The Green Sheet Online Edition
September 9, 2018 • 18:09:02
News Briefs
Faster payments growing, NACHA poised to help <- click to read full story
The U.S. market is moving closer to a faster payments environment. A new report from Mercator Advisory Group projects $255 billion will be sent this year via faster payments initiatives available in the U.S. The projection represents just a fraction of total payments – in 2017 the top five card acquirers in the United States saw nearly $4 trillion in credit and debit card payments; ACH payments topped $46 trillion.
PCI SSC unveils new security guides for SMBs <- click to read full story
The PCI Security Standards Council recently unveiled the PCI Data Security Essentials Evaluation Tool. Council members said the solution is designed to simplify security for small business owners. Citing Verizon's 2018 Data Breach Investigation Report, the council said small and midsize merchants accounted for 61 percent of all data breaches in 2017.
Mobile payments shifting to software-based biometrics <- click to read full story
The biggest shift in mobile payments security over the next five years will be toward software-based biometrics, according to Juniper Research. A new report from the research and analytics firm predicts smartphone users relying on biometric security will balloon by 250 percent between now and 2023, when the total will exceed 1.5 billion users worldwide.
Road to security paved with self-regulation, ETA says <- click to read full story
The new Electronic Transactions Association's Self-Regulation Program is the ETA's latest bid to formalize best practices across diverse service providers. The global trade association designed the initiative to improve security and reduce risk by officially recognizing companies that adhere to industry best practices. Jason Oxman, CEO of the ETA, has long avowed that payments industry stakeholders are principled technology providers that go above and beyond minimal compliance standards.
Toshiba, Ingenico to launch co-branded retail solution <- click to read full story
Ingenico Group recently participated in a joint presentation with Toshiba Global Commerce Solutions at Toshiba's annual partner conference. The event showcased innovative trends in consumer behavior and commerce technology from new entrants and leading global brands. During the conference, Toshiba and Ingenico disclosed near-term plans to launch a co-branded retail solution, following a lengthy discovery process.
Mobile banking startup snags fintech bank charter <- click to read full story
The Office of the Comptroller of the Currency, the Treasury Department agency that oversees national banks, announced in late July that would begin accepting applications for "special purpose" charters from fintech firms. Just over a month later, Varo Money Inc. announced it had received a preliminary okay for an OCC charter, putting Varo Bank N.A. on track to become the first all-mobile national bank in the country. 
Editorial Note: Following are excerpts from news stories recently posted under Breaking Industry News on our home page. For links to these and other full news stories, please visit www.greensheet.com/breakingnews.php?flag=previous_breaking_news.
Whether you want to upgrade your POS offerings, find a payment gateway partner, bone up on fintech regs or PCI requirements, find an upcoming trade show, read about faster payments, or discover the latest innovations in merchant acquiring, The Green Sheet is the resource for you. Since 1983, we've helped empower and connect payments professionals, starting with the merchant level salespeople who bring tailored payment acceptance and digital commerce tools, along with a host of other business services to merchants across the globe. The Green Sheet Inc. is also a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals.
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