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NewsBriefs

This article contains excerpts from news stories recently posted under Breaking Industry News on Mercedes rolls out
our homepage. For links to these and other full news stories, please visit www.greensheet.com/ in-car payments
breakingnews.php.
Mercedes-Benz partnered with Mas-
tercard to enable in-car fingerprint-
initiated online payments for its driv-
ers. The service, already offered in
PBC to certify compliant cannabis bankers collaboration with Visa, is now live
in Germany. Drivers can make secure
PBC's fourth annual conference for cannabis professionals wrapped up recent- digital payments at service stations
ly in Washington, D.C. and focused on payments, banking and compliance. throughout the country. The driver
CEO Joshua Radbod highlighted a growing need for compliance experts in the can view the amount spent on fuel
cannabis industry. To address this, the conference introduced the PBC Canna- and receive an email invoice after
bis Banking Certification Program, offering three certification levels. Radbod refueling. Plans are underway to ex-
emphasized the program's importance for financial institutions serving the tend the in-car fingerprint payments
cannabis sector. It will be beta-tested soon, with applications available online. to other vehicle-related services and
European markets.
Inflation ramps up digital spend, studies find
Payments revenues
J.D. Power's U.S. Consumer POS Payment Program revealed the resilience of setting records
digital commerce, with 55 percent of participating consumers indicating they
use digital payment methods. Debit cards are the most preferred at 78 percent, Global payments revenues experi-
followed by credit cards (66 percent), digital wallets (36 percent), and BNPL enced double-digit growth for the
(28 percent). In another study, Lightspeed found increased dining out despite second consecutive year, surpass-
rising prices, particularly in fine dining and fast-casual segments. While tip- ing $2.2 trillion in 2022, according to
ping remains robust at bars and fine dining establishments, it has declined for McKinsey & Co. While growth was
takeout and delivery orders, underlining the value of technology solutions to spread across several regions, the
streamline operations. Asia-Pacific region (excluding China)
stood out with a 25 percent increase
in payments revenues.

The firm's report, On the cusp of the
next payments era: Future opportuni-
ties for banks, also predicted that pay-
ments revenues will exceed $3 trillion
PAYMENT FORM GENERATOR by 2027. McKinsey expects future
growth will be driven by instant-pay-
ment innovations and a continued
decline in cash usage worldwide.
EASY TO USE: PayPal sued over

We Host Page anti-steering rules
PayPal is facing a class-action lawsuit
Pay Link that alleges the company stifles com-
petition through anti-steering rules.
Embed Code Plaintiffs call for an end to these rules,
claiming they restrict consumer pay-
Inventory ment choices and drive up costs. The
lawsuit, filed in the U.S. District Court
for the Northern District of Califor-
Level Ill nia, argues that PayPal's anti-steering
rules violate antitrust and consumer
ACH
ACH protection laws, and it seeks repay-
ments for consumers who have used
PayPal or Venmo since 2019. The suit
C A L L F O R T R A I N I N G also claims that PayPal's anti-steering
rules increase costs for all customers
8 0 0 - 2 9 6 - 4 8 1 0 of ecommerce sites that accept PayPal
and/or Venmo.

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