Podcast: M&A Expert Says PFs Have 'Upside Potential'

Preston Todd Advisors is an advisory firm for companies who want to merge, acquire or sell, specifically in the payments sector. Adam T. Hark is a managing director and principal of the Boston-based company, and has much to say about the payment facilitator niche in this week's edition of the paymentfacilitator.com podcast.

Hark says he thinks the traditional acquirer/ISO model is dead, and in its stead will be a model using new technologies enabling business management solutions and schemes. He says payment facilitation is not a 'segment killer,' replacing integrated POS or the traditional acquiring model.

Call Center Fraud Potential Keeping Consumers From Paying By Phone

Over half percent of UK consumers, 69 percent of U.S. consumers, and 60 percent of Australian consumers say they are becoming hesitant to make payments by phone.

A consumer survey by Syntec, one of the UK's leading call center systems specialists, reveals that consumers in the U.S.and Australia agree with UK consumers: to decrease fraud, call centers should use the latest technology to hide payment card data from call center agents and call recordings.

Banks' Consumer Misdeeds May Spell Concern For Small Merchants

Google "Wells Fargo scandal" and you get a choice of three: 2016, 2015, 2013, all of which may effect how SMBs view banks.

The public didn't hold banks in high esteem to say the least after the high risk mortgage crisis of 2008 led to government bailouts, but the blatant practice and prolific number of fake accounts created between 2011 and 2015 shocked even the most jaded and cynical observers. Coincidentally, or not, Wells Fargo's stock doubled in the same time period. Wells Fargo of course is just the latest big bank to run afoul of regulators; HSBC drew charges of foreign exchange trade violations a week before the Wells Fargo scandal broke.

Arcam – A New 3D Printing Company In GE's War chest

General Electric Co. announced plans to acquire two suppliers of additive manufacturing equipment, Arcam AB and SLM Solutions Group AG, for $1.4 billion. GE expects Arcam and SLM to bolster its existing material science and additive manufacturing capabilities. This is what GE bought for it's 3D Printing business.

Facebook Dives Deeper Into Payments Under David Marcus, Competing as a PF… Again

The only thing separating Facebook from being a true payment facilitator is it registering as one. The social media giant today announced users of its Messenger app can now send payments from within the app to make purchases from sites who interface with the app using bots.

Facebook is working with Stripe, Braintree and PayPal, but also appears to be directly enabling acceptance of Visa, Mastercard, and American Express to make this happen, and Messenger users can store their card info in Messenger for use at checkout. This can be combined with the ability of brands being able to buy ads that take clickers into Messenger where their card info is saved. David Marcus, Facebook's vice president of messaging and a former payments executive, has raised the Messenger user base from 700 million monthly active users to 1 billion in a year.

Foreign Corporations Have More Rights Than American Citizens

Native Americans Attacked By Canadian Company Over Oil

Have you seen and heard about the growing protest in North Dakota over the Dakota Access Pipeline? Canadian oil giant Enbridge is plowing through native American land to enrich its shareholders. The standoff has reached a boiling point and it has exposed a dangerous crack in our great nation.

The Missouri River provides clean drinking water to millions of people in the region. Now, a petroleum pipeline, called the Dakota Access Pipeline, is being built, threatening the river. A movement has grown to block the pipeline, led by Native American tribes that have lived along the banks of the Missouri for centuries.

Standing Rock Sioux set up the first resistance encampment about 50 miles south of Bismarck, North Dakota in April, calling it Sacred Stone. Now there are four camps with more than 1,000 people, mostly from Native American tribes in the U.S. and Canada. “Water is Life” is the mantra of this nonviolent struggle against the pipeline that is being built to carry crude oil from the Bakken oil fields of North Dakota to Illinois.

Last Saturday, as they attempted to face down massive bulldozers on their ancient burial sites, the pipeline security guards attacked the mostly Native American protectors with dogs and pepper spray as they resisted the $3.8 billion pipeline's construction, fighting for clean water, protection of sacred ground and an end to our fossil-fuel economy.

Saturday was a beautiful, sunny day. That afternoon, delegations walked down the road to plant their tribal flags in the path of the proposed pipeline. They found large bulldozers actively carving up the land on Labor Day weekend.

Hundreds of people, mostly Native Americans, lined the route, yelling for the destruction to stop. The bulldozers retreated, but the security guards attempted to repel the land defenders, unleashing at least half a dozen vicious dogs, who bit both people and horses. One dog had blood dripping from its mouth and nose. Undeterred, the dog's handler continued to push the dog into the crowd. The guards pepper-sprayed the protesters, punched and tackled them. Vicious dogs like mastiffs have been used to attack indigenous peoples in the Americas since the time of Christopher Columbus and the Spanish conquistadors who followed him. In the end, the violent Dakota Access guards were forced back.

This section of the pipeline path contained archeological sites, including Lakota/Dakota burial grounds. The tribe had supplied the locations of the sites in a court filing just the day before, seeking a temporary halt to construction to fully investigate them. With those locations in hand, the Dakota Access Pipeline crew literally plowed ahead. Standing Rock Sioux Tribal Chairman David Archambault told us on the “Democracy Now!” news hour: “They were using the dogs as a deadly weapon. … They knew something was going to happen when they leapfrogged over 15 miles of undisturbed land to destroy our sacred sites … they were prepared. They hired a company that had guard dogs, and then they came in, and then they waited. And it was -by the time we saw what was going on, it was too late. Everything was destroyed. They desecrated our ancestral gravesites. They just destroyed prayer sites.”

The battle against the Dakota Access Pipeline is being waged as a renewed assertion of indigenous rights and sovereignty, as a fight to protect clean water, but, most importantly, as part of the global struggle to combat climate change and break from dependence on fossil fuels. At the Sacred Stone, Red Warrior and other camps at the confluence of the Missouri and Cannonball rivers, the protectors are there to stay, and their numbers are growing daily.

The profits of foreign corporations are now more important to the U.S. government than the lives of homeland defenders? Thanks to corruption and fascism, the U.S. is one crisis away from bankruptcy and suspension of the constitution (including the second amendment, social security and more). Meanwhile, the political discussion is all about walls, emails and other non-issues. The playbook is in place. It will continue to be executed by candidate A or B. It's called the “Shock Doctrine.”

Great nations don't kill innocent, unarmed citizens. They don't attack homeland defenders. They don't bail out banks that turn around and prey on taxpayers. They don't poison entire communities with drinking water. They don't poison food and water with sewage sludge. Great nations don't lie to military recruits and then abandon those who are lucky enough to survive the perils of war–our veterans. We are being led to slaughter by the best crisis coordinators that money can buy. Nations are now overthrown with bankruptcy, not bombs and bullets.

Great citizens are what make great nations. Great citizens defend each other and their nation. They don't wilt in the face of fascists who masquerade as patriots. These brave warriors in the Dakotas have their priorities straight. Water is more important than oil. Citizen engagement and inclusion are part of a healthy democracy. Anything less represents the slippery slope of fascism, which President Eisenhower warned us about when he left office. Citizenship isn't a spectator sport. We owe our forefathers diligence and active engagement. We owe the same and more to our fallen, our veterans, our communities, our nation and ourselves.

If you think that this election will change anything, think again. Better yet, read the “Shock Doctrine” by Naomi Klein. Civil disobedience is part of free speech, free-market capitalism and a free democracy. Civil disobedience is rarely glorious, but it is essential to free people and free markets. Therefore, I salute all of our brave soldiers as patriots. I salute all public servants who are representing the people fairly and honestly. I salute all patriots who speak out, stand up, sit down or do whatever they can to draw attention to the cancer that threatens the health and sustainability of this great nation and this beautiful planet. The protectors of our water are heroes. Colin Kaepernick is a hero. He isn't disrespecting anyone. He's demanding respect for everyone. He is defending this nation in the best way that he can. Waving flags and singing songs can't (and should not be allowed to) whitewash the assault on this great nation by forces that place greed, fear and hate above patriotism.

The proof is in the pudding. Foreign corporations have more rights in America now than U.S. citizens. I agree with Donald Trump on one point. We can still make America great again. Be the change.

Thanks to Democracy Now! for contributing to this story. http://www.democracynow.org/2016/9/8/standoff_at_standing_rock_even_attack

Guest Post: Be Prepared – Cyberfraud Is Stronger Than Ever

There has been a 50 percent increase in global cybercrime attacks, with 1 out of 10 new account applications now being rejected. This reflects the dual challenge of a rising threat as well as the potential for considerable impact on customer experience. These statistics come from a ThreatMetrix report named "ThreatMetrix Cybercrime Report," and it gives a number of other powerful warnings:

*A larger supply of stolen identities not surprisingly leads to a growing number of attacks based on those identities. As those identities are shared, sold, and further distributed, the risk multiplies; the report shows a 250 percent year over year increase.