GS Logo
The Green Sheet, Inc

Please Login

Banner Ad
View Archives

View flipbook of this issue

Care to Share?


Table of Contents

Lead Story

Leasing 2.0 – An old tradition gets a new look

News

Industry Update

AmEx to appeal court ruling on merchant steering

Massive hack siphons nearly $1 billion from banks worldwide

EMV, interchange concern ATM deployers

Costco, JetBlue disengaged with AmEx

Trade Association News

Features

Mobile poised for online growth

Use newsletters for customer retention

Views

Remote capture is for more than just checks

Patti Murphy
ProScribes Inc.

Paradigm shift on portfolio ownership

Alex Nouri
EFT Direct

Education

Street SmartsSM:
Keep calm and process on

Tom Waters and Ben Abel
Bank Associates Merchant Services

ISO third-party integrations and data sharing

Adam Atlas
Attorney at Law

How do you decide which terminals belong in your toolbox?

Jeff Fortney
Clearent LLC

Company Profile

ISO Advance

Premier Payment Systems Inc.

New Products

Seamless, scalable in-store mobile payments

PD40
Zebra Technologies Corp.

Cloud-based, interactive payments for food service

iPAD POS
Aptito LLC

Inspiration

Workplace Oscar party

Departments

GS 10 Years Ago

Readers Speak

Resource Guide

Datebook

Skyscraper Ad

The Green Sheet Online Edition

March 09, 2015  •  Issue 15:03:01

previous next

Readers Speak

An incomplete chart

It has come to our attention that a line was missing from a chart included in "Advances in data, automation speed merchant boarding," by Matt Ward-Steinman and published in The Green Sheet Feb. 23, 2015, issue 15:02:02. Here is the text in the article introducing the graphic, along with the chart itself as it should have appeared:

By using APIs and relevant data, the European PSP is now able to preliminarily approve 61 percent of new applications, quickly decline 25 percent and manually review 14 percent. Enhancing the process helped decrease the time needed to review 3,000 new merchant applications by 93 percent, while maintaining current acceptance levels (See Figure 1).

European PSP Monthly applications
requiring manual review
Manual review minutes
per application
Total hours
per month
Pre-existing process 3,000 30 1,500
With automation 420 15 105
Time savings 86% 50% 93%

The online versions of this article have been corrected. Unfortunately, the issue had already gone to press when the missing line came to light, so we could not update the print version. The Green Sheet regrets the error.

What tradeshows are you attending this year?

We'll soon be working on our March 23 issue, which will be on display at the ETA's upcoming Transact 15 show at San Francisco's Moscone Center from March 31 through April 2. Will you be attending that show or other industry events coming up? Tell us why or why not. And remember, we always welcome 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.

previous next

Spotlight Innovators:

North American Bancard | Harbortouch | USAePay | IRISCRM.COM | Humboldt Merchant Services | Wirecard