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NewsBriefs

This article contains excerpts from news stories recently posted necessitate advanced approaches to security and
under Breaking Industry News on our homepage. For links to these compliance, stated Geoff Forsyth, chief information security
and other full news stories, please visit www.greensheet.com/break- officer at PCI Pal. "Even for the most prepared, COVID-19
ingnews.php. likely threw a wrench in payment providers' data privacy
and security plans," Forsyth said in an interview with The
Touchless commerce Green Sheet. "Many were ill-equipped for the transition
here to stay to remote working, especially when it came to keeping
customer data secure." Forsyth advised companies to take
Results of a survey just released by a strategic approach to privacy compliance that considers
consumer research firm Piplsay in-office and remote workers. Plans should span all levels
revealed that for 51 percent of an organization and allow time for a comprehensive
of Americans, preferences for review process, he stated.
touchless technologies have increased amid the pandemic.
Perhaps even more striking, 82 percent of U.S. consumers IBM, MC, Saudi Payments build
surveyed said they expect businesses to continue adopting instant commerce network
touchless technologies once the pandemic subsides, and
40 percent said they have negative views of businesses April 21, 2021, marked the official launch of "sarie," an
that do not adopt touchless technologies. instant payment system built by Saudi Payments in
partnership with IBM and Mastercard and supervised by
"The changes we see now will likely continue well past the the Saudi Central Bank. Designed to enhance the Kingdom
pandemic as safety and health take on a more profound of Saudi Arabia's payments ecosystem, the service brings
meaning," said Trupti Rane, consumer insights manager instant payments to Saudi banks throughout the region,
at Piplsay. according to project managers. Fahad Al-Akeel, managing
director at Saudi Payments, described the project as a
Plan for compliance, PCI Pal CISO advises huge step forward that will "help lay the foundation for
new payments business initiatives, encouraging financial
High-profile data breaches, emerging data privacy inclusion and banking reconciliation of Saudi banks," he
regulations and rapid digital commerce deployments
said in a statement. "We welcome this
momentous collaboration with IBM
and Mastercard."
Visa, Mastercard make way for
cryptocurrencies
Visa and Mastercard are making way
for crypto-payments on their networks.
Visa launched a pilot program
that bridges digital and traditional
currencies by using USD Coin, a
stablecoin cryptocurrency backed by
the U.S. dollar, to settle transactions
on its network using Ethereum, an
open source blockchain technology.
Anchorage, the first federally chartered
digital asset bank, is the exclusive
digital currency settlement partner for
the pilot.

Meanwhile, Mastercard formed a
partnership with ConsenSys, a software
engineering firm that provides tools
and services to support Ethereum.
While Mastercard is not ready to fully
support cryptocurrency transactions,
Raj Dhamodharan, executive vice
president for blockchain and digital
asset products and partnerships at
Mastercard, suggested that crypto
settlements are in the cards.

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