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Table of Contents

Lead Story

Thriving in a disruptive market - MLS strategies

News

Industry Update

Zaxby's breach under investigation

UBPS acquisitions further ambitious vision

AmEx restructuring, reimbursements force job cuts

Fed assesses Durbin effect on networks, banks

Features

SMEs and important changes to the EU data protection act

Bill Farmer
Mako Networks Ltd.

Research Rundown

ISOMetrics:
Fed analysis of post-Durbin effects on networks

Website mistakes to avoid

Selling Prepaid

Prepaid in brief

Using KYC to boost prepaid usage

Low fees may be lynchpin for tax refund card adoption

Views

Is prepaid usage a valid measure of banking status?

Patti Murphy
ProScribes Inc.

Top five reasons to sell POS systems

Brian Jones
Harbortouch

Is m-commerce at a cultural tipping point?

Rick Berry
ABC Mobile Pay Inc.

Education

Street SmartsSM:
Tack like a sailor to strengthen your sales

Jeff Fortney
Clearent LLC

Time to take inventory of your leadership stock

Dale S. Laszig
Castles Technology Co. Ltd.

Distancing your ISO from the pack through partnerships

Christopher Briller and Sean O'Neil
MerchantPro Express LLC

Fraudsters persisting in the new year

Nicholas Cucci
Network Merchants Inc.

Company Profile

Glazer_Kennedy Insiders Circle LLC

New Products

Say yes to global customers

Multicurrency processing
Pivotal Payments

Artificial intelligence pinpoints fraud

Kount AI platform
Kount Inc.

Inspiration

You think you've got it bad

Departments

GS 10 Years Ago

Readers Speak

Resource Guide

Datebook

Miscellaneous

2013 events calendar

A Bigger Thing

The Green Sheet Online Edition

January 28, 2013  •  Issue 13:01:02

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GS 10 Years Ago

Much like today, merchants were attempting to limit processing fees at a time of high unemployment and lackluster holiday sales. Online sales were on track to generate billions in revenue, the major card issuers continued to wrangle in court over fees, and the ETA was preparing to move to the nation's capital.

Holiday retailsales mixed

With unemployment at an eight-year high of 6 percent, and same-store sales in November and December 2002 up just 0.5 percent, merchants were reeling from the worst performance since 1970, when tracking of same-store sales began. However, online spending rang up $13.8 billion, 28 percent more than the $10.8 billion spent online the previous holiday season.

Seven-year legal battle continues

A protracted lawsuit between Visa Inc. and MasterCard Worldwide and Wal-Mart Stores Inc. and millions of retailers, scheduled for trial April 28, 2003, found the two sides in court Jan. 13 for a summary judgment hearing to discuss allegations the card companies violated antitrust laws by forcing merchants to accept more costly offline debit cards.

ETA heads to Washington

The Electronic Transactions Association made a bold decision to relocate to Washington, D.C., after its office lease in Kansas City, Mo., expired at the end of June. "Washington was selected because it will give the association better access to government officials, policymakers and high-caliber job applicants," said Mary Gerdts, ETA President at the time.


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