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CEO Update
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John Drechny A Year of Opportunity
Dec 3, 2020This year started with hope and promise no different from years prior, but it took a sudden and unexpected change, COVID-19, that has challenged us all in different ways. For some, the challenge has been centered around how to keep the country fed and employees safe. For others, it has been focused on how to keep businesses viable. In a matter of days, we were creating new business practices to serve our customers in ways we had not considered in the past while also accelerating pilots of new operational models to serve their expectations.
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Membership Update
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Kari Hartley Time to Renew Your MAG Membership for 2021!
Dec 3, 2020The strength of the MAG membership enables us to provide you with many valuable benefits. As a MAG member you receive complimentary attendance to MAG conferences and exclusive access to educational resources.
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Board Member Corner
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Amy Sellheim MAG Board Election Results
Dec 3, 2020The MAG 2020-2021 Board of Directors Election took place in August with the results announced during the Merchant Only Session at the 2020 virtual Annual Conference in October.
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Evolution in Payments
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Laura Townsend The New Normal in Payments
Sep 2, 2020Although we can’t predict what the new normal will be quite yet, it is likely certain that consumers are developing shopping habits based on necessity in this current environment. What additional changes are needed to adapt to this shift in consumer lifestyle changes and different shopping patterns?
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What's up in Washington
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Beth Provenzano, The Pandemic’s Impact on Coins in the U.S. and New Details on FedNow
Sep 2, 2020Coins are in short supply due to COVID-19, and we have joined with merchant trade association partners to request the Federal Reserve and Department of Treasury increase their public awareness efforts to #getcoinmoving. Meanwhile, the Federal Reserve held a symposium in August where Governor Brainard and other officials shared more details about their plans for FedNow.
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Education
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Eric O’Brien The New Home for MAG Education Is Coming Soon
Sep 2, 2020Change in payments is constant, and it is our mission at the MAG to keep you informed and educated on the latest developments in the industry. We are excited to announce additional resources to help you navigate our materials in an easy to use, streamlined experience!
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Payments Technology
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Kacie Paine CISO Fireside Chat “A View from the Hot Seat”
Sep 2, 2020Cybersecurity is more important than ever as people shift their behaviors in light of COVID. Several CISOs from merchant member companies will join Mastercard CISO Ron Green during MAG’s virtual Tech Forum on October 14 to discuss what keeps them up at night and how they address emerging security threats across their businesses.
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Conference Update
Amy Sellheim MAG 2020 Annual Conference and Tech Forum Going Virtual
Jul 1, 2020It goes without saying that 2020 has proven to be a unique year, as COVID-19 has affected nearly every facet of life and business.
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Innovate Now
Steve Cole Secure Remote Commerce and the SRCI
Mar 5, 2020You may have noticed that every website you visit supports a variety of different checkout experiences. Some use PayPal, Visa Checkout, or Masterpass, but others use their own custom experiences. Often, this means you must re-enter the same details on many different websites.
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International Perspective
Mark Falcon How Open Banking is Disrupting Retail Banking – Except for Payments Markets
Mar 5, 2020Open Banking is the technology that enables non-bank financial firms - e.g. “fintechs” - to access consumer-authorized financial data, such as personal and business checking-account transaction data. Open banking is proclaimed as driving the fintech revolution, transforming retail banking, and disrupting the global payments market.
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Board Chair Update
Kathy Hanna New Decade, Lingering Issues
Mar 5, 2020It’s the beginning of a new decade, and there is a feeling of excitement within the Board of Directors that MAG will continue to be on the forefront of the merchant’s voice in the payment industry. As we enter this new decade, I’m honored to be writing you for the first time as the Chair of the outstanding MAG board.
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MAG MEMBER HIGHLIGHT
Kroger’s Path to EMV at their Automated Fueling Dispenser
MAG SPONSOR HIGHLIGHT
Progressive Leasing — What COVID-19 Taught Us About Lease-to-Own
MAG INSIGHTS
View past newsletter articlesMEET OUR NEW MEMBERS
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MEET OUR NEW SPONSORS
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Linking Digital Identity Back to HumanityEkata provides global identity verification solutions via enterprise-grade APIs for automated decisioning, and Pro Insight, a SaaS solution for manual review for cross-border businesses to grow revenue by maximizing their predictability of good transactions. Ekata's product suite is powered by the Ekata Identity Engine (EIE), the first and only cross-border identity verification engine of its kind. It uses complex machine learning algorithms across the five core consumer attributes of email, phone, name (person or business), physical address, and IP, to derive unique data links and features from billions of real-time transactions within the Ekata proprietary network and the data licensed from a broad spectrum of global providers. Businesses around the world including Alipay, Microsoft, and Stripe leverage our product suite to increase approvals of more good transactions, reduce customer friction at account opening, and find fraud. -
Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 66 million consumer and small business clients with approximately 4,300 retail financial centers, including approximately 3,000 lending centers, 2,700 financial centers with a Consumer Investment Financial Solutions Advisor and approximately 2,100 business centers; approximately 16,900 ATMs; and award-winning digital banking with approximately 39 million active users, including approximately 30 million mobile users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 3 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and approximately 35 countries. Bank of America Corporation stock (NYSE: BAC) is listed on the New York Stock Exchange.