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Evolution in Payments
Laura Townsend Quick Response – Ever Heard of it in Retail?
Aug 5, 2022Quick Response in retail could mean a fast turnaround to a food delivery order, an immediate solution to a customer service issue, or a method that enables retailers to share inventory needs in real-time. On the other hand, it also represents an experience almost ubiquitous any longer in retail through an action triggered by the scan of an image everyone recognizes…the QR Code (short for Quick Response Code).
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Payments Technology
Steve Cole Standards and specification bodies that matter to payments – FIDO, EMVCo, and more…
Jul 26, 2022In Part III of our series on Standards and Specification Bodies, we will share an overview of the FIDO Alliance and EMVCo. If you missed our earlier articles which discussed ISO and X9 in Part I and PCI and W3C in Part II, please check out our website (LINK) for more information.
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What's up in Washington
Beth Provenzano Senate Judiciary Committee Hearing on Swipe Fees, Federal Reserve
Jun 30, 2022It has been a busy spring for the payments industry in Washington. Competition and swipe fees took center stage at a Senate Judiciary Committee hearing in May, and the Federal Reserve’s public comment period regarding Central Bank Digital Currency (CBDC) closed. In addition, Consumer Financial Protection Bureau (CFPB) Chairman Rohit Chopra continues to make payments a top priority.
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Conference Update
Andrea Rouse MAG 2022 Annual Conference and Tech Forum Heads to Texas
Jun 15, 2022The MAG is putting together a dynamic program of events for the upcoming 2022 Annual Conference and Tech Forum that you won’t want to miss. We are excited to welcome attendees from across the country at the Hilton Anatole in Dallas, Texas, September 18 – 21.
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Innovate Now
Eric O'Brien It Is Like Trying to Fit a Square Peg in a Round Hole: Today’s Commerce Adhering to Payment Industry Rules of the ‘90s
May 12, 2022Merchants respond to historic pandemic with innovative shopping experiences. It’s time the rest of the industry reacts responsibly.
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Education
Leah Collins MAG Releases Merchant Payments 203, a new eLearning course focused on Fraud and Chargebacks
May 5, 2022The MAG's newest eLearning class is now in session! The Merchant Advisory Group is excited to officially introduce Merchant Payments 203: Navigating Fraud and Chargebacks. This eLearning course is designed to enable the learner to effectively detect and analyze fraud in their environments while optimizing chargeback responses in order to minimize loss.
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Membership Update
Kari Hartley Merchant Members Take Advantage of MAG’s Benefits and Resources
Apr 11, 2022Merchant Advisory Group merchant members have the advantage of accessing many of our benefits and resources. A summary of MAG membership levels and benefits is available in our Membership Brochure. We now offer two membership levels: All Access and Digital Access. MAG currently has over 170 merchant members enjoying these benefits.
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CEO Update
John Drechny What Central Bank Digital Currency (CBDC) could mean for merchants
Mar 29, 2022Do you ever wonder why we still have paper money in a world that continues to become more digital? Maybe it is because of the anonymity or the cost associated with using financial institutions to store and transfer a dollar. It could also be that there is not a viable substitute in the market. For whatever reason, consumers still like cash. It is not only consumers who like cash, though; for the most part, so do merchants. Cash settles at par, meaning if someone pays you a dollar you receive the whole dollar. It is also settled instantaneously and once received it can be spent seconds later. In addition, cash is irrevocable. Once you receive it no one can take it back from you. You own it. Now imagine a world where this is all done digitally versus physically.
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Board Member Corner
Joe Vasterling Spring Network Changes: Merchants, pull out your wallets
Mar 16, 2022Spring brings payment card networks’ rules changes. Networks communicate these changes to the acquirers, who then inform their merchants. This chain of events must happen in a matter of three to four months before the next round of changes come in the fall. This year, the impacts are more unique as the networks have delayed a number of fee increases due to the pandemic and they will implement them in April. The financial implications to the merchant community will be significant.
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Board Chair Update
Kathy Hanna Payments…the “Pandemic Effect”
Dec 27, 2021Rewind twelve months and some aspects of life and business look very similar to the end of 2020, while other aspects have changed. We hear the continued urge to wear a mask, get vaccinated, and be aware of in-person and indoor gatherings. The Covid-19 virus, and its variations, created what I call the “pandemic effect.”
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International Perspective
Yash Yadav MAG Brings APAC Merchants Together
Nov 8, 2021The Asia Pacific region is undergoing a payments transformation. MAG Asia-Pacific (APAC) Executive Director Yash Yadav shares her insight into what she believes are the top three challenges and tips for merchants on how to handle them.
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MAG MEMBER HIGHLIGHT
Communicating Payments Strategies and Insights to Executive Leadership
MAG SPONSOR HIGHLIGHT
Chargeback Gurus — How to Get Chargebacks Reversed
NEWS FROM OUR SPONSORS
Aug 10, 2022
Verifi, A Visa Solution — Compelling Evidence 3.0 (CE3.0) in the Pre-dispute and Pre-arbitration Environments
Aug 9, 2022
Forter — Forter Announces its Inaugural Conference, IMPACT 2022
Aug 9, 2022
TreviPay — TreviPay Releases Small Business Supplier Network Banking Solution to Support Recovery for Small Business Sellers Serving Business & Government Buyers
Aug 9, 2022
Progressive Leasing — Progressive Leasing Selected as Exclusive Provider of Lease-To-Own Purchase Options for Samsung.com
Aug 8, 2022
Car IQ Inc. — Sunoco To Accept Car IQ's Fleet Payment Solution at Nearly 5,000 Gas Stations Nationwide
Aug 8, 2022
Sift — Consumers Besieged by–and Falling Prey to–Crypto Scams
Aug 8, 2022
U.S. Faster Payments Council — U.S. Faster Payments Council Publishes Faster Payments and Financial Inclusion White Paper
Aug 5, 2022
U.S. Faster Payments Council — No “Dog Days of Summer” for the FPC
Aug 4, 2022
Afterpay — Afterpay and Sephora Partner To Make Prestige Beauty Accessible To More Customers
Aug 4, 2022
Bluefin — Bluefin Wins 2022 Fortress Cyber Security Award
Aug 2, 2022
Optimized Payments, Inc. — Optimized Payments Welcomes Two Experts to Technology and Data Services Team
Jul 29, 2022
Optimized Payments, Inc. — Optimized Payments Welcomes Expert Payment Strategist to Growing Team
Jul 27, 2022
Freedom Pay — FreedomPay Accelerates Industry Leading Growth Across the World with a Push and Mandate to Hire Best-in-Class Tech Professionals
Jul 21, 2022
Ravelin — Why is buy now, pay later fraud a problem?
Jul 20, 2022
MagTek, Inc. — Quantic's Cloud POS App Now Offers More Payment Methods to Restaurants and Retailers with MagTek's iDynamo 6 and the Magensa Gateway
Jul 20, 2022
TreviPay — TreviPay Launches B2B Payments Method and Invoicing Networks for Businesses of all Sizes
Jul 18, 2022
Oliver Wyman — The Metaverse: A User's Guide for Brands
MAG INSIGHTS
View past newsletter articlesMEET OUR NEW MEMBERS
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MEET OUR NEW SPONSORS
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ChargeAfter is the leading multi-lender network for point-of-sale financing. Our platform connects retailers and lenders to offer responsible, personalized financing options for every consumer — all from a single application.
Powered by a data-driven decisioning engine and network of global lenders, ChargeAfter delivers the most relevant financing offers to consumers from multiple lenders based on credit type – resulting in approvals for up to 100% of customer applications.
ChargeAfter streamlines the distribution of credit into a single platform that retailers can implement rapidly both online and in-store. The company’s growing lender network offers seamless integration to lenders seeking to grow their customer base while expanding into new retail markets. -
Alviere provides the most complete enterprise software solutions for embedded financial technology available on the market today. Alviere enables the world’s most trusted and visible brands to offer financial products to their customers for the first time, via a one-stop shop, fully compliant, and future-proof platform. Alviere’s Hive increases profits, enhances customer relationships, and deepens consumer insights, all the while increasing satisfaction and long-term customer retention.
To find out how Alviere’s embedded financial products can take your brand into the next generation of profitable business, visit us at alviere.com. -
Citizens Pay is the sophisticated leader in buy now, pay later financing offering the most innovative and flexible POS financing solution for larger purchases. As a fintech within a premier bank with over $188B in assets, we bring the forward-thinking and agility of a fintech plus the financial strength of a leading national bank.
Our digital platform is fully configurable to tailor the co-branding, marketing, financing offers and customer experience to meet the precise needs of our clients. Our modern and innovative digital product provides a superior omnichannel solution designed to drive growth, loyalty, and best-in-class experiences.
Citizens Pay delivers innovative products and experiences for top brands such as Apple, Microsoft, Z Gallerie, Wayfair and more with full spectrum lending, the widest choice of financing offers, plus the ability to support special programs including promotional offers, subscriptions, and upgrades. -
At Vindicia, we take the work out of subscriptions. We are fueled by nearly two decades of data and deep payment expertise that enable you to launch, scale, engage, and prevent churn to help you build long-lasting customer relationships.