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Table of Contents

Lead Story

The squeeze in merchant cash advance

News

Industry Update

The VeriFone, Heartland rift

CIT seeks smooth reorganization

Optimizing online holiday sales

LINC-ed up in Sacramento

Remote debit gets a voice

Features

Research Rundown

Taking top strategies to market

Selling Prepaid

Prepaid in brief

Clinical trial payments on plastic

Rebate chic

Retailer-centric PM lands AmEx deal

Views

Regulatory reforms loom

Patti Murphy
The Takoma Group

Education

Street SmartsSM:
How much do you factor in price?

Jon Perry and Vanessa Lang
888QuikRate.com

Timing is everything

Bob Schoenbauer
Capitol Payment Systems Inc.

Hazards of chargeback monitoring

Ken Musante
Moneris Solutions

Protect your investment through non-competition agreements

Sarah Weston
Jaffe, Raitt, Heuer & Weiss PC

Scrooge, a lesson in leadership

Dale S. Laszig
DSL Direct LLC

How to grow your merchant portfolio

Jeffrey I. Shavitz
Charge Card Systems Inc.

Company Profile

LIFT Network

New Products

Assistance with self-assessment

ExpertPCI
Panoptic Security Inc.

NFC-enabling sticker

Tetherball Tag
ViVOtech Inc., Tetherball LLC

Inspiration

Give props to the POS

Departments

Forum

Resource Guide

Datebook

Skyscraper Ad

The Green Sheet Online Edition

November 23, 2009  •  Issue 09:11:02

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Remote debit gets a voice

There's a new group on the block: The Secure Remote Payment Council formed recently to foster cooperation in addressing user authentication and financial data encryption issues associated with development, promotion and adoption of Internet and mobile debit transactions.

Paul Turgeon, President of Payments & Processing Consultants Inc., said there hasn't been a forum in which all the players could meet in one room. In the summer of 2009, he began calling issuers, payment brands, payment authentication developers, financial institutions, processors, alternative payment platforms and merchants to meet to discuss the formation of an organization to support the furtherance of remote debit. The response was unanimous. "Everybody came, literally everyone," Turgeon said of a series of weekly planning meetings held shortly after his outreach efforts began.

At a meeting slated for Dec. 17 to 18, 2009, in Dallas, the SRPC's initial board of directors will be installed. Paul Tomasofsky, President of Two Sparrows Consulting LLC and SRPC steering committee member, said groundwork has been laid to provide a quick start for the board, and the SRPC will hold several regional meetings to recruit members and gather input from industry leaders.

According to Tomasofsky, the council wants to help foster consumer adoption; merchant acceptance and implementation; and infrastructure changes that acquirers, processors or issuers need to make. "We want to work with standards bodies to make sure that the voices of our members are going to be heard in their standard-writing," he said. "We will help; we will participate."

Notice to readers: These are archived articles. Contact names or information may be out of date. We regret any inconvenience.

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