Here are the Top 10 Payment Events of 2013 shared by the Portals and Rails research team from the Federal Reserve Bank of Atlanta.

10. The Consumer Financial Protection Bureau finalized Dodd-Frank 1073 money transfer rules.Top 10 Payment Events of 2013

9. The payments industry experienced increased regulatory scrutiny of third-party processors and high-risk business customers.

8. Major global ATM cash-out fraud attacks—including many U.S. ATMs—totaled $45 million.

7. FTC issued a proposal to ban telemarketers from using remotely created checks and payment orders.

6. Debit networks sought a compromise on an EMV interface—while there is little movement on the issuance of EMV cards.

5. The newly designed $100 bill with additional security features was released.

4. Several major data breaches occurred, and identity theft occurrences skyrocketed.

3. Cyber Monday online sales were up 17 percent, with phones and tablets representing almost a third of the total.

2. Virtual currencies received increased public, legislative, and regulatory awareness after the U.S. Department of Justice took action to close down virtual currency operators Liberty Reserve and Silk Road.

1. U.S. District Court Judge Richard Leon threw out Regulation II debit card interchange fees and routing rules.


As we head into 2014, the Portals and Rails team will be closely watching the following payment related topics.

  • As regulators continue to monitor developments in the virtual currency market, will the usage of virtual currency as a legitimate medium of exchange expand among the merchant community?
  • Will 2014 finally be the “Year of the Mobile Payment” as stakeholders have yearned for over the last several years? What progress will be made in addressing the awareness, security, and education aspects of mobile payments?
  • With online and mobile commerce showing no signs of slowing down, what authentication solutions will be most widely adopted to prevent a rising tide of card-not-present fraud?
  • How will merchants and card issuers deal with EMV implementation?
  • What effects will the regulatory attention on third parties and high-risk businesses have on the due diligence practices of financial institutions?

To read more about the Top 10 Payment Events of 2013 from the Portals and Rails research team, click here.

We wish you a great New Year ahead. Please Contact Us if you need any information about payment processing.



Some of our Services include:

Virtual Terminal

  • Access Payment Systems third generation VirtualTerminal sets the bar in the electronic payments industry. This includes accepting credit cards, electronic checks, verifying checks/ACH payments & verifying one’s identity in real-time. All in one system.


  • Access Payment Systems eCommerce payment solution is a high-capacity modular payment processing platform designed for maximum flexibility and availability. Known as PaymentsGateway, it enables merchants to process single or recurring credit card, debit and electronic check transactions in real time, batch mode or automated recurring billings.


  • Access Payment Systems provides a variety of equipment from all the popular equipment manufacturers to handle both credit card and check transactions including all terminal types, check imagers, readers, printers and more.

Batch Processing

  • The Transporter, a tool provided by Access Payment Systems provides an extensive feature set and intuitive design to automate your electronic batch processing. Overall development time is significantly reduced, creating a professional, seamless solution for batch processing credit card and ACH payments.

Donations Processing

  • Access Payment Systems helps non-profit, faith-based and charitable organizations accept donations for credit card and electronic checks and maximize revenue opportunities by offering donation payment options that make it convenient and easy to make donations, in a safe and secure way.



Share This