Processors have been tested as never before. Here’s how ...

Processors

have been

tested as never

before. Here¡¯s

how they¡¯ve

adapted.

Volume Eighteen, Number Three ? ? March 2021

ALSO IN THIS ISSUE:

Guess Who¡¯s All in for Crypto?

EMV¡¯s Deadline at the Pump

Payments Guys Behaving Badly

Invasion of the SPACs

Drive higher conversions.

Streamline business operations.

Increase revenue.

First American makes it easy to accept payments, sell

payments and integrate payments. Regardless of how

or where you serve your customers,

We Make Payments Profitable.

first- | sales@first-

Copyright ? 2021 First American Payment Systems, L.P. All rights reserved. First American Payment Systems, L.P. is a registered ISO of Fifth Third Bank, National Association, Cincinnati, OH and of Wells Fargo Bank, N.A., Concord, CA.

MARCH 2021 ? VOLUME 18, NUMBER 3

How Covid Changed Payment Processing

22

Thirteen months ago, processors were on cruise control when it came to servicing merchants. Then,

the pandemic struck and upended their business model. How have they adapted to the new normal?

THE GIMLET EYE

So Where¡¯s the Depression?

4

TRENDS & TACTICS

6

The Card Giants Go

All in for Crypto

Merchant Gripes:

Fees And Onboarding

How Banks Streamline

Links to Fintech Apps

Is PayPal Only

Getting Started?

Mastercard makes the bigger

move, launching a plan to

process cryptocurrency

transactions natively on

its network.

Merchants like Square the most,

and micro merchants are the

least satisfied with processors,

J.D. Power reveals.

The Clearing House is leading

an effort to enlarge capacity

for payment aggregators as

open banking flourishes.

The digital payments

behemoth racked up a

record year in 2020 and is

set to unleash a flurry of

new products.

Plus, Security Notes explains digital identity and how to protect it; and Payments 3.0

examines the big banks¡¯ case against alliances between big fintechs and little banks.

ACQUIRING

15

No Time Like Now

The EMV liability shift for fuel

pumps arrives next month. After two

deadline extensions, is the petroleum

industry finally ready?

OPINION & ANALYSIS

18

Payments Guys Acting Badly¡ª

And Strangely

There has now been a year of

pandemic, but also of regulation,

litigation, and malfeasance in the

payments business. What¡¯s going on,

and has anything really changed?

STRATEGIES

27

How Payments Is

Embracing Blank Checks

Increasingly, payments providers

are discovering that the familiar IPO

isn¡¯t the only way to cash in on the

public markets.

ENDPOINT

30

Covid¡¯s Unexpected Upside

By shifting stores and consumers to

contactless payment, the pandemic

made it easier to stop fraud.

Cover Illustration: Jason Smith,

Digital Transactions (USPS 024-247) is published monthly by Boland Hill Media LLC, 800 Roosevelt Road, Building B, Suite 212, Glen Ellyn, IL, 60137. Periodicals Postage

Paid at Glen Ellyn, IL, and at additional mailing offices. POSTMASTER: Send address changes to Digital Transactions, P.O. Box 493, Northbrook, IL 60065-3553.

2

DIGITAL TRANSACTIONS | MARCH 2021

CONTENTS

 ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download