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Table of Contents

Lead Story

Operation Choke Point draws fire from Congress, industry

News

Industry Update

Acquisition fuels cross-border e-commerce

Aite report dispels card acceptance myths

Isis mobile wallet moves to rebrand

Features

On the pulse of biometric security

Views

EMV alone is not enough, retailers push for tokenization

Patti Murphy
ProScribes Inc.

The makings of wine, checks, ACH

Brandes Elitch
CrossCheck Inc.

Education

Street SmartsSM:
Is the CPP D.O.A.?

Tom Waters and Ben Abel
Bank Associates Merchant Services

Top five security aspects to require of your portfolio

Chris Taylor
SecurityMetrics

Tune up your tone, MLSs

Jeff Fortney
Clearent LLC

Understanding the POS customer

Sean Berg
Harbortouch

Company Profile

Finical Inc.

New Products

Square deal for ISOs

Square Deal Pro
API Software Inc.

Recurring payments, no problem

ProPay Ensure Bill
ProPay Inc.

Inspiration

Staying focused in a complex business

Departments

Readers Speak

Letter From the Editors

GS Book Notes

Resource Guide

Datebook

Skyscraper Ad

The Green Sheet Online Edition

August 11, 2014  •  Issue 14:08:01

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Readers Speak

Do retailers now rule in new antitrust lawsuits?

I learned that a judge recently ruled against Visa and MasterCard. They had sought dismissal of cases brought against them by the retailers who refused to sign on to the huge settlement reached over processing fees. This seems like really bad news for the card companies. Do you agree?

David Hampton, Merchant Level Salesperson

David,

The July 18, 2014, decision by Judge John Gleeson to let a number of antitrust lawsuits by retailers who opted out of the $7.2 billion settlement of the class-action brought against Visa Inc. and MasterCard Worldwide wasn't really a setback for the card brands. This is because it wasn't a ruling on the merits of the retailers' cases. Approximately 30 major retailers refused the settlement, including Macy's Inc., Target Corp., Wal-Mart Stores Inc., 7-Eleven Inc. and Amazon.com Inc.; a primary objection was that they felt the amount of the settlement was inadequate.

After handing down his decision, Gleeson reportedly stated that at this early stage in the litigation, he was required to allow credibly argued claims to continue. Separately, Gleeson, who sits on the U.S. District Court for the Eastern District of New York, also denied requests made by Wal-Mart and certain retail groups to dismiss related cases brought against them by Visa and MasterCard.

Editor

What's up with video?

I see you now have several videos featured on your site. What prompted this? Do tell.

Sarah Abbott, Redbriar Merchant Services

Sarah,

The huge popularity of sites like YouTube speaks to the tremendous power of video. And we are delighted to now offer payment companies another way to communicate with our loyal readers. Video complements the written word and is a refreshing, immediate way to tell the payments community about your latest products, services and programs, as well as convey what is truly unique about your company. Danielle Thorpe, our Assistant Vice President, Media Relations, has full details. She can also give you a tour of our website so you can take full advantage of what The Green Sheet has to offer. Danielle can be reached at 707-284-1686 or danielle@greensheet.com.

Have your say

Send us your comments and burning questions. We will welcome your feedback at greensheet@greensheet.com.

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

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