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NewsBriefs

This article contains excerpts from news stories recently posted under noted the bill, if passed, will require all brick-and-mortar
Breaking Industry News on our homepage. For links to these and other businesses to allow consumers to pay cash for goods and
full news stories, please visit www.greensheet.com/breakingnews.php. services priced up to $2,000. The PCA was passed by the
U.S. House of Representatives on June 16, 2022, in a 224 to
198 vote before it moved to the Senate, where it continued
to gain broad bipartisan support after vigorous lobbying
efforts by the Consumer Choice in Payment Coalition,
legal analysts and the National ATM Council Inc.

Bruce Renard, executive director of NAC, thanked Maxine
Waters, D-Calif., chair of the House Financial Services
Committee; HR-4395 co-sponsors Reps. Donald Payne Jr.,
D-N.J., Chris Smith, R-N.J., and Sylvia Garcia, D-Texas; and
other House members for supporting the measure.
Researchers, fintechs find help amid high inflation
The metaverse angles to be new retail channel
While consumers and small business owners are feeling
inflation's pinch, there are fewer Chapter 11 filings this Could the metaverse be the next frontier for retail
year compared to last year, according to new research payments? It's beginning to look that way. According to
by Epiq Bankruptcy and ABI Research. However, Chris a new report, about one in five Americans have already
Kruse, senior vice president at Epiq, said, "Turbulence in made at least one purchase in the metaverse, and another
the market including inflation concerns, labor shortages 20 percent are planning to do so. Not surprisingly, younger
in key industries, and a downward shift in housing prices Americans are more inclined to shop the metaverse, but
all point toward increases in the months ahead," he said. their elders are not far behind. The report comes from
CouponFollow, a consumer savings engine that helps
Meanwhile, the fintech community is fulfilling the legacy online shoppers find coupons to apply to their purchases.
of popular television host Fred Rogers, who would remind
his audience to look for helpers during challenging times. The company surveyed 1,066 Americans about their
Afshin Yazdian, CEO of Paysafe, U.S. Acquiring, advised sentiments about shopping in the metaverse. Those
service providers and merchants to focus on the customer identified as Gen Z (born from 1996 to 2015) are most
experience. "Payment providers can help merchants enamored by the idea: 71 percent either have or are
enhance value by adopting the latest tech which not only planning to shop in the metaverse. Among baby boomers
processes payments but also offers access to tools and (1946 to 1964) it's 40 percent; 59 percent of Gen X consumers
data," he said. (1965 to 1976) and 63 percent of millennials (1977 to 1995)
have shopped or are planning to shop in the metaverse.
Payments Choice Act wins secondary vote
MPC22 event to explore 'currency of change'
The Payment Choice Act (PCA) will live to fight another
day: Congress voted on July 14, 2022, to add PCA to the Following two years of virtual conferences, registration
National Defense Authorization Act. PCA supporters is open for MPC: The Digital Commerce Event, to be
held Aug. 22 to 24, 2022 at the Westin Atlanta Perimeter
North. The live conference will bring a diverse cohort of
Call me today! fintech, banking, security and payments industry leaders
Let me help you to Atlanta's Transaction Alley, which is home to numerous
with your leading fintech and financial services brands, event
planners noted.
advertising
success. Marla Ellerman, executive director at MPC, thanked
sponsors, exhibitors, speakers and attendees for their
707-284-1693 support over the past 11 years, and noted MPC22's theme
is The Currency of Change. Presentations featuring
thought leaders and decision-makers in our space will
celebrate ever-changing trends, payment flows and the
future of digital commerce, she added. Ellerman shared
that the industry leaders taking the main stage at MPC22
will include Barry C. McCarthy, CEO of Deluxe Corp.;
Shane Logsdon, director, product – developer experience
R R ick Aston at Heartland; Nick Hughes, Head of Growth for GoCart;

Senior Media Partnership Specialist and more.
Rick@greensheet.com
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