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Table of Contents

Lead Story

CFPB, Durbin Amendment in the crosshairs

Patti Murphy


Industry Update

News Briefs


OEM-Pay gains ground


Solving checkout, retail's last mile

Dale S. Laszig
DSL Direct LLC

Developments in banking that affect ISOs

Brandes Elitch
CrossCheck Inc.


Street SmartsSM:
Positioning your ISO for success from the start

Aaron Nasseh
Finical Inc.

The MAC conference: Evolving risks and insurance solutions

Kevin Mendizabal
Frates Insurance and Risk Management

Company Profile

Frontline Processing Corp.

New Products

Proven SMB systems, services, support

Business Suite LLC


Is your language working against you?


Letter from the editors

Readers Speak

Resource Guide


A Bigger Thing

The Green Sheet Online Edition

May 22, 2017  •  Issue 17:05:02

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Letter from the editors

As the negative impacts of the Great Recession take a back seat to the desire to roll back government regulations on Capitol Hill, competing interests vie for votes to either gut the 2010 Dodd-Frank Act, along with the Durbin Amendment and Consumer Financial Protection Bureau, or to preserve regulations therein that were devised to prevent future financial meltdowns and protect consumer rights.

The Financial CHOICE Act, passed out of the House Financial Services Committee in May, is endorsed by those favoring deregulation; it will need to pass the House and the Senate in some form before it can be signed into law. Whether Congress will ultimately agree on an acceptable form of the bill is uncertain. This issue's lead article discusses the potential impact of this proposed Act; the pros and cons of the CFPB; calls for further regulation in the form of a 21st Century Glass-Steagall Act and a federal data protection act; and more.

Contributing writers have also offered perspectives on regulation: one reminded us that our banking system came close to systemic failure in 2008 and explored why that occurred and why bank regulation matters to ISOs; another delved into how insurance can help payment companies fulfill regulatory requirements, saving them money in the process. Also deftly detailed herein by experts are how to position your ISO for success right from the start, and how today's technologies are making the checkout experience far easier, thereby helping merchants accelerate growth.

Among the solutions making checkout easier are contactless mobile payment options. The growth of these is highlighted in a feature on schemes developed by original equipment manufacturers, the prominent solutions being Apple Pay, Samsung Pay and Android Pay.

Our news briefs also touch on regulation, reporting on the CFPB's delay of prepaid rules implementation and its request for input on small business lending, as well as renewed debate among legislators on the Marketplace Fairness Act. Other stories address efforts to boost data security by the Federal Trade Commission, by a combined IBM-Verizon initiative, and by the recently hacked Chipotle. Other stories include major steps taken by First Data and Alipay, Sage Group, and PayPal.

In addition, we present herein company and product profiles and news of milestones reported by members of the thriving payments community. What news do you have to share? Tell us at And please continue to send your press releases to

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

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