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Industry Perspectives on Mobile/Digital Wallets and Channel Convergence
Mobile Payments Industry Workgroup (MPIW) December 3-4, 2014 Meeting Report Industry Perspectives on Mobile/Digital Wallets and Channel Convergence Elisa Tavilla Payment Strategies Industry Specialist Federal Reserve Bank of Boston March 2015 The author would like to thank the speakers at the December meeting and the members of the MPIW for their thoughtful comments and review of the report. The views expressed in this paper are solely those of the author and do not reflect official positions of the Federal Reserve Bank of Boston, the Federal Reserve Bank of Atlanta, or the Federal Reserve System. I. Introduction The Federal Reserve Banks of Boston and Atlanta1 convened a meeting of the Mobile Payments Industry Workgroup (MPIW) on December 3-4, 2014 to discuss (1) different wallet platforms; (2) how card networks and other payment service providers manage risks associated with converging digital and mobile channels; and (3) merchant strategies around building a mobile payment and shopping experience. Panelists considered how the mobile experience is converging with ecommerce and what new risks are emerging. They discussed how EMV,2 tokenization,3 and card-not-present (CNP)4 will impact mobile/digital wallets and shared their perspectives on how to overcome risk challenges in this environment, whether through tokenization, encryption, or the use of 3D Secure.5 MPIW members also discussed how various tokenization models can be supported in the digital environment, and the pros and cons of in-app solutions from both a merchant and consumer perspective. With the broad range of technologies available in the marketplace, merchants shared perspectives on how to address the emergence of multiple wallets and the expansion of mobile/digital commerce. -
The Mastercard Compliant Service Provider List
The Mastercard Compliant Service Provider List A company’s name appears on this Compliant Service Provider List if (i) MasterCard has received a copy of an Attestation of Compliance (AOC) by a Qualified Security Assessor (QSA) reflecting validation of the company being PCI DSS compliant and (ii) MasterCard records reflect the company is registered as a Service Provider by one or more MasterCard Customers. The date of the AOC and the name of the QSA are also provided. Each AOC is valid for one year. MasterCard receives copies of AOCs from various sources. This Compliant Service Provider List is provided solely for the convenience of MasterCard Customers and any Customer that relies upon or otherwise uses this Compliant Service Provider list does so at the Customer’s sole risk. While MasterCard endeavors to keep the list current as of the date set forth in the footer, MasterCard disclaims any and all warranties of any kind, including any warranty of accuracy or completeness or fitness for any particular purpose. MasterCard disclaims any and all liability of any nature relating to or arising in connection with the use of or reliance on the Compliant Service Provider List or any part thereof. Each MasterCard Customer is obligated to comply with MasterCard Rules and other Standards pertaining to use of a Service Provider. As a reminder, an AOC by a QSA provides a “snapshot” of security controls in place at a point in time. Service Provider Name Region AOC Date Assessor DESV 1&1 Internet SE (1&1, 1&1 ipayment, Europe 05/09/2016 Security Research & Consulting GmbH ipayment.de) 1Link (Guarantee) Limited SAMEA 11/17/2015 Trustwave 1Shoppingcart.com (Web.com Group, lnc.) US 04/13/2016 SecurityMetrics 1stPayGateWay, LLC US 05/27/2016 IBM Internet Security Systems (ISS) 2138617 Ontario Inc. -
Acorn Rise PC Welcome Guide
Acorn Rise PC Welcome Guide Acornl II Welcome to the new Acorn Rise PC range! The Acorn Rise PC is the flagship of the new generation of Acorn computers; its innovative design and dual processor capability have already set new standards among personal computers. Now, the new upgraded Rise PC provides a host of improvements in performance, with the StrongARM processor available for the first time. Your computer is also easy to expand; you can upgrade and update the hardware and software yourself using standard upgrades available from your supplier. Your new computer is made to the same high standards of quality and reliability that Acorn users have come to expect. We value your comments and feedback, so please let your supplier know of any suggestions you have as to how we might improve our service to you - the Acorn Rise PC incorporates many such suggestions. Your supplier will also assist you should you ever feel dissatisfied with any aspect of our product or service -Acorn suppliers have full support from Acorn itself. To help us provide you with the best service, please complete and return the enclosed Owner Support Card. This enables us to keep our valued and growing family of users informed about new developments. You are not of course obliged to answer all the questions, should you prefer to leave any of them blank. The first part of this guide. GeWng started, introduces the computer; it explains how to connect it together and how to start using it. It doesn't matter if you've never used a computer before, the system is easy to use, and you need learn only a few simple techniques to get going. -
How Mpos Helps Food Trucks Keep up with Modern Customers
FEBRUARY 2019 How mPOS Helps Food Trucks Keep Up With Modern Customers How mPOS solutions Fiserv to acquire First Data How mPOS helps drive food truck supermarkets compete (News and Trends) vendors’ businesses (Deep Dive) 7 (Feature Story) 11 16 mPOS Tracker™ © 2019 PYMNTS.com All Rights Reserved TABLEOFCONTENTS 03 07 11 What’s Inside Feature Story News and Trends Customers demand smooth cross- Nhon Ma, co-founder and co-owner The latest mPOS industry headlines channel experiences, providers of Belgian waffle company Zinneken’s, push mPOS solutions in cash-scarce and Frank Sacchetti, CEO of Frosty Ice societies and First Data will be Cream, discuss the mPOS features that acquired power their food truck operations 16 23 181 Deep Dive Scorecard About Faced with fierce eTailer competition, The results are in. See the top Information on PYMNTS.com supermarkets are turning to customer- scorers and a provider directory and Mobeewave facing scan-and-go-apps or equipping featuring 314 players in the space, employees with handheld devices to including four additions. make purchasing more convenient and win new business ACKNOWLEDGMENT The mPOS Tracker™ was done in collaboration with Mobeewave, and PYMNTS is grateful for the company’s support and insight. PYMNTS.com retains full editorial control over the findings presented, as well as the methodology and data analysis. mPOS Tracker™ © 2019 PYMNTS.com All Rights Reserved February 2019 | 2 WHAT’S INSIDE Whether in store or online, catering to modern consumers means providing them with a unified retail experience. Consumers want to smoothly transition from online shopping to browsing a physical retail store, and 56 percent say they would be more likely to patronize a store that offered them a shared cart across channels. -
Is Payment Tokenization Ready for Primetime?
Is Payment Tokenization Ready for Primetime? Perspectives from Industry Stakeholders on the Tokenization Landscape Marianne Crowe and Susan Pandy, Federal Reserve Bank of Boston David Lott, Federal Reserve Bank of Atlanta Steve Mott, BetterBuyDesign June 11, 2015 Marianne Crowe is Vice President and Susan Pandy is Director in the Payments Strategies Group at the Federal Reserve Bank of Boston. David Lott is a Payments Risk Expert in the Retail Payments Risk Forum at the Federal Reserve Bank of Atlanta. Steve Mott is the Principal of BetterBuyDesign. The views expressed in this paper are solely those of the authors and do not reflect official positions of the Federal Reserve Banks of Atlanta or Boston or the Federal Reserve System. Mention or display of a trademark, proprietary product or firm in this report does not constitute an endorsement or criticism by the Federal Reserve Bank of Boston or the Federal Reserve System and does not imply approval to the exclusion of other suitable products or firms. The authors would like to thank members of the MPIW and other industry stakeholders for their engagement and contributions to this report. Table of Contents I. Executive Summary ................................................................................................................. 3 II. Introduction .............................................................................................................................. 4 III. Overview of Tokenization ...................................................................................................... -
Mobile Payment
Telecom & Media Viewpoint Mobile payment Is this the turning point? Mobile payment has been on the agenda of numerous players across industries for more than a decade. Now, with Apple Pay and Google Wallet launched and the markets equipping themselves, mobile payment may finally take off. Is this the turning point in developed markets? Mobile payment has taken off, but not in developed cashless societies early are still in a nascent stage. In Sweden, markets – until now for example, where cash payments decreased to 22% of total transactions, mobile payments still only represented 3% of Mobile payment has taken off on a global scale, accounting for transactions as of 2014. a total of 285 billion USD in 2014 and representing 7% of global A well-known success story in developed markets is the electronic transactions. Arthur D. Little expects these figures to Starbucks mobile payment app. The app was launched in 2011 continue growing at a fast pace, exceeding 800 billion USD and counted 12 million users in 2014, which the firm claimed by 2017. accounted for about 90% of US mobile payment transactions. Figure 1: Global m-payment value forecast [2013-17, bn USD] Other prominent examples are driven by Korea Telecom in South Korea and NTT DoCoMo in Japan. Nevertheless, success stories 823 in developed markets are mostly regionally bound and specific, such that they have not been replicated or extended on a global 605 scale. 426 Nonetheless, Arthur D. Little believes a turning point for mobile payment in developed markets is more likely than ever 285 188 before. -
January 2016 Innovation Grows Where Mpos Goes
JANUARY 2016 INNOVATION GROWS WHERE MPOS GOES The mPOS market in America alone is expected to grow at a CAGR of 51% during the forecast period 2016-2020. That’s largely contingent on prolific growth in the number of mobile phones and the payment methods it enables. However, the length and breadth of mPOS’ potential can be reached only if hardware innovation keeps up with software applications. Mobile point of sale is essential for growing micro- merchants, but the technology isn’t always accessible to them. Verifone’s latest platform could be a case in point to take innovation further and make it accessible where it matters. Erik Vlugt, VP of Global Products at Verifone, recently discussed with MPD CEO Karen Webster how Verifone plans to change the space with the recent release of its new e265 mPOS platform. e265 marks “a continued investment on Verifone’s part in mobile POS in general,” Vlugt said, calling it “one more product in our digital line.” “We are committed to the wonderful world of mPOS -- and that’s not going to change; we see huge growth there globally,” Vlugt added. In this particular case, as Vlugt explained, the e265 is based on a proven platform called the e355, which has been very successful with larger retailers in the market, especially in the integrated space. “We are now taking a lot of those same benefits and features to smaller segments as well,” said Vlugt. “The smaller segments typically have a Verifone payment terminal, which has served them well over time, but in some cases these merchants want to add more functionality to overall customer engagement including things they’re doing on tablets and handheld devices.” These sorts of engagement activities may include loyalty, other commerce applications, things with price checking and so on. -
Financial Technology Sector Overview of Market Activity in the Financial Technology Sector William Blair & Company
Quarterly Update Q1 2015 Financial Technology Sector Overview of Market Activity in the Financial Technology Sector William Blair & Company Financial Technology Sector – First Quarter 2015 Update M&A and capital markets activity remained strong during the first quarter of 2015, particularly in the United States. In fact, U.S. stock indices marked all-time highs during the quarter and deal-making activity continued its upward trajectory, propelled by improving confidence among consumers and corporate executives, low-cost credit, and record levels of cash. While market participants largely ignored the prospect of rising interest rates, a collapsing energy sector, global currency concerns, and continued economic uncertainty abroad, this could be an area of concern moving into the second quarter of 2015. One of the most prominent storylines within the financial technology sector in the first quarter was the escalating bets made on payments solutions by the likes of tech giants Apple, Google, and Samsung. The release of Apple Pay unilaterally raised the stakes across the industry and was a catalyst for a wave of high-profile announcements, including Samsung’s acquisition of LoopPay, Google’s acquisition of Softcard, and PayPal’s acquisition of Paydiant. Traditional payments providers are thus being further pressured to accelerate innovation and expand international reach, which has in turn refocused corporate strategies away from building domestic scale and vertical plays toward acquiring differentiated, earlier-stage, technology platforms with global capabilities. Global’s acquisition of Realex, Worldpay’s acquisition of SecureNet, and MasterCard’s acquisition of TNS’s gateway are recent examples of this trend, which we believe will be a significant driver of sector M&A activity going forward. -
Ugo Bechis E-Payment & SEPA Advisor to UBI Banca Former EPC CWG Chair - CSG Co-Chair
2016 The year of convergence of Market & Regulation Prepaid Summit Europe 2015 10.11.2015 - Milano Ugo Bechis e-Payment & SEPA Advisor to UBI Banca former EPC CWG Chair - CSG Co-Chair © 2010 Colt Telecom Group Limited. All rights reserved. 2016 - Market & Regulatory convergence The Retail commerce context & payment needs How the pre-paid impacts on new payment solutions Challenges , focus areas to be competitive EU Regulation - New degrees of freedom & opportunities Digital culture is more than tech innovation Ugo© Bechis2010 Colt Telecom Group Limited. All rights reserved. The (e)Commerce ecosystem - what Retailers want The new Retail model Convergence of in-Store and in-App Mobile as a way to attract / retain / sell (geo-location , offers , loyalty) Retailers goals : To close the sale, get paid ; no abandonment (30%) No friction : easy , quick , intuitive The “one button” trx (1 click to buy & pay , in-App) Retailers “mobile powered” sales process Mobile Paym Apps use friendy & “open” to payment/non-payment (eg: loyalty) , decupled Ugo©Bechis 2010 Colt Telecom Group Limited. All rights reserved. Mobile powered in-store/in-App convergence “In-APP” emulation of the in-store processes geo-localization , in-store to in-cloud , in-App emulation , e-Comm /e-Paym The “mobile powered” customer interaction Attract : geo-localization + beacons + sales incentives Retain : giving a in-store “enhanced” experience by emulating in-App the physical interaction Buy : Loyalty/Fidelity cards in-wallet , decupled Buy & Pay : user friendly Mobile Apps - “one click” trx Ugo© Bechis2010 Colt Telecom Group Limited. All rights reserved. Payment solutions : too much choice = no choice ... Ugo Bechis© 2010 Colt Telecom Group Limited. -
Tokyo 100Ventures 101 Digital 11:FS 1982 Ventures 22Seven 2C2P
Who’s joining money’s BIGGEST CONVERSATION? @Tokyo ACI Worldwide Alawneh Exchange Apiture Association of National Advertisers 100Ventures Acton Capital Partners Alerus Financial AppBrilliance Atlantic Capital Bank 101 Digital Actvide AG Align Technology AppDome Atom Technologies 11:FS Acuminor AlixPartners AppFolio Audi 1982 Ventures Acuris ALLCARD INC. Appian AusPayNet 22seven Adobe Allevo Apple Authomate 2C2P Cash and Card Payment ADP Alliance Data Systems AppsFlyer Autodesk Processor Adyen Global Payments Alliant Credit Union Aprio Avant Money 500 Startups Aerospike Allianz Apruve Avantcard 57Blocks AEVI Allica Bank Limited Arbor Ventures Avantio 5Point Credit Union AFEX Altamont Capital Partners ARIIX Avast 5X Capital Affinipay Alterna Savings Arion bank AvidXchange 7 Seas Consultants Limited Affinity Federal Credit Union Altimetrik Arroweye Solutions Avinode A Cloud Guru Affirm Alto Global Processing Aruba Bank Aviva Aadhar Housing Finance Limited African Bank Altra Federal Credit Union Arvest Bank AXA Abercrombie & Kent Agmon & Co Alvarium Investments Asante Financial Services Group Axway ABN AMRO Bank AgUnity Amadeus Ascension Ventures AZB & Partners About Fraud AIG Japan Holdings Amazon Ascential Azlo Abto Software Aimbridge Hospitality American Bankers Association Asian Development Bank Bahrain Economic Development ACAMS Air New Zealand American Express AsiaPay Board Accenture Airbnb Amsterdam University of Applied Asignio Bain & Company Accepted Payments aircrex Sciences Aspen Capital Fund Ballard Spahr LLP Acciones y Valores -
Why Merchants Keep Failing to Protect Card Data Fines
May/June 2018 www.isoandagent.com Why merchants keep failing to protect card data Fines. Bad publicity. Class actions. Are any of these penalties severe enough to stop data breaches? 001_ISO050618 1 4/24/18 4:16 PM Your Payment Partner of Choice E800 E500 E600 A920 Smart Retail Solutions Introducing PAX’s new Smart Retail Solutions. Sleek designs that make them look more like a tablet than a payment terminal. PAX has launched an application management platform for resellers and partners to manage applications with the PAX Smart Retail Solutions. US Headquarters: Regional O ce: 4901 Belfort Road, Suite 130 40 West Baseline Road, Suite 210 Jacksonville, FL 32256 Tempe, AZ 85283 +1-877-859-0099 | [email protected] +1-877-859-0099 | [email protected] © 2017 PAX Technology Limited. All Rights Reserved. PAX’s name and PAX’s logo are registered trademarks of PAX Technology Limited. All other products or services mentioned in this advertisement are trademarks, service marks, registered trademarks or registered service marks of their respective owners. pax-smart-retail-iso&agent.indd002_ISO050618 2 1 4/23/20184/23/18 5:10:10 8:02 AMPM Contents 10 Why merchants fail to protect data Are the incentives for protecting card data so lopsided that merchants feel little need to do more? Or is it wrong to ask merchants to fix the faults in a payment card ecosystem they had little hand in creating? Processing Cards Processing 04 14 20 An African startup builds on bitcoin A cryptocurrency debit card looks Why Verifone needs to be taken Bitpesa’s founder saw bitcoin as the next past the card networks’ limits private, despite its turnaround big thing, and stuck with her plan even The idea of a crypto debit card has been Verifone has worked hard to recover as the craze around cryptocurrencies done before — and in some cases, has from its self-inflicted wounds. -
2021 Annual Conference Registration Roster 8
MAG 2021 Annual Conference Registration Roster This list is not to be distributed or reproduced outside the MAG. Registrations as of 9/17/2021 ATTENDEE TYPE COMPANY FIRST NAME LAST NAME TITLE In Person [24]7.ai Jeff Meyers Account Executive In Person [24]7.ai Storm Stonestreet Strategic Account Executive In Person 7-Eleven, Inc. Michael Silver Digital Payments - Credit Card Fraud Data Analyst In Person ACI Worldwide Keith Bryant Sr. Account Executive, Petroleum Customer Success In Person ACI Worldwide Dan Coates Solution Evangelist - Omni-Commerce In Person ACI Worldwide BRYAN CROTEAU Executive Consultant In Person ACI Worldwide James Harrison Sr. New Business Development In Person ACI Worldwide Brad Kireta Sr. New Business Developer, Petroleum Fuel In Person ACI Worldwide Bobby Koscheski Director, Solutions Consulting In Person ACI Worldwide Spencer Lewis Sr. New Business Development In Person ACI Worldwide Tommy McDeermond Sr. New Business Developer In Person ACI Worldwide Dennis Odiwo Product Manager In Person ACI Worldwide Mike Pitura Sr. New Business Developer In Person ADT Security Grant Olson Payments Strategy and Assurance In Person ADT Security Ryan Sadorf Director, Finance & Treasury In Person ALDI Jeffrey Luna National Projects Director In Person ALDI Teresa Turner Retail Payments Manager In Person Alon Brands, Inc. Jason Burger Senior Payment Services Analyst In Person Alon Brands, Inc. Holly Roldan Senior Manager, Payment Card Services In Person Amdocs Leslie Ragojo Customer Business Executive In Person Amdocs Inc Sridhar Gajula Director Sales and Architecture In Person American CryptoFed, Inc. Marian Orr CEO In Person American CryptoFed, Inc. David Tcheau Lead Control Engineer In Person American CryptoFed, Inc.