Wednesday, November 27, 2019
The World Retail Banking Report 2019, published Oct. 29, 2019, by Capgemini and Efma builds a case for new, inventive banking models that bridge the divide between banks and “BigTech players.” Banks must collaborate with startups to remain relevant in the evolving financial ecosystem, researchers found.
Company profile from GS191102
In 1987, Patrick Hong launched BankCard Services, which is headquartered in the South Bay region of Los Angeles County. Founded to meet the needs of the Korean American niche, BankCard Services has since grown to serve a multi-ethnic market through its 14 U.S. locations. It now targets Asian-American businesses, which are mostly Korean, Chinese, Japanese or Vietnamese owned.
By Dale S. Laszig
Security leaders found collaborative energy and focus at the PCI Security Standards Council's 2019 annual community meetings in North America and Europe. In his European keynote, Lance Johnson, PCI SSC executive director, emphasized unity and said that in a rapidly changing environment, "stakeholders can be certain that industry participation, evolution, alignment and consistency will be constants in the council's efforts to provide standards and resources for securing payment data."
In this week's podcast Ben Trombley describes how his firm, Encytro, helps ISOs and MLSs grow revenues through a merchant data security and chargeback reimbursement program. Patti reports on the ongoing need to protect against POS hacks. And James offers advice on overcoming barriers to productivity and profitability.