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Table of Contents

Lead Story

A call to Washington

News

Industry Update

ETA goal remains growing ISOs

TSYS, Central Payment form joint venture

Durbin urges merchants to reject proposed settlement

Mobile payments in the spotlight

ThreatMetrix warns of new malware

Features

GS Advisory Board:
New times, new strategies: What are you doing? - Part 3

Hope begins with one

Selling Prepaid

Prepaid in brief

Good and bad in Green Dot reforecast

Bankers oppose CFPB remittance rule

Views

What's still in your wallet?

Patti Murphy
ProScribes Inc.

Education

Street SmartsSM:
Stocking your MLS toolbox

Jeff Fortney
Clearent LLC

The long tail of the Durbin Amendment

Marc Abbey, Chris Sanson and Casey Merolla
First Annapolis Consulting

Micro attacks: Fraud of the future

Nicholas Cucci
Network Merchants Inc.

Countdown toTIN deadline: Are you ready?

Jacob Young
SecurityMetrics

Pay-at-the-table systems pay for themselves

Rick Berry
ABC Mobile Pay Inc.

Company Profile

Royal Merchant Holdings LLC

New Products

An elegant POS terminal

PAR EverServ 7000
ParTech Inc.

Safe checkout for online merchants

LeapLock Secure Checkout
PayLeap

Inspiration

Pause before you post

Departments

Forum

Resource Guide

Datebook

A Bigger Thing

The Green Sheet Online Edition

August 27, 2012  •  Issue 12:08:02

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ETA goal remains growing ISOs

Jason Oxman, Chief Executive Officer of the Electronic Transactions Association, said the addition of the four major mobile network operators (MNOs) to the ETA's member ranks and an increased focus on the emerging mobile payments industry will not alter the association's goal to help ISOs and other members grow their businesses.

The MNOs - AT&T Inc., Sprint Nextel Corp., T-Mobile USA Inc. and Verizon Wireless - are also joining the ETA's new Mobile Payments Committee, Oxman reported. These are the same companies partnering in Isis, the mobile wallet company, which is already an ETA member and member of the special committee.

New committee brings big players

The Mobile Payments Committee is a task force convened to foster innovation and create interoperability among the mobile payments players; to share best practices that ensure innovative and effective mobile payments solutions are available; and to educate legislators, regulators, consumers and merchants on mobile payments' efficiency, reliability and security, Oxman said.

Google Inc. and PayPal Inc. also are joining the committee, along with representatives from the association's more than 500 credit card companies, processors, developers, financial institutions and device manufacturers.

The ETA's board directed Oxman to form the committee now, while it is still early enough in the evolution of mobile payments technology to bring the market segment participants together to begin the process of addressing industry-wide issues, the CEO said.

"We are asking our members to take off their company hat and to put on an industry hat to address policy, technical and interoperability issues that will help the segment's success," Oxman stated.

Opportunity for ISOs

The trade association's decision to open its doors to new payment companies does not mean the ETA is forgetting its mission to help the smaller member companies offering electronic transaction processing products and services.

"As Eddie Myers, the President of our board of directors, likes to say, 'We are enlarging our tent,'" Oxman said. "The next step in the ETA is this effort to become the hub of activity in mobile payments. The committee is an extension of a wise decision by the ETA board of directors to engage in mobile payment to create new business opportunities and create innovation."

Oxman noted, "The most optimistic projections are that there will be $107 billion in mobile payments in 2012, out of $3.6 trillion in transactions in the United States. Mobile payment is still a drop in the bucket. Our goal is to grow our members' business and foster more business opportunities for ISOs, processors and acquirers. We want to help grow the whole pie for every participant in the industry."

For additional news stories, please visit www.greensheet.com and click on "Read the Entire Story" in the center column below the latest news story excerpt. This will take you to the full text of that story, followed by all other news stories posted online.

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

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Spotlight Innovators:

North American Bancard | USAePay | Super G Capital LLC | Humboldt Merchant Services | Impact Paysystems | Electronic Merchant Systems