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The Green SheetGreen Sheet

Breaking Industry News – Thursday, May 23, 2019

New York transit system goes contactless

Mass transit customers in New York City will soon have a new way to pay for riding the subway and bus systems: contactless credit and debit cards issued by banking giant Chase. Beginning May 31, 2019, riders will be able to tap their cards to pay to enter several subway stations and all buses serving Staten Island instead of purchasing and using fare cards. Over time, all New York City subway lines and bus routes will accept contactless card payments, Chase and Visa stated.

Chase Merchant Services is also working with the New York Metropolitan Transit Authority on an upgrade to the fare machine system (dubbed OMNY) to support contactless card acceptance, the two companies reported. Visa said the New York MTA will be the first U.S. transit agency to implement contactless payments using its global transit framework.

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Spotlight Innovators

The Green SheetOnline Edition – Issue 19:05:01

Conversational commerce: complex, interactive, evolving

By Dale S. Laszig

In a world where anyone anywhere can transact on any device, digital assistants help deliver targeted messages to broadly distributed audiences. While it may seem incongruous to use machines to personalize relationships, chat bots and digital assistants are becoming adept at representing the people and companies they serve. It's not always easy to differentiate between machines and humans on the phone, email or online chat.

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The Green Sheet It’s Showtime!

Featured Shows

Merchant Sales Podcast Merchant Sales Podcast #42
The Devil Is In The Details

Merchants lose billions of dollars a year to unnecessary charge backs. In this week's episode, Gary Cardone describes how Chargebacks9-1-1 leverages data and analytics to drive down charge backs, and by extension card declines. Plus, Patti discusses how the Internet of Things could change payments, and James explains the pros and cons of subscription rate pricing.

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PaymentCloud Inc.

Company profile from GS190501

Freedom and flexibility in CNP processing

PaymentCloud Inc. specializes in assisting merchants who are often labeled as high risk by bank underwriters because they accept card-not-present (CNP) transactions. Most ISOs work with conventional banks that focus their underwriting on card-present retail transactions. Any business that doesn't conform to the conventional card-present acceptance model can be considered high risk.

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