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CEO Update
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John Drechny 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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Innovate Now
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Bryan Penny The ABCs of MAGs Involvement with Standards Bodies
Aug 28, 2024The payments ecosystem is built on ubiquity and consistent standards, and the MAG continues to be a key player in discussions with the standards bodies that impact payments. The MAG is involved with these standards bodies to drive innovation in the payments space and ensure merchants can operate in an efficient and competitive marketplace.
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Conference Update
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Andrea Rouse MAG Payments Conference 24 Is Just Around the Corner
Aug 21, 2024We look forward to welcoming you to the first rollout of our rebranded September Conference, MAG Payments Conference 24, September 16 – September 19 at Signia by Hilton Orlando Bonnet Creek. Our industry-leading conferences are synonymous with excellence and our first MAG Payments Conference will continue this tradition.
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Sponsorship Update
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Meg Thaxton 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
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Paul Tunstall 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
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Lisa Crockett 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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Policy Perspective
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Josh Pynn Continued Discussion on the Debit Regulated Rate
Jul 10, 2024With the comment period coming to a close, there is a flurry of activity in Washington surrounding the Federal Reserve’s (Fed) proposal to reduce the regulated debit card fee cap. Introduced in November of 2023, this was the first proposed change to the regulated rate since it was introduced in 2011.
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Payments Technology
Jacques Soussana ISO 20022: A New Era of Card Processing
Jun 12, 2024nexo standards enables fast, interoperable, borderless, and global card processing by using ISO 20022 to standardize the exchange of data between merchants, acquirers, payment service providers and other payment stakeholders. nexo’s specifications and messaging protocols are advanced through its member community, free to download, and globally implemented.
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Advancing Payments
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Kelly Andrus EBT Chip Cards - Ready or Not, Here They Come and Retailers Should Beware!
Jun 12, 2024If you think EBT chip cards won’t be used in your store, you may want to keep reading! The first chipped EBT cards will come from the state of California, which also uses their cards to distribute cash benefits. The cash benefits can be used more broadly than the food benefits (SNAP) that come to mind when you hear EBT, so the issuance of chip cards may impact your systems, including ATMs, even if you are not a SNAP participating retailer.
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Membership Update
Meg Thaxton 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
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Eric Vescera 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 worry about getting dirty….BE A SPONGE!
MAG SPONSOR HIGHLIGHT
Arcot, Payment Security Division Broadcom — Optimizing 3-D Secure to Improve Authorization Rates for eCommerce
MAG INSIGHTS
View past newsletter articlesMEET OUR NEW MEMBERS
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MEET OUR NEW SPONSORS
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Capital One Trade Credit offers a flexible, full-service B2B accounts receivable solution for enterprise customers. Choose the program components your business needs while providing each customer with tailored terms and billing treatment. Backed by the scalability and security of a top 20 U.S. Bank, our proprietary platform wows customers and drives sales. To explore a partnership with Capital One Trade Credit, visit https://www.capitalone.com/trade-credit/.
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Ant International integrates Alipay Plus, Antom, and WorldFirst to redefine cross-border payments and financial services. Alipay Plus connects global merchants and consumers; Antom offers all inclusive payment services for merchants doing business globally. WorldFirst, aimed at SMEs, provides a digital platform for payment processing and risk management. Together, they drive global market unity through innovative solutions, aiding businesses in international trade and commerce. -
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Gr4vy is a cloud-based payment orchestrator that empowers merchants to customize and optimize their payment strategy. Merchants and payment platforms can focus on managing their payment ecosystem by simplifying complex payment functionalities, such as connecting businesses to over 100 payment methods and anti-fraud providers worldwide through a single, no-code integration. With Gr4vy, merchants can scale into new markets, personalize checkout experiences, and create dynamic routing rules with ease. Their PCI DSS Level 1 compliance, PSP-agnostic approach, and dedicated cloud instances ensure unparalleled resilience and performance, eliminating single points of failure.
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