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NewsBriefs

This article contains excerpts from news stories recently posted under Breaking Industry News on stallments. It's an interest-free loan,
our homepage. For links to these and other full news stories, please visit www.greensheet.com/ as long as the borrower keeps up
breakingnews.php. with payments, which usually post
to their debit cards or get pulled di-
ETA honors Celero Commerce, Homebase, NCR Corp. rectly from their checking accounts.
The 2021 ETA Star Awards, presented at the Electronic Interest in BNPL has grown during
Transactions Association's Strategic Leadership Forum, the pandemic, with cash-strapped
held Sept. 27 to 29, 2021, recognized leading payment consumers drawn to the ease of pay-
brands for highly adept approaches to business continuity ing over time without adding costs or
during COVID-19. fees.
FDIC, EMVCo measures
Award recipients Celero Commerce, Homebase and NCR Corp. were nimble, address emerging threats
flexible and adaptive, stated Jodie Kelley, chief executive officer at ETA. "It was
a pleasure to acknowledge the ETA Star Award – Response to COVID-19 hon- Escalating threats posed by third-
orees for the important work they did to adapt and help their customers engage party service providers and emerg-
in commerce in new ways and to support their employees and their communi- ing technologies have prompted gov-
ties during the pandemic," she stated. erning bodies EMVCo and the FDIC
Mastercard joins BNPL bandwagon to reassess risk mitigation and secu-
rity strategies, according to recent re-
Mastercard is throwing its clout behind buy now pay later (BNPL). It launched ports.
a new platform that allows banks and other lenders, as well as mobile wallet
developers, to offer BNPL wherever Mastercard is accepted. BNPL is a bur- EMVCo's updated 3DS software and
geoning market that traces its origins to two 20th century phenomena: install- the FDIC's request for comment on
ment payments and layaway plans. But rather than having to pay in full prior third-party risk management reflect
to taking possession of purchases, BNPL customers take instant possession emerging omnichannel and interop-
then pay for their purchases over time, generally in weekly or bi-monthly in- erability trends in ecommerce and
financial services, financial experts
noted. EMVCo's enhanced 3DS ver-
sion 2.3 expands support across digi-
tal channels and offers card-issuer
tools designed to quickly identify
fraud, stated Robin Trickel, executive
committee chair at EMVCo.

Cryptocurrency gaining
traction, TSG finds

Cryptocurrency is emerging from
the shadows, according to The Crypto
Divide, published Oct. 6, 2021, by The
Strawhecker Group. Researchers sur-
veyed 600 SMB owners about their
thoughts on cryptocurrency accep-
tance and found perceptions ranged
from low awareness to rejection,
noted Jared Drieling, senior director
of market intelligence and insights at
TSG.

"We found that merchants that do
not accept crypto have a variety of
nuanced reasons," Drieling said.
"Some are closed off to the payment
method entirely and see it as
something only used by criminals.
Others had a low awareness of the
payment method in general but might
be open to it should their customers
start asking about it."

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