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Policy Perspective
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Joshua Pynn 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
Chris DeBrusk 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
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Kelly Andrus 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
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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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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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PwC is a New York-headquartered professional services firm with a large focus in the financial crimes, fraud, and payments space, our team offers guidance/advisory, implementation services, and staff augmentation/managed services to clients across the globe. -
SoftBank Corp. (“SoftBank”) offers products and services that revolutionise customers' lifestyles by leveraging the latest technology, including AI, IoT, and robotics. SoftBank's Financial segment, provides cashless payment services, such as QR code payments and credit card services, as well as smartphone-based securities services mainly for individual customers. SoftBank provide payment processing services, mainly for corporate customers, offering one-stop payment solutions for diversified payment methods including credit cards, electronic money, and QR codes.
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At EY, our purpose is Building a better working world. The insights and quality services we provide help build trust and confidence in the capital markets and in economies the world over.
In a world that’s changing faster than ever, our purpose acts as our North Star, guiding our 400,000 people — providing the context and meaning for the work we do every day.
Through our four integrated service lines — Assurance, Consulting, Strategy and Transactions, and Tax — and our deep sector knowledge, we help our clients to capitalize on new opportunities and assess and manage risk to deliver responsible growth. Our high-performing, multidisciplinary teams help them fulfill regulatory requirements, keep investors informed and meet stakeholder needs.
We help payment service providers, industry suppliers, new entrants, investors and entrepreneurs reap the rewards of the future of payments. -
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.