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Table of Contents

Lead Story

Going to that process in the sky

News

Industry Update

Two new ventures add to spate of NFC activity

Processor argues against video game regulation

ReD predicts major jump in U.S. fraud

Features

Research Rundown

Selling Prepaid

Prepaid in brief

A snapshot of prepaid in the U.K. and Ireland

David Parker
Polymath Consulting Ltd.

Views

Proximity payments, a BIG issue

Brandes Elitch
CrossCheck Inc.

Are you really a salesperson?

Jeffrey Shavitz
Charge Card Systems Inc.

Electronic wallets coming to a phone near you

Scott Henry
VeriFone Inc.

Education

Street SmartsSM:
Are mobile payments a threat to ISOs? - Part 2

Ken Musante
Eureka Payments LLC

Prepare for shifting payment seasons

Jeff Fortney
Clearent LLC

International designs at the DRF

Caroline Hometh
Payvision

The coming changes to PCI

Tim Cranny
Panoptic Security Inc.

Brand messaging and corporate identity

Peggy Bekavac Olson
Strategic Marketing

Partnering in an ISO business

Adam Atlas
Attorney at Law

Company Profile

TF Payments Inc.

New Products

Bundled terminal and data plan

Wireless Value Bundle
ExaDigm Inc.

Inspiration

Connect by disconnecting

Departments

Forum

Resource Guide

Datebook

Skyscraper Ad

The Green Sheet Online Edition

October 11, 2010  •  Issue 10:10:01

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Forum

You can't ignore $50 million

I noticed our recent press release, which was picked up by the business wire and several other newspapers and publications, was not covered by The Green Sheet and thought you may be interested in this deal, since there are so few sizeable transactions like this in the ISO space.

Jeffrey Shanahan
Financial Transaction Services

Jeffrey,

Thank you for informing us of your $50 million growth equity commitment from FTV Capital. The quickest way to get payments industry news posted under "News from the Wire" on our home page is to send a press release to press@greensheet.com. We post releases we receive at that email address throughout each business day. We posted your announcement on Sept. 17, 2010.

Editor

Members helping members

GS Online MLS Forum member SLICK STREETMAN made the following post about 10 months ago.

He said he did so because, "I was totally frustrated in my attempts to help my merchant, so I threw it on the [message] board for advice."

Subject: $50,000 fine by Visa for duplicate batches

Due to a computer glitch, a merchant had some duplicate batches. It was discovered early on and the processor reversed the duplicate charges.

Then out of the blue, the merchant gets fined $50,000 about a month after the accident.

So far, we have not been able to find anyone to talk to at Visa. I called their headquarters in San Francisco, and after a week of "passing the buck" they can't seem to lead us to the "powers that be."

The merchant is tired of all the stonewalling and wants to get an attorney.

What would you do?

On Sept. 29, 2010, SLICK STREETMAN posted an inspiring update:

Mr. Steven Peisner saw the post and called me. We discussed all of the details involved, talked with the merchant, the ISO and the POS vendor. Then, Steven said, "Out of my love for our industry, SLICK, I will do what I can to get this fine reversed, and I feel confident that I know the key people at Visa that can make it happen."

In the interim, different obstacles occurred, such as the ISO changing settlement banks, but Steven persevered.

I am happy to announce to my forum family that the merchant called this morning and said, "SLICK, it is time for a celebration!"

I said, "Well, you know ol' SLICK. I'm always ready to party, but what is the occasion?"

He said, "The Visa fine monies were deposited back to my account this morning."

I still have a smile on my face that I can't wipe off.

Thank you, Paul Green, for inventing this forum, and thank you, Kate, Wolf and staff for all you do. And one big, humongous thank you to Sir Steven Peisner!

SLICK,

Thank you for reaching out to enlist the aid of your fellow GS Online MLS Forum members, for acknowledging the generosity demonstrated by Steven Peisner and for sharing the stunning results that ensued. And thank you for appreciating our efforts, too.

Those who want to read the responses of other forum members to this news can visit the MLS Forum and click on the "Some GOOD news to share with the Forum" thread.

Editor

Call us, write us

Would you like us to cover a particular topic? Is there someone you consider an industry leader? Did you like or dislike a recent article in The Green Sheet? What do you think of our latest GSQ? E-mail your comments and feedback to greensheet@greensheet.com or call us at 800-757-4441.

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

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