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IndustryUpdate

Star Micronics salutes BlueStar

Star Micronics named BlueStar Distributor of the Year
for the 2020 fiscal year. This recognition is given to the
distributor who demonstrates an unparalleled level of
year-to-year growth and performance within the resell-
er business development market. "BlueStar remains
a dynamic participant in Star's vision and success,"
said Christine Duffy, director of distribution at Star
Micronics. "As we continue to manufacture innovative
ANNOUNCEMENTS solutions, BlueStar in turn continues to surpass expecta-
tions and support the reseller channel with advanced
ETA issues guidance on CBDC technology solutions, superior sales support, and ser-
vices that exceed the growing demand of the market."
The Electronic Transactions Association released 7
Guiding Principles for CBDC to help guide creation of RESEARCH
a U.S. central bank digital currency (CBDC). The ETA
said it believes any proposed CBDC should be mea-
sured against a common set of principles. As the fed- ARKOS Labs finds spike in human-bot attacks
eral government assesses a potential CBDC, it should Arkose Labs released data on the latest fraud trends
carefully consider these principles and ensure that any that indicated an increase in human-bot hybrid attacks.
proposal best serves the needs of consumers, furthers The Q2 Arkose Labs Fraud and Abuse Report also noted an
financial inclusion, preserves and strengthens the finan- uptick in fraud originating from North America, with
cial system, and ensures that consumers continue to the U.S. and Russia vying for the top spot in attack
have access to a robust and innovative array of secure origination. The year started off busy, with heightened
banking and payment options, the association stated. attack volumes carrying over from the end of 2020,
Download the guidance at www.electran.org/wp-content/ Arkose stated, adding that by the first quarter's mid-
uploads/2021-ETA-7-Guiding-Principles-of-CBDC.pdf. point attacks dropped off in most industries—except
Paysafe, AWS to drive cloud services for technology and media/streaming. Arkose detected
5 million attacks daily during the first half of the quar-
Specialized payments platform Paysafe signed a mul- ter; the overall attack rate dropped significantly as the
tiyear, global agreement with Amazon Web Services as quarter went on, from a peak of more than 30 percent of
part of its strategy to become a fully cloud-based pay- sessions being identified as malicious down to a more
ments provider. Through this collaboration, Paysafe is manageable 17 percent.
migrating its portfolio of mission critical workloads—
including eCash solutions, paysafecard and paysaf- SMBs relied on digital in 2020, ETA/TSG find
ecash, and its digital wallets, Skrill and NETELLER—to A new survey of small and midsize businesses (SMBs)
AWS to develop new cloud-native merchant payment conducted by the Electronic Transactions Association
and consumer wallet products for its business and con- and The Strawhecker Group found that 43 percent of
sumer customers. SMBs see digital payments as more important to their
PCI SSC updates Secure Software Standard businesses now than before the COVID-19 pandemic.
As SMBs begin to recover, 38 percent report an increase
The PCI Security Standards Council published version in sales since the beginning of the pandemic, fewer
1.1 of the PCI Secure Software Standard and its sup- SMBs are experiencing a decrease in sales (38 percent
porting program documentation. The standard is part in 2021 versus 47 percent in 2020). Conducted in April
of the PCI Software Security Framework (SSF). PCI 2021, the survey revealed a notable shift in the ways
Secure Software requirements provide assurance that consumers pay for goods and services. Digital wallets,
payment software is designed, engineered, developed now accepted by 44 percent of SMBs, are the third most
and maintained in a manner that protects payment common way to pay after credit/debit cards (70 percent)
transactions and data, minimizes vulnerabilities, and and cash (64 percent).
defends itself from attack. Version 1.1 introduces the
Terminal Software Module, a new security requirements Mercator reports on BNPL lending
module for payment software intended for deploy- Mercator Advisory Group released a report covering the
ment and operation on PCI-approved PIN Transaction Buy Now, Pay Later (BNPL) lending model, titled Buy
Security Point-of-Interaction devices. Software intended Now, Pay Later: Gaining Scale and Disrupting the Status
for deployment and operation on other platforms is not Quo in Lending. The research explains the current mar-
affected by the new requirements. ket; discusses the strengths, weaknesses, opportunities
and threats to fintech; and explains the business and
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