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Innovate Now
What’s All the Buzz with Faster Payments?
Nov 21, 2024In the last year, the Federal Reserve’s launch of faster payments has generated significant media coverage. Additionally, there has been notable activity in the retail space regarding faster payments. What is this all about and where might faster payments be headed in the future?
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Conference Update
MAG Payments Conference 24 – A Thriving Gathering of Industry Peers
Nov 12, 2024Thank you to all who attended our inaugural rebranded MAG Payments Conference 24! The event brought together a diverse group of payments industry professionals who were eager to connect, share insights, and learn about industry trends.
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Policy Perspective
States Step In: Tackling Interchange on Sales Tax
Oct 10, 2024In recent years, multiple state legislatures have begun looking at how interchange is calculated and charged to merchants. One issue gaining attention is interchange fees being applied to the sales tax portion of transactions. Since most interchange fees are percentage-based, the total fee increases with the sales tax—despite merchants only collecting this tax to remit it to the government.
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Payments Technology
The Promise Of Low Code/No Code Platforms In Merchant Payments
Oct 7, 2024Low-code/No-code (LCNC) platforms allow applications, analytics, and data transformations to be “coded” by people who are not software engineers. Financial services and payments companies that leverage LCNC platforms across their technology footprint see rapid returns as the platforms mature. Read about three LCNC platforms available now.
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Advancing Payments
The Power of Collaboration
Sep 26, 2024Stakeholders working together to achieve a common goal, or outcome is one of the core tenets of the Merchant Advisory Group’s (MAG) mission and a cornerstone of effecting positive change in the payments ecosystem. Our merchant members gravitate to the various forums within the MAG, which provide them the opportunity to collaborate with various stakeholders, including the card brands, acquirers, service providers, and other merchants.
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CEO Update
The Changing Role of Merchants in Payments
Sep 12, 2024When I began my career in payments, I remember the very first meeting I attended was with a collaboration group. The Federal Reserve of Minneapolis hosted it, and the subject was check fraud. Yes, I have been in the industry that long. In that discussion, I was surrounded by all the various people who supported the check infrastructure, but I was the only representative from the merchant payments side. As the conversation went around the room, I heard all the participants weigh in with the various theories on reducing check fraud. To my amazement, the conversation was around the number of assumptions being shared as if it was the merchant perspective. When my turn came around, I spent the first part of my discussion dispelling half of the things that were said with the real experience of the merchant/customer interaction before I could even get to the truth of what might be done to eliminate the fraud.
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Sponsorship Update
Navigating Sponsorship Options: Annual, Tech Forum, and Conference Sponsorships
Jul 31, 2024Over the years, the MAG has grown from a small group of individuals meeting to address the needs of merchants within the payments ecosystem, to an international organization that engages with merchants and payments industry service providers from across all verticals through our two annual conferences, webinars, committees, SIGs and more. The MAG has also expanded our sponsorship program since its inception. Below I break down the differences between the three sponsorship opportunities that the MAG offers.
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International Perspective
MAG Payments Summit, London 2024
Jul 22, 2024The Merchant Advisory Group's inaugural MAG Payments Summit-London 24, held on June 10-12, was an extraordinary event! Despite having no merchant or sponsor engagement until November 2023, the summit's success exceeded all expectations.
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Education
The MAG’s Latest Microlearning Course, “Brand Release Essentials” Now Available
Jul 22, 2024The Merchant Advisory Group is excited to announce the launch of our latest microlearning course, "Brand Release Essentials," as part of our ongoing commitment to providing valuable learning opportunities in payments.
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Membership Update
Are You Taking Advantage of Your Member Benefits?
Apr 15, 2024The MAG offers a wide variety of benefits to its merchant members – from committees to conferences, advocacy, education, and more, and we want to ensure that you are maximizing your benefits to get the most out of your membership.
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Board Member Corner
Turbocharging 2024: A Perspective from the New Kid on the Board
Mar 7, 2024I have had the honor of being engaged with the MAG through many different job titles… merchant member, SIG leader, Committee co-chair, MAG staff member, and now Board Member. Through all those titles and phases of my own professional life, what I have learned about payments can be directly tied back to the experiences, connections, people, formal and informal conversations, and education that I’ve received through engagement with the MAG organization.
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MAG MEMBER HIGHLIGHT
Don’t Get Smoked Combating Fraud This Holiday Season
MAG SPONSOR HIGHLIGHT
Arcot, Payment Security Division Broadcom — Optimizing 3-D Secure to Improve Authorization Rates for eCommerce
NEWS FROM OUR SPONSORS.
Nov 22, 2024
TreviPay — TreviPay Embeds Dynamic Trade Credit Application into B2B Buyer Onboarding Process
Nov 22, 2024
ACI Worldwide — ACI Worldwide Scamscope Projects APP Scam Losses to Hit $7.6 Billion by 2028
Nov 22, 2024
Juspay — How can AI Ops solve payment cost observability for merchants?
Nov 18, 2024
American CryptoFed DAO LLC — Trump Presidency Gives Hope To Crypto Community In Wyoming
Nov 18, 2024
Optimized Payments, Inc. — Optimized Payments Completes SOC 2, Type 1 Audit, Strengthening Commitment to Data Security and Privacy
Nov 18, 2024
BNY — BNY and Kanexa Collaborate to Deliver Open Account Automation Solution
Nov 18, 2024
Splitit — Nearly 40% of Shoppers Plan to "Treat Themselves" Using Pay Later Options This Holiday Season, New Splitit Study Finds
Nov 18, 2024
Fiserv — Fiserv Delivers Embedded Finance to DoorDash Crimson Program
Nov 8, 2024
U.S. Faster Payments Council — The Role of Digital Ledger Technology in Core Banking Functions
MAG INSIGHTS
View past newsletter articlesMEET OUR NEW MEMBERS
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A comprehensive global provider of cloud-based human capital management (HCM) solutions that unite HR, payroll, talent, time, tax and benefits administration and a leader in business outsourcing services, analytics and compliance expertise.
- The Washington Post
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EasyPark Group has eased parking since 2001 and today, the company helps drivers save time and money by finding and managing parking and electric vehicle charging. It allows businesses, parking operators, property owners and cities to administrate, plan and take data-driven decisions. EasyPark Group owns and develops the apps EasyPark, ParkMobile, RingGo and Park-line and operates in over 4,000 cities across more than 20 countries. The EasyPark vision is to make cities more livable.
- Sleep Number
MEET OUR NEW SPONSORS
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Protect Group leads in enhancing customer experiences and boosting revenue through innovative, tech-driven solutions.
Our flagship product, Refund Protect, allows customers to upgrade their tickets for a full refund, offering peace of mind and creating new revenue streams for partners. Through Protect Marketplace, we deliver ancillary services like flight disruption management, carbon offsetting and more.
Our AI-driven platform, Protect Plus, seamlessly integrates with existing systems, helping businesses mitigate revenue loss and enhance customer satisfaction. -
For merchants, Versatile Credit is a trusted partner in building and executing a comprehensive credit strategy. Our intelligent, multi-lender platform seamlessly integrates into your processes, connecting borrowers with prime, near-prime, and no-credit-required providers through a single, streamlined application. Backed by robust analytics and trend monitoring, Versatile empowers merchants to optimize approvals, enhance customer experiences, and drive measurable business growth.