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NewsBriefs






        Following are excerpts from news stories recently posted under Breaking Industry News on   "This measure will help avoid discrimina-
        our home page. For links to these and other full news stories, please visit www.greensheet.  tion against our most vulnerable citizens
        com/breakingnews.php?flag=previous_breaking_news.                     who are unbanked/underbanked and
                                                                              must rely upon cash as their sole means
                                                                              of payment," stated Bruce Renard, execu-
                                                                              tive director of the National ATM Council
                                                                              Inc. "The new law will also help protect
                                                                              important privacy rights for all Americans
        Twitter jolted by massive attack, mentions of Bitcoin soar            regarding their personal purchasing deci-
                                                                              sions and choices."
        Fraudsters hacked into a large swath of prominent U.S. Twitter users' ac-
        counts on July 15, 2020, posting scam fundraising requests or other traps   Flywire, BOSSA expand cross-border
        involving Bitcoin. Posts appeared for a few minutes and then disappeared   tuition payments in China
        and, in some cases, were replaced by other fraudulent posts in rapid suc-  Flywire,  a  vertically  focused  payments
        cession. Major interruptions to service occurred while Twitter addressed
        the issue. Several media organizations reported this could be the worst   solution provider, disclosed July 21, 2020,
                                                                              that it partnered with the Beijing Over-
        hack thus far of a major social media platform. The text of the Tweets var-
        ied, but the objective to dupe people into lining criminals' Bitcoin wallets   seas Study Service Association to provide
                                                                              cross-border tuition services to schools,
        was the same.
                                                                              recruitment agents and Chinese students
        Support for cash growing in Congress                                  traveling abroad. The partnership expands
                                                                              on Flywire's ongoing work with  educa-
        The Payment Choice Act of 2019, which was introduced in the House on   tion recruitment agents in China, many of
        May 5, 2019, is gaining bipartisan support in Congress, most recently with   whom are BOSSA members, according to
        companion bill S-4145, introduced July 1, 2020, by U.S. Senators Kevin   Sharon Butler, executive vice president of
        Cramer, R-N.D., and Bob Menendez, D-N.J. Designed to protect U.S. cur-  education at Flywire.
        rency as a viable payments option, the bills prohibit merchants from en-
        acting cashless policies, posting anti-cash signage and surcharging cash   PCI SSC boosts women
        transactions.                                                         in cybersecurity
                                                                              The PCI Security Standards Council began
                                                                              a one-year blog series in January 2020 de-
                                                                              signed to improve gender diversity in the
                                                                              payment security profession. Year to date,
                                                                              the following on-camera and text version
                                                                              interviews with industry leaders have
                                                                              been posted to PCI Perspectives on the PCI
                                                                              SSC website, www.pcisecuritystandards.org.

                                                                              Stacy Hughes, senior vice president, IT
                                                                              governance,  risk  and  compliance,  Global
                                                                              Payments  Inc.;  Amy  Zirkle,  payments
                                                                              and deposits program manager for the
                                                                              Consumer Financial Protection Bureau
                                                                              and  former vice  president,  industry  af-
                                                                              fairs, Electronic Transactions Association;
                                                                              Marie-Christine Vittet, data compliance
                                                                              manager, Accor Group; Tracey Long, head
                                                                              of strategy and subject matter expert, PCI
                                                                              standards programmes, Worldpay from
                                                                              FIS; Julie Quandt, senior manager, pay-
                                                                              ment services data security, Discover Fi-
                                                                              nancial Services; Diane Rogerson, man-
                                                                              aging director, technology controls and
                                                                              cybersecurity, JPMorgan Chase; and Lisa
                                                                              Conroy, senior leader, merchant and part-
                                                                              ner compliance, Worldpay from FIS.





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