Past Articles
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Payments Policy is Having a Major Moment
Nov 9, 2022The Federal Reserve Board Releases the Long-Anticipated Debit Routing Clarification; Bipartisan, Bicameral Credit Card Competition Legislation Introduced
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Creating a Competitive Payments Landscape
Nov 4, 2022A primary goal of the MAG has always been to foster competition in the payments industry. Many people have asked me what this means and what MAG has done to achieve this goal.
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Evolution of a Payments Career?
Nov 2, 2022The evolution of payments isn’t just about the payments products and services that evolve supporting how consumers transact at their favorite retailers. A career in payments evolves as well. What are the rewards? What are the challenges? How do you navigate? What advice should you consider? Let’s ask a few payments industry experts about their experience…
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Record-Setting MAG Annual Conference and Tech Forum!
Oct 21, 2022Thank you to all who joined us at our record-setting MAG 2022 Annual Conference & Tech Forum in Dallas, Texas!
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PCI Releases DSS Version 4.0
Oct 12, 2022In March 2022, PCI SSC released version 4.0 of their Data Security Standard (DSS). PCI DSS is a global standard designed to protect payments data.
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Payments in Europe: 4 Considerations That Could Make-or-Break the Holiday Period
Oct 7, 2022Last year, CMSPI estimates that German retailers lost over €650 million in sales on Black Friday and Cyber Monday alone. Many didn’t even realise this was happening, and that their payments supply chain had rapidly become a core determinant of holiday takings. With payments costs rising in tandem, the same story echoed across Europe - so what do merchants need to do differently this time?
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The CFPB and BNPL: Perspectives on New Report
Oct 6, 2022Buy Now, Pay Later: Market trends and consumer impacts released by CFPB on 9/15/22
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MAG 2022 Annual Conference and Tech Forum – It’s Right Around the Corner!
Sep 2, 2022We are looking forward to seeing so many of you at the Hilton Anatole in Dallas in just a couple short weeks! Registration numbers are soaring for the MAG 2022 Annual Conference and Tech Forum, underscoring the eagerness of the payments community to reunite, share experiences, learn from each other, and hear the latest trends in the payments industry.
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Higher fuel costs require a close eye on transaction limits
Sep 1, 2022A collective voice helped drive credit card brands to increase fuel pump authorization limits for merchants and consumers.
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MAG Leadership – Contribute Your Talent
Aug 23, 2022Since its inception in 2008, the MAG mission has remained consistent, and our dedication to these words is evident in our accomplishments. “Driving positive change and innovation in the payments industry that serves the merchants' interests through collaboration, education, and advocacy.” Our growing list of accomplishments is attributable to MAG’s leadership, from staff to our Board of Directors and our Committee and Community of Practice (COP) merchant members.
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MAG Member Resource: Webinars
Aug 22, 2022Over the course of the year, the Merchant Advisory Group (MAG) hosts around 15 webinars with industry experts where they explore various topics ranging from fraud and chargebacks to security and interchange.
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Tokens, Tokens Everywhere
Aug 15, 2022As the MAG considers recent changes in network payment token implementation and rules, we see a path for further collaboration among the industry to increase security while maintaining the flexibility and competitiveness in debit routing.
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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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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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Standards and specification bodies that matter to payments – PCI, W3C, and more…
Jul 19, 2022Last week, we published an overview of ISO and X9, as part of a series examining the organizations that maintain the standards with some of the greatest impact on how the payments industry runs. If you missed last week’s article, Part I of Standards and specification bodies that matter to payments is available here. Next, we take a look at PCI and W3C.
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How to Get Chargebacks Reversed
Jul 18, 2022Chargebacks can be a persistent problem for merchants, acting as a constant drain on their revenue unless they implement effective preventive measures. Unfortunately, no matter what merchants do, chargebacks will continue to roll in. There’s no way to prevent credit card fraud one hundred percent of the time or ensure that issuing banks never err when granting a chargeback to a cardholder.
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Standards and specification bodies that matter to payments - ISO, X9, and more…
Jul 12, 2022Standards impact every aspect of life from the moisture content in your cereal to liquid rocket engines to working safely in a pandemic. Without standards, it would be impossible for the modern world to function, and the world of payments is no exception. Standards ensure consistency, reliability, security, and quality and help guide innovation. In payments, standards define how transactions are communicated, how customers are verified, how data is secured, and much more. But where do these standards come from and how are they created and maintained? To find out, join us over the next three weeks as we publish a series of articles examining the organizations that maintain the standards with some of the greatest impact on how the payments industry runs.
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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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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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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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