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Payments Technology
Tim Barnett Securing data in transit: A guide to PCI-validated P2PE
Oct 2, 2023As data breaches and cyberattacks grow more common, businesses need robust security measures to protect sensitive customer payment data. This is especially evident in the retail industry, where an increasing number of acceptance endpoints amplifies merchants’ vulnerability to data compromises and breaches.
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International Perspective
Andrea Rouse MAG Continues its Global Expansion with the 2023 APAC Summit, 1-2 November
Sep 28, 2023Following the success in 2022 of our first in-person event in Singapore, we are thrilled to share MAG is hosting its second annual APAC Summit, 1-2 November 2023 at the Westin Singapore.
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Membership Update
Kristi Simonett Don’t miss the 2023 Annual Conference and Tech Forum!
Aug 25, 2023We are excited to welcome you to our upcoming MAG Annual Conference and Tech Forum in Atlanta, September 10-13, where we will be commemorating MAG's 15-year anniversary. The MAG works hard to create a conference that offers many networking events, advanced payments discussions, and a wide variety of education, making the Annual Conference an amazing event to attend.
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Education
Leah Collins Coming Soon – Exploring Payments Technology
Aug 25, 2023The MAG is proud to announce the launch of our seventh eLearning course, Exploring Payments Technology. We began our digital learning journey in early 2021, with Merchant Payments 101 – which to date has over 500 graduates, with nearly 22,000 user visits and 1,200 individuals who have started the course.
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Innovate Now
Bryan Penny Tokenization in 2023: Where is the Payments System Going
Jul 31, 2023A lot has been written about tokenization since the first big data breach in 2013. The focus today is to talk about the challenges with tokens and how merchants can affect change.
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CEO Update
John Drechny Expanding the Merchants’ Voice
Jul 25, 2023Have you ever wondered how decisions are made regarding payments? Or how you can have a voice in the implementation of payments? At the MAG, we are thinking about these things daily. After all, the MAG’s mission is ensuring merchants have a voice in the payments ecosystem.
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What's up in Washington
Josh Pynn Credit Card Competition Act Reintroduced
Jul 21, 2023The Credit Card Competition Act (CCCA) was reintroduced with bicameral and bipartisan support on June 7, 2023. Structured very similarly to last year’s duo of bills, the CCCA outlines a mandate that card issuers must enable two non-competing networks on their credit cards, with the intent of creating more competition in the card issuing and card network space.
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Conference Update
Andrea Rouse You Are Invited! MAG’s 15th Annual Conference
Jun 29, 2023The MAG’s 2023 Annual Conference and Tech Forum is quickly approaching, taking place September 10–13 at the Hyatt Regency Atlanta. It will be here before you know it!
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Board Member Corner
Chris Priebe An Inside Look at the Last 15 Years With the MAG: A Conversation with Founding Board Member Chris Priebe
Jun 6, 2023Fifteen years ago, Chris Priebe, Senior Director – Treasury Payments and Risk, Southwest Airlines and Vice Chair, MAG Board of Directors, felt fortunate enough to be in the room at Southwest Airlines Headquarters with a few really ambitious merchants who were gearing up for an exciting endeavor. The goal of this endeavor was to make a merchant-led educational and advocacy group, now known as the Merchant Advisory Group (MAG), that would bring merchants together for two semi-annual meetings.
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Evolution in Payments
Kelly Andrus To surcharge or not to surcharge? Making sense of payment method incentive programs.
May 24, 2023Merchants who want to incentivize customers to use a lower-cost payment method can surcharge credit card transactions, perhaps charge a convenience fee, or even offer a cash discount. But merchants beware: a complex matrix of rules stands between you and the decision. As you begin to consider surcharging, it is important to consider the tangled web of requirements to be evaluated from multiple sources including case law, legislation, court actions, state/city laws, card brand rules, and even your own merchant agreements.
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Board Chair Update
Kathy Hanna Payments…“Life in the Fast Lane”
Dec 20, 2022As we approach the end of another year, the speed of change in the payments industry is not slowing down. Many areas of change are accelerating to address issues in the continuing growth of digital payments.
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MAG MEMBER HIGHLIGHT
From Student to Teacher in Payments
MAG SPONSOR HIGHLIGHT
J.P. Morgan Chase — Five x Fifteen
NEWS FROM OUR SPONSORS.
Oct 3, 2023
Freedom Pay — FreedomPay and Amazon Collaborate to Offer Merchants Seamless, Palm-Powered Checkout Experiences
Oct 3, 2023
Fiserv — Inspire Brands Streamlines Omnichannel Commerce Across North American Restaurants via Expanded Fiserv Relationship
Oct 3, 2023
UL Solutions — A Glimpse into Today’s Largest Instant Payment Schemes
Oct 3, 2023
TreviPay — Empowering B2B Success: TreviPay Customer Stories
Sep 27, 2023
CITCON — Citcon to Bring Cash App Pay and Afterpay to E-commerce Platforms
Sep 27, 2023
dLocal — Great Learning partners with dLocal enabling local payment methods and installments in Mexico, Brazil, and Colombia
Sep 27, 2023
Optimus Fintech — Swapnil Mengawade, Founder & CEO of Optimus Fintech, interviewed by ThPaypers on Future of Financial Automation
Sep 22, 2023
Citizens Pay — Citizens and Trek Bicycle Partner to Offer Convenient Payment and Financing Options for Cycling Enthusiasts
Sep 19, 2023
Stripe — How to increase revenue with an optimized checkout
Sep 19, 2023
Riskified — Online Retailers Feel Trapped Between Keeping Loyal Customers and Dwindling Profits: 90% Losing Money to Policy Abuse
Sep 11, 2023
MagTek, Inc. — MagTek Achieves PCI PTS 6.x PED Certification for DynaFlex II PED
Sep 10, 2023
Zip — Zip Partners with Global Payments Leader Primer to Accelerate U.S. Growth and Market Share
Sep 10, 2023
Link Financial — The Payments Innovation Summit hosted by Link Money
Sep 10, 2023
Splitit — Splitit Enables AliExpress' Shoppers to 'Pay After Delivery' in the US
Sep 8, 2023
BNY Mellon — BNY Mellon Launches Bankify
Sep 8, 2023
Carat from Fiserv — Fiserv and Akoya Meet Consumer Demand for Anytime, Anywhere Financial Information with New Data Sharing Agreement
Sep 8, 2023
Early Warning — Omaha Steaks partners with Paze: A delicious collaboration in the Early Adopter Program
Sep 8, 2023
U.S. Faster Payments Council — U.S. Faster Payments Council Names 2023 Board Advisory Group
Sep 7, 2023
W. Capra Consulting Group — When Should a Merchant Be Merchant of Record?
Sep 6, 2023
Dropp — Dropp listed in FedNow Service Provider Showcase
MAG INSIGHTS
View past newsletter articlesMEET OUR NEW MEMBERS
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- L'Oreal USA
- Alaska Airlines
MEET OUR NEW SPONSORS
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Uplift is the leading Buy Now, Pay Later (BNPL) solution that empowers people to get more out of life, one thoughtful purchase at a time. Serving the world's top travel brands, Uplift's complete range of flexible payment options drive higher conversion and loyalty for partners, while giving customers a simple, surprise-free way to pay over time with no late fees or prepayment penalties.
Uplift partners with over 300 of the world’s leading cruise lines, airlines, tour operators, resorts and other major travel brands to offer BNPL payment options to help more consumers make meaningful purchases and experience the travel that they deserve. Uplift is currently available throughout the United States and Canada. To learn more, visit Uplift.com. -
Banyan is the item-level receipt data platform powering innovation in commerce — fast, simple, and secure. Our privacy by design, first-of-its-kind data infrastructure enables merchants, banks, fintechs, and their partners to unlock solutions ranging from loyalty and marketing personalization, to fraud and chargebacks prevention, to commercial and consumer payments solutions. To learn more, visit www.banyan.com
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Dropp is a micropayment platform that offers a digital technology solution designed for merchants to accept payments at a very low cost. Dropp has leveraged distributed ledger technology and regulated banking technology to build an extremely secure and cost-effective solution where merchants can accept payments as low as a cent. Dropp is a Pay-By-Bank alternative to credit card payments, allowing merchants to accept small-value purchases digitally without paying large transaction fees. Dropp also offers a digital alternative to cash payments for small value purchases. Dropp makes it possible for digital merchants to offer goods and services at a granular level that has not possible affordably because of the cost of credit card transaction fees. Dropp opens up a digital economy of micro-purchases.
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The SKUx Smart Payments platform was designed to create secure, efficient, mutually-beneficial payment connections between merchants, manufacturers, and networks — with the consumer front of mind.
Whether it’s an incentive to drive a specific product purchase, a make-good for an upset customer, a need to filter purchases for healthy benefits programs, cash rewards for outstanding employees, or the delivery of much needed crisis relief funds, the SKUx platform gets it done quickly, securely and with full transparency.