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Table of Contents

Lead Story

Encryption - the secure payment adoption challenge

News

Industry Update

High court rebuffs merchant challenge to debit interchange

MasterCard leads way for U.S. card acceptance in Cuba

NRF show celebrates innovation, spots trends

Girl Scouts stage Digital Cookie 'bake-off'

Features

Hotel industry technology grab

Rebranding risks and rewards

Shopping sessions heat up on mobile

Views

Washington becomes a prepaid buzz kill

Patti Murphy
ProScribes Inc.

2015 Payments industry trends

Mark Flamme and Kevin Grieve
Strategy&

Education

Street SmartsSM:
Emails: Selling through rain, sleet or snow

Tom Waters and Ben Abel
Bank Associates Merchant Services

Merchant contract transparency should be the norm

Alex Nouri
EFT Direct

New tools for a new era

Jeff Fortney
Clearent LLC

You're the coach, what's your game plan?

Adam Moss
CardConnect

Company Profile

Humboldt Merchant Services

New Products

QuickBooks payments, lightning speed

Lightning for QuickBooks
TouchSuite

Web security services designed for SMBs

Web Security Services
ControlScan Inc.

Inspiration

Gaming work

Departments

Readers Speak

GS 10 Years Ago

Resource Guide

Datebook

A Bigger Thing

The Green Sheet Online Edition

February 09, 2015  •  Issue 15:02:01

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February 14, 2005 Issue 05:02:01
GS 10 Years Ago

Within the dynamic payments sphere, much has changed in the past decade, but certain themes have remained constant. For example, the need for common, comprehensive data security, the future of mobile payments and merchant dissatisfaction with certain card company practices.

A collaborative standard to fight fraud

The lead article in our Feb. 14, 2005, issue detailed a collaborative effort between Visa Inc. and MasterCard Worldwide to bolster data security. The companies built on Visa's Cardholder Information Security Program (CISP) and MasterCard's Site Data Protection (SDP) and introduced a new set of guidelines dubbed the Payment Card Industry Data Security Standard in December 2004. PCI is a reorganization of the fundamental foundations of CISP and SDP, stated Visa's John Shaughnessy. "The PCI Security Standard was created to provide a common and more efficient framework for both," he said.

Mobile phones inadequate for payment acceptance

The article "Paying the piper on a mobile device" expressed skepticism about the use of mobile phones for payment acceptance. "Think about the cost of infrastructure and support that's in place for traditional payment terminals, and then consider the fact that nothing comparable exists to support mobile phone- or PDA-based payment devices," wrote Verifone's David Talach. "How do you update the device? How do you keep the merchant from downloading other applications onto the device that might have an impact on the payment application?"

It's déjà vu: merchants sue

Defendants Citigroup Inc. and MBNA Corp. were added to a 2003 complaint filed against American Express Co. on behalf of merchants across the country. Both institutions had recently signed contracts with AmEx. The complaint alleged the tying agreements AmEx imposed on merchants to accept all of its products were illegal, as were its arbitration clauses. According to Gary B. Friedman, lead attorney for the plaintiffs, the higher interchange fees merchants had to pay to accept AmEx-branded revolving credit cards were harmful to their businesses.

www.greensheet.com/gs_05_02_01

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:

USAePay | Impact Paysystems | Electronic Merchant Systems | Inovio | Board Studios, Inc.