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NewsBriefs

Following are excerpts from news stories recently posted under Breaking Industry News on our "Fraudsters are targeting higher val-
home page. For links to these and other full news stories, please visit www.greensheet.com/break- ue items like electronics and luxury
ingnews.php?flag=previous_breaking_news. brand names, especially within new-
er channels such as curbside pick-up
and in-parking lot pickup," she said.
"We continue to see a huge increase
above industry averages in eCom-
merce sales year over year."
Green Sheet interviews Jennifer Sherman, NMI Payments shine on Inc. 5000

Jennifer Sherman, senior vice president of product at NMI, recently shared despite pandemic
with The Green Sheet her expertise on the nature and use of QR codes. In this Inc. Media's 2020 portfolio of 5,000
interview, she discusses the advantages and disadvantages of QR codes, their
growing use during the COVID-19 pandemic, challenges merchants have high-ranking U.S. businesses in-
cludes numerous payments and fi-
overcome to bring them online, and more.
nancial service companies. To make
Fraud spikes amid COVID-19 surge the cut, the privately held companies
must have been established and earn-
The escalating coronavirus pandemic is empowering cybercriminals ing revenue by March 31, 2016, and
everywhere, according to new studies by ACI Worldwide and OneSpan. reached at least $2 million in annual
Payments analysts noted that ecommerce has grown exponentially as physical revenue in 2019. Inc. representatives
businesses around the world remain shuttered; they also acknowledged noted that this global recognition can
current conditions have been a breeding ground for criminal activity. Debbie help honorees drive brand awareness
Guerra, executive vice president at ACI Worldwide, observed that criminals and attract talent.
are exploiting the card-not-present space, especially buy online/pick up in store
and click-and-collect payment methods. "[The] global recognition that comes
with inclusion in the 5000 gives the
founders of the best businesses an
opportunity to engage with an exclu-
sive community of their peers, and
the credibility that helps them drive
REIMAGINE THE ART OF USAEPAY.COM sales and recruit talent," Inc. wrote.
866-570-2051
"The associated Inc. 5000 Conference
TRANSACTION is part of a highly acclaimed portfolio
of bespoke events produced by Inc."
M
E-COMMERCE
MOBILEOBILE
RETAIL
Chargeback Gurus pans Square's
chargeback protection
With chargebacks spiking during the
COVID-19 pandemic, payments ana-
lysts are questioning the true price
of Square Inc.'s free chargeback pro-
tection program. While designed to
protect small and midsize business
(SMB) owners from expensive, time-
consuming chargeback management,
the program deprives merchants
from effectively challenging disputes
and inquiries, according to experts at
Chargeback Gurus Inc., a chargeback
solutions and remediation service
provider.

This lack of control could impact
chargeback ratios and increase loss-
es, they noted, adding that Square's
chargeback plan covers only $250
per month in losses, which could be
a problem for high-ticket sellers.

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