gold stripe data (MSD) and EMV contactless technologies in
thanks to the instrumental role she played in promoting the market, the U.S. Payments Forum released today a
innovation in the payments industry, using her creativ- resource to help merchants, issuers and acquirers under-
ity, vision and perseverance," Chargebacks911 stated, stand the contactless operating mode rules set by each
adding that judges favored "the effectiveness of the of the payment networks. Download the white paper,
technology that Monica helped create, despite no formal Contactless Operating Mode Requirements Clarification,
qualifications in software engineering." at www.uspaymentsforum.org/contactless-operating-mode-
requirements-clarification/.
Fattmerchant receives triple recognition
RESEARCH
Fattmerchant, a payment technology provider that
prides itself on being dubbed the "Netflix of credit card A new study from Juniper Research found that busi-
processing" heralded its ranking No. 1 on U.S. News nesses in ecommerce, airline ticketing, money transfer
& World Report's list of Best Credit Card Processing and banking services will cumulatively lose over $200
Companies of 2020, as well as ranking among nine pay- billion to online payment fraud between 2020 and 2024.
ments companies on the Forbes Fintech 50 2020 list. The rise is driven by the increased sophistication of
In addition, Fattmerchant was named one of Orlando fraud attempts and the rising number of attack vec-
Business Journal's 2020 Best Places to Work. Fattmerchant tors. The new research, Online Payment Fraud: Emerging
said it fosters a culture of innovation and disruption and Threats, Segment Analysis & Market Forecasts 2020-2024,
saves businesses time and money through its subscrip- found the increasing ubiquity of digital payments pro-
tion-based model and fully integrated Omni platform. vides an ever-increasing attack surface for fraudsters.
Download the free white paper at https://bit.ly/2VrvQdq.
1 million unattended retail machines
being upgraded for mobile Banks' big opportunity in digital ID won't last
PayRange Inc. a network for everyday purchases, Despite banks playing a fundamental enabling role
secured $70 million in funding to digitize unattended in the development of national digital ID schemes
retail machines at no upfront cost to machine owners. to date, their uniquely strong position in the field is
The digital revolution has left millions of vending, under increasing threat from web giants and other
laundry and other cash-and-coin-only machines behind, globally networked firms, according to new research
PayRange stated, because until now, upgrading to from Mobey Forum's Digital ID Expert Group. The
accept card and NFC payments has been cost prohibitive report, How to Make Digital Identity a Success: Insights and
for those machines. "The patented PayRange solution is Learnings from Seven Digital ID Schemes, is the product
a small, dongle-like device that easily installs inside the of an in-depth, collaborative study conducted in 2019
machine, then leverages the consumer's smartphone for with seven digital ID schemes across Europe and North
connectivity and payment over Bluetooth," the company America. It presents a comparative overview of the
said, adding that in addition to retrofitting existing models being applied around the world and provides
machines, the solution is also available as OEM in new insights, and comments for banks and financial institu-
machines. tions on their evolution.
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