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Table of Contents

Lead Story

CNP fraud: Evolving strategies for an evolving market

Patti Murphy

News

Industry Update

Farewell to Kenneth T. Elderts, respected leader and friend

Chip and PIN debate roils retail, payments sectors

EMV advances beyond compliance

Office Depot sues Delaware for audit overreach

Features

GS Advisory Board:
The state of mobile today - Part 3

Banks ripe for disruption

Jeff Thorness

Views

What's in your payment mix?

Dale S. Laszig
DSL Direct LLC

Wake up and certify more EMV terminals

Steven Feldshuh
Merchants

Bankers' issues are our issues

Brandes Elitch
CrossCheck Inc.

Education

Street SmartsSM:
Bid farewell to traditional job security

John Tucker
1st Capital Loans LLC

The good, the bad, and the payday loan

Brett Husak
National Bank Services

Going beyond data breach reporting in the United States

Fran Sachs and Lorie Schrameck
CSR Professional Services Inc.

Company Profile

TransPay Processing

New Products

Real-time ID scans to limit fraud, boost conversions

Netverify
Jumio Corp.

Free, cloud-based tablet POS

Zero POS
retailcloud

Inspiration

Embrace pauses during presentations

Departments

Letter from the editors

Readers Speak

Resource Guide

Datebook

Skyscraper Ad

The Green Sheet Online Edition

August 22, 2016  •  Issue 16:08:02

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Farewell to Kenneth T. Elderts, respected leader and friend

Payments industry stalwart Kenneth T. Elderts passed away Aug. 6, 2016. The sales management executive touched many lives and left an impressive legacy in his industry and community. His career path demonstrated a consistent ability to anticipate technology trends and help emerging technologies achieve mainstream adoption. He led sales teams at eFund Corp., CyberCash, Lipman USA, Verifone Inc. and, most recently, at AnywhereCommerce, a global payment technology provider where he served as Vice President, ISO Channel.

We are deeply saddened by the sudden loss of our colleague and friend Ken Elderts, VP Sales at AnywhereCommerce," said Mitchell Cobrin, co-founder and Chief Catalyst at AnywhereCommerce. "Ken was a respected industry veteran who will be greatly missed by anyone who had the chance to know him. Our thoughts and prayers are with his family at this very sad time."

WSAA co-founder, advocate

Among his many accomplishments, Elderts took pride in his contributions as co-founder and board member of the Western States Acquirers Association, where he served as Vice President (2004 to 2006) and President (2007 to 2009). More than 4,000 attendees attended the two-day conference in 2015, which has grown year over year since its inception in 2003. "I was extremely proud of the hard work and dedication of both the board and advisory members that made this show a success," Elderts stated on LinkedIn.

While preparing for the September 2016 conference, WSAA board members remembered Elderts' playful and irrepressible presence.

"He was a great industry colleague, WSAA board member and, most of all, our friend," said Linda Horwath, Vice President, Manager-EMV and Emerging Technologies at JCB International Credit Card Co. Ltd. "Everyone on the WSAA team carries a heavy heart from the news. He will be missed and our thoughts and prayers are with his family."

A gifted leader

Xavier Ayala, Managing Partner at oneSource Business Advisors LLC and WSAA President and Chief Executive Officer, said, "The industry will greatly miss him, especially his friends who will always remember his valuable advice and counsel. He is our 'ohana' ‒ 'family' in Hawaiian, something near and dear to Ken ‒ as well."

Ayala added that Elderts was a natural leader who was widely respected, not only for his experience and knowledge, but also for his special ability to give his undivided attention to everyone who came to him for advice and counsel, both in the industry and in the ballpark where he coached softball.

"He provided sound leadership during times of challenge and prosperity," Ayala said. "We have lost a good friend and mentor who will never be forgotten. He touched everyone in our industry in a very positive way, and his presence will be felt and remembered always."

Services were held Aug. 13, 2016, from 11:30 a.m. to 1 p.m. Pacific time at The Movement Church, 1609 Capalina Rd., San Marcos, Calif. Burial service followed at Eternal Hills Mortuary in Oceanside, Calif. In keeping with Elderts' Hawaiian heritage and Aloha spirit, casual attire was encouraged.

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

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