GS Logo
The Green Sheet, Inc

Please Log in

Banner Ad
View Archives

View flipbook of this issue

Care to Share?


Table of Contents

Lead Story

Disrupting the disruptors in payments and banking

Patti Murphy

News

Industry Update

Updated PCI DSS released

Regulatory moves trouble U.S. fintech sector

Innovators chip away at EMV transaction speed

Federal focus on mobile for financially underserved

Features

Sizing up software-oriented distribution for acquirers

Brooke Ybarra

It's (still) hip to be traditional

Digital wallet real estate heats up

Ben Abel

Views

Six ways to leverage MLS expertise

Dale S. Laszig
DSL Direct LLC

Education

Street SmartsSM:
You can fly anywhere you want

John Tucker
1st Capital Loans LLC

Best processor moves

Adam Atlas
Attorney at Law

Marijuana sales: Current state and future opportunity

Brett Husak
National Bank Services

Are automatic electronic loan payments right for my customers?

Ty Kiisel
OnDeck Capital Inc.

Company Profile

Xpress-pay

New Products

Omnichannel, cloud-based POS

paydeo
AnywhereCommerce

Harness the power of barcode beaming technology

Mobeam
Mobeam Inc.

Inspiration

Word play your way to success

Departments

Letter from the editors

Readers Speak

Break away for a day

Resource Guide

Datebook

Skyscraper Ad

The Green Sheet Online Edition

May 23, 2016  •  Issue 16:05:02

previous next

Letter from the editors

In recent reports, researchers have disclosed that as many as 2,000 financial technology (fintech) companies are now trying to stake claims on banking turf and that billions of dollars of venture capital are pouring into fintech firms, especially those seeking to disrupt the payment and lending activities of banks and credit unions.

This is spurring banks, as well as many acquiring organizations, to become more nimble. Innovation has always been a hallmark of the payments industry, but it is even more imperative now, with well-funded disruptors diving into our realm. This issue's lead article delves into the effects of disruptors' activities. For many payment professionals, this encroachment represents an opportunity, as well as a challenge. Staying abreast of technology and finding comprehensive solutions are essential to capturing and keeping market share.

You'll always find articles in the Education section that address ways to adapt to our changing industry. This year's Street SmartsSM theme, for example, is dedicated to how MLSs can regroup and rebrand to thrive in the current environment. Also in that section, industry experts share insights on the qualities of honest processors (who really do exist); the promise of marijuana-related businesses and why it's important to observe developments in this market; and how to determine whether automatic electronic loan payments are right for your customers.

Other features cover how the battle for wallet share, traditionally fought among card brands' plastic cards, is shifting toward virtual wallet options; news that despite flat-fee pricing models now popular among certain merchant verticals, the need for traditional merchant accounts remains strong; and how the industry will benefit more by harnessing MLS power.

The news section features stories on Version 3.2 of the Payment Card Industry Data Security Standard, which takes effect Oct. 31, 2016; regulatory moves inside and outside of the United States that are of concern to fintech firms; initiatives designed to accelerate EMV transaction speed; federal plans to draw the financially underserved into the mainstream; and briefs on a host of payment company milestones, readers' professional triumphs; industry research, and more.

Also check out the new products and profiles in this issue, along with words of wisdom and advice to foster your success. We'd love to learn what you appreciate about our publication and what you'd like to see us do better. Contact us at greensheet@greensheet.com. And remember, we will welcome your press releases at press@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 | Humboldt Merchant Services | Impact Paysystems | Electronic Merchant Systems