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Table of Contents

Lead Story

Transformation: Checks in the 21st century

Patti Murphy
The Takoma Group

News

Industry Update

Heartland files suit, claims processing scheme

Count down to ETA registration

Pay By Touch sued by employees

Global Discover-y

Black, cyber and green, shoppers appear keen

Alternative payments shake-up

Features

AgenTalkSM:
Craig Thomson

Mobile tech and the ATM

Travis K. Kircher
ATMMarketplace.com

Industry Leader

J. David Siembieda –
Man on the move

Views

Counting our blessings

Paul Rasori
VeriFone

Small merchants mean big future

Jeff Fortney
Clearant LLC

Education

Street SmartsSM:
Sale away, team

Dee Karawadra
Impact PaySystem

Office shopping done for you

Joel and Rachael Rydbeck
Nubrek Inc.

Make the most of your sales meeting

Maxwell Sinovoi
United Bank Card Inc.

Why use an executive recruiter?

Curt Hensley
CSH Consulting Inc.

B2B: Pedal to the floor

Aaron Bills
3Delta Systems Inc.

Company Profile

World Gift Card

New Products

High-tech data security in your wallet

Product: Emue Card
Company: Innovative Card Technologies and Emue Tec

Fast, photogenic PCI-compliant card reader

Product: Optimum L4150
Company: Hypercom Corp.

Inspiration

Open letter

E-mail for efficiency, phone for nuance

Get into the giving spirit

Miscellaneous

POScript

Departments

Forum

Resource Guide

Datebook

A Bigger Thing

The Green Sheet Online Edition

December 10, 2007  •  Issue 07:12:01

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POScript

#h4 Shortstack

Most people want a bank that's universal, and Tari Bunia Bank caters to all of its customers' needs. Located on the remote South Pacific Island of Pentecost, the 14 branches are known for traditional banking business and the not so traditional.

Tari Bunia has what most banks offer - checking accounts, loans and mortgages. But what sets it apart from other banks is the accommodations implemented for tribesmen wishing to make a deposit of tusks, woven mats, shells, giant rocks and other items at bartered rates.

For centuries, Pacific Islanders have used these items for trading and ceremonial purposes. According to Chief Viralo Boborenvanua, manager of Tari Bunia, the goal of the bank is to make sure there is no poverty in the communities. By taking items produced from the local land and sea, the townspeople can continue to thrive.

Bankers weigh the items and credit the amount to tribesmen's accounts. Behind vault doors, thousands of pig tusks hang from the halls. Robberies are scarce because thieves are afraid of the "spirits and snakes" lurking around the loot. How's that for a security system?

#h4 Biz Bytes

Volume game is when acquirers make a very small profit on each transaction they acquire; therefore, they need to acquire many transactions to make a profit.

Zero sum game means acquirers compete on scale because they offer an increasingly commoditized product to an increasingly mature and closed market. ATM machines and POS terminals, for example, have become commoditized.

#h4 ISQ-Q test

Which of these statements is true?

1. Payment Card Industry Data Security Standard compliance is only an option for merchants and third party service providers, but required for all other organizations.

2. ISO stands for Internet sales opportunity.

3. The Public Company Accounting Reform and Investor Protection Act of 2002 is also known as the Sarbanes-Oxley Act of 2002.

Point here for the answer.

#h4 MLScapes

'm not saying the customer service in my bank is bad, but when I went in the other day and asked the clerk to check my balance, she leaned over and pushed me.

Source: basicjokes.com

#h4 Loopy laws

When preparing your holiday menus, chew on this: In North Dakota, it's illegal for bars and restaurants to serve beer and pretzels together.

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 | Impact Paysystems | Electronic Merchant Systems | Board Studios