Recapping XBIZ Miami and the Bucharest and AW Summits

Kristi (left) and Teresa at XBIZ Miami.

It’s been a fun and educational last few weeks, as the Segpay team just finished show-hopping between three important industry events:  XBIZ Miami (here in our South Florida backyard), and the Bucharest and AW Summits (just a bit farther away, in Romania).

We thought we’d post a quick summary of some popular discussion topics at the shows, in case you weren’t able to attend, or just want a refresher:

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Segpay Re-Authorized as Payment Institution in the UK

Great news, we were re-certified as a licensed Payment Institution in the UK, which means Segpay complies with the new PSD2 directive in the EU, and can continue providing payment services in the UK and EU. From our official announcement:

Compliance with PSD2’s stronger requirements on data security and consumer protections maintains Segpay’s reputation as a secure, trusted provider,” said Cathy Beardsley, CEO of Segpay. “Our policies and procedures are ahead of our competitors and receiving this authorization demonstrates our continued commitment to go above and beyond to be a leader in compliance.

 

How is Segpay Preparing for GDPR?

A few months ago, we posted a short piece summarizing GDPR. With the deadline now just a couple of weeks away, a lot of you are asking what we are doing to comply, and how we can help in your efforts. The short answer is that we are aware of the impending deadline, and are actively working with third-party counsel to develop processes for complying with GDPR requirements – such as the ability to provide consumers access to their data, and to respond to requests to remove consumer data from our systems.

We will have more specific details soon about our processes for complying with these and other GDPR requirements, once our efforts are complete. In the meantime, here is a link to our original post, with background about the GDPR and links to articles that go into more detail.

Join Segpay in Romania for Two Major Cam Shows

Cam-site merchants and industry pros will arrive in Romania later this month for two major Cam-focused events – the Bucharest Summit, May 21-25 in (surprise) Bucharest; followed by the AW Summit, June 4-7 at the beach resort of Mamaia. Segpay will be there, too – as attendees and sponsors at both shows – and we hope to see you.

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Cathy Argues for Congressional Action on Weed in PaymentsSource Article

If you followed the recent news that cannabis decriminalization is being discussed in Congress, you’re probably aware of how confusing it’s been for marijuana-based businesses, banks and payment processors to navigate the conflicting state and federal laws governing the sale of these increasingly legal products. Segpay has been on top of this issue for some time now. In a March article on XBiz.com, our CEO Cathy Beardsley weighed in on the future of handling payments for cannabis, and now this month PaymentsSource has published a similar article by Cathy arguing for the type of Congressional action that appears (finally) to be gaining momentum:

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