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NewsBriefs

Following are excerpts from news stories recently posted under Breaking Industry Going public: Shift4 makes big board debut
News on our home page. For links to these and other full news stories, please visit
www.greensheet.com/breakingnews.php?flag=previous_breaking_news. While the coronavirus pandemic has placed
many businesses on hold, not so for Shift4 Pay-
ments, which raised $345 million on its first day
of trading on the New York Stock Exchange, June
5. At the start of trading a mask-wearing Jared
Isaacman, Shift4's CEO, became the first to ring
the opening bell in person on the NYSE floor
since it re-opened for trading in May. Unlike past
IPO-related bell-ringing ceremonies, the trading
floor wasn't packed with spectators due to social
distancing requirements. Concurrent with the
New study finds uptick in ID fraud IPO, Isaacman put $100 million of his own money
into Shift4 through a private stock placement.
Fraudulent activities are mirroring developments in the coronavi-
rus pandemic, according to LexisNexis Risk Solutions. Researchers Skrill digital wallet adds
identified weekly fluctuations in physical identity fraud following features, reduces fees
the lockdown begun in mid-March. Additionally, reported cases of
stolen identity fraud have exceeded 2019 levels. "Service providers Skrill rolled out enhancements designed to make
need to take a risk-based multilayered approach [to navigate the transactions easy, simple and fast. The company
current threat landscape]," said Christopher Schnieper, the firm's launched the Skrill Visa Prepaid Card in Janu-
director of fraud & identity. ary 2020, followed by Skrill Money Transfer and
an expanded version of the Knect loyalty app in
June that enables U.S. consumers to participate in
the loyalty program. All are part of the compa-
ny's plan to help consumers embrace alternative
payment behaviors, stated Skrill CEO Lorenzo
Pellegrino. In addition to pricing and usage fees,
We’re More Than an Authorization consumers want to know which merchants will
accept their digital wallet and if the wallet serves
We’re The Best Solution For You and Your Merchants specific verticals, he added.
SEAA 2020 draws over 700—and counting

Necessity brought unexpected benefits to the
Southeast Acquirers Association this year. Due
to the COVID-19 pandemic, event organizers re-
invented the organization's annual conference
and expo, originally scheduled for May 2020 in
RETAIL/POS DEVELOPERS Miami. The event, which took place virtually on
June 15 and 16, not only drew record numbers of
attendees, but it is also still live. Many of the pre-
eCOMMERCE
sentations and demos remain available to those
who attended the virtual gathering, as well as to
those who register after the fact.
MOBILE QUICKBOOKS®
Merchants square off against Dorsey brands
Plus ePN offers customized, versatile services Square is making headlines for its revised mer-
to help you support your business chant account reserve policy, which it described
Contactless/NFC • EMV • Level III • Inventory • CDM • Bill Pay • Recurring Payments as a safeguard against escalating chargebacks
and refunds during the coronavirus pandemic.
Through our ePN Partnership, ISOs/MSPs will experience: Merchants who challenge the issue on Twitter
• No fee, lead distribution are being blocked by the social media platform,
• FREE online documentation, development test account, and sample code for according to New York Times journalist Nathaniel
experienced developers Popper, who reported that thousands of SMBs are
• FREE brandable marketing materials through our Reseller Support Center seeing Square hold back 30 percent of credit card
(800) 296-4810 • eProcessingNetwork.com revenues for 120 days as a hedge against refunds
and chargebacks.
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